Global Snorkeling Equipment Market 2016-2020

Snorkeling equipment market outlook

The global snorkeling equipment market is anticipated to grow at a steady rate and will post a CAGR of close to 2% during the forecast period. The low training cost associated with snorkeling activity will drive the growth prospects for the global snorkeling equipment market during the forecast period. Snorkeling is a popular recreational activity that can be enjoyed by anyone who has access to the ocean, a lake, a river, or a pond. Unlike other activities such as the scuba diving, it does not require any complicated equipment, training, and certifications and is one of the major factors that foster the market’s growth.

Furthermore, another activity known as the skin diving is a specific kind of snorkeling that requires the divers to hold their breath underwater to observe aquatic life and explore marine species. Several training courses are available to instruct skin diver enthusiasts such as the Professional Association of Diving Instructors (PADI) Skin Diver. Some of the techniques that are covered by the course are checking buoyancy, surface swimming, clearing water from the snorkel, and performing effortless surface dives.

Snorkeling equipment industry growth based on geography

In terms of geography, the Americas accounted for the maximum market share during 2015 and will continue to dominate the market in the coming years. Some of the factors that encourage snorkeling activities in the region are the presence of a large number of snorkeling sites, increased awareness of a healthy lifestyle, and the growing number of snorkelers. Also, since snorkeling activity is one of the important sports in the US, it accounts for a major portion of the market’s revenue. Another factor that drives the market’s growth is the increasing adoption of new technologies by the companies to offer a better and eco-friendly equipment.

Snorkeling equipment market worth: Competitive landscape and key vendors

The market is highly fragmented due to the presence of a large number of big and mid-sized competitors. The market vendors are adopting advanced technological methods to produce snorkeling equipment that leads to an increased demand for the equipment. Also, because of the growing interests in water sports activities, the production capacity of equipment is increasing. Furthermore, the competitors are competing based on factors such as the price, quality, brand, and variety.

Key vendors in the snorkeling equipment market

• Aqua Lung International
• Cressi Sub
• Seavenger
• Tabata

Snorkeling equipment market segmentation by product

• Snorkels
• Snorkeling masks
• Snorkeling fins

In 2015, the snorkels segment accounted for the maximum market share and will continue to dominate the market during the forecast period. The major factors that drive the market segment’s growth are its increased application by the users and the introduction of improved features in these products.

Snorkeling equipment market segmentation by retail format

• Sports and specialty stores
• Hypermarkets and supermarkets
• Online retailing
• Rentals

The sports and specialty stores segment accounted for the maximum market share during 2015 and will continue to dominate the market during the forecast period. One of the major factors that drive the demand for these outlets is the availability of popular brands of snorkeling equipment and a wide range of product portfolios.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global snorkeling equipment market?
• What are the key market trends impacting the growth of the global snorkeling equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global snorkeling equipment market?
• What are the market opportunities and threats faced by the vendors in the global snorkeling equipment market?
• What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
• What are the key outcomes of the five forces analysis of the global snorkeling equipment market?

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• Global Scuba Diving Equipment Market 2016-2020
• Global Diving Suit Market 2016-2020