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Scuba Diving Equipment Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: May 2020
  • Pages: 120
  • SKU: IRTNTR43734
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The scuba diving equipment market share is expected to increase by USD 537.80 million from 2019 to 2024, and the market’s growth momentum will accelerate at a CAGR of 3%.

This scuba diving equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers scuba diving equipment market segmentation by product (bags and apparel, rebreathers and regulators, diving computers and gauges, and others), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and MEA). The scuba diving equipment market report also offers information on several market vendors, including Apollo Sports Inc., Aqua Lung International, AQUATEC - DUTON INDUSTRY CO. LTD., BEUCHAT INTERNATIONAL S.A.S, Diving Unlimited International Inc., Henderson, Huish Outdoors, IST SPORTS CORP., Johnson Outdoors Inc., and Marquee Brands among others.

What will the Scuba Diving Equipment Market Size be During the Forecast Period?

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Scuba Diving Equipment Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The the rising popularity of water sports is notably driving the scuba diving equipment market growth, although factors such as seasonal challenges may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the scuba diving equipment industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Scuba Diving Equipment Market Driver

One of the key factors driving growth in the scuba diving equipment market is the health benefits. Scuba diving maximizes the diver's oxygen intake and improves the quality of breathing. Breathing while scuba diving requires a certain degree of resistance and requires a high degree of exertion as compared to free breathing. Scuba diving aids in maintaining physical fitness. It works positively on calves, ankles, hip flexors, and shoulders. It improves the strength and endurance levels of the diver, reduces stress, and burns about 300 calories per hour. Scuba diving increases the heart rate and strengthens the heart muscle. This, in turn, leads to reduced risks associated with coronary heart disease, heart failure, high cholesterol, and high blood pressure. Scuba diving helps in reducing the levels of stress and anxiety. A scuba diving exercise requires controlled breathing. This, in turn, relaxes the human body. The aforementioned benefits associated with scuba diving positively influence the growth of the global scuba diving equipment market.

Key Scuba Diving Equipment Market Trend

The surge in innovative scuba diving equipment is a scuba diving equipment market trend that is expected to have a positive impact in the coming years. The global scuba diving equipment market is expected to witness a surge in innovative scuba diving equipment. Of late, the key market competitors are focusing on product innovation strategies. The existing players are focused on improving their offerings in terms of design, color, shape, and weight to meet the needs of individual consumers. Vendors are continuously innovating and introducing advanced products that are highly efficient and user-friendly. For instance, Aqua Lung International, one of the key vendors of scuba diving equipment, offers Phazer fin, which is equipped with advanced features such as Wave Rib Technology, New Bungee Strap, New Canalization System, and Hydro Power Channel. The AMEO Powerbreather Lap Snorkel enables swimmers to breathe freely while concentrating on their motion sequence and posture. Many players in the market are investing in lightweight and flexible scuba diving equipment. Additionally, vendors are investing in advanced dry suits, which can withstand lacerations, abrasions, and punctures. Of late, there exists a high degree of demand for custom-made diving equipment.

Key Scuba Diving Equipment Market Challenge

The seasonal difficulties will be a major challenge for the scuba diving equipment market during the forecast period. Unfavorable and uncertain weather conditions negatively impact the advent of water sports (like scuba diving). Severe thunderstorms and heavy snowfall, especially in the US, negatively impact the scuba diving equipment market in the country. Activities such as scuba diving, stand up paddleboarding, jet skiing, flyboarding, and rafting during severe thunderstorms and hurricanes are completely restricted. Fluctuations in weather patterns and factors like extreme humidity or temperature falls negatively impact favorable scuba diving conditions. This hinders the growth of the global scuba diving equipment market. The Ring of Fire in the Pacific Ocean restricts scuba diving activities in the area to a large extent. This negatively impacts the scuba diving equipment market in APAC. Such aspects limit the frequency of participation and lead to a shift from outdoor to indoor sports. The aforementioned factors negatively impact the growth of the global scuba diving equipment market in varying degrees.

This scuba diving equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global scuba diving equipment market as a part of the global leisure products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the scuba diving equipment market during the forecast period.

Who are the Major Scuba Diving Equipment Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Apollo Sports Inc.
  • Aqua Lung International
  • AQUATEC - DUTON INDUSTRY CO. LTD.
  • BEUCHAT INTERNATIONAL S.A.S
  • Diving Unlimited International Inc.
  • Henderson
  • Huish Outdoors
  • IST SPORTS CORP.
  • Johnson Outdoors Inc.
  • Marquee Brands

 

This statistical study of the scuba diving equipment market encompasses successful business strategies deployed by the key vendors. The scuba diving equipment market is fragmented and the vendors are deploying growth strategies such as focusing on pricing, quality, brand, and variety to compete in the market.

Product Insights and News

  • Apollo Sports Inc. - The company offers a wide range of scuba diving equipment such as bio seals, belt buckle, gauge, masks, snorkels, suits, along various others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The scuba diving equipment market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Scuba Diving Equipment Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the scuba diving equipment market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the leisure products market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Scuba Diving Equipment Market?

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35% of the market’s growth will originate from APAC during the forecast period. South Korea (Republic of Korea) is the key market for scuba diving equipment in APAC. Market growth in this region will be faster than the growth of the market in other regions.

North America is a another region showing major market growth. In the scuba diving equipment market in the North America region, the US, Canada, and Mexico are considered as the key leading countries. The growth in inbound tourism in the aforementioned countries is a major contributor to the growth of the scuba diving equipment market in the region. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Scuba Diving Equipment Market?

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The scuba diving equipment market share growth by the bags and apparel segment will be significant during the forecast period. The segment includes products like wetsuits, drysuits, BCDs, and masks. In 2019, the segment dominated the global scuba diving equipment market. It is expected to lead the market during the forecast period as well. BCD jackets are worn by divers to maintain neutral underwater buoyancy as these jackets are fitted with bladders. Wetsuits aid in keeping the divers warm. Drysuits, on the other hand, are designed to provide divers with advanced thermal protection. They are majorly used by advanced and technical divers, who make multiple dives at a stretch in temperate waters.

This report provides an accurate prediction of the contribution of all the segments to the growth of the scuba diving equipment market size and actionable market insights on post COVID-19 impact on each segment.

 

Scuba Diving Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 3%

Market growth 2020-2024

$ 537.80 million

Market structure

Fragmented

YoY growth (%)

-2.27

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 35%

Key consumer countries

US, Germany, France, Brazil, Italy, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Apollo Sports Inc., Aqua Lung International, AQUATEC - DUTON INDUSTRY CO. LTD., BEUCHAT INTERNATIONAL S.A.S, Diving Unlimited International Inc., Henderson, Huish Outdoors, IST SPORTS CORP., Johnson Outdoors Inc., and Marquee Brands

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Scuba Diving Equipment Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive scuba diving equipment market growth during the next five years
  • Precise estimation of the scuba diving equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the scuba diving equipment industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of scuba diving equipment market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 - 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by product
    • Bags and apparel - Market size and forecast 2019-2024
    • Rebreathers and regulators - Market size and forecast 2019-2024
    • Diving computers and gauges - Market size and forecast 2019-2024
    • Others - Market size and forecast 2019-2024
    • Market opportunity by product

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by distribution channel
    • Offline - Market size and forecast 2019-2024
    • Online - Market size and forecast 2019-2024
    • Market opportunity by Distribution channel

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2019-2024
      • Europe - Market size and forecast 2019-2024
      • APAC - Market size and forecast 2019-2024
      • South America - Market size and forecast 2019-2024
      • MEA - Market size and forecast 2019-2024
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Apollo Sports Inc.
      • Aqua Lung International
      • AQUATEC - DUTON INDUSTRY CO. LTD.
      • BEUCHAT INTERNATIONAL S.A.S
      • Diving Unlimited International Inc.
      • Henderson
      • Huish Outdoors
      • IST SPORTS CORP.
      • Johnson Outdoors Inc.
      • Marquee Brands

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The scuba diving equipment market growth will increase by $537.80 million during 2019-2024.
      The scuba diving equipment market is expected to grow at a CAGR of 3.42% during 2019-2024.
      Technavio has segmented the scuba diving equipment market by product (Bags and apparel, Rebreathers and regulators, Diving computers and gauges, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
      Apollo Sports Inc., Aqua Lung International, AQUATEC - DUTON INDUSTRY CO. LTD., BEUCHAT INTERNATIONAL S.A.S, Diving Unlimited International Inc., Henderson, Huish Outdoors, IST SPORTS CORP., Johnson Outdoors Inc., Marquee Brands are a few of the key vendors in the scuba diving equipment market.
      APAC will register the highest growth rate of 35.16% among the other regions. Therefore, the scuba diving equipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Germany
      • France
      • Brazil
      • Italy
      • South Korea (Republic of Korea)
      The key factors driving the scuba diving equipment market growth are:
      • Health benefits
      The scuba diving equipment market vendors should focus on grabbing business opportunities from the bags and apparel segment as it accounted for the largest market share in the base year.
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