Scuba Diving Equipment Market Size
Gear for scuba diving In 2022, the market size was $2.1 billion, and it is expected to expand at a rate of more than 5% per year from 2023 to 2032. The industry's growth is being driven by rising disposable income around the world. People are more likely to spend money on fun things to do, like scuba diving. For example, the UK's Gross Disposable Household Income (GDHI) went up by 3.6% from 2020 to 2021. Northern Ireland saw the biggest growth, with a 4.5% rise, followed by England (3.7%), Wales (2.8%), and Scotland (2.6%).
Hey, look at this! Governments are really working hard to make travel and tourism more important. They're putting in place programs and rules to make it easier and more fun for people to see the world. And you know what? That is a huge boost for adventure tourism, especially scuba diving. More and more people are putting on their tanks and going to the ocean, which means that all that scuba gear is in high demand. For example, look at Saudi Arabia. They declared they were going to put a huge $800 billion into their tourism industry in 2023. That's a lot of money! They're going to make their country a big tourist destination by building better roads, attractions, and all kinds of other things. And it's not just scuba gear. There has also been a lot of overlap between scuba diving gear and gym gear for water training.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Scuba Diving Equipment Market Size in 2022 | USD 2.1 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 5% |
| 2032 Value Projection | USD 3.5 Billion |
| Historical Data for | 2018 – 2022 |
| No. of Pages | 410 |
| Tables, Charts & Figures | 730 |
| Segments covered | Equipment Type, Consumer Group, Price Range, Distribution Channel, End-use and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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To open diving centers, buy high-quality gear, and make sure safety regulations are met, you need a lot of money. This financial barrier could keep people from entering the market and make it harder for others to do so. It can make people less likely to buy. To make the scuba diving sector more financially sustainable, we may need to form strategic partnerships, find ways to finance things, or get the government to give us money.
COVID-19 Impact
The COVID-19 epidemic had a big effect on the market. Tourism and leisure activities went down because to travel restrictions, lockdowns, and safety concerns. This made scuba gear less popular. Dive operators had to close, and customers had to spend money on things they needed, which hurt sales.
Scuba Diving Equipment Market Trends
There has been a rise in online sales and distribution in the scuba diving sector. This makes it easier for divers to find a wider range of products. DiveInn, LeisurePro, and Amazon's specialized scuba gear area are all e-commerce sites that offer a wide range of equipment options for dive aficionados. The trend is because it's easy to browse, compare prices, and access a worldwide marketplace. This makes it easier for people to get specialized or competitively priced scuba gear from the comfort of their own home.s.
Because people are becoming more aware of the environment, the market is moving toward sustainability and eco-friendliness. Divers are increasingly seeking gear that minimize their ecological footprint and emphasize responsibly sourced materials and eco-conscious manufacturing processes. Manufacturers are coming up with new ideas like using recyclable materials, making less waste from packaging, and using less energy to make things. This trend shows that the sector as a whole is committed to protecting marine habitats, which is in line with what eco-friendly consumers want.
Scuba Diving Equipment Market Analysis
Come with us and explore the world under the water! We have all the gear you need to cover you from head to toe. First, let's speak about what you need to see well underwater. That's when diving masks and goggles come in handy. These reliable friends are going to get even better in the next few years thanks to improved lens technology and comfortable designs. Why? More and more people are going underwater for enjoyment and shooting wonderful pictures, therefore they want the best masks and goggles they can find. But what about being able to breathe underwater? That's when octopuses and regulators step in. They provide you fresh air while you're down there. You'll need a Buoyancy Control Device (BCD) to remain afloat and control your movements. It's like a life jacket for when you're in the water. It makes it easier for you to float and move around. You will, of course, need to stay warm and safe in the water. That's when drysuits and wetsuits come in. They will keep you warm and safe from any sharp objects you could come across. Lastly, we shouldn't forget about fins. They'll push you through the water like a fish. The diving gear industry is continually changing to make your trips safer and more fun, which is one of the best things about it. For instance, Neptonics just released a new diving mask that lets you see a lot more of the world around you. Great for finding fish and getting amazing pictures underwater!
The scuba diving equipment market is divided into four groups based on how the equipment will be usedleisure divers, professional divers, military divers, and public safety divers. The recreational diving market was worth more than $1 billion in 2022. As more people want to explore underwater and go diving for fun, and as their discretionary income rises, the demand for high-quality scuba gear also rises. Manufacturers are making equipment that is easy to use and has cutting-edge technology to meet the needs of the growing recreational diving population.
In 2022, North America had the largest proportion of the scuba diving equipment market, with more than 40% of the total. This was because more people were going recreational diving, people were becoming more aware of the need to protect the ocean, and adventure tourism was becoming more popular. Good economic conditions and a solid infrastructure for operations that take place on the sea. With a need for high-quality tools and services.
Scuba Diving Equipment Market Share
The major players operating in the scuba diving equipment industry are
- Akona
- Apeks Marine Equipment Ltd.
- Aqua Lung
- Atomic Aquatics
- Beuchat International S.A.
- Cressi Sub S.p.A.
- Dive Rite
- Hollis
- Johnson Outdoors Inc. (SCUBAPRO)
- Sherwood Scuba
Johnson Outdoors Inc. (SCUBAPRO) and Aqualung Group are the prominent players in the industry due to their innovative & versatile offerings. They are known for their comprehensive lineup of scuba diving equipment, encompassing everything from advanced regulators and buoyancy control devices to innovative dive computers. These companies stand as pillars in the business, offering a range of reliable and technologically advanced gear to enhance the safety and enjoyment of underwater exploration.
Scuba Diving Equipment Industry News
- In April 2023, Shark Biologist launched Australia's first women's wetsuit brand BOLDE, prioritizing sustainability. The wetsuits are crafted from premium Japanese limestone-based neoprene, offering an eco-friendly alternative to conventional petroleum-based neoprene. This innovation aligns with the brand's commitment to environmental responsibility, providing female divers with high-quality gear while minimizing the ecological impact of traditional wetsuit production.
The scuba diving equipment market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) and volume (Units) from 2018 to 2032, for the following segments
By Equipment Type, 2018 – 2032
- Diving masks & goggles
- Regulators & octopuses
- Buoyancy Control Devices (BCDs)
- Wetsuits & drysuits
- Fins
- Others
By Consumer Group, 2018 – 2032
- Men
- Women
By Distribution Channel, 2018 – 2032
- Online retailers
- Supermarkets & hypermarkets
- Specialty stores
By Price Range, 2018 – 2032
- Low-mid end equipment
- High-end equipment
By End Use, 2018 – 2032
- Recreational divers
- Professional divers
- Military and public safety divers
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordics
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- UAE
- South Africa
- Saudi Arabia
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