Global Scuba Diving Equipment Market Outlook To 2022 : Ken Research

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The report titled “Global Scuba Diving Equipment Market Outlook to 2022 – by Equipments (BCD’s & Regulators, Cylinders & Propulsion Vehicle, Decompression Chamber, Exposure Suits and Accessories), by Region (Americas, Europe, APAC & MEA), by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets and Others)” provides a comprehensive analysis of global scuba diving equipment market. The report covers introduction and market size on the basis of consumer expenditure, market segmentation by equipments (BCD’s and Regulators, Cylinders and Propulsion Vehicle, Decompression Chamber, Exposure Suits -Dry Suit and Wet Suit and Accessories-Headset/Hood, Watch, Torch, Knife and others), by region (Americas, Europe, APAC and MEA) and by distribution channel (Company Stores & Specialty Stores, Hypermarkets, Online Stores and Others). The report also includes SWOT analysis, value chain, market share of major players and competitive landscape including company profiles for major players (Aqua Lung International, Johnson Outdoors, Sherwood Scuba, Cressi Sub, American Underwater Products, Beuchat International and Dragerwerk AG & Co. KGaA), analyst recommendation in great detail.

The report facilitates the readers with the identification and in-depth analysis of the existing and future trends and issues that impacts the industry and has anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for water sports equipment manufacturers, scuba diving equipment manufacturers, distributors, specialty sporting goods stores, department stores, e-commerce portals, customers and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future.

Market Size

Market Overview: International tourist arrivals and international tourism expenditure has been increasing at a steady pace over the review period (2012-2017), globally. Coupled with an increase in interest of people towards soft adventure sports, rising popularity of scuba diving & adventure sports and growing awareness regarding numerous fitness-benefits of opting scuba diving has supported growth in this industry. Americas has been the biggest market in terms of expenditure incurred by consumers in scuba diving equipment’s followed by Europe, APAC and Middle East & Africa. Increase in demand has also been affected by growing base of Millennial, higher disposable income in major markets, presence of well-established players and expanded distribution network in new regions/countries.

Market Size: Low training cost and increase in variety of scuba diving equipments available in the market, primarily in terms of size, quality, capacity and utility have been the major growth drivers for the industry. Major players have been using diverse product portfolios and aggressive marketing & sales strategies to position themselves in the market. This has helped the market to grow at a CAGR of close to 2% during 2012-2017. Increased trade has been observed amongst major producing and consuming countries. Several leading manufacturers have invested huge amount in research & development segment to foster product innovation to increase durability and sturdiness of Scuba Diving equipments.

Market Segmentation

By Equipment: BCD’s and regulators have been the leading category of equipment in the market in 2017. These equipments are bought by scuba diving professionals, retail/recreational clients as well as by large-scale and small scale scuba diving camps and training institutes in large quantities. The average price of a BCD may range from USD 400 to USD 700 and regulators may cost between USD 350 to USD 1,000. The second largest category of equipments was cylinders and diving propulsion vehicle in 2017. This was followed by decompression chambers, exposure suits and other accessories holding equal share in the market.

By Region: The global Scuba Diving equipment market has been dominated by Americas in the year 2017. The region occupies the largest share owing to the presence of numerous elongated coastline, well-established water sports infrastructure and large number of Scuba Diving enthusiasts. In the recent years, Scuba Diving has been adopted as a recreational activity along with being taken-up professionally. Europe accounted for the second largest share in the Scuba Diving equipment market. The presence of increased number of water sporting sites across Europe makes it the second-largest revenue contributor. APAC region also witnessed growth in demand with an increase in both consumption and production especially in Australia, South Korea and New Zealand. Middle East and Africa has accounted for the lowest share in the market.

By Distribution Channel: Company Stores and Specialty Stores have dominated the market in 2017. This sales channel has been highly popular since major large scale manufacturers of Scuba Diving equipments usually operate through own brand stores that exclusively sell equipments of their brand. The purchase of sports equipments online has been gaining high popularity in the recent years. Online stores have been the second highest contributor in 2017. Some of the major online retailers selling sports equipments are Amazon and Alibaba. Hypermarkets including Walmart and Tesco held third highest share in the market.

Competition in the global Scuba Diving equipment market is highly fragmented due to the presence of large number of regional players. In the Americas, the competition is concentrated. Various manufacturing facilities are based in this region leading to large exports to various developing countries. It is a similar scenario in Europe. France and Italy have been major manufacturing hotspots. The major players in the market carry out both manufacturing as well as trading. Competition in APAC and Middle East & Africa is still in the growing phase & highly fragmented. Japan, Taiwan and Australia are popular manufacturing destinations. There are about 15-20 major Scuba Diving equipment manufacturers operating in the global market.

Future Analysis and Projections

Global Scuba Diving equipment market has been anticipated to showcase a sound growth at a CAGR of close to 4% during the forecast period (2017-2022). Growth during this period is expected to be supported by the rising popularity of Scuba Diving as a recreational and profession activity, increase in the number of Scuba Diving championships, increase in demand from tourists, increased awareness regarding fitness benefits of Scuba Diving, expanding geographical presence of major manufacturers, intensifying distribution channels, expansion of online retailing, new product launches, government initiative to promote the usage of protective Scuba Diving equipments and others.

For more information on the research report, refer to below link:

https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/global-scuba-diving-equipment-market/149548-95.html

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