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Global Scuba Diving Equipment Market to reach USD XX billion by the end of 2030.

Global Scuba Diving Equipment Market Size study & Forecast, by Product (Regulators and Rebreathers, Bags and Apparel, Gauges and Dive Computers, Other), by Distribution Channel (E-commerce, Hypermarkets and Supermarkets, Specialty Stores, Other) and Regional Analysis, 2023-2030

Product Code: OIRGSF-74499216
Publish Date: 1-07-2023
Page: 200

Global Scuba Diving Equipment Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a CAGR of more than 6.41% over the forecast period 2023-2030. Scuba diving equipment encompasses a range of specialized gear and apparatus essential for underwater exploration. Dive masks, with their air pockets, provide clear vision and protect the eyes from water. Snorkels enable divers to breathe while swimming face down at the surface. Regulators, consisting of the first and second stages, allow divers to breathe the compressed air from cylinders, adjusting it to ambient pressure. Buoyancy Control Devices (BCDs) help divers maintain neutral buoyancy, ascend, and descend smoothly. Moreover, rising household disposable income and increasing international tourism are the growth drivers of this market.

According to the Statista in 2023, the United States boasted the highest gross adjusted per capita household disposable income among OECD countries in 2021, reaching approximately USD 62,335 Luxembourg ranked second with around USD 51,465, closely followed by Australia in third place. According to the United Nation Organization (UN) in 2022, During the initial five months of 2022, international tourism experienced a robust resurgence, witnessing the arrival of nearly 250 million international travelers. This remarkable figure indicates that the industry has successfully recuperated around 46% of its pre-pandemic levels from 2019. Moreover, rapidly growing advanced technology in diving equipment and increasingly adventurous sports industry are the growth opportunities in the market space. However, the high cost of equipment and safety concerns & risks involved may hamper the growth of the market during forecasted period 2023-2030.

The key regions considered for the Global Scuba Diving Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America holds a dominant position in the global scuba diving equipment market due to several key factors. The region benefits from a well-developed dive tourism infrastructure, with popular destinations such as the Caribbean and Florida attracting divers from around the world. North America also have a large and active community of scuba divers, contributing to a substantial consumer base. The region’s relatively higher levels of disposable income enable divers to invest in quality equipment, driving market demand. Additionally, North America is known for its technological advancements and innovation in scuba diving gear, offering cutting-edge regulators, dive computers, and buoyancy control devices. The European region emerged as the fastest-growing region in the scuba diving equipment industry. This growth can be attributed to several key factors. Firstly, there has been an increasing interest in outdoor activities and adventure sports throughout Europe, with scuba diving gaining significant popularity. Additionally, Europe’s stunning coastlines, diverse marine life, and renowned diving destinations have attracted both domestic and international tourists, fueling the demand for scuba diving equipment. Moreover, the region has made significant investments in diving infrastructure, including dive centers and training facilities, making scuba diving more accessible to a wider audience.

Major market player included in this report are:
Aqua Lung International
Johnson Outdoors Inc.
Huish Outdoors LLC
Sherwood Scuba LLC
Apollo Sports And Fitness Private Limited
Body Glove International LLC
Cressi Sub S.p.A
Tabata Co. Ltd
Beuchat International SA
Diving Unlimited International Inc.

Recent Developments in the Market:
Ø In December 2022, SMACO, a leading manufacturer of underwater diving equipment for rescue and recreation, is unveiling its newest offering, the MagicJet Scuba Diving Camoro underwater sea scooter. This cutting-edge electric propeller, boasting a power of 1000w, is specifically designed to enhance the accessibility and enjoyment of underwater exploration for scuba divers of all levels.

Global Scuba Diving Equipment Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product:
Regulators and Rebreathers
Bags and Apparel
Gauges and Dive Computers
Other

By Distribution Channel:
E-commerce
Hypermarkets and Supermarkets
Specialty Stores
Other

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Scuba Diving Equipment Market, by Region, 2020-2030 (USD Billion)
1.2.2. Scuba Diving Equipment Market, by Product, 2020-2030 (USD Billion)
1.2.3. Scuba Diving Equipment Market, by Distribution Channel, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Scuba Diving Equipment Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Scuba Diving Equipment Market Dynamics
3.1. Scuba Diving Equipment Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising Household Disposable Income
3.1.1.2. Increasing International Tourism
3.1.2. Market Challenges
3.1.2.1. High Cost of Equipment
3.1.2.2. Safety Concern & Risk Involved
3.1.3. Market Opportunities
3.1.3.1. Rapidly Growing Advance Technology
3.1.3.2. Increasing Adventurous Sports Industry
Chapter 4. Global Scuba Diving Equipment Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Scuba Diving Equipment Market, by Product
5.1. Market Snapshot
5.2. Global Scuba Diving Equipment Market by Product, Performance – Potential Analysis
5.3. Global Scuba Diving Equipment Market Estimates & Forecasts by Product 2020-2030 (USD Billion)
5.4. Scuba Diving Equipment Market, Sub Segment Analysis
5.4.1. Regulators and Rebreathers
5.4.2. Bags and Apparel
5.4.3. Gauges and Dive Computers
5.4.4. Other
Chapter 6. Global Scuba Diving Equipment Market, by Distribution Channel
6.1. Market Snapshot
6.2. Global Scuba Diving Equipment Market by Distribution Channel, Performance – Potential Analysis
6.3. Global Scuba Diving Equipment Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
6.4. Scuba Diving Equipment Market, Sub Segment Analysis
6.4.1. E-commerce
6.4.2. Hypermarkets and Supermarkets
6.4.3. Specialty Stores
6.4.4. Other
Chapter 7. Global Scuba Diving Equipment Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Scuba Diving Equipment Market, Regional Market Snapshot
7.4. North America Scuba Diving Equipment Market
7.4.1. U.S. Scuba Diving Equipment Market
7.4.1.1. Product breakdown estimates & forecasts, 2020-2030
7.4.1.2. Distribution Channel breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Scuba Diving Equipment Market
7.5. Europe Scuba Diving Equipment Market Snapshot
7.5.1. U.K. Scuba Diving Equipment Market
7.5.2. Germany Scuba Diving Equipment Market
7.5.3. France Scuba Diving Equipment Market
7.5.4. Spain Scuba Diving Equipment Market
7.5.5. Italy Scuba Diving Equipment Market
7.5.6. Rest of Europe Scuba Diving Equipment Market
7.6. Asia-Pacific Scuba Diving Equipment Market Snapshot
7.6.1. China Scuba Diving Equipment Market
7.6.2. India Scuba Diving Equipment Market
7.6.3. Japan Scuba Diving Equipment Market
7.6.4. Australia Scuba Diving Equipment Market
7.6.5. South Korea Scuba Diving Equipment Market
7.6.6. Rest of Asia Pacific Scuba Diving Equipment Market
7.7. Latin America Scuba Diving Equipment Market Snapshot
7.7.1. Brazil Scuba Diving Equipment Market
7.7.2. Mexico Scuba Diving Equipment Market
7.8. Middle East & Africa Scuba Diving Equipment Market
7.8.1. Saudi Arabia Scuba Diving Equipment Market
7.8.2. South Africa Scuba Diving Equipment Market
7.8.3. Rest of Middle East & Africa Scuba Diving Equipment Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Aqua Lung International
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Johnson Outdoors Inc.
8.3.3. Huish Outdoors LLC
8.3.4. Sherwood Scuba LLC
8.3.5. Apollo Sports And Fitness Private Limited
8.3.6. Body Glove International LLC
8.3.7. Cressi Sub S.p.A
8.3.8. Tabata Co. Ltd
8.3.9. Beuchat International SA
8.3.10. Diving Unlimited International Inc.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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