Diving Equipment Market

1. Diving Equipment Market Diving Equipment Market Expected to Reach $5,106.7 Million by 2025 Download Report Sample

2. “Introduction of low-cost airlines, coupled with growth in popularity of coastal tourism and active indolent of travelers with adventure activities is anticipated to foster the growth of the diving industry, and consecutively boost the growth of the market.” According to a new report published by Allied Market Research, titled, Global Diving Equipment Marketby Type, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2017-2025, the global diving equipment market size was valued at $3,731.4 million in 2017, and is expected to reach $5,106.7 million by 2025, registering a CAGR of 4.1% from 2018 to 2025. Diving Equipment Market Download Report Sample

3. Diving equipment are utility products used while going under water. Diving may involve recreational, R&D, and defense activity. The growth of the diving equipment market is attributed to rise in disposable income, introduction of low cost airlines, surge in travel & tourism, especially in coastal area, and rise in demand to involve adventurous activities during family vacations. In addition, rise in construction of sea links to facilitate the growth of trade, and artificial construction of island in coastal cities such as Singapore, Dubai, and New York, is anticipated to foster the growth of the diving equipment industry. Moreover, increase in R&D for oil & gas and development of large hydroelectric power plants is anticipated to further foster the growth of the market. Download Report Sample Pdf: https://www.alliedmarketresearch.com/request-sample/4754 Diving Equipment Market Download Report Sample

4. Diving Equipment Market By type, the global diving equipment marketis segmented into BCD & regulator, cylinder & diving propulsion vehicle, decompression chamber, exposure suit, and accessories. The exposure suit segment is anticipated to witness the highest growth and is one of the most common equipment for all divers. It is known to experience the highest wear & tear. By distribution channel, the global diving equipment market is classified into specialty store, online, and others. The specialty store is the leading supplier of this niche market. These stores are located in most of the coastal towns, near the diving sites. Reputable diving stores stock a wide range of basic scuba equipment and accessories to niche products such as underwater propulsion devices. The online segment is the fastest growing segment; online portals such as Amazon, Alibaba are some of the leading players in this segment. The other segment includes super markets & sporting goods stores, such as Walmart and Decathlon. Download Report Sample

5. The diving equipment market experiences a surge in popularity around the world, as more and more travelers seek to enhance their coastal vacations. The leading sites for diving are generally located in the coastal regions with warm sea. In addition, the coastal regions with rich coral reef are anticipated to witness high diving activities. The U.S. market is the most dominant diving equipment market and the Australia diving equipment is one of the leading markets in the Asia-Pacific region. However, the ASEAN countries such as Indonesia, Philippines, and Thailand experience surge in the number of diving activities. • By type, the BCD & regulator segment was the highest contributor in 2017. These products are used by approximately 35%-38% of the divers. The exposure suit segment is anticipated to witness the highest growth, as it is the most common equipment and undergoes high wear & tear. • Get detailed COVID-19 impact analysis on the Diving Equipment Market: https://www.alliedmarketresearch.com/request-for-customization/4754?reqfor=covid Diving Equipment Market Download Report Sample

6. Key Findings Of The Study • By type, the BCD & regulator segment dominates the global diving equipment market and is expected to grow at a high CAGR of 4.5%, in terms of revenue, during the forecast period. • By distribution channel, the specialty store segment contributes to close to half of the global market in 2017 and is anticipated to grow at a notable CAGR of 4.0%, from 2018 to 2025. • By distribution channel, the online segment contributed more than one-fourth of the global market and is expected to witness the highest growth rate at a CAGR of 4.8% in terms of value. • By type, the exposure suit segment is the most commonly used equipment and is anticipated to witness a CAGR of 5.4% during the forecast period. • The Asia-Pacific region dominates the global diving equipment market, and is estimated to hold more than one-fourth of the global market in terms of revenue and is anticipated to witness the highest growth rate during the forecast period. Diving Equipment Market Download Report Sample

7. The major players operating in the market focus on key market strategies, such as mergers, acquisitions, collaborations, and partnerships. They also focus on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the market include American Underwater Products, Inc., Aqua Lung International, Johnson Outdoors Inc., Mares S.p.A, Poseidon Diving System AB, Cressi Sub s.p.a, Beuchat, AQUATEC - DUTON INDUSTRY CO., LTD., H2Odyssey, and Dive Rite. Inquire or Share Your Questions If Any Before the Purchasing This Report: @ https://www.alliedmarketresearch.com/purchase-enquiry/4754 Diving Equipment Market Download Report Sample

8. About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Diving Equipment Market Download Report Sample

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