Global Scuba Diving Equipment Market Top Suppliers, Future Opportunities 2032


Posted October 19, 2023 by sushmithatbrc

The global scuba diving equipment market is expected to grow from $4.19 billion in 2022 to $4.39 billion in 2023 at a compound annual growth rate (CAGR) of 4.9%.
 
The Business Research Company’s Scuba Diving Equipment Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Scuba Diving Equipment Global Market Report 2023 evaluates scuba diving equipment market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global scuba diving equipment market is poised for substantial expansion, with a projected surge from $4.19 billion in 2022 to a staggering $4.39 billion in 2023, representing a robust compound annual growth rate (CAGR) of 4.9%. This notable growth trend, however, unfolds against the backdrop of global economic turbulence stemming from the Russia-Ukraine conflict, which has hampered the world's recovery from the profound COVID-19 pandemic impact. The ongoing war has spawned widespread economic sanctions, an upswing in commodity prices, and supply chain disruptions, culminating in inflationary pressures across a wide spectrum of goods and services, significantly impacting markets on a global scale. Anticipating this dynamic landscape, the scuba diving equipment market is on a trajectory to attain $5.19 billion by 2027, propelled by a CAGR of 4.2%.

Intriguingly, the surging popularity of water sports serves as a pivotal catalyst for the burgeoning scuba diving equipment market. Water sports, encompassing activities like swimming, water polo, and surfing, have captured the imaginations of enthusiasts worldwide. Notably, scuba diving equipment, including essential items like rash guards, wet suits, hoods, boots, gloves, and earplugs, are indispensable in ensuring both safety and comfort for participants in aquatic sports. To underscore this phenomenon, the Watersports Participation Survey of 2021, conducted by the British Marine, a prominent UK-based marine transportation company, unveiled striking statistics. In 2021, an impressive 11.7 million individuals in the UK reported active participation in boating activities one to two times, reflecting a nearly twofold increase compared to the preceding year, which saw 6.3 million participants. Evidently, the upsurge in the popularity of water sports stands as a compelling driver, fueling the robust expansion of the scuba diving equipment market. This trend underscores a growing affinity for aquatic pursuits, promising a buoyant future for the industry.

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The scuba diving equipment market segments in the report are:
1) By Type: BCD (Buoyancy Control Device) And Regulator, Cylinder And Diving Propulsion Vehicle, Decompression Chamber, Exposure Suit, Accessories
2) By Depth: Recreational Diving, Clearance Diving, Saturation Diving
3) By Distribution Channel: Specialty Store, Online Store

The table of contents in TBRC’s scuba diving equipment market report includes:
1. Executive Summary
2. Scuba Diving Equipment Market Characteristics
3. Scuba Diving Equipment Market Trends And Strategies
4. Scuba Diving Equipment Market - Macro Economic Scenario
5. Global Scuba Diving Equipment Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)

....

32. Global Scuba Diving Equipment Market Competitive Benchmarking
33. Global Scuba Diving Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Scuba Diving Equipment Market
35. Scuba Diving Equipment Market Future Outlook and Potential Analysis
36. Appendix

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Tags scuba diving equipment market , scuba diving equipment market size , scuba diving equipment market share
Last Updated October 19, 2023