Scuba Diving Equipment Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.15 Billion |
| Market Size (2029) | USD 2.56 Billion |
| CAGR (2024 - 2029) | 3.55 % |
| Fastest Growing Market | South America |
| Largest Market | Asia |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Scuba Diving Equipment Market Analysis
The Global Scuba Diving Equipment Market size is estimated at USD 2.15 billion in 2024, and is expected to reach USD 2.56 billion by 2029, growing at a CAGR of 3.55% during the forecast period (2024-2029).
The scuba diving equipment market has experienced steady growth, driven by increasing interest in adventure sports, rising disposable incomes, and a growing tourism industry. Scuba diving involves exploring underwater environments using self-contained underwater breathing apparatus (SCUBA) equipment. It has gained popularity among recreational, professional, and even underwater researchers.
In recent years, there has been a focus on developing innovative and eco-friendly gear that minimizes the impact on marine environments. Sustainable practices and materials are becoming more prevalent in the industry, aligning with the growing awareness of environmental conservation. The market is also affected by developments in technology, such as improved diving equipment features, underwater communication systems, and enhanced safety measures. These technological developments contribute to a safer and more enjoyable diving experience.
Scuba Diving Equipment Market Trends
Increasing E-commerce Sales is Fuelling the Market
E-commerce allows scuba diving equipment retailers to reach a global audience. They are no longer restricted to a certain area or physical store. Businesses have been able to contact clients who might find it difficult to get to physical retailers that offer scuba diving equipment and tap into new markets thanks to this improved reach. E-commerce sites offer comprehensive product details, such as features, specs, and user feedback. This enables potential buyers to gather comprehensive information about scuba diving equipment before making a purchase. E-commerce platforms are promoting competitive pricing due to increased market transparency. Customers can rate and review things they have purchased on e-commerce platforms. Decisions made by prospective clients might be greatly influenced by positive evaluations and recommendations from happy customers. More sales of scuba diving equipment have resulted from the availability of customer evaluations and suggestions on e-commerce platforms, which have been vital in building these companies' trust and confidence.
Diversified Product Range: E-commerce platforms have facilitated the diversification of scuba diving equipment options available to consumers. Online retailers provide a wide range of products, including scuba diving gear, snorkels, masks, wetsuits, fins, and other accessories, catering to the needs of different divers. This increased product variety has attracted more customers and contributed to the growth of the scuba diving equipment market.
Rising Scuba Diving Equipment Market in South America
South America is known for its diverse and beautiful marine ecosystems, including coral reefs, underwater caves, and vibrant marine life. The region has seen a rise in tourism, with many visitors attracted to its pristine diving spots. This rise in tourism has created a demand for scuba diving equipment as enthusiasts and tourists look to explore the underwater wonders of South America. South American countries have been investing in developing their tourism infrastructure, including scuba diving facilities and dive centers. This development has made scuba diving more accessible and safer for both locals and tourists. There has been a growing awareness and interest in scuba diving among the population in South America. South America hosts various scuba diving events and competitions, attracting diving enthusiasts from around the world. These occasions help to expand the market for scuba diving gear and promote the sport.
Scuba Diving Equipment Industry Overview
The scuba diving equipment market is fragmented. Major multinational companies involved in the worldwide scuba diving industry are included in the report. A few of the leading players, Aqua Lung International, Huish Outdoors, Mares, Johnson Outdoors, and Sherwood Scuba, dominate the market in terms of market share. Nonetheless, mid-size to smaller businesses are expanding their market presence by landing new contracts and breaking into untapped sectors thanks to product innovation and technology improvement.
Scuba Diving Equipment Market Leaders
-
Aqua Lung International
-
Huish Outdoors
-
Mares
-
Johnson Outdoors
-
Sherwood Scuba
*Disclaimer: Major Players sorted in no particular order
Scuba Diving Equipment Market News
- March 2024: Scuba.com, a major online supplier of scuba diving gear and accessories, partnered with 7TILL8 Custom Wetsuits, a renowned manufacturer of custom-tailored wetsuits. As part of this collaboration, Scuba.com will be the only reseller of 7TIL8 custom wetsuits for a whole year to raise awareness of the company's cutting-edge goods and specialized services.
- February 2024: Aggressor Adventures partnered with Mares. Under the rental equipment complement aboard 21 Aggressor Adventures ships, Mares will be the only brand and supplier of diving equipment for Aggressor's executive management team, employees, and guests.
Scuba Diving Equipment Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Market
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Interest in Adventure Sports
4.2.2 Booming Tourism and Travel Industry
4.3 Market Restraints
4.3.1 High Costs of Scuba Diving Equipment Restraining the Market
4.3.2 Safety Concerns is Restraining the Market
4.4 Market Opportunities
4.4.1 Growing Demand for Specialized Scuba Diving Equipment
4.5 Industry Value Chain Analysis
4.6 Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitutes
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Government Regulations and Initiatives
4.8 Insights on Scuba Diving in Military Operations
4.9 Insights on Industrial (Commercial) Divers
4.10 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Regulators and Rebreathers
5.1.2 Bags and Apparel
5.1.3 Gauges and Dive Computers
5.2 By Distribution Channel
5.2.1 E-commerce
5.2.2 Hypermarkets and Supermarkets
5.2.3 Specialty Stores
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 India
5.3.3.3 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Peru
5.3.4.3 Rest of Latin America
5.3.5 Middle East & Africa
5.3.5.1 Saudi Arabia
5.3.5.2 United Arab Emirates
5.3.5.3 Rest of Middle East & Africa
6. Competitive Landscape
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Aqua Lung International
6.2.2 Johnson Outdoors
6.2.3 Huish Outdoors
6.2.4 Mares
6.2.5 Sherwood Scuba
6.2.6 Apollo Sports
6.2.7 Body Glove International
6.2.8 Cressi
6.2.9 Tabata Co. Ltd (TUSA)
6.2.10 Beuchat International SA
6.2.11 Diving Unlimited International
6.2.12 Henderson Divewear
6.2.13 Suunto Oy*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Scuba Diving Equipment Industry Segmentation
Scuba diving equipment, which is also known as underwater diving gear, facilitates, eases, and improves the safety of diving operations. Underwater divers utilize diving equipment. The research covers a comprehensive background analysis of the scuba diving equipment market, including an evaluation of the parental market, developing trends by segments and regional markets, notable shifts in market dynamics, and a market overview. The report covers scuba diving equipment market statistics, and it is segmented by product, which includes regulators and rebreathers, bags and apparel, and gauges and dive computers; by distribution channel, including e-commerce, supermarkets and hypermarkets, and specialty stores; and by geography, including North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. The report offers market size and forecasts for the scuba diving equipment market in terms of revenue (USD) for all the above segments.
| By Product | |
| Regulators and Rebreathers | |
| Bags and Apparel | |
| Gauges and Dive Computers |
| By Distribution Channel | |
| E-commerce | |
| Hypermarkets and Supermarkets | |
| Specialty Stores |
| Geography | |||||
| |||||
| |||||
| |||||
| |||||
|
Scuba Diving Equipment Market Research FAQs
How big is the Global Scuba Diving Equipment Market?
The Global Scuba Diving Equipment Market size is expected to reach USD 2.15 billion in 2024 and grow at a CAGR of 3.55% to reach USD 2.56 billion by 2029.
What is the current Global Scuba Diving Equipment Market size?
In 2024, the Global Scuba Diving Equipment Market size is expected to reach USD 2.15 billion.
Who are the key players in Global Scuba Diving Equipment Market?
Aqua Lung International, Huish Outdoors, Mares, Johnson Outdoors and Sherwood Scuba are the major companies operating in the Global Scuba Diving Equipment Market.
Which is the fastest growing region in Global Scuba Diving Equipment Market?
South America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Scuba Diving Equipment Market?
In 2024, the Asia accounts for the largest market share in Global Scuba Diving Equipment Market.
What years does this Global Scuba Diving Equipment Market cover, and what was the market size in 2023?
In 2023, the Global Scuba Diving Equipment Market size was estimated at USD 2.07 billion. The report covers the Global Scuba Diving Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Scuba Diving Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Scuba Diving Equipment Industry Report
Statistics for the 2024 Scuba Diving Equipment market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Scuba Diving Equipment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Scuba Diving Equipment Market Report Snapshots
