Recreational Oxygen Equipment Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Recreational Oxygen Equipment Market Analysis

The recreational oxygen equipment market is poised to grow at a CAGR of 14.52% over the forecast period.

COVID-19 had a significant impact on the recreational oxygen equipment market. For instance, according to an article published by Elsevier in July 2022, every element of sports was affected, from athletes and club sponsorships to media coverage during the COVID-19 pandemic. Gradually, with COVID-19 having spread across the globe, the Olympic and Paralympic Games in Tokyo were also postponed to 2021. This led to reduced requirements of recreational oxygen for energy or recovery. However, as COVID-19 cases declined and the restrictions were lifted, the pandemic accelerated the sports events, generating demand for recreational oxygen.

Factors such as youth's preference towards sports activities and the rising stress and pollution levels are expected to drive market growth. For instance, according to the United States Environmental Protection Agency update in March 2023, emissions of air pollutants continue to play an important role in a number of air quality issues. In 2022, about 66 million tons of pollution were emitted into the atmosphere in the United States. Air pollution is a major cause of lower levels of optimal oxygen worldwide. Hence, this is likely to lead to an increase in the requirement for recreational oxygen equipment.

Besides, the benefits of recreational oxygen, such as higher energy and vitality, faster muscle recovery, and better athletic performance, are projected to boost the market growth. Besides, recreational oxygen also helps in reducing stress and easing jet lag. Hence, it is used by athletes, actors, singers, and business people to ease the jet lag. Furthermore, the people's preference for different types of sports is also likely to contribute to the market growth. For instance, as per the survey published in March 2022, football is popular in the United States, and Japan prefers baseball. Moreover, the survey results on people's physical activities in Korea, Japan, and the USA represented the varying sports preferences in each nation. A closer look reveals that walking (40.8%), mountain climbing (23.2%), and fitness (11.9%) are popular activities in Korea. Data from Japan, on the other hand, shows that walking (57.0%), fitness (12.9%), and gymnastics (12.4%) are preferred by most people. Additionally, the USA favors outdoor sports (59.2%), fitness sports (66.0%), and individual sports (45.3%). Hence, the huge preference towards different sports & fitness activities is likely to create demand for recreational oxygen, thereby boosting the market growth.

Additionally, with increased stress, the optimal oxygen level decreases, which is further likely to create demand for recreational oxygen equipment. For instance, according to the Workplace Health Report published in June 2022, various professionals are impacted by stress at their workplace in the United Kingdom. It stated that 1 in 14 UK adults (7%) feel stressed daily. Around 76% of employees reported moderate-to-high or high stress levels in 2023. This number has increased from 67% in 2022 to 76% in 2023, reflecting a percentage increase of 13%. With such a high-stress level, the demand for recreational oxygen equipment is likely to increase, thereby driving market growth.

Thus, factors such as high preference for sport activities among people, stress level in working professional, and advantages associated with recreational oxygen is projected to contribute to the market growth. However, regular restrictions and misuse of the equipment are expected to impede market growth over the forecast period.

Recreational Oxygen Equipment Market Trends

Oxygen Bar Segment is Expected to Show a Significant Growth Over the Forecast Period.

Recreational Oxygen Equipment Industry Segmentation

As per the scope of the report, recreational oxygen equipment is a supplemental oxygen commonly utilized in recreational situations or sports. It is different from medical oxygen as it does not require a prescription. Recreation oxygen boosts performance in sports, increases endurance, and promotes relaxation. The recreational oxygen equipment market is segmented by product type (oxygen bar, oxygen cans, and other product types) and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments. The report offers the value (in USD million) for the above segments. The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.