Scuba Diving Equipment Market Size
Scuba Diving Equipment Market size was valued at USD 2.1 billion in 2022 and is projected to grow at a CAGR of over 5% between 2023 and 2032. The increasing disposable income globally is driving the industry progression. People are more inclined to invest in recreational activities including scuba diving. For instance, in 2021, the UK's Gross Disposable Household Income (GDHI) rose by 3.6% compared to 2020. Northern Ireland led the expansion with a 4.5% increase, followed by England (3.7%), Wales (2.8%), and Scotland (2.6%).
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Hey, check this out! Governments are getting serious about making travel and tourism a bigger deal. They're rolling out programs and policies to make it easier and more exciting for folks to explore the world. And guess what? That's giving a big boost to adventure tourism, especially scuba diving. More and more people are strapping on their tanks and hitting the ocean, so there's a growing need for all that scuba gear. Take Saudi Arabia, for example. In 2023, they said they're going to pour a whopping 800 billion bucks into their tourism industry. That's no chump change! They're planning to build better roads and attractions and all sorts of stuff to make their country a major travel hotspot. And it's not just scuba gear. There's also been a big crossover between scuba diving equipment and gym equipment for water workouts.
Scuba Diving Equipment Market Report Attributes
| Report Attribute |
Details |
| Base Year |
2022 |
| Scuba Diving Equipment Market Size in 2022 |
USD 2.1 Billion |
| Forecast Period |
2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR |
5% |
| 2032 Value Projection |
USD 3.5 Billion |
| Historical Data for |
2018 – 2022 |
| No. of Pages |
410 |
| Tables, Charts & Figures |
730 |
| Segments covered |
Equipment Type, Consumer Group, Price Range, Distribution Channel, End-use and Region |
| Growth Drivers |
- Rising disposable income and surging coastal tourism
- Technological advancements in scuba diving equipment
- Increasing government initiatives and policies to develop and promote travel & tourism
- Rising interest in adventure sports
|
| Pitfalls & Challenges |
- Limited accessibility and awareness
|
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Setting up diving centers, acquiring quality gear, and ensuring safety standards compliance require substantial capital. This financial barrier may deter potential entrants and limit market accessibility. It can affect consumer participation. Overcoming this challenge may involve strategic partnerships, financing solutions, or government incentives to make the scuba diving industry more economically viable.
COVID-19 Impact
The COVID-19 pandemic significantly impacted the market. Travel restrictions, lockdowns, and safety concerns led to a decline in tourism and recreational activities, reducing the demand for scuba gear. Dive operators faced closures, and consumers prioritized essential spending, hampering sales.
Scuba Diving Equipment Market Trends
The scuba diving industry is experiencing a surge in online sales and distribution, offering divers greater convenience and diverse product options. E-commerce platforms including DiveInn, LeisurePro, and Amazon's dedicated scuba gear section provide enthusiasts with a broad range of equipment choices. The trend is driven by the ease of browsing, comparative shopping, and the ability to access a global marketplace, making it simpler for consumers to find specialized or competitively priced scuba gear from the comfort of their homes.
The market is witnessing a shift toward sustainability and eco-friendliness owing to heightened environmental consciousness. Divers are increasingly seeking gear that minimize their ecological footprint and emphasize responsibly sourced materials and eco-conscious manufacturing processes. Manufacturers are responding with innovations such as recyclable materials, reduced packaging waste, and energy-efficient production methods. This trend reflects a collective commitment within the industry to preserve marine ecosystems, aligning with the values of environmentally conscious consumers.
Scuba Diving Equipment Market Analysis
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Dive into the underwater world with us! We've got you covered head to toe with all the gear you need. First up, let's talk about what you need to see clearly underwater. That's where diving masks and goggles come in. These trusty companions are expected to get even better in the next few years, with fancy new lens technology and comfy designs. Why? More people are exploring the underwater world for fun and taking amazing photos, so they want the best masks and goggles they can get their hands on. But what about breathing underwater? That's where regulators and octopuses come in. They keep you supplied with fresh air while you're down there. To stay buoyant and control your movements, you'll need a Buoyancy Control Device (BCD). Think of it as your underwater life jacket. It helps you float and move around with ease. Of course, you'll need to keep warm and protected in the water. That's where wetsuits and drysuits come in. They'll shield you from the cold and any sharp objects you might encounter. Finally, let's not forget about fins. They'll propel you through the water like a fish. One of the coolest things about the diving equipment market is that it's always evolving to make your adventures safer and more enjoyable. For example, Neptonics recently came out with a new diving mask that gives you an extra-wide field of view. Perfect for spotting fish and taking epic underwater shots!
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Based on the end use, the scuba diving equipment market is categorized into recreational divers, professional divers, military, and public safety divers. The recreational divers segment was valued at over USD 1 billion in 2022. The rising interest in underwater exploration and leisure diving activities, coupled with increasing disposable income, propels the demand for high-quality scuba gear. Manufacturers are responding with user-friendly, technologically advanced equipment, catering to the expanding recreational diving community.
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North America held a dominant scuba diving equipment market share of over 40% in 2022 owing to the increasing participation in recreational diving, a growing awareness of underwater conservation, and a rising trend of adventure tourism. Favorable economic conditions, coupled with a strong infrastructure for water-based activities. With a demand for high-quality equipment and services.
Scuba Diving Equipment Market Share
The major players operating in the scuba diving equipment industry are
- Akona
- Apeks Marine Equipment Ltd.
- Aqua Lung
- Atomic Aquatics
- Beuchat International S.A.
- Cressi Sub S.p.A.
- Dive Rite
- Hollis
- Johnson Outdoors Inc. (SCUBAPRO)
- Sherwood Scuba
Johnson Outdoors Inc. (SCUBAPRO) and Aqualung Group are the prominent players in the industry due to their innovative & versatile offerings. They are known for their comprehensive lineup of scuba diving equipment, encompassing everything from advanced regulators and buoyancy control devices to innovative dive computers. These companies stand as pillars in the business, offering a range of reliable and technologically advanced gear to enhance the safety and enjoyment of underwater exploration.
Scuba Diving Equipment Industry News
- In April 2023, Shark Biologist launched Australia's first women's wetsuit brand BOLDE, prioritizing sustainability. The wetsuits are crafted from premium Japanese limestone-based neoprene, offering an eco-friendly alternative to conventional petroleum-based neoprene. This innovation aligns with the brand's commitment to environmental responsibility, providing female divers with high-quality gear while minimizing the ecological impact of traditional wetsuit production.
The scuba diving equipment market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) and volume (Units) from 2018 to 2032, for the following segments
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By Equipment Type, 2018 – 2032
- Diving masks & goggles
- Regulators & octopuses
- Buoyancy Control Devices (BCDs)
- Wetsuits & drysuits
- Fins
- Others
By Consumer Group, 2018 – 2032
By Distribution Channel, 2018 – 2032
- Online retailers
- Supermarkets & hypermarkets
- Specialty stores
By Price Range, 2018 – 2032
- Low-mid end equipment
- High-end equipment
By End Use, 2018 – 2032
- Recreational divers
- Professional divers
- Military and public safety divers
The above information is provided for the following regions and countries
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordics
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Southeast Asia
- Latin America
- MEA
- UAE
- South Africa
- Saudi Arabia
