Scuba Diving Equipment Market Size - By Equipment Type, By Consumer Group, By Distribution Channel, By Price Range, By End Use, & Global Forecast, 2023 – 2032

Scuba Diving Equipment Market Size - By Equipment Type, By Consumer Group, By Distribution Channel, By Price Range, By End Use, & Global Forecast, 2023 – 2032

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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The increasing government initiatives and policies aimed at fostering travel & tourism are propelling the industry. Supportive measures encourage adventure tourism including scuba diving, leading to increased demand for related gear. For instance, in July 2023, Saudi Arabia announced plans to invest USD 800 billion in its tourism sector. The Ministry of Tourism outlined extensive plans, reflecting a commitment to boost the industry. These significant investments aim at enhancing infrastructure, developing attractions, and positioning Saudi Arabia as a prominent global tourist destination. Additionally, over the years, the scuba diving equipment has witnessed a notable trend intersecting with the aqua gym equipment.
 

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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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Based on the equipment type, the market is divided into diving masks & goggles, regulators & octopuses, Buoyancy Control Devices (BCDs), wetsuits & drysuits, and fins. The diving masks & goggles segment is expected to grow at a CAGR of around 5.5% by 2032. Anticipated advancements in lens technology, improved comfort features, and innovative designs are fueling consumer interest. Additionally, a surge in recreational diving and the growing popularity of underwater photography contribute to the increased demand for high-quality masks and goggles. As more individuals engage in water sports, the market is responding with a focus on enhancing safety, visibility, and the overall user experience in this pivotal segment. For instance, in March 2023, Neptonics unveiled its latest Peripheral Freediving/Spearfishing Mask. Designed for optimal underwater visibility, the mask enhances peripheral vision, crucial for freediving and spearfishing.

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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

• Men
• Women

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
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Nordics
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Southeast Asia 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• MEA
  • UAE
  • South Africa
  • Saudi Arabia