Global snorkeling equipment market by
equipments (Snorkels, Snorkeling Masks, Snorkeling Fins and Other Snorkeling
Accessories), by region (Americas, Europe, APAC and MEA) by demand from
customers (repeat and new customers) and by distribution channel (Company
Stores & Specialty Stores, Hypermarkets, Online Stores, Small Retail
Stores), by prices of equipments including snorkels and fins along with company
profiles for major players (Seavenger, Tabata Co. Ltd., Apollo Sports and
Aquatec - Duton Industry)
Snorkels
in the price range of USD 50 or less are the highest selling products in the
market. These are generally bought by retail customers through company stores,
specialty stores, online stores and in hypermarkets. Whereas, snorkeling fins
priced USD 100 or less are highest selling price category of fins primarily
sold through company stores.
The
US has been the market leader in terms of manufacturing and consumption demand
of Snorkeling equipments worldwide. Leading players are originally from Europe
which includes Aqua Lung and Cressi Sub. These players would dominate the
competition landscape even in the forecast period due to higher investments
done towards new product launches and brand marketing activities.
Japan,
Australia, New Zealand, Taiwan, South Korea have been major countries in APAC
facilitating fast-pace growth in the market. These regions would dominate in
the coming future with rise in both consumption and production activities.
The
Snorkeling Equipment Manufacturers
in the market are expected to focus more on innovative product offerings with
respect to design, color, shape and weight, to meet the needs of individual
consumers. The launch of innovative products in the market shall raise the
replacement demand for the equipments. Additionally, competitors are focusing
on developing advanced snorkeling fins that are better than regular fins
currently available in the market. Many types of equipments are manufactured
using high-tech materials that are strong yet lightweight, flexible and
resistant to chemicals, which are being marketed by global competitors.
Subsequently, consumers now prefer purchasing equipment with new and improved
features that suit their specific needs. This, therefore, is likely to escalate
the growth of global snorkeling equipment market during the forecast period.
The region Americas is expected to dominate the market in the coming five
years, owing to an increased participation rates and popularity of new
snorkeling sites in the region. The US is expected to be the leading country in
this region. Some of the best snorkeling sites in the country like Virginia
Beach, Block Island, Riviera Beach, Key Largo and Kankakee are expected to
attract more tourists. APAC is anticipated to be the fastest-growing region
among all the other geographical regions in the global snorkeling equipment
market.
Growth
in APAC has been supported by rising popularity of soft adventure water sports
and tourism. South Korea and Australia were the major markets contributing to
the revenue of APAC. Australia is the most popular destination for snorkeling
due to the presence of the Great Barrier Reef with more than 2,900 individual
reefs, which stretches for more than 2.6 kilometers. Great Barrier Reef is one
of Australia's prime tourist attractions. Most of the activities in South Korea
happen in the east and south coast of the region, where water is the warmest in
the south and southeast coast, with a temperature of 73.4°F. Seonjaedo,
Sinuido, Hongdo, Cheongsando, Ulleungdo and Deokjeokdo are some of the top
snorkeling sites preferred by tourists in the country. The number of snorkeling
sites in South Korea has increased to 51 in 2015 compared to 33 in 2009.
Furthermore, Indonesia, Hong Kong, Taiwan, Thailand and Singapore are some of
the other prominent countries for snorkeling. Among these countries, Indonesia
is situated in the middle of the Coral Triangle, which makes it a major
epicenter for marine diversity and variations. A large number of marine life
forms are attracted to the coasts of Indonesia due to the abundance of corals.
This in turn manifests the region to house the maximum number of coral life
species in the world, making it a very attractive snorkeling destination. Hong
Kong has a coastline that stretches over 455 miles and offers snorkeling sites,
which are shallow and warm. These are regarded as some of the major underwater
attractions. Hong Kong’s East Ping Chau Island is popular for the presence of
large number of turtles, anemone fishes and hard and soft coral growths, which
make for an attractive snorkeling destination.
Analysts
at Ken Research in their latest publication “Global
Snorkeling Equipment Market Outlook to 2022 – By Equipments (Snorkels,
Snorkeling Masks, Snorkeling Fins and other accessories), By Region (Americas,
Europe, APAC and MEA) and By Distribution Channel (Company Stores &
Specialty Stores, Hypermarkets, Online Stores, Small Retail Stores)”
believe that free trial and rental facilities, technological upgradation and
major thrust from APAC region would enable the market to register a CAGR of
around 6% during the forecast period.
Key Topics
Covered in the Report:
Global
Snorkeling Equipment Market
Worldwide
Snorkeling Masks Sales
Snorkeling
Fins Price Best Seller
Snorkels
Sales Volume
Snorkeling
Masks Revenue Market
Snorkeling
Fins Market
Gear
and Accessories of Snorkeling Market
Lifespan
Snorkeling Equipment
Global
Snorkeling Equipment Sales
World
Snorkeling Participation
Snorkeling
Equipment Revenue Forecast
Export
Snorkeling Gear
Competition
Snorkeling Equipment
Snorkeling
Participation in US
For more information on the research report, refer to below link:
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Contact Us:
Ken Research
Ankur Gupta, Head
Marketing & Communications
+91-9015378249
