The report titled “Global
Scuba Diving Equipment Market Outlook to 2022 - by Equipments (BCD’s &
Regulators, Cylinders & Propulsion Vehicle, Decompression Chamber, Exposure
Suits and Accessories), by Region (Americas, Europe, APAC & MEA), by
Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets
and Others)” provides a
comprehensive analysis of global scuba diving equipment market. The report
covers introduction and market size on the basis of consumer expenditure,
market segmentation by equipments (BCD's and Regulators, Cylinders and
Propulsion Vehicle, Decompression Chamber, Exposure Suits -Dry Suit and Wet
Suit and Accessories-Headset/Hood, Watch, Torch, Knife and others), by region
(Americas, Europe, APAC and MEA) and by distribution channel (Company Stores
& Specialty Stores, Hypermarkets, Online Stores and Others). The report
also includes SWOT analysis, value chain, market share of major players and
competitive landscape including company profiles for major players (Aqua Lung
International, Johnson Outdoors, Sherwood Scuba, Cressi Sub, American
Underwater Products, Beuchat International and Dragerwerk AG & Co. KGaA),
analyst recommendation in great detail.
The report facilitates the readers with the identification and
in-depth analysis of the existing and future trends and issues that impacts the
industry and has anticipated growth in the future depending upon changing
industry dynamics in coming years. The report is useful for water sports equipment
manufacturers, scuba diving equipment manufacturers, distributors, specialty
sporting goods stores, department stores, e-commerce portals, customers and
other stakeholders to plan their market centric strategies in accordance with
the ongoing and expected trends in the future.
Market Size
Market
Overview: International tourist arrivals and
international tourism expenditure has been increasing at a steady pace over the
review period (2012-2017), globally. Coupled with an increase in interest of people
towards soft adventure sports, rising popularity of scuba diving &
adventure sports and growing awareness regarding numerous fitness-benefits of
opting scuba diving has supported growth in this industry. Americas has been
the biggest market in terms of expenditure incurred by consumers in scuba
diving equipment’s followed by Europe, APAC and Middle East & Africa.
Increase in demand has also been affected by growing base of Millennial, higher
disposable income in major markets, presence of well-established players and
expanded distribution network in new regions/countries.
Market Size: Low training cost and increase in variety of
scuba diving equipments available in the market, primarily in terms of size,
quality, capacity and utility have been the major growth drivers for the
industry. Major players have been using diverse product portfolios and
aggressive marketing & sales strategies to position themselves in the
market. This has helped the market to grow at a CAGR of close to 2% during
2012-2017. Increased trade has been observed amongst major producing and
consuming countries. Several leading manufacturers have invested huge amount in
research & development segment to foster product innovation to increase
durability and sturdiness of Scuba Diving equipments.
By Equipment: BCD’s and regulators have been the leading
category of equipment in the market in 2017. These equipments are bought by scuba
diving professionals, retail/recreational clients as well as by large-scale and
small scale scuba diving camps and training institutes in large quantities. The
average price of a BCD may range from USD 400 to USD 700 and regulators may
cost between USD 350 to USD 1,000. The second largest category of equipments
was cylinders and diving propulsion vehicle in 2017. This was followed by
decompression chambers, exposure suits and other accessories holding equal
share in the market.
By Region: The global Scuba Diving equipment market has
been dominated by Americas in the year 2017. The region occupies the largest
share owing to the presence of numerous elongated coastline, well-established
water sports infrastructure and large number of Scuba Diving enthusiasts. In
the recent years, Scuba Diving has been adopted as a recreational activity
along with being taken-up professionally. Europe accounted for the second
largest share in the Scuba Diving equipment market. The presence of increased
number of water sporting sites across Europe makes it the second-largest
revenue contributor. APAC region also witnessed growth in demand with an
increase in both consumption and production especially in Australia, South
Korea and New Zealand. Middle East and Africa has accounted for the lowest
share in the market.
By
Distribution Channel: Company Stores
and Specialty Stores have dominated the market in 2017. This sales channel has
been highly popular since major large scale manufacturers of Scuba Diving
equipments usually operate through own brand stores that exclusively sell
equipments of their brand. The purchase of sports equipments online has been
gaining high popularity in the recent years. Online stores have been the second
highest contributor in 2017. Some of the major online retailers selling sports
equipments are Amazon and Alibaba. Hypermarkets including Walmart and Tesco held
third highest share in the market.
Competition in the global Scuba Diving
equipment market is highly fragmented due to the presence of large number of
regional players. In the Americas, the competition is concentrated. Various manufacturing
facilities are based in this region leading to large exports to various
developing countries. It is a similar scenario in Europe. France and Italy have
been major manufacturing hotspots. The major players in the market carry out
both manufacturing as well as trading. Competition in APAC and Middle East
& Africa is still in the growing phase & highly fragmented. Japan,
Taiwan and Australia are popular manufacturing destinations. There are about 15-20
major Scuba Diving equipment manufacturers operating in the global market.
Global Scuba Diving equipment market has been
anticipated to showcase a sound growth at a CAGR of close to 4% during the
forecast period (2017-2022). Growth during this period is expected to be
supported by the rising popularity of Scuba Diving as a recreational and
profession activity, increase in the number of Scuba Diving championships, increase
in demand from tourists, increased awareness regarding fitness benefits of Scuba
Diving, expanding geographical presence of major manufacturers, intensifying
distribution channels, expansion of online retailing, new product launches, government
initiative to promote the usage of protective Scuba Diving equipments and
others.
For more
information on the research report, refer to below link:
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Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
sales@kenresearch.com
+91-9015378249
