Diving is an underwater recreational activity undertaken for leisure and enjoyment. Diving is an activity which requires use of different equipment for protection and hustle free diving. There are various products included in the diving equipment such as rebreather or regulator which absorbs the carbon dioxide of a user's exhaled breath and helps to rebreathe; cylinders and propulsion vehicle which helps to dive faster underwater; decompression chamber, which holds the internal pressure with the help of control the pressurized gas system and supply breathing gas to diver; exposure suits, which comes in two types: dry suit for commercial application and wet suit that protects the diver from water; and accessories such as headset/hood (headgear), watch, torch, knife, and others. 

The number of underwater projects in coastal areas is increasing for leisure and recreational activity. More and more consumers are opting for diving as their preferred recreational activity during their holiday. Underwater hotels, restaurants, and aquariums are the latest trend. These projects will boost the diving equipment market. Increasing coastal tourism across the globe has given an opportunity to manufacturers to boost their sales and supply the equipment to cater to the demand of consumers. Staying in a marine hotel, built underwater, to experience something new especially during winter is a growing trend among tourists. According to Sports and Fitness Industry Association, there were 6 million scuba divers globally and this number is set to increase. Increasing population across the globe has resulted in the increased production of petrol and crude oil products. Oil and gas refiners are using diving equipment for their employees who work in the production process. Exploration and production of oil and gas is done by offshore diving and this will result in the growth of the diving equipment market.

Navy is an important branch of a country’s armed forces and protects the country’s shores. Joint navy operations between two countries involve machinery and diving equipment. Naval military exercise help to strengthen the navy and will increase the usage of diving equipment. Manufacturers are innovating their products and introducing water proof digital gadgets for consumers such as dive computers, watches, and cameras to make diving smooth.

There are some restraints of diving equipment which can affect the demand for the product. Diving underwater can lead to injuries and health issues such as drowning, and bites and stings from various marine life, apart from sunburn and heat disorders, cuts and bruises, motion sickness etc. Diving without a professional instructor or supervision can even lead to the possibility of death. Designing of diving equipment is costly and it may refrain manufacturers from product development. Such restraints and disadvantage can impact the growth of the diving equipment market. 

The global diving equipment market can be segmented based on product type, application, depth, and region. Based on product type, the diving equipment market can be classified into rebreather, cylinder and propulsion vehicle, exposure suit, decompression chamber, and accessories. Based on application, the diving equipment market can be segmented into defense, commercial, and civil. Based on depth, the global diving equipment market can be classified into recreational diving, clearance diving, and saturation diving. Based on region, the diving equipment market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. 

Some of the key players in the global diving equipment market are Drägerwerk AG & Co. KGaA (Germany), Divex Ltd (U.K.), Aqua-Lung America Inc. (U.S.), Submarine Manufacturing & Products Ltd (U.K), Henderson Sport Group (U.S.), American Underwater Products, Inc. (U.S.), Johnson Outdoors Inc. (U.S.), Mares S.p.A (Italy), Mersen SA (Italy), and Cressi Sub S.p.A (Italy). 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Diving Equipment Market

Pre Book