Diving Watch Market

Diving Watch Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Diving watch, also known as dive watch or diver’s watch, are designed to handle the pressure at depths that divers dive to. Diving watches have at least 100 meter water resistance capacity. The watch includes a rotating bezel that shows the diver how long they have been underwater and it also shows depths of the diver. The straps on diving watches most commonly are made from rubber or stainless steel due to their resistance to seawater, humidity, and direct sunlight. They can also withstand pressure. Watches satisfying the standards of ISO 6425 are marked as diving or diver’s watch. The market is likely to see a significant increase in demand for diving watches during the forecast period.

Rise in awareness about leisure activities such as trekking, hiking, and diving among the people and increase in disposable income has led to rise in standard of living. This is likely to increase the demand for diving watches during the forecast period.
Diving watches have some key features such as illuminated dial, rotating dive bevel, gasket, helium escape value, and show depth to make them more comfortable to use underwater. These features are projected to increase the demand for diving watches.
With the increase in number of working women, manufacturers are coming up with new products and strategies specifically for women, which can propel the demand for diving watches. Manufacturers such as Garmin introduced a new product "Descent Mk2S," which targets women consumers as it has multiple features such as tracking menstrual cycles, pregnancy tracking, advanced sleep monitoring, etc. This factor is expected to drive the growth of the global diving watch market during the forecast period.

Increasing number of unorganized market players who provide low quality diving watches at a cheap price is likely to hamper the growth of the diving watch market during the forecast period.

In terms of region, the global diving watch market can be divided into North America, Europe, Asia Pacific, Middle & East Africa, and South America.
Country-level segmentation of the North America market involves forecast and analysis for the U.S., Canada, and Rest of North America. Country-level analysis and forecast of the Europe market includes historical and forecast analysis for the diving watch market in the U.K., Germany, France, and Rest of Europe. Country-level analysis and forecast for the Asia Pacific market includes major countries such as India, China, and Japan, besides Rest of Asia Pacific. Middle East & Africa country-level analysis and forecast for the diving watch market includes GCC countries, South Africa, and Rest of Middle East & Africa. The South America diving watch market is categorized into Brazil, and Rest of South America.
North America is the dominant global diving watch market due to the presence of large number of scuba divers and high purchasing power of consumers in the region. The U.S. holds major share in the North America market due to high standard of living.