Dry Suits Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Global Dry Suits Market – Apparel to protect a user from water 

• A dry suit is an apparel that is worn by the user to protect himself/herself from water and obtain thermal insulation. The key function of a dry suit is to prevent infiltration of water.
• In general, dry suits are highly uncomfortable in hot or warm air and tropical climates.
• Prominent components of a dry suit include a shell, seals, and waterproof entry. The shell is made of a watertight material, while seals are placed at the neck and the wrist to prevent entry of water. Watertight zippers are used for entering and exiting a dry suit.

Global Dry Suits Market: Dynamics

Rise in professional and amateur diving activity worldwide raising the sale of dry suits

• Across the world, there has been rise in the professional as well as amateur diving activity over the last few years. This is increasing the number of divers and, in turn, it is increasing the sale of dry suits. Due to global uncertainties, defense expenditures across the world have been rising. This factor is also fueling the demand for dry suits globally.

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Global Dry Suits Market: Regional

North America to hold a prominent share of the Global Dry Suits Market

• Geographically, the global dry suits market can be bifurcated into five regions: North America, Europe, Asia Pacific, Middle East & Africa and South America
• North America region is broken down and analyzed at country-level including the U.S., Canada, and Rest of North America. The dry suits market in Europe when broken down to country level includes Germany, France, the U.K. and Rest of Europe. On a similar note Asia Pacific dry suits market include China, Japan, India and Rest of Asia Pacific. Middle East & Africa dry suits market analysis include GCC countries, South Africa and Rest of Middle East & Africa. The South America dry suits market is bifurcated into Brazil and Rest of South America.
• North America is anticipated to be the prominent dry suits market due to large number of both professional and amateur divers in the region.
• Asia Pacific is expected to be the fastest growing market during the forecast period due to rise in adoption of diving activities in China, India, etc. 

Global Dry Suits Market: Competition Landscape

There is strong competitive rivalry among global and regional dry suits market players. Global dry suits market players are expanding their business across various regions to fulfil the demand of consumers. A few of the key players operating in the global dry suits market are:

Typhoon International

Typhoon International follows new product launch strategy to increase its revenue in dry suits market. For example in August 2019, the company launched dry suits for 2020 such as PS440 Hinge Entry Suit, MS Rapid Back Entry System Suit and Ezeedon 4 Suit, etc.     

• Diving Unlimited International
• Baresports    
• Huish Outdoors
• Patagonia
• Quiksilver
• Body Glove
• Magic Marine
• Johnson Outdoors Inc.
• Seacsub SPA

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Global Dry Suits Market: Segmentation

The global dry suits market can be segmented based on:

• Gender
• Material
• Entry
• Application
• Distribution Channel
• Region

Global Dry Suits Market, by Gender

• Male
• Female

Global Dry Suits Market, by Material

• Trilaminate
  • Polyester Trilaminate
  • Nylon Trilaminate
  • Others (Butyl Rubber, Polyurethane, etc.)
• Neoprene
• Others (Bilaminate, Kevlar, Hybrid, etc.)

Global Dry Suits Market, by Entry

• Front Zip
• Back Zip

Global Dry Suits Market, by Application

• Sports
• Military
• Public Safety

Global Dry Suits Market, by Distribution Channel

• Online
• Offline

The report on the global dry suits market is a compilation of firsthand information, qualitative and quantitative assessment by market analysts, and inputs from market experts and market participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness of each segment. The report also maps the qualitative impact of various factors on segments of the dry suits market across different regions.

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.