Market Size of Global Scuba Diving Equipment Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 2.15 Billion |
Market Size (2029) | USD 2.56 Billion |
CAGR (2024 - 2029) | 3.55 % |
Fastest Growing Market | South America |
Largest Market | Asia |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Scuba Diving Equipment Market Analysis
The Global Scuba Diving Equipment Market size is estimated at USD 2.15 billion in 2024, and is expected to reach USD 2.56 billion by 2029, growing at a CAGR of 3.55% during the forecast period (2024-2029).
The scuba diving equipment market has experienced steady growth, driven by increasing interest in adventure sports, rising disposable incomes, and a growing tourism industry. Scuba diving involves exploring underwater environments using self-contained underwater breathing apparatus (SCUBA) equipment. It has gained popularity among recreational, professional, and even underwater researchers.
In recent years, there has been a focus on developing innovative and eco-friendly gear that minimizes the impact on marine environments. Sustainable practices and materials are becoming more prevalent in the industry, aligning with the growing awareness of environmental conservation. The market is also affected by developments in technology, such as improved diving equipment features, underwater communication systems, and enhanced safety measures. These technological developments contribute to a safer and more enjoyable diving experience.
Scuba Diving Equipment Industry Segmentation
Scuba diving equipment, which is also known as underwater diving gear, facilitates, eases, and improves the safety of diving operations. Underwater divers utilize diving equipment. The research covers a comprehensive background analysis of the scuba diving equipment market, including an evaluation of the parental market, developing trends by segments and regional markets, notable shifts in market dynamics, and a market overview. The report covers scuba diving equipment market statistics, and it is segmented by product, which includes regulators and rebreathers, bags and apparel, and gauges and dive computers; by distribution channel, including e-commerce, supermarkets and hypermarkets, and specialty stores; and by geography, including North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. The report offers market size and forecasts for the scuba diving equipment market in terms of revenue (USD) for all the above segments.
By Product | |
Regulators and Rebreathers | |
Bags and Apparel | |
Gauges and Dive Computers |
By Distribution Channel | |
E-commerce | |
Hypermarkets and Supermarkets | |
Specialty Stores |
Geography | |||||
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Global Scuba Diving Equipment Market Size Summary
The scuba diving equipment market is experiencing consistent growth, fueled by a rising interest in adventure sports, increased disposable incomes, and a burgeoning tourism sector. This market encompasses a wide range of products used for exploring underwater environments, including self-contained underwater breathing apparatus (SCUBA) gear. The popularity of scuba diving has surged among recreational divers, professionals, and underwater researchers. Recent trends in the industry highlight a shift towards innovative and eco-friendly equipment, reflecting a growing commitment to environmental conservation. Technological advancements, such as enhanced safety features and underwater communication systems, are further enhancing the diving experience, making it safer and more enjoyable.
The expansion of e-commerce has significantly transformed the scuba diving equipment market, allowing retailers to reach a global audience and offering consumers a diverse range of products. Online platforms provide detailed product information and customer reviews, which have been instrumental in building trust and encouraging purchases. The South American region, with its rich marine ecosystems, has seen a rise in tourism and scuba diving activities, driving demand for diving equipment. The market is characterized by fragmentation, with major players like Aqua Lung International and Huish Outdoors leading in market share, while smaller companies are gaining ground through innovation and strategic partnerships. Recent collaborations, such as those between Scuba.com and 7TILL8 Custom Wetsuits, and Aggressor Adventures and Mares, highlight ongoing efforts to expand market presence and enhance product offerings.
Global Scuba Diving Equipment Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Interest in Adventure Sports
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1.2.2 Booming Tourism and Travel Industry
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1.3 Market Restraints
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1.3.1 High Costs of Scuba Diving Equipment Restraining the Market
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1.3.2 Safety Concerns is Restraining the Market
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1.4 Market Opportunities
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1.4.1 Growing Demand for Specialized Scuba Diving Equipment
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1.5 Industry Value Chain Analysis
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1.6 Porter's Five Forces Analysis
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1.6.1 Bargaining Power of Suppliers
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1.6.2 Bargaining Power of Buyers
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1.6.3 Threat of New Entrants
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1.6.4 Threat of Substitutes
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1.6.5 Intensity of Competitive Rivalry
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1.7 Insights on Government Regulations and Initiatives
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1.8 Insights on Scuba Diving in Military Operations
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1.9 Insights on Industrial (Commercial) Divers
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1.10 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Regulators and Rebreathers
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2.1.2 Bags and Apparel
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2.1.3 Gauges and Dive Computers
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2.2 By Distribution Channel
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2.2.1 E-commerce
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2.2.2 Hypermarkets and Supermarkets
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2.2.3 Specialty Stores
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.4.1 Brazil
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2.3.4.2 Peru
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2.3.4.3 Rest of Latin America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 United Arab Emirates
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2.3.5.3 Rest of Middle East & Africa
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Global Scuba Diving Equipment Market Size FAQs
How big is the Global Scuba Diving Equipment Market?
The Global Scuba Diving Equipment Market size is expected to reach USD 2.15 billion in 2024 and grow at a CAGR of 3.55% to reach USD 2.56 billion by 2029.
What is the current Global Scuba Diving Equipment Market size?
In 2024, the Global Scuba Diving Equipment Market size is expected to reach USD 2.15 billion.