Globally Diving Market Market Overview:
Rapid growth in the popularity of diving drives the market growth. Diving is one of the most exciting sports in the world. Diving is a prevalent leisure activity enjoyed by millions worldwide and can be practiced in a variety of water bodies, including oceans, lakes, and rivers, offering a unique opportunity to explore the underwater world and observe marine life. Diving offers several opportunities to explore and appreciate the underwater world, observe marine life, and conduct environmental research. diving offers several benefits such as improved physical fitness, reduces stress and anxiety, and improves breathing among others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Popularity of Diving Destinations
Market Growth Drivers:
Rapid Growth in the Popularity of Diving and The diving equipment market experiences a surge in popularity around the world, as more and more travelers seek to enhance their coastal vacations
Challenges:
Safety and Health Concerns
Restraints:
Rise in Decompression Sickness
Opportunities:
Technological Innovation Such as Self Driving Cars, Underwater Video Systems, Google Glass, Etc.
Competitive Landscape:
Diving Market is a fragmented market due to the presence of various players. The players are focusing on developing and originating innovative technology such as self-driving cars, underwater video systems, google glass, etc. The companies are also planning strategic activities such as product launches, collaborations, mergers, and acquisitions to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are Thai Subsea Services Ltd (Thailand), Brasal Marine Services (Cy) Ltd. (Cyprus), Divetech Marine Services Ltd (United Arab Emirates), Wärtsilä Underwater Services (Finland), Kt Commercial Divers Inc. (United States), Koumpios Hellas Divers Underwater Services (Greece), Randive Inc. (United States), Ulis Group (Morocco), Atlantis Marine Services Llc. (Turkey) and Deck's Diving Works (Ghana). Considering Market by Equipment’s, the sub-segment i.e. Buoyancy Control Device (BCD) will boost the Diving Market market. Considering Market by Depth, the sub-segment i.e. Recreational Diving will boost the Diving Market market.
Latest Market Insights:
On February 2022, Hamilton-based MidAtlantic Engineering Partners, LLC, a civil, environmental, and marine engineering and surveying firm, acquired ECM Engineers, Inc. The expanded capabilities of the combined firms under the MidAtlantic brand, will strengthen relationships within the regional port/bridge infrastructure community and provide customers with a greater depth and breadth of services.
What Can be Explored with the Diving Market Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Globally Diving Market Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Diving Market
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Globally Diving Market market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Diving Market market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.