What is Scuba Equipment Market?
The scuba equipment is the dive gears that help an underwater diver to remain underwater for a long duration of time, along with enhancing the visibility in the water. The growth of the tourism industry in coastal countries and increasing demand for divers in the oil & gas industry are the major factors driving the growth of diving equipment market globally.
The market study is being classified by Type (Rebreather, Exposure Suit, Decompression Chamber, Cylinders and Propulsion Vehicle, Exposure Suits and Accessories), by Application (Commercial, Civil and Defense) and major geographies with country level break-up.
Cobham plc (United Kingdom), Drägerwerk AG (Germany), James Fisher and Sons plc (Scotland), Aqua Lung International (United States), American Underwater Products (United States), Honeywell International, Inc. (United States), Johnson Outdoors Inc. (United States), Submarine Manufacturing & Products Ltd (United Kingdom), Submarine Manufacturing & Products (United Kingdom), Underwater Kinetics (United States), Apollo Military (Australia) and Henderson Aquatics (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are MARES (Italy), James Fisher (United Kingdom), Haux-life-support GmbH (Germany) and SeaNet SA (Switzerland).
The global scuba equipment market is highly competitive in nature, owing to the emergence of new technological advancements within the diving industry. New product innovation and technological advancements are the most adopted strategies among the key market players. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Scuba Equipment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Scuba Equipment market by Type, Application and Region.
On the basis of geography, the market of Scuba Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Preference for Water Sports across the World
- Rising Government Initiatives in Marine Research and Other Professional Diving Activities.
Market Trend
- Increasing Trend of Professional Diving for Underwater Filming & Documentary Making Globally
Restraints
- High Cost of Scuba Equipment
- Limited Adoption Rate in Developing Nations
Opportunities
- New Product Innovation and Technological Advancements
- Growth of the Tourism Industry in the Asian Pacific and the Middle East Countries
Challenges
- Limited Range of Platforms for Diving Equipment and the Occurrence of Several Diving Accidents
"IMCA publishes detailed guidance and audit documentation in relation to diving equipment. The key documents are code of practice for the initial and periodic examination, testing and certification of diving plant and equipment. The code gives examples of good practice and provides advice on the ways in which inspection and testing of diving plant and equipment should be carried out."
Key Target Audience
Scuba Equipment Manufacturers, Raw Material Suppliers/Distributors, Scuba Equipment Suppliers/Distributors, Government Regulatory Bodies, Diving Service Providers, End Users and Other