Increasing urbanization, rising globalization, evolving lifestyles, changing demographics, increasing awareness of new scuba diving products, rising disposable income, growth in outdoor vacations and use of updated technology in product designing were regarded as the drivers of growth for the year 2012-2017.
The report titled “Global Scuba Diving Equipment Market Outlook to 2022 – by Equipments (BCD’s & Regulators, Cylinders & Propulsion Vehicle, Decompression Chamber, Exposure Suits and Accessories), by Region (Americas, Europe, APAC & MEA), by New Demand & Existing Demand, by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets and Others)” by Ken Research believes that rise in stringent government regulations regarding proper usage of protective gears and wetsuits have aided market growth in global scuba diving equipment market.
Global Scuba diving equipment market displayed a moderate growth in terms of consumer expenditure driven by rising demand for underwater photography, surge in the number of tourists both domestic and international worldwide, rising interests among the people for recreational water sports activities and healthy lifestyle and others. During 2012-2017, the largest market for scuba diving is Americas, owing to the abundance of water bodies and increased presence of scuba diving enthusiasts in the region. It was followed by Europe, APAC and MEA. Scuba diving is considered as one of the most dangerous water sports, due to which the governments of developing European countries such as UK, Spain, Greece and others have strictly mandated the use of protection gear and right equipments before performing the sport. This has raised the market for scuba diving equipments during the year 2012-2017. The new buoyancy compensators, which can provide a more buoyant lift than standard buoyancy converters, were also becoming increasingly popular among regular divers towards the end of the year 2017.
The market is expected to experience more of the major players competing on technological advancements. In the coming years, the market is expected to see a rise in the number of innovative products and scuba diving accessories. The technological advancement in products such as coming up of ORB re-breather helmet which filters and concentrate oxygen from surrounding water and the diver need not to carry oxygen cylinder will drive the market of scuba diving equipments in future. Moreover, the helmet is also fitted with Bluetooth technology to allow divers to communicate with each other.
For more information on the research report, refer to below link:
Ankur Gupta, Head Marketing & Communications