Scuba Diving Equipment Market

Scuba Diving Equipment Market - Essential Items for Your Next Coastal Tourism Dive
Scuba diving is an underwater diving sport in which sportspersons carry a selfcontained underwater breathing tool called a scuba. The scuba diving equipment
consists of the regulators and Buoyancy Control Device (BCD), propulsion vehicle and
cylinder, decompression cuba diving equipment products are essential products for
scuba divers during underwater diving. Underwater diving is done for R&D,
recreational, defense, and maintenance purposes.
The scuba diving equipment market is expected to grow due to increasing industrial
and constructional activities. Additionally, increasing disposable income and attraction
toward coastal tourism will fuel the demand during the forecast period. Tourists
prefer to visit coastal areas especially during winters. The governments of all
countries are taking initiatives to promote tourism as it contributes a large chunk to
the GDP and helps governments to improve the economy. Increasing disposable
income and desire for recreational activities surges the demand for scuba diving
equipment. Scuba diving is more popular among youngsters, travelers, and
honeymooning couples. Development of extreme sports and desire to stay fit and
toned will further fuel the demand for scuba diving equipment during the forecast
period. Increasing efforts toward a sustainable aquatic environment is expected to
improve the marine flora and fauna and will drive the demand for during the
forecast period.
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The growth of scuba diving equipment may get hampered due to unfavorable climatic
conditions and strict government regulations related to safety and security. In lieu of
this, manufacturers are developing new products such as thermal wetsuits which
encourage sportspersons to enjoy scuba diving with comfort and ease. Thermal
wetsuits help them to maintain body temperature in extreme environments.
The major restraint for scuba diving equipment are coral bleaching and increasing
water temperature which is affecting the aquatic life. Moreover, due to various
awareness projects and events regarding marine conservation, diving is prohibited in
many sites which is expected to hamper the growth of the scuba diving equipment
market.
Another reason for the slow growth rate of the scuba diving equipment market is
accidents and deaths during scuba diving. Furthermore, scuba diving equipment are
expensive and unaffordable for a large number of people.
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The scuba diving equipment market is segmented based on type and distribution
channel. Scuba diving equipment, in terms of type is segmented into accessories,
cylinder, decompression chamber etc. Based on distribution channel, the scuba diving
equipment market is segmented as online stores and specialty stores (offline) and
others. Specialty stores are dominant suppliers of scuba diving equipment. These
stores are located in coastal regions, near the diving sites. The online segment is the
fastest growing segment, for example Amazon and Alibaba. The other segment
includes sporting goods retail outlets and supermarkets such as Walmart and
Decathlon.
The scuba diving equipment market is segmented into five regions: North America,
Europe, Asia Pacific, Middle East & Africa, and South America. North America holds
major share in the scuba diving equipment market. ASEAN countries such as the
Philippines and Indonesia are expected to have higher growth rate due to various
diving locations and growing interest for scuba diving among the people. Middle East
& Africa holds least share due to lack of natural water bodies. In Asia Pacific,
Australia holds major share due to presence of various water bodies.

Scuba Diving Equipment Market

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