Diving Suits Market
Global Diving Suits Market Size, Share & Trends Analysis Report by Product (Dry Suits, Semi-Dry Suits, and Wet Suits), by Price Range (Low-Priced, Moderately Priced, and High-Priced), and by Sales Channel (Online and Offline) Forecast Period (2021-2027)
The diving suits market is projected to propagate at a CAGR of 4.5% during the forecast period (2021-2027). Diving suits are apparel used in diving and other water sports to protect a diver in the underwater environment. The increased participation in recreational activities across the world is expected to drive the demand for diving suits from several end use segments, including water sports, underwater activities, military & rescue operations during the forecast period. The rise in diving centers has increased the number of institutional buyers.
The outdoor recreational industry is growing rapidly with the increasing inclination to relax, enjoy, explore new places, and undertake new outdoor activities. Outdoor activities are also witnessing a high surge in the US. As per The Outdoor Recreation Economy by the FAS (Federation of American Scientists), it was estimated that outdoor recreational activities contributed around $730 billion to the US economy in 2017. Further, with the changing pattern of customer expectations, the outdoor recreational industry has not only confined to hiking and camping but also has expanded to water sports activities. Water sports is considered as the most potential activity in the industry and is anticipated to grow exponentially with the increasing willingness toward water-based activities.
Segmental Outlook
The diving suits market is segmented based on product, price range, and sales channel. Based on product, the market is segmented into dry suits, semi-dry suits, and wet suits. Based on price range, the market is categorized into low-priced, moderately priced, and high-priced. Based on sales channel, the market is fragmented into online and offline. The online sales channel is expected to be the fastest growing segment for diving suits, during the forecast period. Diving suits are sold largely through vendors websites and online retailers. A lot of offline distributors are moving the sale process online by incorporating e-commerce solutions and enterprise resource planning systems. Buyers under online distribution channel majorly includes individual buyers and institutional buyers are quite few in number. However, online distribution has its drawbacks in terms of customer services, transparency, and trustworthiness.
Growing Interest in Watersports
The attraction toward watersports has increased in recent times. With a record number of participations in scuba diving in the US population, the popularity of sports is growing. For instance, the average participation recorded was over 8 times per year. In 2018, there were 2.8 million scuba diving participants in the US, which indicates a high interested in watersports activities. Therefore, the growth in the number of participants is likely to become a major diver for the diving suits market.
Regional Outlook
The global diving suits market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. In 2020, North America was the largest market for diving suits across the globe, in terms of revenue. The penetration of diving equipment is high in the US and Canada. Following North America was Europe, led by the UK, Germany, and France. The demand for diving suits in the European market is increasing, while upgrades in diving infrastructure and rising coastal tourism are also driving the market growth. Further, Western European economies are witnessing maturing markets with product saturation due to low product differentiation. However, the new demand is expected to emerge from the Central and Eastern European countries.
Global Diving Suits Market Growth, by Region 2021-2027
Market Players Outlook
The diving suits market is fragmented with many local and international market players. As consumers expect constant advances and upgrades in diving equipment, the rapidly changing marine environment may have a positive effect on vendors. The current situation pushes vendors to adjust and improve their value proposition to attain a good business presence. While the market is characterized by the presence of diversified international vendors and a few regional vendors, as foreign players will expand their market footprint, it would be increasingly difficult for regional vendors to compete with them, particularly in terms of advanced diving suits and customer base. The major key players in the market include Johnson Outdoors, Beuchat, Mares, and Aqua Lung. Consistent rise in product expansions, technical advances, and investments in product development are expected to further increase the industry competitiveness. All the key players in the market are now focusing on product development, market promotion to establish competitive advantage over other companies.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global diving suits market. Based on the availability of data, information related to the products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Aqua Lung International
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Beuchat
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Cressi S.p.A.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Johnson Outdoors Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. MARES
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.1. Opportunities
5. Market Segmentation
5.1. Global Diving Suits Industry Market by Product
5.1.1. Dry Suits
5.1.2. Semi-Dry Suits
5.1.3. Wet Suits
5.2. Global Diving Suits Market by Price Range
5.2.1. Low-Priced
5.2.2. Moderately Priced
5.2.3. High-Priced
5.3. Global Diving Suits Market by Sales Channel
5.3.1. Online
5.3.2. Offline
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Aqua Lung International
7.2. AQUATEC - DUTON INDUSTRY CO., LTD.
7.3. Beuchat
7.4. Billabong
7.5. Camaro GesmbH
7.6. Cressi S.p.A.
7.7. Dive Rite
7.8. Diving Unlimited International
7.9. H2Odyssey
7.10. Henderson Neosport
7.11. Huish Outdoors, LLC.
7.12. Johnson Outdoors Inc.
7.13. MARES
7.14. Northern Diver
7.15. O'Three
7.16. Ocean Rodeo
7.17. Otter Watersports Ltd.
7.18. Quiksilver, Inc.
7.19. SALVIMAR srl
7.20. Santi
7.21. Seac Sub S.p.a.Seac Sub S.p.a.
7.22. SHEICO Group
7.23. Tabata Co., Ltd.
7.24. Tilos Inc.
7.25. XcelWetsuits
1. GLOBAL DIVING SUITS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
2. GLOBAL DRY SUITS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL SEMI DRY SUITS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL WET SUITS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL DIVING SUITS MARKET RESEARCH AND ANALYSIS BY PRICE RANGE, 2020-2027 ($ MILLION)
6. GLOBAL LOW-PRICED MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL MODERATELY PRICED MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL HIGH-PRICED MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL DIVING SUITS MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2020-2027 ($ MILLION)
10. GLOBAL ONLINE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL OFFLINE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. NORTH AMERICAN DIVING SUITS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
13. NORTH AMERICAN DIVING SUITS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
14. NORTH AMERICAN DIVING SUITS MARKET RESEARCH AND ANALYSIS BY PRICE RANGE, 2020-2027 ($ MILLION)
15. NORTH AMERICAN DIVING SUITS MARKET RESEARCHAND ANALYSIS BY SALES CHANNEL, 2020-2027 ($ MILLION)
16. EUROPEAN DIVING SUITS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
17. EUROPEAN DIVING SUITS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
18. EUROPEAN DIVING SUITS MARKET RESEARCH AND ANALYSIS BY PRICE RANGE, 2020-2027 ($ MILLION)
19. EUROPEAN DIVING SUITS MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC DIVING SUITS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC DIVING SUITS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC DIVING SUITS MARKET RESEARCH AND ANALYSIS BY PRICE RANGE, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC DIVING SUITS MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2020-2027 ($ MILLION)
24. REST OF THE WORLD DIVING SUITS MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2020-2027 ($ MILLION)
25. REST OF THE WORLD DIVING SUITS MARKET RESEARCH AND ANALYSIS BY PRICE RANGE, 2020-2027 ($ MILLION)
26. REST OF THE WORLD DIVING SUITS MARKET RESEARCH AND ANALYSIS BY SALES CHANNEL, 2020-2027 ($ MILLION)
1. GLOBAL DIVING SUITS MARKET SHARE BY PRODUCT, 2020 VS 2027 (%)
2. GLOBAL DIVING SUITS MARKET SHARE BY PRICE RANGE, 2020 VS 2027 (%)
3. GLOBAL DIVING SUITS MARKET SHARE BY SALES CHANNEL, 2020 VS 2027 (%)
4. GLOBAL DIVING SUITS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
5. THE US DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
6. CANADA DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
7. UK DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
8. FRANCE DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
9. GERMANY DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
10. ITALY DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
11. SPAIN DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
12. ROE DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
13. CHINA DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
14. INDIA DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
15. JAPAN DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
16. SOUTH KOREA DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
17. REST OF ASIA-PACIFIC DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
18. REST OF THE WORLD DIVING SUITS MARKET SIZE, 2020-2027 ($ MILLION)
