Recreational Pressure Vessels Market by Application Type (SCUBA and Paintball), Pressure Vessel Type (Type I, Type II, and Type III), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
Recreational Pressure Vessels Market by Application Type (SCUBA and Paintball), Pressure Vessel Type (Type I, Type II, and Type III), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The U...
"The global recreational pressure vessels market was estimated to grow at a healthy CAGR of 4.3% over the next five years to reach US$ 201.3 million in 2026."
Recreational pressure vessels include SCUBA (Self-Contained Underwater Breathing Apparatus) diving and paintball game pressure vessels. SCUBA pressure vessel is a small yet very strong vessel that holds a large volume of compressed gas which can be regular filtered air or enriched air nitrox (with higher oxygen and lower nitrogen content) or trimix required by a SCUBA diver during diving. On the other hand, paintball pressure vessels provide the pressure source to power a paintball gun. Carbon dioxide and compressed air are the two types of gases used in a paintball pressure vessel.
The recovery in the tourism industry and the relaxation of travel restrictions, the market is likely to gain momentum. Also, the long-term outlook seems to be loaded with promising growth opportunities, driven by the increasing expenditure on recreational activities and inclination towards the marine and coastal tourism of people all across the globe. Considering the recuperation of the SCUBA diving industry and pick up in recreational activities.
The COVID-19 pandemic brought grievous consequences for the entire world, disrupting various industries all across the globe. The SCUBA diving industry was among the worst-hit ones, due to the implementation of lockdown, travel restrictions, and job losses. The pandemic devastated the entire tourism industry and brought immense loss to the SCUBA diving industry stakeholders.
"SCUBA segment accounted for the largest market share."
The market is bifurcated into SCUBA and paintball. Despite witnessing a massive plunge in 2020, SCUBA dominated the market in the year 2020 and is expected to maintain its unquestionable position during the forecast period as well. Type-I pressure vessel rules the SCUBA diving tanks with more than 90% share. The increasing inclination of people towards amusement and recreational activities has caused a positive impact on the diving industry, which is a major reason for the dominance of the segment.
Pressure Vessel Trends
"Type-I segment accounted for the largest market share."
The market is segmented into type-I pressure vessels, type-II pressure vessels, and type-III pressure vessels. Type-I led the recreational pressure vessel market in 2020, due to its huge dominance in both, SCUBA as well as paintball game applications. For paintball application, the type-III pressure vessel is expected to exhibit the highest growth during the forecast period as it can hold more pressure which allows more shots per pressure vessel compared to the type-I pressure vessels.
Regional Insights
"Asia-Pacific accounted for the largest market share."
Asia-Pacific is expected to remain the largest as well as fastest-growing recreational pressure vessels market during 2021-26. China, Australia, and South-East Asia are the major contributors to the region’s dominant position. These countries have huge incoming tourists coupled with an increased willingness to spend on experiential and recreational activities.
The following are the key players in the recreational pressure vessels market:
Catalina Cylinders
Cylinders Holding Group
Eurocylinder systems AG
FABER INDUSTRIE SPA
Luxfer Holdings PLC
Metal Mate Co., Ltd.
Shanghai Qilong High Pressure Container Co., Ltd.
Shenyang Gas Cylinder Safety Technology Co., Ltd.
TriMas Corporation
Worthington Industries, Inc.
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Recreational Pressure Vessels Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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10% free customization
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories:
By ApplicationType
SCUBA
Paintball
By Pressure Vessel Type
Type I
Type II
Type III
By Region
North America
Asia-Pacific
Europe
Rest of the World
Report – Features
Market Segmentation
3
Regions Covered
4
Countries/Sub-Regions Covered
14
No. of Figures & Tables
>150
Company Profiles
10
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s recreational pressure vessels market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
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Detailed profiling of additional market players (up to three players)
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Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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Recreational pressure vessels include SCUBA (Self-Contained Underwater Breathing Apparatus) diving and paintball game pressure vessels. SCUBA pressure vessel is a small yet very strong vessel that holds a large volume of compressed gas which can be a regular filtered air or enriched air nitrox (with higher oxygen and lower nitrogen content) or trimix required by a SCUBA diver during diving. On the other hand, paintball pressure vessels provide the pressure source to power a paintball gun. Carbon dioxide and compressed air are the two types of gases used in a paintball pressure vessel.
The recovery in the tourism industry and relaxation on travel restrictions, the market is likely to gain momentum. Also, the long-term outlook seems to be loaded with promising growth opportunities, driven by the increasing expenditure on recreational activities and inclination towards the marine and coastal tourism of people all across the globe. Considering the recuperation of the SCUBA diving industry and pick up in recreational activities.
By Application Type (SCUBA and Paintball), by Pressure Vessel Type (Type I, Type II, and Type III), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
