Diving Equipment Market Report

Diving Equipment Market Insights

Diving Equipment Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Increase in the average income of the people, especially in emerging economies, such as India and Vietnam coupled with the dive tourism, majorly in the European region, is the prime factor underpinning the growth of the global diving equipment market.

Market Share Analysis

Wish to Get a Free Sample? Click here

Diving Equipment Market Share: By Type

Based on the type, the market is segmented as rebreather, cylinders and propulsion vehicle, exposure suit, decompression chamber, and accessories. The rebreather segment dominated the market in 2018, and is expected to continue its dominance during the forecast period. This growth is owing to the extensive usage of this equipment in two major application areas, namely, commercial and defense; and the fact that it can deliver air under high pressure underwater. Further, the exposure suit segment is estimated to command the market in the coming five years, driven by the need for changing these suits recurrently as these suits bear short life cycle. Moreover, damages caused by severe environments underwater also give way to frequent replacement of these suits.  

Diving Equipment Market Share: By End-User Type

Based on the end-user type, the market is segmented as oil & gas, naval, aquaculture, and others. The oil & gas industry is estimated to lead the market during the forecast period. In addition, it is expected to account for the largest share, owing to the expansion of oil rigs and search for new refineries, which call for skilled divers for challenging underwater tasks.

Diving Equipment Market Share: By Region

In terms of regions, North America held the largest market share of the diving equipment market in 2018, followed by Asia-Pacific. As diving activity is being carried out in the European region since the early 1900’s, the region’s market is mature for diving equipment. However, on the flip side, the growth of the diving equipment market in North America and Europe is estimated to be considerably low in the coming five years, driven by the decreased demand for diving equipment in these regions. While on the other hand, the Asia-Pacific’s diving equipment market is estimated to register the highest growth rate during the forecast period. This growth is due to the major expansion of oilfields in Australia and China, and opulent underwater marine life for exploration, coupled with expected government-funded research and development activities.

Know which region offers best growth opportunities. Click here

Diving Equipment Market: Key Players

Some of the major players in the diving equipment market are-

• Apollo Military
• Atlantis Dive
• Aqua Lung International
• Cobham PLC
• Divex Ltd.
• Drägerwerk AG & Co. KGAA
• Henderson Aquatics
• Honeywell International, Inc.
• Submarine Manufacturing & Products Ltd
• Underwater Kinetics.

Market Scope & segmentation

Diving equipment is used by the underwater diving so that diving can be experienced in a convenient and safer way. The equipment can be used by the divers for diving purposes or even at times for some other purposes depending upon the use.

Diving equipment can be of different types such as rebreather, propulsion vehicle, decompression chamber, exposure suits, and many others. Defense, commercial, and civil are the different application areas where diving equipment can be used.

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 diving equipment market is segmented into the following categories. 

Diving Equipment Market Size, Share, & Forecast, by Type:

• Rebreather
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Type Analysis: Military Rebreather and Commercial Rebreather)
• Cylinders and Propulsion Vehicle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Decompression Chamber (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Exposure Suits
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Type Analysis: Dry Suit and Wet Suit)
• Accessories
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Type Analysis: Headset/Hood, Watch, Torch, Knife, and Others)

Diving Equipment Market Size, Share, & Forecast, by Application Type:

• Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Civil (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Diving Equipment Market Size, Share, & Forecast, by Depth Type:

• Recreational Diving (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Clearance Diving (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Saturation Diving (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Diving Equipment Market Size, Share, & Forecast, by End-User Type:

• Oil & Gas Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Naval Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aquaculture Industry (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Diving Equipment Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Want to know the most attractive market segments? Click here

Research Methodology

This report offers high-quality insights and is the outcome of 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 book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conduct more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

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 the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by end-user type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.