“Global Diving Equipment Market was valued at $ 5.6 billion by 2029”, says Visiongain

23 September 2019
Maritime

Diving Equipment Market Report : Forecasts by Type (Rebreather, Exposure Suit, Decompression Chamber), Application (Commercial, Defense, Civil), End-User (Oil & Gas, Naval, Aquaculture), Depth (Recreational, Clearance, Saturation), by Region and Analysis of Leading Companies indicates that the Global Diving Equipment Market was valued at $ 5.6 billion by 2029

The diving equipment industry's development is attributed to an increase in industrial & construction activity combined with disposable revenue and an increase in coastal tourism. Government initiatives in travel & tourism growth & promotion combined with the advent of low-cost airlines have had a major impact on the worldwide tourism sector. Global tourism industry growth has a major effect on economic growth in multiple locations, particularly in mass tourist destinations such as coastal areas.

In addition, recreational diving is gaining significant popularity among tourists, backpackers, and honeymoon couples with the growth of multiple extreme sports. This increase in recreational market demand is expected to promote the diving equipment market's development. Sustainable aquatic environment practice, marine flora and fauna improvement is expected, and more recreational divers are expected to be attracted. This is expected to increase the diving equipment market's development.

The development of the diving equipment market is anticipated to drive a number of factors, such as rising disposable income and expenditure on recreational operations in developing countries and growing demand for professional divers in the oil and gas industry.

Due to technological innovations for the equipment and the existence of important players in the region, the North American region is anticipated to lead the market for diving equipment. Due to numerous projects linked to dive tourism and marine-related study activities that require frequent dives, the APAC diving equipment market is anticipated to develop at the largest CAGR. This development can also be ascribed to higher government spending on R&D projects and higher per capita earnings in developing countries.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Pulishes Marine Seismic Equipment & Acquisition Market Report 2021-2031

Our work identifies which organizations hold the greatest potential. Discover their capabilities, progress, and commercial prospects, helping you stay ahead.

29 March 2021

Read

Visiongain Publishes Recreational Boats Market Report to 2031

Factors such as government regulations regarding safety features, Companies focusing on reducing delivery and vehicle maintenance cost, increasing awareness and expenditure are some factors driving the recreational boats market.

17 March 2021

Read

Visiongain Publishes Marine Lighting Market Report to 2031

The global marine market is expected to recover at a steady pace, details about which has been provided in the report. However, reaching revenue equivalent to the pre-COVID levels will be a challenge in the near-term according to the visiongain’s estimate.

17 March 2021

Read

Visiongain Publishes Marine Solar Market Report 2021-2031

Although there is a high degree of preference for replacing fossil energy sources by their renewable equivalents aboard ships; the study of developing renewable infrastructures for marine transportation is still in its first steps. Application of solar energy in the marine power system is widely accepted as a promising solution for many countries to develop green ship.

28 January 2021

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever