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Outlook on the Diving Suit Global Market to 2026 - Impact Analysis of COVID-19

·9 min read

DUBLIN, Dec. 23, 2020 /PRNewswire/ -- The "Diving Suit Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

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The diving suit market by revenue is expected to grow at a CAGR of over 4% during 2021-2026.

The global market is witnessing a slew of innovations and technological developments. Over the years, the diving industry has observed advanced technology, aiming to increase safety and security.

Modern scuba kits are consistently evolving as new equipment and apparatus are emerging in the market. New technology is now making diving attractive to a wide range of people. The use of technology is not only limited to breathing equipment but also dive wear. Vendors have started manufacturing drysuits designed with revolutionary materials such as stockinette fabric coated with vulcanized rubber. These materials are not only lightweight but provide improved flexibility, safety, and warmth while deep-sea diving. Hence, increasing innovations in materials and applying new applications in suits are likely to drive the market.

The following factors are likely to contribute to the growth of the diving suit market during the forecast period:

  • Technological Development in Dive wear

  • Growth in Coastal Tourism

  • Establishment of Diving Centers

  • Adoption of Diving Kits in Water-based Activities

The study considers the present scenario of the diving suit market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global Diving Suit Market Segmentation

This research report includes a detailed segmentation by product, end-user, buyers, price, fabric, distribution, geography. Wet and semi-wet suits are largely used in free, scuba, skiing, boating, kayaking, treasure suit, cave diving, and other water sports-related activities. The demand for diving suits is expected to surge due to the increasing interest in water events and the growing number of centers. The rise in underwater explorations and expeditions to study marine life is propelling diving suit demand. The APAC semi-dry suit market is expected to grow at a significant rate during the forecast. APAC is anticipated to emerge as a profitable region for semi-dry suits. Moreover, the growing number of wave parks and artificial waves is expected to provide significant industry growth opportunities.

In terms of material, the neoprene segment is likely to dominate the market as the material is the main component of wetsuit outfits worn by surfers, divers, and other water sport enthusiasts. North America contributed 42% revenue share of the neoprene fabric segment and is expected to observe an incremental growth of over $45 million during 2021-2026. Although the demand for double-backed neoprene is growing, singled-backed neoprene continues its usage for several specific purposes. Rubber suits are conventional and are suited for commercial diving. However, with consistent product innovation and changing consumer requirements, the market is likely to decline during the forecast period.

The institutional segment is expected to generate over $488 million by 2026 on account of the growth in centers and diving certification institutes. Institutional buying is also increasing as people across the world are exploring water sporting activities. Besides, the growing number of water adventure parks, including artificial waves, increasing diving facilities, and water-based activities at resorts, are the key drivers for the institutional segment's growth.

Low and moderately-priced diving suits constitute the major revenue segments in the global diving suit market. These outfits are used in recreational activities such as surfing, kayaking, canoeing, skiing, free scuba, and other water-based activities. Emerging countries with diving destinations such as French Polynesia, Malaysia, Cuba, Oman, Norway, and Tanzania are becoming the most potential markets. Oman is gaining popularity in the Middle East & Africa region. The moderately-priced segment is expected to reach a revenue of over $418 million by 2026. The increased tourist participation in water-based activities such as scuba, snorkeling, and other activities is likely to increase moderately-priced suits' demand. The high priced segment is witnessing popularity among divers as specialized suits offer added features such as sealing, stitching, and flexibility.

Water sports activities are becoming part of national and international games, surging global diving suit market growth. The rise in water-based activities such as water boating, water skiing, water surfing, scuba, free-diving, and other water surfaces and underwater activities increases the number of diving destinations. Increased activities by research centers and exploration institutes are likely to influence the growth of underwater diving outfits. As the explorer team has to go underwater to conduct physical studies and examine flora and fauna, the demand for specialized outfits is projected to grow.

Key Questions Answered
1. What is the size of the global diving suit market in 2026?
2. Which government regulations are likely to challenge the growth of key market players?
3. What are the major challenges likely to affect the growth of the diving suit market?
4. What are key opportunities for prominent vendors to gain success and profitability?
5. Who are the leading manufacturers in the diving suit market?

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.1 Impact Of COVID-19

8 Market Opportunities & Trends
8.1 Inclusion Of Advanced Technology In Dive Gear
8.2 Growth Of Coastal Tourism
8.3 Rise In Deep-Sea Exploration And Increase In Naval Admissions

9 Market Growth Enablers
9.1 Establishment Of Diving Centers
9.2 Growing Interest In Watersports
9.3 High Adoption Of Diving Kits In Water-Based Activities

10 Market Restraints
10.1 Marine Disruption Due To Increased Water-Based Activities
10.2 Availability Of Suit Rental Services

11 Market Landscape
11.1 Market Overview
11.2 Five Forces Analysis

12 Product
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Wet Suits
12.4 Drysuits
12.5 Semi-Dry Suits

13 Fabric
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Neoprene
13.4 Hybrid & Others

14 End-Use
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Water Sports
14.4 Underwater Activities
14.5 Military & Rescue Operations

15 Buyers
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Institutional
15.4 Individual

16 Price
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Low Priced Suits
16.4 Moderate Priced Suits
16.5 High Priced Suits

17 Distribution
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Offline
17.4 Online

18 Geography
18.1 Market Snapshot & Growth Engine
18.2 Geographic Overview

19 North America
19.1 Key Highlights
19.2 Market Overview
19.3 Product
19.4 Fabric
19.5 Price
19.6 Buyer
19.7 End-Use
19.8 Distribution
19.9 Key Countries
19.10 US
19.11 Canada

20 Europe
20.1 Key Highlights
20.2 Market Overview
20.3 Product
20.4 Fabric
20.5 Price
20.6 Buyer
20.7 End-Use
20.8 Distribution
20.9 Key Countries
20.10 UK
20.11 Germany
20.12 France
20.13 Italy
20.14 Nordic

21 APAC
21.1 Key Highlights
21.2 Market Overview
21.3 Product
21.4 Fabric
21.5 Price
21.6 Buyer
21.7 End-Use
21.8 Distribution
21.9 Key Countries
21.10 CHINA
21.11 Japan
21.12 Australia & New Zealand
21.13 India
21.14 South Korea

22 Latin America
22.1 Key Highlights
22.2 Market Overview
22.3 Product
22.4 Fabric
22.5 Price
22.6 Buyer
22.7 End-Use
22.8 Distribution
22.9 Key Countries
22.10 Brazil
22.11 Mexico
22.12 Argentina

23 Middle East & Africa
23.1 Key Highlights
23.2 Market Overview
23.3 Product
23.4 Fabric
23.5 Price
23.6 Buyer
23.7 End-Use
23.8 Distribution
23.9 Key Countries
23.10 Gulf Cooperation Council (GCC)
23.11 Egypt

24 Competitive Landscape
24.1 Competition Overview

25 Key Company Profiles
25.1 Johnson Outdoors
25.2 BEUCHAT
25.3 Mares
25.4 Aqua Lung

26 Other Prominent Vendors
26.1 Diving Unlimited International
26.2 H2ODYSSEY
26.3 Aquatec (Duton Industry Co., Ltd)
26.4 Sheico Group
26.5 Bare Sports
26.6 Santi
26.7 Hollis
26.8 Neosport
26.9 Tilos
26.10 Ocean Rodeo
26.11 Tusa
26.12 Henderson Divewear
26.13 Seac
26.14 Otter Drysuits
26.15 Billabong
26.16 Northern Diver
26.17 Quicksilver
26.18 Salvimar
26.19 Riffe
26.20 Xcelwetsuits
26.21 Camaro
26.22 O'THREE
26.23 Aqualand Limited
26.24 Predator Drysuits
26.25 Gul
26.26 Akona
26.27 Snugg
26.28 C-Skins
26.29 Typhoon Interntional Limited
26.30 Fourth Element
26.31 Waterproof
26.32 Beaver
26.33 Aropec
26.34 Nippon Sensuiki

27 Report Summary
27.1 Key Takeaways
27.2 Strategic Recommendations

28 Quantitative Summary
28.1 Market By Geography
28.2 North America
28.3 EUROPE
28.4 APAC
28.5 Latin America
28.6 Middle East & Africa
28.7 Product
28.8 FABRIC
28.9 End-Use
28.10 Price
28.11 Buyers
28.12 Distribution

29 Appendix
29.1 Abbreviations

For more information about this report visit https://www.researchandmarkets.com/r/37xe40

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