Diving Suit Market 2025 Growing Worldwide By Best Key players- Aqua Lung; Beuchat; Cressi; MARES; Omer America; Riffe International, Inc.; ROB ALLEN; SALVIMAR srl; SCUBAPRO; SHEICO Group; and XCEL
The global diving suit
market
size is expected to reach USD 721.0
million by 2025, expanding at a CAGR
of 5.5% over the forecast period, according to a new report by Grand View
Research, Inc. Rising number of individuals participating in watersports across
the globe is anticipated to propel market growth over the forecast period.
Continuous innovations in material technology by market players have resulted
in increased customer inclination toward the product.
The advent and
adoption of polytherm tri-laminate material and no-stitch technology in diving
gear is expected to offer numerous opportunities for industry players. It will
support companies to differentiate their product offering and provide better
diving experience. Such innovations are anticipated to encourage consumers to
replace their existing suits with improved versions. Increasing adoption of
atmospheric suits for deep sea exploration is another trend that is gradually
gaining prominence among consumers looking for a recreational dive.
Additionally, such suits are gaining prominence across various end-use
industries including oil and gas, military, and navy.
The trend of
women participation in diving has been on a continuous rise over the past
decade. Women are actively participating in almost every area where diving is
required, including military and naval forces. Manufacturers are focusing on
development of user-friendly and lightweight water sports wear, in order to
enhance women’s preference toward their products. Such developments, coupled
with rising female participation in water sports, have led market players to
develop diving suits exclusively for women. It will thereby expand their
product portfolio for the masses.
Growing number of
people engaging in recreational activities globally is expected to drive demand
for diving suits over the forecast period. These suits are gaining immense
popularity owing to their diversified applications in sea rescue and other
commercial operations. The market has been witnessing continuous product
developments and innovations in material technology over the last few years.
Manufacturers are investing in R&D in order to enhance the overall consumer
experience. Rising adoption of modern materials and technologies, including
polytherm tri-laminate material and no-stitch technology, is expected to impel
market growth. Advent of modern-day diving suits is driving demand among
consumers.
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Growing interest
in watersports is one of the prominent factors driving the market. Snorkeling
and scuba diving are becoming an integral part of recreational activities,
particularly among adventure and soft sports enthusiasts. Many government
bodies worldwide are promoting watersports in their regions to increase tourism
revenue. Such promotional campaigns run by various tour operators and
governments are expected to augment market growth over the forecast period.
Further key
findings from the report suggest:
- Rise in the number of scuba
divers in the U.S. is anticipated to drive diving suit market growth in
North America
- Key manufacturers worldwide are
focusing on development of superior suits that facilitate deep under-water
explorations, without impacting the physiology of underwater living
organisms
- Asia Pacific is anticipated to
emerge as a lucrative market over the coming years primarily due to rising
participation in recreational water sports, coupled with considerable
increase in diving tourism, especially in Southeast Asian countries
- Demand in Middle East and Africa
is expected to witness considerable growth over the next few years as the
region encompasses a large number of diving sites, particularly in coastal
regions with warmer seas.
Aqua Lung;
Beuchat; Cressi; MARES; Omer America; Riffe International, Inc.; ROB ALLEN;
SALVIMAR srl; SCUBAPRO; SHEICO Group; and XCEL are some of the prominent
players operating within the market. New product development is among the key
strategies implemented by these companies to overcome intense competition. In
February 2018, SCUBAPRO introduced its new cold water collection of diving dry
suits in order to expand its product line. In 2017, Sheico Group launched eco-friendly
wet suits, embedded with green technologies for diversifying its offerings.
In addition,
players in the global market are focusing on making considerable investments in
R&D for developing superior as well as low-cost products to gain a competitive
edge. These growing R&D initiatives are expected to help them expand their
market presence in the coming years. Additionally, they are offering various
suits ranging from thickness of 2mm to more than 9mm to augment their product
portfolio and diversify their offerings.
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