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.
To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/diving-suit-market
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.
Grand View Research has segmented the global diving suit market by price bracket and region:
Diving Suit Price Bracket Outlook (Volume, Thousand Units; Revenue, USD Million, 2015 - 2025)
Less than $199
$200-$399
$400-$599
$600-$800
Above $800
Diving Suit Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2015 - 2025)
North America
U.S.
Canada
Europe
Germany
U.K.
Denmark
Norway
Sweden
Asia Pacific
China
India
Australia
New Zealand
Latin America
Brazil
Mexico
Middle East & Africa
Egypt
Jordan
South Africa
Tanzania
"The quality of research they have done for us has been excellent..."