During 2015, snorkels were the largest revenue generating segment in the global market with a revenue of around $514 million.
Technavio has announced its latest market research report on snorkeling equipment for the forecast period, 2016-2020. This market analysis, under the outdoor gear vertical, discusses the major drivers and key emerging trends that will influence the growth of the global snorkeling equipment market during the forecast period. Some of the top vendors listed in this industry analysis include Aqua-Lung, Cressi Sub, Seavenger, and Tabata.
In terms of geographical analysis, the Americas is expected to continue its domination over the global market and is expected to reach revenues of almost $671 million by 2020. The US will emerge as the key revenue-generator.
“The introduction of dry top technology snorkels is one of the key technical innovations in the global market for snorkeling equipment. Dry top technology snorkels are designed to completely seal the entry of water when a snorkeler goes under water to prevent water from reaching snorkelers’ mouth and nose. The top of a dry snorkel uses a variety of improved mechanisms like flaps and valves that block the top of the snorkel when it is submerged. This feature reduces the need to frequently clear the snorkel, unlike traditional snorkels, while returning to the water surface,” says Brijesh Kumar Choubey, a lead analyst at Technavio for outdoor gear.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Low training cost
Water sports enthusiasts opt for snorkeling first as compared to other water sports activities because other water sports like scuba diving, spear fishing, and surfing require proper training under expert supervision, which turns out to be an expensive option. Also, other water sports activities require certification, unlike snorkeling activity. Training is only required for a specific kind of snorkeling called as skin diving. Skin divers hold their breath to dive underwater to observe aquatic life and explore underwater experience.
Health benefits associated with snorkeling
Snorkeling is considered one of the staple activities for people who vacation for island getaways because of health benefits associated with it. Snorkeling increases one’s maximal oxygen uptake, an indicator of aerobic fitness. The breathing process through the snorkeling tube involves some resistance and requires great exertion as compared to free breathing. The snorkelers regulate in and out breaths evenly through the mouth, which turns out be an efficient breathing exercise. Apart from breathing, snorkeling is also considered beneficial for overall fitness, cardiovascular health, joint mobility, and mental health.
Rising number of soft adventure sports enthusiasts
Water sports like scuba diving, snorkeling, and surfing have become some of the most preferred recreational activities in the past decade owing to the adventure and health benefits associated with them. Recently, the water sports industry has witnessed support from government bodies across the world, to escalate the revenue generated from the tourism industry across the globe. Different promotional campaigns have been organized by governments worldwide and tour operators in different countries, which is further boosting the growth of the snorkeling industry. Factors such as changing demographics, a rise in recreational expenditures, and a shift in consumer preferences are acting as major drivers in the increased popularity of outdoor sports.
Some of the other prominent vendors identified in this report are Apollo Sports, Aquatec – Duton Industry, Beuchat International, Body Glove International, Dive Rite, Diving Unlimited International, Johnson Outdoors, Mares, Sherwood Scuba, and Zeagle Systems.
This research report includes an in-depth analysis, market shares, and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, and key financials. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Snorkeling Equipment Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Water Sports Gear and Equipment Market 2016-2020
- Global Scuba Diving Equipment Market 2016-2020
- Global Diving Suit Market 2016-2020
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