TechNavio recognizes the following companies as the key players in the Global Scuba Diving Equipment Market: American Underwater Products Inc., Aqualung International S.A., Johnson Outdoors Inc., Mares S.p.A., and Sherwood Scuba LLC.
Commenting on the report, an analyst from TechNavio’s team said: “The increase in the transition from beginners to seasoned recreational divers is increasing the demand for diving equipment that facilitates diving deeper, staying underwater for longer durations or carrying more equipment. Many diving equipment manufacturers are thus responding by launching new lightweight and more sophisticated products to address the changing needs of divers. New buoyancy compensators, which can provide lots of buoyant lift with larger ballast pouches and cargo pockets than standard buoyancy converters, are becoming increasingly popular among regular divers. Additionally, vendors are focusing on developing drysuits which can withstand lacerations, abrasions, and punctures better than the drysuits that are currently available in the market. Many products incorporating high-tech materials that are strong yet lightweight and flexible yet resistant to chemicals are being marketed by global manufacturers.”
According to the report, one of the main drivers is the rise in the disposable income of consumers. Rise in the per capita income of people, especially in developing countries, has led to an increase in the demand for recreational scuba diving equipment worldwide.
Further, the report states that the availability of counterfeit products in the market is one of the main challenges. This is affecting the revenue and the brand name of the global vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-scuba-diving-equipment-market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Scuba Diving Equipment Market 2014-2018
