Global Scuba Diving Equipment Market to grow at a CAGR of 3.68 percent
Today, TechNavio, the independent London-based global research firm, shared its research findings from its latest report on the Global Scuba Diving Equipment Market, which finds US as the leader in this market. The findings are for the forecast period 2014-2018.
The US is leading this market due to the presence of several large vendors operating in the country. Further, the increasing demand from Latin American countries such as Brazil and Mexico and the increase in scuba diving activities in the Caribbean region are driving the market in the Americas region.
EMEA and the APAC region is closely following this region generating its revenue from sales of various types of equipment, including regulators, masks, BCDs, tanks, and diving suits.
Speaking on this occasion, one of the senior analysts and co-author of this report said, “The Regulators, Octopus, and Snorkels segment accounted for the highest share in terms of revenue in the Global Scuba Diving Equipment market due to the high demand for such products and their affordability and will continue to drive growth during the forecast period. This will be followed by the Drysuits and Wetsuits segment.”
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on Global Scuba Diving Equipment Market 2014-2018, please send an e-mail to media@TechNavio.com.
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Scuba Diving Equipment Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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