Global Diving Equipment Market Report and Forecast 2024-2032

Global Diving Equipment Market Outlook

The global diving equipment market size reached around USD 4.73 billion in 2023. The market is projected to grow at a CAGR of 4.4% between 2024 and 2032 to attain nearly USD 6.99 billion by 2032.

Key Takeaways

• The United States boasts 11 million snorkelers and nearly 2.5 million individuals went diving in 2023.

• Recreational snorkelling and scuba diving contributed approximately USD 11 billion to the United States GDP.

• Between November 2020 and 2021, around 15 thousand people participated in scuba diving and snorkelling in England.

One of the key factors favouring the diving equipment market growth is the robust growth of the tourism industry and the growing interest in recreational diving by tourists. Nearly half of the tourists prefer a coastal destination for their vacation. This is boosting the popularity of activities like scuba diving, salvage diving, and hazmat diving, among others.

The use of sustainable equipment is also driving the diving equipment market expansion. Eco-friendly and recyclable materials are increasingly being used to manufacture scuba diving equipment. Manufacturers are also using natural rubber, biodegradable polymers, and organic textiles in production processes as they have smaller environmental and chemical footprints.

Region-wise, the Asia Pacific region is leading the diving equipment market share. For instance, the Philippines is Asia’s leading dive destination due to its incredible beauty and enormous biodiversity. Asia has some of the most popular scuba sites in the world, including Pulau Sipadan in Malaysia, Similan Islands in Thailand, and Mergui Archipelago in Myanmar, among others.

Furthermore, companies across the world are partnering to manufacture advanced diving equipment. In 2022, Planet Scuba India partnered with Taiwan’s CREST Diving to introduce CREST Diving to the Defence Bioengineering and Electromedical Laboratory (DEBEL) of DRDO. With this Planet Scuba India aims to develop a dive equipment manufacturing ecosphere in the country.

Market Segmentation

Global Diving Equipment Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• BCD and Regulator

• Cylinder and Diving Propulsion Vehicle

• Decompression Chamber

• Exposure Suit

• Accessories

Market Breakup by Depth

• Recreational Diving

• Clearance Diving

• Saturation Diving

Market Breakup by End-User

• Oil and Gas

• Naval

• Aquaculture

• Others

Market Breakup by Distribution Channel

• Offline

• Online

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Competitive Landscape

The market players are introducing high-quality and advanced diving equipment made from sustainable materials

• Johnson Outdoors Inc.

• Poseidon Diving Systems AB

• HEAD Sport GmbH (Mares)

• Cressi Sub S.p.A.

• Aquatec-Duton Industry Co., Ltd.

• Dive Rite

• James Fisher and Sons plc

• Tabata Co., Ltd.

• Beauchat International S.A.S.

• Aqualung Trading

• Sherwood Scuba

• Others

Key Highlights of the Report