The diving equipment market is expected to grow from USD 2.72 Billion in 2016 to USD 3.21 Billion by 2021, at a CAGR of 4.05% from 2016 to 2021. The objective of this study is to analyze, define, describe, and forecast the diving equipment market on the basis of type, application, depth, end-user, and geography. 2015 was considered as the base year and 2016 to 2021 was considered as the forecast period for this market study.

The research methodology used to estimate and forecast the diving equipment market included the study of data on key diving equipment revenues globally through secondary resources, such as annual reports, yahoo finance, Professional Association of Diving Instructors (PADI), and International Marine Contractors Association (IMCA). This market has also been segmented on the basis of other diving equipment. The bottom-up procedure was employed to arrive at the overall diving equipment market size from the revenue of key players in the market operating globally. After arriving at the overall market size, the total diving equipment market was split into several segments and subsegments which were then verified through primary research by conducting extensive interviews with key industry experts, such as CEOs, VPs, directors, executives, and professional divers. These data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary is depicted in the below figure:

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The ecosystem of the diving equipment market comprises type, application, depth, and end user industries. Key players operational in this market include Cobham plc (U.K.), Dragerwerk AG & Co. KGaA (Germany), Divex Ltd. (U.K.), and Aqua Lung International (U.S.), among others. Contracts and new product launches are the major strategies adopted by key players operational in the global diving equipment market. This report will help the diving equipment manufacturers, suppliers, distributers, and sub-component manufacturers to identify hot revenue pockets in this market.

Target Audience for this Report

Diving equipment Manufacturers

Original Equipment Manufacturers

Sub-component Manufacturers

Technology Support Providers

Divers

Diving Associations

�This study answers several questions for the stakeholders, primarily, which market segments to focus on during the next two to five years for prioritizing their efforts and investments�.

Scope of the Report:

Diving Equipment Market, By Type

Rebreather Military Rebreather Commercial Rebreather

Cylinders and Propulsion Vehicle

Decompression Chamber

Exposure Suits Dry Suit Wet Suit

Accessories Headset/Hood Watch Torch Knife Others



Diving Equipment Market, By Application

Defense

Commercial

Civil

Diving Equipment Market, By Depth

Recreational Diving

Clearance Diving

Saturation Diving

Diving Equipment Market, By End-User

Oil & Gas Industry

Naval Industry

Aquaculture Industry

Other Industries

Diving Equipment Market, By Geography

North America

Europe

Asia-Pacific

Middle East

Rest of the World

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per specific needs of a company. The following customization options are available for this report:

Geographic Analysis Further breakdown of the Rest of the World market

Company Information Detailed analysis and profiling of additional market players (up to five)

Additional Level Segmentation Additional level of segmentation



The diving equipment market is expected to grow from USD 2.72 Billion in 2016 to USD 3.21 Billion by 2021, at a CAGR of 4.05% from 2016 to 2021. This growth can be attributed to the rise in the average income of the people, especially in emerging economies, such as India and Vietnam. The dive tourism, particularly in the European region, is also a key factor fueling the growth of the diving equipment market.

On the basis of type, the diving equipment market has been segmented into rebreather, cylinder and propulsion vehicle, decompression chamber, exposure suit, and accessories. The rebreather segment is estimated to lead the diving equipment market in 2016. This growth can be attributed to the usage of this equipment in two major application areas, namely, commercial and defense; and the fact that it can provide air under high pressure underwater. The exposure suit segment is expected to lead the diving equipment market during the forecast period, owing to need of changing these suits frequently as these suits have short life cycle. Moreover, damages caused by harsh environments underwater also result in frequent replacement of these suits.

On the basis of end user, the oil & gas industry is expected to lead the diving equipment market during the forecast period. It is estimated to hold the largest share due to the expansion of oil rigs and search for new refineries, which require skilled divers for challenging underwater tasks.

The diving equipment market in North America is estimated to hold the largest market share in 2016, followed by Asia-Pacific. The European market is a mature market for diving equipment, since diving activity is being carried out in this region since the early 1900�s. However, the growth of diving equipment market in North America and Europe is expected to be considerably low during the forecast period, owing to decreased demand of diving equipment in these regions. On the other hand, Asia-Pacific diving equipment market is expected to witness the highest growth rate. This growth can be attributed to the expansion of oilfields in China and Australia, and abundant underwater marine life for exploration, coupled with expected government-funded research and development activities.

Numerous diving accidents in last few years and limited platforms for the diving equipment are the two factors which have restrained the growth of diving equipment market. For instance, the number of fatalities was 292 in North America and 95 in Europe in 2015. In addition, the market for diving equipment is limited to three application areas, namely, defense, commercial, and civil and cannot be served to multiple platforms.

The diving equipment market is a diversified and competitive market with the presence of a large number of players. The market is led by companies based on their core competencies. The key players in diving equipment market include Cobham plc (U.K.), Dragerwerk AG & Co. KGaA (Germany), Divex Ltd. (U.K.), and Aqua Lung International (U.S.), among others. Cobham plc is a leading player in the diving equipment market globally. The company has a strong distribution network, with its centers across 70 countries, worldwide. Cobham has been a market leader in the diving equipment market with a robust product portfolio and wide customer base since the 1990�s.

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