The global diving suit market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The growing demand for underwater care services has driven the growth of the global diving suit market.
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The growing interest in watersports is one of the main factors driving the market. Snorkeling and scuba diving have become an integral part of recreational activities, especially among adventure lovers and lovers of soft sports. Many government agencies around the world promote water sports in their respective regions to increase tourism revenue. Such advertising campaigns run by various tour operators and governments are expected to boost the market growth in the forecast period. In addition, diving activities involve fatal accidents. Professional divers need intensive training before they can be licensed by an accredited agency such as the Professional Association of Diving Instructors.
However, the number of mortalities during diving is anticipated to limit the market growth. The death toll has risen sharply due to poor water conditions, misuse of gas, misuse of machinery, overcrowding, poor buoyancy control, and already existing health problems. Many accidents are caused by human error, however, some of these accidents are unavoidable and are caused by unforeseen circumstances. The increase in fatal accidents has a significant financial impact on the diving or related industry in terms of loss of income, business losses, rising insurance premiums, and higher debt costs.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Price Range
- By Sales Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-Dive Rite, Beuchat, Aqua Lung International, Mares S.p.A., and SHEICO Group, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Diving Suit Market Report by Segment
By Type
- Drysuit
- Wetsuit
By Price Range
- Economy
- Mid-Range
- Luxury
By Sales Channel
- Offline
- Online
A full report of Global Diving Suit Market is available at: https://orionmarketreports.com/global-diving-suit-market/117998/
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