Global Diving Suit Market by Price Bracket ($200-$399, $400-$599, $600-$800, Less Than $199, Above $800) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2018, the global market for diving suits was worth USD 498.2 millions. There were 1.3 million units sold that year. Over the forecast period, diving suits will be in high demand due to an increase in recreational activity. Due to their versatility in use in rescue operations and commercial operations, these suits have been gaining huge popularity.

Over the past few years, the market has seen continuous product development and innovation in material technology. To improve the customer experience, manufacturers are investing in R&D. Market growth is expected to be driven by the increasing adoption of new materials and technologies such as polytherm tri-laminate and no-stitch technology. Consumers are noticing the rise in demand for modern diving suits.

The market is driven by a growing interest in watersports. Scuba diving and snorkeling are increasingly popular recreational activities, especially among adventure and non-motorized sports enthusiasts. To increase tourism revenue, many governments around the world are encouraging watersports. These promotional campaigns by tour operators and governments will likely increase market growth during the forecast period.

Over the last few years, there has been a significant increase in demand for women's dive suits. Product sales have increased due to the increasing participation of women in watersports in emerging countries of Asia Pacific. Modern diving equipment has become lighter and more user-friendly, which has boosted women's interest in the sport. This will drive market growth over the next few years.

Globally, increasing urbanization and a rise in household income have allowed people to spend more on luxury services and sports. This has created significant opportunities for the industry. Additionally, consumers are becoming more aware of the environmental dangers posed by the use of poly diving gear. The market will be driven by this factor over the forecast period.

Diving suits must be thick enough for the water temperature. These suits have different thicknesses depending on the level of protection and insulation they offer. These suits can be used in very cold water temperatures below 60 degrees Fahrenheit. These suits can be used when the diver has to dive for an extended period of time. These suits are highly sought-after due to their water resistance and other benefits.

Price bracket insight

The market for diving suits can be divided by price bracket into the following: less than $199; $200-$399; $400-$599; $600-$800 and more than $800. In terms of both revenue and demand, the segment above $800 will show the greatest CAGR. This segment usually includes dry suits made from tough, hardwearing material that provide better thermal insulation for the diver.

In 2018, the demand for suits between $200 and $399 was at its highest. This trend is expected to continue in the future. This category typically includes suits priced from low to medium, and are being increasingly used for recreational and commercial purposes. Between 2019 and 2025, the price range of $600-$800 will see significant growth. Dry suits will be in high demand due to increased recreational diving in colder areas.

Regional Insights

North America is the biggest consumer of diving equipment, particularly wet and dry suits. In 2018, the region was the top market for both revenue and demand. Regional growth will be driven by the significant presence of regional manufacturers, such as Cressi-sub and Dive-Rite.

The Asia Pacific market for diving suit sales is expected to experience the greatest revenue growth over the forecast period. It will register a CAGR exceeding 9.0% between 2019 and 2025. Market growth is expected to be fueled by a substantial increase in the number of tourists who dive in coastal regions. In Southeast Asia, countries such as Vietnam and Indonesia have seen a significant increase in watersports participation. This has led to a significant increase in demand for diving gear in the region.

According to estimates, more than 32 000 units of diving suits sold in the Middle East and Africa during 2018. Due to the presence of many diving sites in the region, including Egypt and South Africa, the regional demand will experience significant growth over the forecast period. Many locations in South Africa, including 7 Mile Reef, Protea Banks and Riy Banks, have seen significant tourist growth over the last few years. Watersports are becoming more popular in the region.

Market Share in Diving Suits

Aqua Lung, Beuchat, Cressi and Omer America are just a few of the major players in the market. These companies have a number of key strategies to beat fierce competition. SCUBAPRO's new cold water collection of dive dry suits was introduced in February 2018. This was to increase its product range. Sheico Group introduced eco-friendly wetsuits in 2017 that were embedded with green technologies to diversify its offerings.

To gain an edge in the global market, players are investing heavily in R&D to develop high-quality and low-cost products. They expect to expand their market share in the future thanks to these growing R&D efforts. They offer a variety of suits from 2mm to 9mm in thickness to diversify their product range and increase their product diversity.

The Report Covers Certain Segments

This report forecasts demand growth and revenue growth at the global, regional and country level. It also provides analysis of industry trends for each sub-segment from 2015 to 2025. Up Market Research has divided the global market for diving suits by price bracket and location.

• Price Bracket Outlook (Volume: Thousand Units; Revenue USD Million, 2015-2025)

  • Below $199

  • $200-$399

  • $400-$599

  • $600-$800

  • More than $800

• Regional Outlook (Volume: Thousand Units; Revenue USD Million, 2015-2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • Denmark

    • Norway

    • Sweden

  • Asia Pacific

    • China

    • India

    • Australia

    • New Zealand

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

    • Egypt

    • Jordan

    • South Africa

    • Tanzania

Up Market Research published a new report titled “Diving Suit Market research report which is segmented by Price Bracket ($200-$399, $400-$599, $600-$800, Less Than $199, Above $800), By Players/Companies Less than $199, $400-$599, Above $800, $200-$399, Price Bracket Outlook (Volume Thousand Units; Revenue USD Million 2015 - 2025)Less than $199$200-$399$400-$599$600-$800Above $800, $600-$800”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Diving Suit Market Report Segments:

The market is segmented by Price Bracket ($200-$399, $400-$599, $600-$800, Less Than $199, Above $800).

Diving Suit Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Diving Suit Market

Overview of the regional outlook of the Diving Suit Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Diving Suit Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Diving Suit Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. $200-$399

                2. $400-$599

                3. $600-$800

                4. Less Than $199

                5. Above $800

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Diving Suit Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Diving Suit Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.