Global Diving Suits Market to Reach US$ 841.4 Million by 2032, Propelled by Increasing Professional Drivers

November 16, 2022 | Retail

IMARC Group’s latest report, titled “Diving Suits Market Report by Type (Drysuit, Wetsuit), Price Range (Economy, Mid-Range, Luxury), Sales Channel (Offline Stores, Online Stores), and Region 2024-2032”, finds that the global diving suits market size reached US$ 544.7 Million in 2023. Diving suits are waterproof garments used by divers to help them explore underwater depths. They are made of different materials, including neoprene, polyurethane, and rubber. They comprise detachable helmets and air supply devices that protect them from atmospheric pressure changes, barotrauma, and decompression sickness. Some commonly available variants of diving suits include dry suits, dive skins, wetsuits, semi-dry suits, and hot water suits. They are used for numerous purposes, including research and development (R&D) activities, rescue operations, and recreation. At present, diving suits are gaining immense traction across the globe due to their diversified applications in sea rescue and other commercial operations.

Global Diving Suits Market Trends:

Increasing professional drivers and rising participation of individuals in scuba diving represents the primary factor driving the market growth. Moreover, there has been a rise in the need for commercial divers in the oil and gas industry to maintain oil rigs and repair damages resulting from hurricanes and other environmental conditions as diving suits help divers control checks, inspect structures, seismic surveys, geological appraisals, and the installation of fiber optic cable on ocean floors. In line with this, the emerging oil and gas sector, due to the escalating energy demand, is positively influencing market growth. Additionally, scuba diving offers numerous health benefits, such as increased muscle strength and flexibility, reduced blood pressure, improved blood circulation, and relieved stress. Along with this, the rising prevalence of medical conditions and the growing health consciousness have augmented the product demand. Besides this, rising numbers of people participating in outdoor and water sports activities are contributing to the market growth. Furthermore, the rising trend of underwater photography and videography has catalyzed market growth. Apart from this, escalating demand for diving suits due to the increasing construction of sea links and bridges that require extensive underwater analysis is propelling the market growth. Other factors, including increasing spending on luxury sports, rapid urbanization, and inflating consumer disposable income, are also anticipated to drive the market further. Looking forward, IMARC Group expects the market value to reach US$ 841.4 Million by 2032, expanding at a growth rate (CAGR) of 4.8% during 2024-2032.

Market Summary:

Based on the type, the market has been categorized into drysuit and wetsuit.
On the basis of the price range, the market has been divided into the economy, mid-range and luxury.
The market has been bifurcated based on sales channels into offline stores and online stores.
Region-wise, the market has been divided into North America (United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa.
The competitive landscape of the market has also been examined, with the profiles of the key players being Aqua Lung International, AQUATEC - DUTON INDUSTRY CO. LTD., Beuchat, Cressi Sub s.p.a, Dive Rite, Diving Unlimited International (DUI), H2Odyssey, Johnson Outdoors Inc., Mares (Head International Holding GmbH), SALVIMAR Srl and SHEICO Group.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Type, Price Range, Sales Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Aqua Lung International, AQUATEC - DUTON INDUSTRY CO. LTD., Beuchat, Cressi Sub s.p.a, Dive Rite, Diving Unlimited International (DUI), H2Odyssey, Johnson Outdoors Inc., Mares (Head International Holding GmbH), SALVIMAR srl and SHEICO Group
Customization Scope	10% Free Customization
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Global Diving Suits Market to Reach US$ 841.4 Million by 2032, Propelled by Increasing Professional Drivers

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