Diving Equipment Market to Reach USD 3.21 Bn by 2021, States MarketsandMarkets in Its New Report Available at MarketPublishers.com17 Aug 2016 • by Natalie Aster
LONDON – In the current year, the world’s diving equipment market is estimated at around USD 2.72 billion. It is anticipated to register a CAGR of slightly over 4% to climb to USD 3.21 billion by 2021.
Positive growth in the diving equipment market will likely be driven by the ongoing exploration of oil rings, rising number of underwater projects, increasing interest to water recreational activities and expanding underwater construction, among others.
Furthermore, the global demand for diving equipment is expected to be fueled by increasing need for search and rescue operations, substantial investments in technological development as well as increasing demand for decompression champers, rebreathers, accessories and exposure suits worldwide.
The exposure suits sector is predicted to see the highest growth rates in the years to come.
North America accounts for the biggest share of the world’s diving equipment market. This regional market will likely continue holding the market leadership through 2021.
Insightful research publication “Diving Equipment Market” by MarketsandMarkets presents a detailed assessment of the world’s diving equipment market on the basis of application, type, geography, end-use and depth. It uncovers important industry performance statistics (historical, current and projected) for various geographical markets, touches upon regulative policies and initiatives, identifies competitive pressures and profiles major market players. The report identifies and examines the key factors shaping the diving equipment market development, outlines lucrative growth opportunities, describes top challenges and also offers market forecasts through 2021.
Other reports by MarketsandMarkets are provided at this page.