Diving Equipment Market to Reach $8.1 billion, Globally, by 2035 at 7.5% CAGR

Allied Market Research

WILMINGTON, Del., May 24, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Diving Equipment Market by Type (BCD and Regulator, Cylinder and Diving Propulsion Vehicle, Decompression Chamber, Exposure Suit, Accessories), and Distribution Channel (Specialty Store, Online, Others): Global Opportunity Analysis and Industry Forecast, 2024-2035". According to the report, the "diving equipment market" was valued at $3.5 billion in 2023, and is estimated to reach $8.1 billion by 2035, growing at a CAGR of 7.5% from 2024 to 2035.

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Prime determinants of growth

The increasing interest in adventure sports is driving the growth of the diving equipment market. However, the growth of the diving equipment market is restricted by regulatory challenges. On the other hand, online retail presents remunerative opportunities for the expansion of diving equipment during the forecast period.

Report coverage & details:

Report Coverage	Details
Forecast Period	2024–2035
Base Year	2023
Market Size in 2023	$3.5 Billion
Market Size in 2035	$8.1 Billion
CAGR	7.5 %
No. Of Pages in Report	250
Segments Covered	Type And Distribution Channel
Drivers	Increasing Interest in Adventure Sports  Growing Awareness of Marine Conservation  Technological Advancements
Opportunities