Global Diving Regulator Market Outlook
Scuba diving tourism is considered as a multibillion-dollar industry that has drawn millions of tourist to explore the underwater world. As of 2017, there are more than 10000 dive operators serving more than 6 million divers around the world. Global coral reef-related tourism is one of the influential factors that has been driving tourist to get into scuba diving. Coral reef attracts foreign as well as the domestic tourist in over 100 countries and territories. The coral reef is being estimated to be valued at US$ 36 billion by the end of 2019 owing to the rise in the number of tourists. With the rise in demand for scuba diving tourism, there has been simultaneous demand for scuba diving equipment as well. Diving Regulator which is being considered as one of the mandatory equipment for scuba diving has been on higher demand in recent years. The diving regulator is considered as the hub of diving equipment linking many pieces of gears such as the scuba tanks to Buoyancy Control Devices (BCD), Submersible pressure gauge (SPG), Alternate Air Source and the diver.
Global Diving Regulator Market: Reasons for Covering this Title
With the rise in the number of tourist for scuba diving, there has been demand for diving equipment as well. Diving regulators being a mandatory equipment, sights critical opportunity in scuba diving territories and countries. The primary function of the diving regulator is to decrease the high pressure under which the air in the dive tank is being stored, to a pressure at which divers are able to breathe at any depth. These breathing apparatus that is the diving regulator and tank are considered as the only means of breathing for the divers. There are basically two types of diving regulators i.e. unbalanced diving regulators and balanced diving regulators.
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Global Diving Regulator: Market Segmentation
On the basis of types, the global Diving Regulator market has been segmented as –
On the basis of the end user, the global Diving Regulator market has been segmented as –
On the basis of the distribution channel, the global Diving Regulator market has been segmented as –
Global Diving Regulator Market: Key Players
Some of the key players operating in the global Diving Regulator market are Aqua Lung International, Apeks Diving, Oceanic Worldwide, Atomic Aquatics Europe GmbH, Midland Diving Equipment Ltd, Johnson Outdoors Inc. among others.
Diving Regulator Market: Key Trends
The major shareholding companies in the Diving Regulator market have been strategizing extending its product portfolio by adopting latest technologies into its existing products.
Diving Regulator Market: Key Developments
In 2017, Oceanic Worldwide launched a newly designed and updated version of the Alpha 10 Regulator featuring patented pneumatically balanced second stage valve, which reduces resistance for effortless breathing.
In 2016, Technodinamika Holding launched a line of diving regulators under its own company brand. The line-up consists of five regulators, each tailored for a particular customer segment, from beginners to technical divers and professionals operating in adverse conditions.
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Opportunities for Diving Regulator Market Participants
Countries such as Malaysia, United States, Australia, Egypt, Belize, Thailand, and Indonesia have some of the world famous scuba diving destination. Taking this factor into account, the global diving regulator sights a critical opportunity in North America and Asia Pacific regions to grow in terms of value sales. Moreover, combat army divers have been into scuba diving for covet operation since decades. As a result, owing to the fact that diving regulator being a necessary equipment in scuba diving, provides an immense opportunity for global diving regulator market to generate sales through the military segment.
Key Data Points Covered in the Report
Some of the key data points covered in our report include:
An overview of the Diving Regulator market, including background and evolution
Macroeconomic factors affecting the Diving Regulator market and its potential
Diving Regulator Market dynamics, such as drivers, challenges, and trends
Detailed value chain analysis of the Diving Regulator market
The cost structure of the products and segments covered in the study for Diving Regulator Market
In-depth pricing analysis, by key product segments, regions and by major Diving Regulator market participants
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario for Diving Regulator
Analysis of the Diving Regulator market structure, including a tier-wise categorization of key market participants
Competitive landscape of the Diving Regulator market, including detailed profiles of the top players in this market