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DUBLIN–(BUSINESS WIRE)–The “Diving Equipment – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis, the global market for Diving Equipment estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$3.6 Billion by 2027, growing at a CAGR of 2.7% over the analysis period 2020-2027.

Rebreather, one of the segments analyzed in the report, is projected to record a 3.3% CAGR and reach US$1.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cylinders & Propulsion Vehicle segment is readjusted to a revised 2.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $797.5 Million, While China is Forecast to Grow at 5.1% CAGR

The Diving Equipment market in the U.S. is estimated at US$797.5 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$720.1 Million by the year 2027 trailing a CAGR of 5.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Decompression Chamber Segment to Record 2.8% CAGR

In the global Decompression Chamber segment, USA, Canada, Japan, China and Europe will drive the 2.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$333 Million in the year 2020 will reach a projected size of US$391.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$486.9 Million by the year 2027, while Latin America will expand at a 3.6% CAGR through the analysis period.

Select Competitors (Total 46 Featured):

• Apollo Australia P/L
• Aqua Lung International
• Atlantis Dive
• Cobham PLC
• Dragerwerk AG & Co. KGaA
• Henderson Aquatics
• Honeywell International, Inc.
• Submarine Manufacturing & Products Ltd.
• Underwater Kinetics

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

• Influencer Market Insights
• Diving Equipment Market Worldwide: A Prelude
• Rebreather Emerges as the Largest Product Category
• Commercial Diving: A High Growth Market
• Impact of Covid-19 and a Looming Global Recession
• Increased Spending on Recreational Diving Activities on Account of Rising Disposable Incomes Fuels Growth in Diving Equipment Market
• Diving Equipment Market Set to Benefit from the Rapid Growth of Coastal and Dive Tourism Industry
• Rising Demand for Professional Diving Services in Oil & Gas Industry and Hydroelectric Projects: Opportunity for Growth
• Bureau Veritas Releases New Rules for Professional Diving Systems
• Potential Growth Opportunities for Diving Equipment from the Field of Underwater Filming and Documentaries
• Growing Importance of Combat Divers Fuels Demand for Diving Equipment
• Rebreathers Enable More Intimate Aquatic Encounters for Recreational Divers
• A Review of Select Popular Diving Rebreathers
• Select Closed Circuit Rebreathers: A Review
• Increasing Incidents of Diving Accidents Restraints Market Growth
• Health Issues and Injury Concerns during Underwater Dives Adversely Impact Diving Equipment Market
• Innovations & Advancements
• PRODUCT OVERVIEW
• Diving Equipment
• Rebreather
• Cylinders & Propulsion Vehicle
• Decompression Chamber
• Exposure Suits
• Accessories

III. MARKET ANALYSIS

• Scuba Diving Statistics in the US
• An Insight into Scuba Diving Market in Europe
• Scuba Diving Equipment Market in Korea: An Overview

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/xapd75

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