The latest research study “Snorkeling Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global snorkeling equipment market size reached US$ 2.23 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.04 Billion by 2028, exhibiting a growth rate (CAGR) of 5.1% during 2023-2028.
Snorkeling represents a water activity that resembles swimming conveniently and safely by using professional safety equipment to breathe underwater. As it involves swimming on the surface with the head and nose inside the water, snorkeling needs lesser equipment as compared to scuba diving. Some commonly available snorkeling equipment include a curved plastic tube, also called a snorkel, a mask fitted to the face and nasal cavity, diving fins, etc. Among the prominent features of the snorkel set are the tempered glass lens mask and adjustable buckles that make swimming safer and more enjoyable. Snorkeling equipment provide a wide array of health benefits, including improved lung and breath control and strengthened vital muscles.
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Snorkeling Equipment Market Trends and Drivers:
The inflating popularity of water sports across the globe is primarily driving the snorkeling equipment market. Besides this, the increasing international tourist arrivals, particularly in tropical regions, and the growing inclination among millennials towards coastal adventure activities are also catalyzing the market growth. Moreover, numerous technological improvements in snorkeling equipment, such as the introduction of pivot-dry technology to manufacture adjustable fin straps and comfortable foot pockets, are propelling the market growth. Apart from this, the emerging trend of regional championships and the rising number of partnerships, strategic collaborations, mergers and acquisitions (M&As), etc., and R&D activities conducted by the key market players are acting as significant growth-inducing factors. Additionally, the continual up-gradation of products and new launches and the escalating international tourism expenditure capacities of individuals are expected to fuel the snorkeling equipment market in the coming years.
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The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market.
Some of these key players include:
• Apollo Sports USA Inc.
• Aqua Lung International
• Aquatec- Duton Industry Co. Ltd
• Beuchat International
• Cressi S.p.A.
• Dive Rite
• Diving Unlimited International
• Poseidon Diving Systems AB
• Sherwood Scuba, etc.
Snorkeling Equipment Market 2023-2028 Analysis and Segmentation:
• Snorkeling Masks
• Snorkeling Fins
The report has provided a detailed breakup and analysis of the snorkeling equipment market based on the type. This includes snorkels, snorkeling masks, and snorkeling fins. According to the report, snorkels represented the largest segment.
Distribution Channels Insights:
• Specialty Stores
• Hypermarkets and Supermarkets
The report has provided a detailed breakup and analysis of the snorkeling equipment market based on the distribution channels. This includes e-commerce, specialty stores, hypermarkets and supermarkets, and others. According to the report, specialty stores accounted for the largest market share.
End Use Insights:
A detailed breakup and analysis of the snorkeling equipment market based on the end use has also been provided in the report. This includes residential and commercial. According to the report, commercial accounted for the largest market share.
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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This release was published on openPR.