Product Code: ETC4558405 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India diving equipment market import shipments experienced a modest growth trend with a CAGR of 2.0% from 2020 to 2024. However, there was a notable decline in growth between 2023 and 2024, with a decrease of 12.3%. Overall, the market showed signs of slowing down towards the end of the period.
The India Diving Equipment market is growing as water-based recreational activities, commercial diving, and underwater research gain popularity. Diving equipment encompasses a wide range of products, including diving suits, masks, snorkels, and underwater propulsion devices. As more Indias take up diving as a hobby and commercial diving activities increase, there is a growing market for advanced and reliable diving equipment. Local and international manufacturers compete to provide high-quality gear for divers and underwater professionals in India.
The India Diving Equipment Market is driven by the growing interest in recreational and commercial diving activities, including underwater exploration, marine research, and offshore industries. The demand for reliable and advanced diving equipment, including diving suits, masks, and communication systems, is rising to ensure safety and effectiveness during underwater operations.
Challenges in this market revolve around ensuring safety and performance in diving equipment. Manufacturers need to address concerns related to equipment durability, user comfort, and adaptability to different depths and conditions. Furthermore, meeting stringent safety regulations while balancing cost and technological advancements presents an ongoing challenge.
The diving equipment market in India faced challenges during the COVID-19 pandemic due to travel restrictions and lockdowns that affected tourism and recreational diving activities. Reduced travel and tourism activities impacted equipment sales, particularly in coastal and tourist destinations. The industry experienced a decline in diving equipment rentals and diving training services. As travel restrictions eased and domestic tourism revived, the market began to recover. Moreover, stringent safety protocols and equipment sanitization measures were implemented to ensure the safety of divers, which may contribute to the long-term recovery of the diving equipment market.
Prominent companies in the India diving equipment market are Aqua Lung International, Johnson Outdoors Inc., Mares S.p.A., Beuchat International S.A., and Poseidon Diving Systems.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Diving Equipment Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Diving Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 India Diving Equipment Market - Industry Life Cycle |
3.4 India Diving Equipment Market - Porter's Five Forces |
3.5 India Diving Equipment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Diving Equipment Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 India Diving Equipment Market Revenues & Volume Share, By End-User, 2021 & 2031F |
4 India Diving Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in tourism industry in India, leading to an increase in recreational diving activities |
4.2.2 Rising interest in adventure sports and water activities among the Indian population |
4.2.3 Government initiatives to promote marine conservation and underwater exploration |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with purchasing diving equipment |
4.3.2 Lack of awareness and proper training facilities for diving in certain regions of India |
4.3.3 Environmental concerns and regulations impacting diving locations |
5 India Diving Equipment Market Trends |
6 India Diving Equipment Market, By Types |
6.1 India Diving Equipment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Diving Equipment Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Diving Equipment Market Revenues & Volume, By Rebreather, 2021-2031F |
6.1.4 India Diving Equipment Market Revenues & Volume, By Exposure Suit, 2021-2031F |
6.1.5 India Diving Equipment Market Revenues & Volume, By Decompression Chamber, 2021-2031F |
6.2 India Diving Equipment Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Diving Equipment Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 India Diving Equipment Market Revenues & Volume, By Defense, 2021-2031F |
6.2.4 India Diving Equipment Market Revenues & Volume, By Civil, 2021-2031F |
6.3 India Diving Equipment Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 India Diving Equipment Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.3 India Diving Equipment Market Revenues & Volume, By Naval, 2021-2031F |
6.3.4 India Diving Equipment Market Revenues & Volume, By Aquaculture, 2021-2031F |
7 India Diving Equipment Market Import-Export Trade Statistics |
7.1 India Diving Equipment Market Export to Major Countries |
7.2 India Diving Equipment Market Imports from Major Countries |
8 India Diving Equipment Market Key Performance Indicators |
8.1 Number of certified diving instructors in India |
8.2 Percentage increase in diving certifications issued annually |
8.3 Growth in the number of diving schools and training centers |
8.4 Adoption rate of eco-friendly diving equipment |
8.5 Participation in underwater clean-up drives and conservation efforts |
9 India Diving Equipment Market - Opportunity Assessment |
9.1 India Diving Equipment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Diving Equipment Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 India Diving Equipment Market Opportunity Assessment, By End-User, 2021 & 2031F |
10 India Diving Equipment Market - Competitive Landscape |
10.1 India Diving Equipment Market Revenue Share, By Companies, 2024 |
10.2 India Diving Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |