Diving Suit Market Growth to 2020 Driven by Rising Outdoor Recreational Activities

Jul 11, 2016, 06:00 ET from Sandler Research

PUNE, India, July 11, 2016 /PRNewswire/ --

The global diving suit market is set to see a major impact of the emergence of the atmospheric diving suit says this 2016 research that forecast the diving suit sector to grow at a CAGR of 4.42% during the period 2016-2020. Many scientists believe that organisms and chemical compounds from the deep ocean are helpful in curing diseases. However, there are various challenges to accessing these compounds at low depths where normal dry suits and wetsuits are not useful. The exosuit technology developed by Nuytco Research is an atmospheric diving suit made of aluminum alloy. An exosuit is two-meter tall and weighs 530 pounds. The suit allows divers to explore up to 305 meters deep without being harmed by intense cold and pressure.

Complete report on diving suit market spread across 54 pages, analyzing 8 major companies and providing 28 data exhibits now available at http://www.sandlerresearch.org/global-diving-suit-market-2016-2020.html.

According to the 2016 diving suit market report, a key growth driver is the growing participation in outdoor recreational activities. There is an increased emphasis on adventure sports and outdoor activities like surfing and scuba diving among the population worldwide, especially young adults. Water sports is followed both as a form of recreation and as a profession. Outdoor recreational activities are increasingly getting popular in the Americas and Europe. In 2013, 142.6 million participated in at least one outdoor recreational activity in the Americas.

During 2015, the Americas dominated the global diving suit market by accounting for more than 51% of the overall market share. The market is flourishing in this region due to the increased participation rates in outdoor recreational events. Initiatives taken by numerous schools and universities to include outdoor sports activities in the curriculum of the students are expected to further fuel growth in the diving suit market in the Americas during the forecast period.

The wetsuits segment accounted for more than 77% of the market to dominate the global diving suit market in 2015. Factors such as increased urbanization and growing participation in outdoor recreational activities are influencing the demand for wetsuits worldwide. The increasing popularity of surfing and scuba diving in many coastlines across the globe is also augmenting the demand for wetsuits. The expected inclusion of surfing in the Summer Olympics is likely to boost the popularity of the game and propel the sales of wetsuits in the market during the forecast period.

The following companies are the key players in the global diving suit market: Billabong, O'Neill, Patagonia, Quiksilver, Bare, Diving Unlimited International (DUI), Northern Diver, and Typhoon International. Other prominent vendors in the market are: Aqualung, Dive System, Procean, SF Tech, Body Glove, C-SKINS, Helly Hansen, Musto, Rip Curl, and Xcel Brands. Order a copy of Global Diving Suit Market 2016-2020 report @ http://www.sandlerresearch.org/purchase?rname=56510.

Global Diving Suit Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the global diving suit market for 2016-2020.

Another related report is Global Scuba Diving Equipment Market 2016-2020, a trend which is expected to boost market growth further is the increased demand for eco-friendly scuba diving equipment. The global scuba diving equipment market is registering an increase in the demand for eco-friendly wetsuits and dry suits in recent times. Organic, water-based adhesives, and recycled plastic materials are replacing the traditional leather, synthetic rubber, polyurethane, nylon, and other synthetic materials used as raw materials for these products. Browse complete report @ http://www.sandlerresearch.org/global-scuba-diving-equipment-market-2016-2020.html.

Explore other new reports on Apparel Market @ http://www.sandlerresearch.org/market-research/consumer-goods/apparel.

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