DUBLIN, Sept. 24, 2018 /PRNewswire/ --
The "Global Snorkeling Equipment Market Outlook to 2022 - by Equipments, by Region, by Distribution Channel" report has been added to ResearchAndMarkets.com's offering.
Global Snorkeling Equipment Market Outlook to 2022 provides a comprehensive analysis of global snorkeling equipment market, 2012-2022.
The report also includes segmentation on the basis of prices of equipments namely, snorkels and fins, value chain analysis, SWOT analysis, competitive landscape (Competing parameters, company positioning and competition nature), company profiles for major players (Seavenger, Tabata Co. Ltd., Apollo Sports and Aquatec - Duton Industry) in the market and analyst recommendation.
The report facilitates the readers with in-depth analysis of the existing and future trends & issues. The report is useful for water sports equipment manufacturers, snorkeling equipment manufacturers, distributors, specialty sporting goods stores, department stores, e-commerce portals, customers and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future.
Global Snorkeling Equipment Market Size and Overview
Market Overview: International tourist arrivals and international tourism expenditure has been increasing at a steady pace over the review period (2012-2017), globally. Coupled with an increase in interest of people towards soft adventure sports, rising popularity of Snorkeling & adventure sports and growing awareness regarding numerous fitness-benefits of opting snorkeling has primarily supported growth in this industry. Americas has been the biggest market in terms of expenditure incurred by consumers in snorkeling equipment's followed by APAC, Europe and Middle East & Africa. Increase in demand has also been affected by growing base of Millennials, higher disposable income in major markets, presence of well-established players and expanded distribution network in new regions/countries.
Market Size: Low training cost, increase in variety of snorkeling equipment's available in the market, primarily, in terms of size, quality, capacity and utility, major players have been using diverse product portfolios and aggressive marketing & sales strategies to position themselves in the market. This has helped the market to grow at a CAGR of close to 5% during 2012-2017. Several leading manufacturers have invested amount in research & development segment to foster product innovations to increase durability and sturdiness of Snorkeling equipments.
By Equipment: The snorkeling equipment market has been dominated by snorkels as of the year 2017. Average price of a snorkel is USD 30 as of 2017. Some of the major companies that manufacture snorkels include Aqua Lung International and Cressi Sub. Snorkeling masks held the second largest share in the market as of 2017. With advancement in technologies, the companies have been able to manufacture more technologically advanced masks keeping the consumer preferences in mind. Snorkeling fins, holding third highest position in terms of market share, refers to a pair of finlike accessories worn on the foot or leg for better moment in water. Other equipments in the snorkeling equipment market include snorkeling vests, clips & attachments, marker & signals, neoprene mask straps, fin straps.
By Region: The global snorkeling equipment market was dominated by Americas in the year 2017. The region occupies the largest share owing to the presence of huge coastline, well-established water sports infrastructure and large number of Snorkeling enthusiasts. In the recent years, Snorkeling has been adopted as a recreational activity along with being taken-up professionally. APAC accounted for the second largest share in the snorkeling equipment market with the presence of increased number of water sporting sites. Europe region also witnessed growth in demand for snorkeling equipments with an increase in both consumption and production especially in France & Germany. Middle East and Africa has accounted for the lowest share in the market.
By New and Existing Demand: In the year 2017, it has been observed that the repeat demand from existing users and new demand from new customers have accounted for a very close share in the market. With up-gradation of products and new launches, customers replace their current equipments with the advanced ones. Moreover, with rising competition in various regional championships and more number of snorkeling camps being established to attract tourism, repeat demand from existing customers is very strong. Influenced by the health benefits of the sport including enhancing lungs strength and strengthening of vital muscles throughout the body, such as calves, ankles, quads, hamstrings and hip flexors, among others, new customers have been attracted to the market.
By Distribution Channel: Company Stores and Specialty Stores dominate the market in 2017. This sales channel has been highly popular since major large scale manufacturers of snorkeling equipments usually operate through own brand stores that exclusively sell equipments of their brand. These are known as exclusive brand outlets of the companies located in various countries across the world. The online sales of sports equipments have been gaining high popularity over the years. Online stores and hypermarkets have accounted for an equal share, being second highest contributors in 2017. Some of the major online retailers selling sports equipments are Amazon and Alibaba. Hypermarkets, department stores and supermarkets offer a closer evaluation of products and provide the required support and information to consumers, especially through expert customer service personnel. Some of the well-known stores include Walmart and Tesco.
Competition in the global snorkeling equipment market is highly fragmented due to the presence of large number of regional players. In the Americas, the competition is concentrated however, majority of market leaders have substantial control in terms of good share in 2017. Various manufacturing facilities are based in this region leading to large exports to countries. Similarly is the scenario in Europe. France and Italy have been major manufacturing hotspots. The major players in the market carry out both manufacturing as well as trading. Competition in APAC and Middle East & Africa is still in the growing phase & highly fragmented. Japan, Taiwan and Australia are popular manufacturing destinations. There are about 15-20 major snorkeling equipment manufacturers operating in the global market. These players compete against each other on the basis of parameters such as price, product differentiation (product portfolio size and product innovations), distribution network, geographical penetration/geographical presence and research & development activities.
Future Analysis and Projections
Global Snorkeling equipment market has been anticipated to showcase a sound growth at a CAGR of close to 6% during the forecast period (2017-2022). Growth during this period is expected to be supported by the rising popularity of snorkeling as a recreational and profession activity, increase in the number of snorkeling championships, increase in demand from tourists, increased awareness regarding fitness benefits of snorkeling, expanding geographical presence of major manufacturers, intensifying distribution channels, expansion of online retailing, new product launches, government initiative to promote the usage of protective Snorkeling equipments and others.
Key Topics Covered:
1. Executive Summary
- Market Potential
- Market Segmentation
- Competitive Landscape
- Future Analysis and Projections
2. Research Methodology
2.1. Market Definitions
2.3. Market Size and Modeling
- Approach - Market Sizing
- Variables (Dependent and Independent)
- Multi Factor Based Sensitivity Model
- Regression Matrix
3. Global Snorkeling Equipment Market Value Chain
- Value Chain in a Nutshell
4. Global Snorkeling Equipment Market, 2012-2017
5. Global Snorkeling Equipment Market Segmentation
5.1. By Equipments (Snorkels, Snorkeling Masks, Snorkeling Fins and Others), 2017
5.2. By Regions (Americas, Europe, APAC and Middle East and Africa), 2017
5.3. By Existing Demand & New Demand, 2017
5.4. By Distribution Channel (Company Stores and Specialty Stores, Hypermarkets, Online Stores and Others), 2017
5.5. By Price (Snorkels & Fins), 2017
6. Competition Landscape
6.1. Competition Scenario (Market Nature, Bargaining Power, Entry Barriers, Market Positioning and Competition Parameters), 2017
6.2. Market Share of Major Players (Aqua Lung, Cressi Sub, Seavenger and Others), 2017
6.3. Strengths and Weaknesses of Major Players (Cressi Sub, Seavenger and Tabata) in Global Snorkeling Equipment market
6.4. Company Profiles
6.4.2. Tabata Co., Ltd.
6.4.3. Other players (Apollo Sports & Aquatec - Duton Industry)
7. SWOT Analysis of Global Snorkeling Equipment Market
8. Global Snorkeling Equipment Market Future, 2018E-2022E
9. Global Snorkeling Equipment Future Market Segmentation, 2022E
9.1. By Equipment (Snorkels, Snorkeling Masks, Snorkeling Fins and others), 2022E
9.2. By Regions (Americas, Europe, APAC and MEA), 2022E
9.3. By Distribution Channel (Company Stores and Specialty Stores, Online Stores, Hypermarkets and Others), 2022E
10. Analyst Recommendations
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