International tourist arrivals and international tourism expenditure has been increasing at a steady pace, 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 Analysis and Insights: Global Snorkeling Equipment Market
Due to the COVID-19 pandemic, the global Snorkeling Equipment market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Snorkels accounting for % of the Snorkeling Equipment global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Company Stores segment is altered to an % CAGR throughout this forecast period.
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.
Global Snorkeling Equipment Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Snorkeling Equipment Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Snorkels
Snorkeling Masks
Snorkeling Fins
Others
Segment by Application
Company Stores
Specialty Stores
Hypermarkets
Department Stores
Supermarkets
Online
Others
By Company
Seavenger
Tabata
Apollo Sports
Aquatec
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina