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The global snorkeling equipment market is anticipated to grow at a steady rate and will post a CAGR of close to 2% during the forecast period. The low training cost associated with snorkeling activity will drive the growth prospects for the global snorkeling equipment market during the forecast period. Snorkeling is a popular recreational activity that can be enjoyed by anyone who has access to the ocean, a lake, a river, or a pond. Unlike other activities such as the scuba diving, it does not require any complicated equipment, training, and certifications and is one of the major factors that foster the market’s growth.
Furthermore, another activity known as the skin diving is a specific kind of snorkeling that requires the divers to hold their breath underwater to observe aquatic life and explore marine species. Several training courses are available to instruct skin diver enthusiasts such as the Professional Association of Diving Instructors (PADI) Skin Diver. Some of the techniques that are covered by the course are checking buoyancy, surface swimming, clearing water from the snorkel, and performing effortless surface dives.
In terms of geography, the Americas accounted for the maximum market share during 2015 and will continue to dominate the market in the coming years. Some of the factors that encourage snorkeling activities in the region are the presence of a large number of snorkeling sites, increased awareness of a healthy lifestyle, and the growing number of snorkelers. Also, since snorkeling activity is one of the important sports in the US, it accounts for a major portion of the market’s revenue. Another factor that drives the market’s growth is the increasing adoption of new technologies by the companies to offer a better and eco-friendly equipment.
The market is highly fragmented due to the presence of a large number of big and mid-sized competitors. The market vendors are adopting advanced technological methods to produce snorkeling equipment that leads to an increased demand for the equipment. Also, because of the growing interests in water sports activities, the production capacity of equipment is increasing. Furthermore, the competitors are competing based on factors such as the price, quality, brand, and variety.
In 2015, the snorkels segment accounted for the maximum market share and will continue to dominate the market during the forecast period. The major factors that drive the market segment’s growth are its increased application by the users and the introduction of improved features in these products.
The sports and specialty stores segment accounted for the maximum market share during 2015 and will continue to dominate the market during the forecast period. One of the major factors that drive the demand for these outlets is the availability of popular brands of snorkeling equipment and a wide range of product portfolios.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PESTLE analysis
PART 06: Market segmentation by product
PART 07: Market segmentation by retail format
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Competitor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: Explore Technavio
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