The global snorkeling equipment market is anticipated to witness a stable CAGR during the forecast period (2018 to 2023), according to a report available on Million Insights. Snorkeling is a popular water based sports activity similar to scuba diving. According to the sport, an individual swims through a body of water using basic equipment such as shaped breathing tube, diving mask, and swimfins. The diving mask helps in getting clear view of the underwater world. The tube called snorkel allows participants to breathe normally while surfacing the water body.
Growing adoption of recreational activities and adventure sports among people is anticipated to propel market growth. People are interested in exploring and discovering various forms of underwater life and habitats in subtropical, tropical, and polar locations. In addition, increasing use of lightweight yet durable material to make sports equipment is likely to gain traction among consumers.
Consumers prefer quality products to remain safe and comfortable while swimming underwater. This factor is expected to impel market growth in the coming years. Moreover, changing consumer preference for snorkeling over other water sports activities such as spear fishing, scuba diving, and surfing will drive the market. The sport is cost effective and requires no professional training for participation. To cater to rising demand, manufacturing companies are investing in R&D activities to develop innovative products. For instance, in March 2019, FINIS launched stability snorkel for competitive swimmers.
Access full report on global Snorkeling Equipment Market: https://www.millioninsights.com/industry-reports/snorkeling-equipments-market
The snorkeling equipment market can be segregated on the basis of equipment type, distribution channel, and region. Based on equipment type, the market can be categorized into snorkels, face masks, and fins. On the basis of distribution channel, the market can be classified into sports and specialty stores, online retailing, hypermarket and supermarket, and rentals.
Regional segmentation includes Europe, North America, Asia Pacific, Latin America, and Middle East and Africa. North America is anticipated to dominate the market over the forecast period. This is attributed to presence of large number of snorkeling cites in the region. In addition, increasing number of snorkelers owing to growing awareness regarding health benefits of snorkeling is expected to impel regional growth. Rising focus on fitness, flexibility, stress busters, and cardio among health conscious people is likely increase their participation in recreational sports. This factor is likely to boost demand for appropriate training and equipment to prevent underwater accidents.
Asia Pacific, on the other hand, is expected to witness fast growth in terms of market share owing to growth of tourism and adventure water sports in the region. Australia and South Korea are likely to be the major contributors to the revenue. Great Barrier Reef is considered as prime tourist destination in Australia as it has more 2900 individual reefs. In South Korea, places such as Sinuido, Seonjaedo, Hongdo, Ulleungdo, Cheongsando, and Deokjeokdo are popular snorkeling sites among locals and tourists. Some of the key players in the snorkeling equipment market are Aqua Lung International, Cressi, Seavenger, Beuchat International, and Johnson Outdoors.
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