The global diving equipment market is expected to grow at a CAGR of 4.0% during the forecast period (2022-2028). Thermoplastic elastomer (TPE) materials meet the requirements for the production of dynamic diving equipment and gear. These include flexibility, durability, versatility in the design and colorization, safety, recyclability, and more. Kraiburg TPE’s Thermolast K TPE is a suitable compound for diving equipment applications. Thermolast K TPE series exhibits excellent UV and weather resistance that suits a diverse range of diving equipment components. The compounds can be used to manufacture diving masks, fins, regulators, gloves, dive computers, snorkels, underwater lights and more, all of which are constantly exposed to sunlight and sea water. In addition, grades are sebum-resistant for applications requiring a firm, however, user-friendly grip; and excellent sealing for gaskets and sealing applications. Thermolast K TPE is also suitable for underwater diving lamp applications, whereby the housing is molded from polypropylene (PP) and overmolded with the TPE cover and seal.
Some major players in the market include Aqua Lung International, Cobham plc, and Drägerwerk AG & Co. KGAA, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in Jan 2022, Northern Diver International, who are based in Appley Bridge, have signed a five-year $29.4 million deal which will see them deliver to the Royal Navy and the Army. This will enhance the UK’s diving capability by supplying apparel, specialist equipment and voice communication systems that can be used up to a depth of 30m underwater. Northern Diver has invested heavily in R&D, staff training and infrastructure over the last three years in preparation for such an opportunity.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Aqua Lung International, Cobham plc, and Drägerwerk AG & Co. KGAA, among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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Global Diving Equipment Market Report by Segment
By Type
- BCD and Regulator
- Cylinder and Diving Propulsion Vehicle
- Decompression Chamber
- Exposure Suit
- Accessories
By Application
- Defense
- Commercial
By Distribution Channel
- Online
- Offline
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