Diving Suit Market Analysis, Size, Growth, Share & Forecast to 2025 | Grand View Research Inc.
“Diving Suit Market Size Worth $721.0 Million By 2025 | CAGR: 5.5%”
The global diving suit market size is expected to reach USD 721.0 million by 2025, expanding at a CAGR of 5.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising number of individuals participating in watersports across the globe is anticipated to propel market growth over the forecast period. Continuous innovations in material technology by market players have resulted in increased customer inclination toward the product. The advent and adoption of polytherm tri-laminate material and no-stitch technology in diving gear is expected to offer numerous opportunities for industry players. It will support companies to differentiate their product offering and provide better diving experience. Such innovations are anticipated to encourage consumers to replace their existing suits with improved versions. Increasing adoption of atmospheric suits for deep sea exploration is another trend that is gradually gaining prominence among consumers looking for a recreational dive. Additionally, such suits are gaining prominence across various end-use industries including oil and gas, military, and navy.
The trend of women participation in diving has been on a continuous rise over the past decade. Women are actively participating in almost every area where diving is required, including military and naval forces. Manufacturers are focusing on development of user-friendly and lightweight water sports wear, in order to enhance women’s preference toward their products. Such developments, coupled with rising female participation in water sports, have led market players to develop diving suits exclusively for women. It will thereby expand their product portfolio for the masses. Browse Details of Report @ https://www.grandviewresearch.com/industry-analysis/diving-suit-market
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