South Korea Scuba Diving Equipment Market 2016-2020 – Research and Markets

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Scuba
Diving Equipment Market in South Korea 2016-2020″ report to
their offering.

The scuba diving equipment market in South Korea to grow at a CAGR of
5.97% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the
scuba diving equipment market in South Korea for 2016-2020. To calculate
the market size, the report has taken into consideration the revenue
generated from the retail sales of scuba diving equipment to individual
consumers, as well as rental and sports clubs in South Korea. However,
the break-up of these end-users has not been provided in the report.

A trend which is helping to boost market growth is product improvements
in diving equipment and apparel. The growing number of value-added and
innovative scuba diving equipment launches is an important trend, which
is expected to have a positive impact on the market’s growth during the
forecast period. Vendors are focusing on the introduction of innovative
product offerings in terms of design, color, shape, and weight, to cater
to the varying needs of consumers. The transition from beginners to
seasoned recreational divers necessitates the use of diving equipment
that is required for diving deeper, staying underwater for longer
durations, and also requires carrying more equipment.

According to the report, a key growth driver is the rising interest in
shark diving. Shark diving is garnering huge popularity among both local
divers as well as tourists in South Korea in recent times, which is one
of the major factors driving the growth of the scuba diving equipment
market in the country. Shark diving in South Korea is now being promoted
as an eco-tourism initiative by the government, and is expected to
increase the interest for scuba diving among diving enthusiasts,
particularly among tourists.

Further, the report states that one challenge that could hamper market
growth is the high cost of scuba diving equipment.

The market is divided into the following segments based on
product type:

– Rebreathers

– Apparel

– Diving computers and gauges

– Others

Key vendors

– Aqua Lung International

– Beuchat International

– Johnson Outdoors

– Mares

– Nippon Sensuiki

Other prominent vendors

– American Underwater Products

– Aquatec-Duton Industry

– BAUER COMPRESSORS

– Body Glove International

– Cressi Sub

– Dive Rite

– Diving Unlimited International

– H2Odyssey

– Henderson Aquatics

– Huish Outdoors

– Sherwood Scuba

For more information visit http://www.researchandmarkets.com/research/wm9jvv/scuba_diving.

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