Market Overview:
The global diving oxygen scuba tanks market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing popularity of recreational diving, rising demand for lightweight and durable scuba tanks, and growing awareness about the health benefits of diving. Based on type, the metal segment is expected to account for a major share of the global diving oxygen scuba tanks market in 2018. This segment is projected to grow at a CAGR of 5.8% during the forecast period due to its high strength-to-weight ratio and durability. Composite tanks are also gaining popularity due their low weight and superior resistance against corrosion as compared with metal tanks. Based on application, amateur applications are estimated to account for a larger share of the global diving oxygen scuba tanks market in 2018 as compared with professional applications.
Product Definition:
A diving oxygen scuba tank is a type of scuba diving gear that provides divers with an alternative source of breathing gas in the event that their main supply becomes depleted. These tanks are filled with compressed oxygen, which can be used to breathe safely underwater for extended periods of time. Oxygen tanks are an important piece of dive gear, as they can provide a backup air supply in the event of an emergency.
Metal:
Metal is a key component in diving equipment as it provides support, enhances durability and increases strength. In scuba tanks metal plays an important role in providing structural integrity to the tank. It also helps to enhance the corrosion resistance of equipment by making it stronger. The growth factor for metal is expected to increase owing to growing demand for high-quality materials from diversified industry verticals such as construction, oil & gas and marine among others which are anticipated to drive market growth over the forecast period.
Composite:
Composite is a material made up of two or more substances, which are mixed at a fixed ratio to form the final product. The most common composite materials used in diving oxygen scuba tanks include fiberglass and carbon fiber. Fiberglass is made up of glass fibers, which are woven together with epoxy resin to form the final product.
Application Insights:
Amateur application is expected to be the fastest-growing professional segment over the forecast period. The demand for diving equipment, including oxygen tanks, masks and regulators, has been rising among hobbyists and professionals owing to its recreational value as well as benefits offered by it such as increased underwater visibility.
The amateur segment held a major share of more than 70% in 2017. This growth can be attributed to growing popularity of scuba diving among amateurs across the globe due to availability of easy access points along with low cost involved in its practice which has resulted in higher penetration rate compared to pro dosing which is expectedto drive growth over next seven years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position through 2030, owing to increasing demand from professional and amateur divers across U.S., Canada, and Mexico. In addition, growing tourism sector in Mexico is anticipated to fuel product demand over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to high popularity of diving as a recreational activity among people across countries such as France, Spain, Italy Germany etc.; which are also major application markets for diving tanks products including oxygen Scuba systems (DCS). However; lack of proper infrastructure coupled with stringent safety standards may hinder growth during the forecast period.
Asia Pacific is projected to be fastest-growing regional market from 2018 to 2030 due rising population along with rapid development witnessed by emerging economies such China & India etc.; which are also major manufacturing hubs for these products including oxygen Scuba systems (DCS).
Growth Factors:
- Increasing demand for diving oxygen tanks owing to the growing popularity of scuba diving as a recreational activity.
- Rising disposable income of consumers, which is resulting in an increase in the number of people indulging in recreational activities such as scuba diving.
- Proliferation of online stores that offer discounts on scuba diving equipment, including oxygen tanks, further fuelling demand for these products.
- Growing awareness about the health benefits associated with regular participation in water-based activities such as swimming and snorkelling, which is driving more people to take up SCUBA diving as a hobby or sport.
Scope Of The Report
Report Attributes
Report Details
Report Title
Diving Oxygen Scuba Tanks Market Research Report
By Type
Metal, Composite, Others
By Application
Amateur Application, Professional Application
By Companies
Sherwood, InnerSpace Systems, Submersible Systems, Sherwood Scuba, Interspiro, Northern Diver, KISS Rebreathers, Ursuit, Al-can
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Diving Oxygen Scuba Tanks Market Report Segments:
The global Diving Oxygen Scuba Tanks market is segmented on the basis of:
Types
Metal, Composite, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Amateur Application, Professional Application
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sherwood
- InnerSpace Systems
- Submersible Systems
- Sherwood Scuba
- Interspiro
- Northern Diver
- KISS Rebreathers
- Ursuit
- Al-can
Highlights of The Diving Oxygen Scuba Tanks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal
- Composite
- Others
- By Application:
- Amateur Application
- Professional Application
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Diving Oxygen Scuba Tanks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Diving oxygen tanks are cylinders of compressed air that divers use to breathe while underwater.
Some of the key players operating in the diving oxygen scuba tanks market are Sherwood, InnerSpace Systems, Submersible Systems, Sherwood Scuba, Interspiro, Northern Diver, KISS Rebreathers, Ursuit, Al-can.
The diving oxygen scuba tanks market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Diving Oxygen Scuba Tanks Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Diving Oxygen Scuba Tanks Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Diving Oxygen Scuba Tanks Market - Supply Chain
4.5. Global Diving Oxygen Scuba Tanks Market Forecast
4.5.1. Diving Oxygen Scuba Tanks Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Diving Oxygen Scuba Tanks Market Size (000 Units) and Y-o-Y Growth
4.5.3. Diving Oxygen Scuba Tanks Market Absolute $ Opportunity
5. Global Diving Oxygen Scuba Tanks Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Type
5.3.1. Metal
5.3.2. Composite
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Diving Oxygen Scuba Tanks Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Application
6.3.1. Amateur Application
6.3.2. Professional Application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Diving Oxygen Scuba Tanks Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Diving Oxygen Scuba Tanks Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Diving Oxygen Scuba Tanks Demand Share Forecast, 2019-2026
9. North America Diving Oxygen Scuba Tanks Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Application
9.4.1. Amateur Application
9.4.2. Professional Application
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Type
9.7.1. Metal
9.7.2. Composite
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Diving Oxygen Scuba Tanks Demand Share Forecast, 2019-2026
10. Latin America Diving Oxygen Scuba Tanks Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Application
10.4.1. Amateur Application
10.4.2. Professional Application
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Type
10.7.1. Metal
10.7.2. Composite
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Diving Oxygen Scuba Tanks Demand Share Forecast, 2019-2026
11. Europe Diving Oxygen Scuba Tanks Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Application
11.4.1. Amateur Application
11.4.2. Professional Application
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Type
11.7.1. Metal
11.7.2. Composite
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o- Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Diving Oxygen Scuba Tanks Demand Share, 2019-2026
12. Asia Pacific Diving Oxygen Scuba Tanks Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Application
12.4.1. Amateur Application
12.4.2. Professional Application
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Type
12.7.1. Metal
12.7.2. Composite
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Diving Oxygen Scuba Tanks Demand Share, 2019-2026
13. Middle East & Africa Diving Oxygen Scuba Tanks Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Application
13.4.1. Amateur Application
13.4.2. Professional Application
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Diving Oxygen Scuba Tanks Market Size and Volume Forecast by Type
13.7.1. Metal
13.7.2. Composite
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Diving Oxygen Scuba Tanks Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Diving Oxygen Scuba Tanks Market: Market Share Analysis
14.2. Diving Oxygen Scuba Tanks Distributors and Customers
14.3. Diving Oxygen Scuba Tanks Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Sherwood
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. InnerSpace Systems
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Submersible Systems
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sherwood Scuba
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Interspiro
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Northern Diver
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KISS Rebreathers
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ursuit
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Al-can
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
