Watersports Drysuit Market REPORT OVERVIEW
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The global watersports drysuit market size is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.
A diving suit is a piece of clothing made to protect a diver from the subaquatic environment. Many other uses for diving suits include research and development, rescue operations, and recreation, to mention a few. Dive equipment, often known as diving gear and any other equipment, is some of the supplementary accessories needed for deep sea diving. To protect themselves from the chilly water, divers often dress in drysuit. It is a body-covering, waterproof garment that keeps the diver warm even in frigid water. Drysuit for diving are essential because they keep users warm and comfortable in chilly environments.
Wearing a dry suit provides thermal insulation while protecting the wearer from the elements. Preventing water infiltration is a dry suit's primary purpose. Dry suits are generally unpleasant in hot or warm weather and tropical environments. Wearing a dry suit provides thermal insulation while protecting the wearer from the elements. Preventing water infiltration is a dry suit's primary purpose. Dry suits are generally very unpleasant in hot or warm weather and tropical environments.
COVID-19 Impact: Ban on Public Pools During Lockdown Affected Market Growth
The pandemic had an unprecedented impact on the watersports drysuit market growth, which impeded demand for watersport drysuit. The public pools and waterparks were shut to avoid the virus spreading. The major drysuit market comes from the tour and tourism industry, and traveling was banned during the pandemic, which halted the watersports drysuit market growth.
LATEST TRENDS
"Rising Adoption of Swimming as a Physical Activity to Drive Major Market Trends"
The pandemic outbreak increased health consciousness among the population, which led them to the steady adoption of watersports. It also encourages the demand for watersports drysuit, further propelling market growth. Customers take an active interest in being fit and healthy. Water activities benefit your health since they reduce your risk of contracting many disorders, including chronic illnesses. As a result, more people are taking an interest in aquatic activities. Watersports are typically portrayed as being exciting. These pursuits promote a sense of connectedness to the natural world and increase environmental awareness. This effect increases interest in sports such as boating, surfing, swimming, rowing, and others.
Watersports Drysuit Market Segmentation
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- By Type Analysis
By type, the market is segmented into men and women.
- By Application Analysis
Based on application, the market is classified into professional and amateur.
DRIVING FACTORS
"Expansion of Online Retailers to Surge the Demand for Drysuit"
Due to the continued growth of online retailers, it is projected that the market for water sports equipment will see an increase in value sales. Equipment such as dive computers, buoyancy control devices (BCD), safety helmets, life jackets, and other items keep water sports participants from getting wounded, which is what is driving the industry's expansion. The market is growing as a result of rising interest in water sports. The sector is expanding due to multiple initiatives taken by governments of various countries to promote watersports and aquatic tourism. However, the low adoption of water sports equipment in developing regions is expected to restrain watersports drysuit market growth for water sports equipment over the anticipated period.
"Rising Popularity of Watersports to Boost Market Growth"
The popularity of watersports among consumers has increased recently. Water sports such as boating, scuba diving, wakeboarding, water skiing, and freediving have become increasingly popular. Water sports are thrilling, action-packed, enjoyable, and adventurous, attracting an increasing number of individuals. Also, including water sports in national and international competitions promotes the expansion of the diving suit watersports drysuit market.
RESTRAINING FACTORS
"High Cost of the Product May Challenge Market Growth"
The watersports drysuit market growth is anticipated to be hindered by the high cost of raw materials and the cost of product innovation. Additionally, the availability of cheap alternatives is also anticipated to challenge the watersports drysuit market growth.
Watersports Drysuit Market REGIONAL INSIGHTS
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"North America to Lead the Market Due to the Growing Water-Based Activities"
North America is expected to lead the waterproof drysuit market share due to the rising scuba diving tourism and other water-based activities across Mexico, the U.S., and Canada.
Europe is estimated to show significant growth due to the rising popularity of underwater sports activities such as spearfishing, kayaking, snorkeling, freediving, and others.
KEY INDUSTRY PLAYERS
"Key Companies to Emphasis On the Development of Advanced Technology"
Key market players are investing heavily on the research and development of the product. Companies are also paying focus on launching advanced products. Emphasis on gaining collaborations, mergers, and acquisitions is increasing among leading players. The major market players are striving to maintain partnerships with other key players in the same industry. Gaining partnerships with other companies will develop a strong consumer base in the global market. The key competitors are adopting organic and inorganic growth strategies to surge their market share in the global market.
List of Market Players Profiled
- AZTRON (China)
- Ursuit (U.S.)
- Ordana (India)
- Forward WIP (U.S.)
- ION (U.S.)
- Crewsaver (U.S.)
- Gul Watersports (U.K.)
- Prolimit (South Africa)
- Dry Fashion Sportswear GmbH (Germany)
- HIKO SPORT s.r.o. (Czechia)
- SeaBird Designs (Norway)
REPORT COVERAGE
The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2021 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.
Frequently Asked Questions
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What are the segments of the watersports drysuit market?
By type, the watersports drysuit market is segmented into men and women. Based on application, the market is classified into professional and amateur.
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Which are the driving factors of the watersports drysuit market?
Expansion of online retailers to surge the demand for drysuit and the rising popularity of watersports to boost market growth are the factors driving the watersports drysuit market.
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Which region is likely to lead the global watersports drysuit market?
North America is forecasted to lead the global watersports drysuit market.
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Which are the top companies operating in the watersports drysuit market?
AZTRON, Ursuit, Ordana, Forward WIP, ION, Crewsaver, Gul Watersports, StandOut SUP Wear, Prolimit, Dry Fashion Sportswear GmbH, HIKO SPORT s.r.o., and SeaBird Designs are the top companies operating in the watersports drysuit market.
