Lewes, DE -- (SBWire) -- 07/19/2016 --Report forecast the scuba diving equipment market in South Korea to grow at a CAGR of 5.97% during the period 2016-2020.
Underwater diving using a self-contained underwater breathing apparatus is known as scuba diving. In scuba diving, divers carry their own supply of air for breathing and other necessary equipment. The scuba diving equipment market in South Korea is highly competitive with several vendors supplying specialized diving gear with innovative features.
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.
The market is divided into the following segments based on product type:
- Rebreathers
- Apparel
- Diving computers and gauges
- Others
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.
Scuba Diving Equipment Market in South Korea 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the scuba diving equipment market in South Korea: Aqua Lung International, Beuchat International, Johnson Outdoors, Mares, and Nippon Sensuiki.
Other Prominent Vendors in the market are: 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.
Market driver
- Increasing interest in shark diving
- For a full, detailed list, view our report
Market challenge
- High costs of scuba diving equipment
- For a full, detailed list, view our report
Market trend
- Product improvements in diving equipment and apparel
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 64 pages and 33 Exhibit "Scuba Diving Equipment Market in South Korea 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by retail formats, Key leading destinations, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/scuba-diving-equipment-market-south-korea-2016-2020
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