Market Research Reports - Ken Research Global Snorkeling Equipment Market

Global Snorkeling Equipment is Expected to Reach USD 2.14 Billion by 2022 Owing to Rise in Popularity of Snorkeling Amongst Tourists and Growth Experienced in APAC Region: Ken Research Global snorkeling equipment market by equipments (Snorkels, Snorkeling Masks, Snorkeling Fins and Other Snorkeling Accessories), by region (Americas, Europe, APAC and MEA) by demand from customers (repeat and new customers) and by distribution channel (Company Stores & Specialty Stores, Hypermarkets, Online Stores, Small Retail Stores), by prices of equipments including snorkels and fins along with company profiles for major players (Seavenger, Tabata Co. Ltd., Apollo Sports and Aquatec - Duton Industry) Snorkels in the price range of USD 50 or less are the highest selling products in the market. These are generally bought by retail customers through company stores, specialty stores, online stores and in hypermarkets. Whereas, snorkeling fins priced USD 100 or less are highest selling price category of fins primarily sold through company stores. The US has been the market leader in terms of manufacturing and consumption demand of Snorkeling equipments worldwide. Leading players are originally from Europe which includes Aqua Lung and Cressi Sub. These players would dominate the competition landscape even in the forecast period due to higher investments done towards new product launches and brand marketing activities. Japan, Australia, New Zealand, Taiwan, South Korea have been major countries in APAC facilitating fast-pace growth in the market. These regions would dominate in the coming future with rise in both consumption and production activities. The Snorkeling Equipment Manufacturers in the market are expected to focus more on innovative product offerings with respect to design, color, shape and weight, to meet the needs of individual consumers. The launch of innovative products in the market shall raise the replacement demand for the equipments. Additionally, competitors are focusing on developing advanced snorkeling fins that are better than regular fins currently available in the market. Many types of equipments are manufactured using high-tech materials that are strong yet lightweight, flexible and resistant to chemicals, which are being marketed by global competitors. Subsequently, consumers now prefer purchasing equipment with new and improved features that suit their specific needs. This, therefore, is likely to escalate the growth of global snorkeling equipment market during the forecast period. The region Americas is expected to dominate the market in the coming five years, owing to an increased participation rates and popularity of new snorkeling sites in the region. The US is expected to be the leading country in this region. Some of the best snorkeling sites in the country like Virginia Beach, Block Island, Riviera Beach, Key Largo and Kankakee are expected to attract more tourists. APAC is