South Korea (Republic of Korea) Scuba Diving Equipment Market Share to Reach a Value of USD 34.37 Million During 2021-2025
The scuba diving equipment market share in South Korea (Republic of Korea) is expected to grow by USD 34.37 million, accelerating at a CAGR of 5.24% during the forecast period. The increasing demand for adventure sports is notably driving market growth. However, an increasing number of counterfeit products may hamper the market value.
The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Scuba Diving Equipment Market Analysis in South Korea (Republic of Korea): View the Free Sample Report
Scuba Diving Equipment Market In South Korea (Republic Of Korea): South Korea (Republic of Korea) to lead market growth during the forecast period
- The scuba diving equipment market in South Korea (Republic of Korea) is segmented by product (apparel, rebreathers, computer and gauges, and others) and distribution channel (offline and online).
- The scuba diving equipment market growth in South Korea (Republic of Korea) by the apparel segment will be significant during the forecast period.
- The growth of the segment is driven by the increased sales of scuba diving suits in South Korea and an increase in e-commerce in the country.
Scuba Diving Equipment Market In South Korea (Republic Of Korea): Key Competitors
The market is fragmented due to the presence of several players. Amer Sports Corp., Aqua Lung International, ATOMIC AQUATICS, BEUCHAT INTERNATIONAL S.A.S, Big Blue 33 Corp., Cressi Sub Spa, Dive Rite, Johnson Outdoors Inc., Kinugawa Co. Ltd., and Mares Spa are some of the major market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Download the Free PDF Sample Report
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerating at a CAGR of 5.24%.
- What is the incremental growth of the market?
The market is expected to grow by USD 34.37 million.
- What is a key factor driving this market?
Increasing demand for adventure sports will drive market growth over the forecast period.
- Who are the leading market vendors?
The leading vendors in this market are Amer Sports Corp., Aqua Lung International, ATOMIC AQUATICS, BEUCHAT INTERNATIONAL S.A.S, Big Blue 33 Corp., Cressi Sub Spa, Dive Rite, Johnson Outdoors Inc., Kinugawa Co. Ltd., and Mares Spa
- What are the market segments covered in this report?
The market is segmented by Product (Apparel, Rebreathers, Computer and gauges, and Others) and Distribution Channel (Offline and Online).