Email
Print
According to the latest market research report on the Underwater Scooter Market, published by IndustryARC, The underwater scooter market is experiencing substantial growth, largely due to the rising participation in water sports and recreational activities globally. These underwater propulsion devices, also known as diver propulsion vehicles (DPVs), enhance mobility and excitement for those exploring marine environments.
The Underwater Scooter Market research report is segmented By Type: Seascooter, Diver Propulsion Vehicle (DPV), Others; By Application: Recreational, Professional; By Distribution Channel: B2B (online/offline), B2C (online/offline); and By Geography, which provides a comprehensive analysis of the global market & industry forecast (2024 - 2030).
Request Sample Research Report: https://www.industryarc.com/pdfdownload.php?id=800817
North America Anticipated to Show the Fastest Growth in the Market:
North America dominated the dominated the Underwater Scooter market in 2024. The increasing level of awareness and interest in water sports and activities, including scuba diving and snorkelling, contributing to the demand for underwater scooters. According to the US Bureau of Economic Analysis, the growth in the coastal and offshore tourism and recreation sector, which saw an increase of 8.1% or $16.5 billion, significantly contributed to the marine economy's expansion in 2022. This surge to $219.7 billion underscores the rising popularity of water-based activities and highlights a key growth factor for the underwater scooter market in the US. As more people engage in coastal and offshore recreation, the demand for innovative water sports equipment, including underwater scooters, is likely to rise, driven by this expanding market.
Underwater Scooter Market 2024 - 2030: Scope of the Report
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Get Access to the Full Research Report: https://www.industryarc.com/Research/underwater-scooter-market-800817
Underwater Scooter Market Report – Key Takeaways:
• Growing Demand for Underwater Scooters
The underwater scooter market is experiencing significant growth, driven by the rising popularity of water sports activities, particularly scuba diving. For example, Scuba diving is one of the fastest-growing water sports activities. According to the data from the 2023 Sports & Industry Association’s Topline Participation Report, 2.7 million Americans, less than 1% of the US population, scuba dived at least once in 2022, representing a 7.3% increase on the previous year. Also, casual divers’ participation rate rose by 12.1%. With a significant rise in participation rates among divers, there is a growing demand for underwater scooters that enhance the diving experience.
• Consolidated Market
The underwater scooter market is consolidated by the presence of a few dominant players that control a significant portion of the market share. In the underwater scooter market, the top 5 players accounted for about 58.37% of the market revenue in 2023. Yamaha Seascooter with a 31.77% share is leading the market with its range of initiatives and technologies.
• Market Challenges
Underwater scooters are expensive, which may limit their appeal to a broader audience. High upfront costs can deter potential buyers and restrict market growth. Also, strict regulations and safety standards in North America can pose challenges for manufacturers. Compliance with these regulations can increase costs and affect product availability.
• EU Export Dominance in Water Sport Equipment Boost the Underwater Scooter Market
The underwater scooter market in Europe is thriving and influenced by the rising popularity of water sports and recreational activities. As part of the broader category of water sports equipment, underwater scooters contribute significantly to the EU's export figures for sporting goods. According to Eurostat, 'boats and water sports equipment' were the leading categories of sporting goods exported from the EU, representing 28.2% of all exports to destinations outside the EU in 2022. The high percentage of exported water sports equipment highlights the significant role of European manufacturers in the global market. The underwater scooter segment benefits from this trend, with European products being well-regarded for their quality and innovation.
Purchase this Premium Report: https://www.industryarc.com/reports/request-quote?id=800817
Key Opportunity Analysis:
Integration of Advanced Technologies
Incorporating cutting-edge technologies such as 3D printing into underwater scooter manufacturing presents significant opportunities for innovation and customization. For instance, the AMAZEA underwater scooter utilizes large-format 3D printing for its body and front parts, allowing for rapid prototyping and personalized designs.
Expansion into Commercial and Professional Sectors
Beyond recreational use, underwater scooters are finding applications in commercial and professional activities, including underwater inspections and marine research. Their ability to enhance mobility and efficiency underwater makes them valuable tools for professionals in various marine industries.
Growth in Marine Tourism and Water Sports
The increasing popularity of water sports and underwater adventures is driving demand for underwater scooters. As more individuals seek unique underwater experiences, there is a growing market for devices that enhance exploration and enjoyment of aquatic environments.
If you have any questions, please feel free to contact our experts at: https://connect.industryarc.com/lite/schedule-a-call-with-our-sales-expert
The Report also Covers the Following Areas:
• Underwater Scooter Market Size and Forecast
• Underwater Scooter Market Trends
• Underwater Scooter Market Analysis by Type
Underwater Scooter Market 2024-2030: Key Highlights
• CAGR of the market during the forecast period 2025 - 2030
• Value Chain analysis of key stakeholders
• Detailed analysis of market drivers and opportunities during the forecast period
• Underwater Scooter market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Underwater Scooter Market
Covid and Ukrainian Crisis Impact:
• The COVID-19 pandemic has caused significant disruptions in global supply chains which has impacted the availability and cost of raw materials as well as the transportation of finished products. This has resulted in increased lead times, reduced production, and higher costs. Additionally, the pandemic has caused delays in investment in new capacity and infrastructure which could impact the long-term supply and demand dynamics in the market.
• The Ukraine and Russia conflict led to an increase in prices and reduction in production which further led to a shortage of Underwater Scooter. Many companies have shut business in Russia; temporarily shutting down their plants in Ukraine. Additionally, the crisis in Ukraine has also led to a reduction in investments in the Underwater Scooter market as companies are hesitant to invest in a region that is facing political and economic instability. This could impact the long-term supply and demand dynamics of the market.
To Get a Customized Industry Analysis, Speak with our Research Analyst: https://connect.industryarc.com/lite/schedule-a-call-with-our-sales-expert
List of Top Companies in the Underwater Scooter Market:
The Underwater Scooter Market is concentrated as the majority share is held by the leading Underwater Scooter providers. The key companies profiled are listed below:
• Yamaha Seascooter
• Sublue
• Bonex
• Dive-Xtras Cuda
• SeaScooter UK
• Apollo Sports USA Inc.
• MARINE TECH SA
• ASIWO
• TUSA
• Waydoo Tech
• Sea-Doo Aqua Lounge
• CAYAGO AG
Related Reports:
Mobility Aids and Transportation Equipment Market - Mobility Aids and Transportation Equipment Market Size is forecast to reach $9562 Million by 2030, at a 6.10% during forecast period 2024-2030. The advancements in medical equipment technology and increasing number of old age homes are driving this market. The major share of market is dominated by manual wheel chairs followed by walking aids valued at $3180 million and $1149.8 anticipated to grow at a CAGR 5.4% and 4.3% during 2024 to 2030.
Electric Vehicle Market – Electric Vehicle Market Size is forecast to reach $1900344.0 Million by 2030, at a CAGR of 27.19% during forecast period 2024-2030.. Plug-in Hybrid Electric Vehicles is modern electric propulsion, consisting of electric machines, power electronic converters, electric energy sources such as fuel cells and storage devices, and electronic controllers.
Service Robotics Market - Service Robotics Market Size is forecast to reach $ 94,731 Million by 2030, at a CAGR of 15.40% during forecast period 2024-2030. Robots that are used to carry out tasks that are not related to industrial automation and manufacturing are called service robots. These robots can be personal service robots that can be used to perform tasks such as cleaning of homes, pools, mowing of lawns, among several others.
Korea Robot Cleaner Market - The Korea Robot Cleaner Market size is forecasted to reach $1,102.2 million by 2030, growing at a CAGR of 13.2% from 2024 to 2030. The demand for Robot cleaners is expanding among various sectors such as commercial and industrial to deliver quick mopping and sweeping and is set to be the major driver for the growth of the Korea Robot Cleaner Market over the forecast period 2024-2030.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: [email protected]
USA: (+1) 518-282-4727
Web: https://www.industryarc.com
Follow us on: LinkedIn | Facebook | Twitter