Scuba Tanks Market Report 2024 (Global Edition)

Global Scuba Tanks Market Report 2024 Market Size Split by Type (BCD & Regulator, Cylinder & Diving Propulsion Vehicle, Decompression Chamber, Exposure Suit, Accessories), by Application (Recreational...

Scuba Tanks Market Report Description

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Competitive Landscape of the Scuba Tanks Market

The Scuba Tanks Market features a competitive landscape with key players such as Luxfer Gas Cylinders, Catalina Cylinders, Worthington Industries, and Faber Industrie dominating the market. These companies focus on product innovation, quality, and strategic partnerships to maintain their market position and meet the evolving needs of divers worldwide.

Scuba Tanks Industry News

In March 2021, Luxfer Group successfully completed the acquisition of Structural Composites Industries, enhancing Luxfer's position in the composite materials sector and broadening its market reach.  

(Source: https://www.luxfercylinders.com/news/luxfer-acquires-structural-composites-industries/#:~:text=The%20newly%20acquired%20business%2C%20based,to%20the%20Luxfer%20brand%20name.)

Top Companies Market Share in Scuba Tanks Industry: (In no particular order of Rank)

• Luxfer Gas Cylinders
• Catalina Cylinders
• Worthington Industries
• Faber Industrie S.p.A.
• PST Diving Equipment
• Sherwood Scuba
• Hengxing Machinery
• Sub Aquatic Supplies Ltd.
• Catalina Cylinders LLC
• Faber Dive Gear
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of Scuba Tanks     

Which Region will dominate the Scuba Tanks Market in 2024?

According to Cognitive Market Research, the Scuba Tanks Market in North America remains dominant in 2024, propelled by a robust ecosystem comprising key industry players, substantial uptake by both recreational and professional divers, and well-developed infrastructure catering to water sports enthusiasts. This region's leadership position is further reinforced by stringent safety standards, technological innovations, and a thriving diving tourism sector, contributing significantly to market growth and stability.

Which Region is Expanding at the Fastest CAGR?

On the other hand, the Asia Pacific region is experiencing rapid expansion with the highest Compound Annual Growth Rate (CAGR) in the Scuba Tanks Market in 2024. This growth is fueled by a surge in adventure tourism, a rise in disposable income among consumers, and heightened awareness regarding underwater exploration. Notably, countries such as China, India, and Australia are leading this growth trend with their thriving diving industries and growing interest in marine adventures.

The current report Scope analyzes Scuba Tanks Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Scuba Tanks Market

According to Cognitive Market Research, the global Scuba Tanks Market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8 % from 2024 to 2031. The increase can be attributed to the growing number of diving enthusiasts and the popularity of outdoor recreation activities. Within the Scuba Tanks Market, the BCD & Regulator segment has garnered significant popularity, propelled by the strong demand for comprehensive diving equipment sets and cutting-edge diving gear among enthusiasts in the region. As diving becomes increasingly popular as a recreational and leisure activity, individuals seek advanced equipment like buoyancy control devices (BCDs) and regulators to enhance their diving experiences. This trend underscores the region's focus on providing divers with top-notch gear that ensures safety, comfort, and performance underwater. The BCD & Regulator segment's prominence highlights its essential role in meeting the needs and preferences of diving enthusiasts, contributing to the overall growth and dynamism of the Scuba Tanks Market within the realm of outdoor recreation and aquatic sports.

• According to Cognitive Market Research, the US had a major share in the Scuba Tanks Market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 1.6% during the forecast period. The demand is amplified by the nation's Diving enthusiasts and Outdoor recreation. 

• The Canada Scuba Tanks Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 2.6% during the forecast period. Canada's rising interest in underwater sports and mobile activity.
• The Mexico Scuba Tanks Market is projected to witness growth at a CAGR of 2.3 % during the forecast period with a market size of USD XX million in 2024.

Europe Scuba Tanks Market

According to Cognitive Market Research, with a market value of USD XX million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 2.1 % from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD XX million. The increase in demand can be attributed to the growth of adventure tourism and the water sports industry. Within the Scuba Tanks Market, the Cylinder & Diving Propulsion Vehicle segment has gained considerable popularity, showcasing the region's focus on professional diving services and underwater exploration activities. As adventure enthusiasts and water sports aficionados seek thrilling experiences in aquatic environments, the demand for diving propulsion vehicles and cylinders has surged. This trend underscores the region's commitment to providing advanced equipment and services for divers engaged in exploration, marine research, and recreational diving. The Cylinder & Diving Propulsion Vehicle segment's prominence highlights its crucial role in facilitating safe and efficient underwater mobility, catering to the diverse needs of professionals and enthusiasts alike in the dynamic adventure tourism and water sports sectors.

• The United Kingdom Scuba Tanks Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 2.9 % during the forecast period. In the UK, Scuba Tanks sales witness an upswing due to the nation's Adventure tourism and Water sports industry. 

• The France Scuba Tanks Market is projected to witness growth at a CAGR of 1.3 % during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany Scuba Tanks Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 2.3 % during the forecast period. In Germany, Scuba Tanks sales surge due to the nation's public interest and monetary support. 
• The Italy Scuba Tanks Market is projected to witness growth at a CAGR of 1.5% during the forecast period with a market size of USD XX million in 2024.
• The Russia Scuba Tanks Market is projected to witness growth at a CAGR of 1.1% during the forecast period with a market size of USD XX million in 2024.
• The Spain Scuba Tanks Market is projected to witness growth at a CAGR of 1.2% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg Scuba Tanks Market is projected to witness growth at a CAGR of 2.2% during the forecast period with a market size of USD XX million in 2024.
• The Portugal Scuba Tanks Market is projected to witness growth at a CAGR of 1.9% during the forecast period with a market size of USD XX million in 2024.
• The Greece Scuba Tanks Market is projected to witness growth at a CAGR of 2.4% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Europe Scuba Tanks Market is projected to witness growth at a CAGR of 0.8% during the forecast period with a market size of USD XX million in 2024.

 

Asia Pacific Scuba Tanks Market

According to Cognitive Market Research, the global Scuba Tanks Market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9 % from 2024 to 2031. The increase can be attributed to the growth of the diving and tourism sectors, alongside the rising popularity of scuba diving. Within the Scuba Tanks Market, the Exposure Suit segment emerges as a favored option, propelled by the region's plethora of diving destinations and the necessity for thermal insulation during underwater adventures. As more individuals explore the underwater world for leisure and professional purposes, the demand for exposure suits, which provide crucial thermal protection, experiences a notable surge. This trend reflects the increasing emphasis on safety and comfort in diving activities, thereby driving the growth of the Scuba Tanks Market. The Exposure Suit segment's prominence highlights its pivotal role in ensuring divers' well-being and enhancing their overall diving experience in diverse underwater environments across the region's thriving diving and tourism sectors.

• According to Cognitive Market Research, the China Scuba Tanks Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.1 % during the forecast period. Scuba Tanks sales surge in China due to the nation's diving sector and tourism sector.

• The Japan Scuba Tanks Market is projected to witness growth at a CAGR of 4.1 % during the forecast period with a market size of USD XX million in 2024.
• The India Scuba Tanks Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 7.4% during the forecast period. The demand is augmented by India's Scuba diving popularity and public interest.
• The South Korea Scuba Tanks Market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2024.
• The Australia Scuba Tanks Market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia Scuba Tanks Market is projected to witness growth at a CAGR of 6.6% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Scuba Tanks Market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD XX million in 2024.

South America Scuba Tanks Market

According to Cognitive Market Research, the global Scuba Tanks Market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0 % from 2024 to 2031. The rise in demand can be attributed to the growing number of water sports enthusiasts, diving enthusiasts, and participants in marine activities. In the Scuba Tanks Market, the Accessories segment has garnered significant popularity, thanks to its diverse array of diving accessories like masks, fins, and dive computers. These accessories play a crucial role in enhancing the diving experience and ensuring safety underwater, thus contributing significantly to the overall demand for scuba diving equipment in the region. As more individuals engage in various water-based recreational and professional activities, the Accessories segment continues to thrive due to its essential role in providing comfort, convenience, and functionality for divers of all levels, further driving the growth of the Scuba Tanks Market.

• According to Cognitive Market Research, the Brazil Scuba Tanks Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 3.6 % during the forecast period. Scuba Tanks sales flourish in Brazil due to the nation's rising water sports enthusiasts, diving activities.

• The Argentina Scuba Tanks Market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.9 % during the forecast period. The demand is augmented by Argentina's marine activities and public interest. 
• The Colombia Scuba Tanks Market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD XX million in 2024.
• The Peru Scuba Tanks Market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD XX million in 2024.
• The Chile Scuba Tanks Market is projected to witness growth at a CAGR of 3.3% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America Scuba Tanks Market is projected to witness growth at a CAGR of 2.1% during the forecast period with a market size of USD XX million in 2024.

Middle East and Africa Scuba Tanks Market

According to Cognitive Market Research, the global Scuba Tanks Market size was estimated at USD XX Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3 % from 2024 to 2031. The rise in demand is primarily fueled by the growing interest in marine leisure activities and the flourishing diving tourism industry. The Scuba Tanks Market is witnessing a surge in the popularity of the Decompression Chamber segment, which caters to the safety and decompression requirements of commercial and professional divers engaged in various maritime industries across the region. With an increasing number of diving enthusiasts and professionals exploring underwater environments, there is a heightened emphasis on ensuring diver safety and efficiency during dives. This trend is further supported by advancements in diving equipment technology, stringent safety regulations, and the continuous expansion of diving services and facilities. As a result, the Decompression Chamber segment is projected to experience robust growth, meeting the evolving needs of divers and enhancing the overall safety standards in the diving industry.

• According to Cognitive Market Research, the GCC Countries Scuba Tanks Market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.1 % during the forecast period. Scuba Tanks sales flourish in the GCC Countries due to the region's Marine leisure activities and Diving tourism
• The Egypt Scuba Tanks Market is projected to witness growth at a CAGR of 3.6 % during the forecast period with a market size of USD XX million in 2024.
• The South Africa Scuba Tanks Market is projected to witness growth at a CAGR of 4.3 % during the forecast period with a market size of USD XX million in 2024. Scuba Tanks sales flourish in the South Africa due to the region's strategic investments in public activities and diving enthusiast.
• The Turkey Scuba Tanks Market is projected to witness growth at a CAGR of 2.8% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria Scuba Tanks Market is projected to witness growth at a CAGR of 2.4% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA Scuba Tanks Market is projected to witness growth at a CAGR of 2.3% during the forecast period with a market size of USD XX million in 2024.

Scuba Tanks Market Analysis

Scuba Tanks Type Segment Analysis

According to Cognitive Market Research, the largest segment in the Scuba Tanks market is the BCD & Regulator category. This segment includes buoyancy control devices and regulators, which are essential equipment for divers to control their buoyancy and regulate breathing underwater. The widespread use of these items among divers of all levels contributes to the significant size of this segment within the market.

On the other hand, the fastest-growing segment in the Scuba Tanks market is the Cylinder & Diving Propulsion Vehicle category. This segment encompasses scuba diving cylinders used to store breathing gas and diving propulsion vehicles that enhance diver mobility underwater. The increasing demand for advanced diving equipment and technological innovations in propulsion vehicles are driving the rapid growth of this segment.

• BCD & Regulator
• Cylinder & Diving Propulsion Vehicle
• Decompression Chamber
• Exposure Suit
• Accessories

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Scuba Tanks Industry. Request a Free Sample PDF!

Scuba Tanks Application Segment Analysis

According to Cognitive Market Research, the largest segment in the Scuba Tanks market is Recreational Diving. This segment includes scuba tanks used by individuals for leisure diving activities, such as exploring reefs, underwater photography, and vacation diving. The popularity of recreational diving as a hobby and vacation activity contributes significantly to the size of this segment within the market.

Conversely, the fastest-growing segment in the Scuba Tanks market is Professional Diving. This segment comprises scuba tanks used by commercial divers, military personnel, scientific researchers, and rescue teams for various professional purposes underwater. The increasing demand for professional diving services, including underwater construction, maintenance, and research activities, drives the rapid growth of this segment.

• Recreational Diving 
• Professional Diving 

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Scuba Tanks Distribution Channel Segment Analysis

According to Cognitive Market Research, the largest segment in the Scuba Tanks market is Specialty Stores. These physical retail outlets specialize in scuba diving equipment and cater to a diverse range of divers, offering a wide selection of tanks, accessories, and related gear. The personalized assistance and hands-on experience provided by specialty stores contribute to their significant presence in the market.

On the other hand, the fastest-growing segment in the Scuba Tanks market is Online Distribution. This channel encompasses e-commerce platforms and online retailers offering a convenient and accessible way for divers to purchase tanks and equipment. The increasing digitalization, ease of online shopping, and availability of a broad product range contribute to the rapid growth of online distribution in the market.

• Specialty Store
• Online
• Others

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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