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A dive scooter is a water craft which are used by riders for underwater diving. Diving scooters are basically a Diver Propulsion Vehicles/ Scooters (DPVs) or scuba scooters. These scooter are used in order to increase the diving range for underwater expedition, which have a significant in contributing towards the growth of the dive scooter market. Furthermore, increasing inclination for water sports, scuba diving and deep sea diving for recreational activity is also, driving the market growth. Also, these scooters are applied in rescue operations, which is also expected to enhance the growth of the market.
Dive scooters comes in varied ranges, which are been utilized more than just recreational diving such as for more complex applications used by military and governments. These machines are also used to carry out voyages on the sea coasts, along with that they are used by coast guard personnels in order to ensure safety and security at the coast. Hence, the demand for the diving scooters are expected to be raising.
However, underwater and marine life safety matters might hamper the market growth. Otherwise, increasing demand for underwater scooter for scuba diving is expected to solely propel the growth of the dive scooter market. In the current senario an upsurge in the demand for efficient dive scooter, with increased diving ranges and capacity is expected to enhance in the comping years, which is expected to create beneficial opportunity for the major players in the dive scooter market.
Key Market Driver -
• Increasing Commercial Applications of the Dive Scooters. • Rising Capital Expenditure by Offshore oil & Gas Exploration Companies
Key Market Restraint -
• High Cost of Scooters and limited applications. • Evolution of Autonomous Underwater Vehicles.
Key players in the market have a prevailing presence in the water scooters market, owed to the good will and brand name. Moreover, these players are expected to adhere to organic as well as inorganic growth strategy. The organic growth strategies that the companies are concentrating on are such as product approvals, product launches and participating in launch events. The inorganic growth approaches that the companies are opting for are acquisitions, partnership and collaborations with other regional brands and companies. All these have paved way for business expansion and hence are anticipated to have profitable growth opportunities in the coming years.
Some of the key competitors in the dive scooters market include Sub-Gravity, Sublue, Yamaha Seascooters, Dive Xtras, Inc., MARINE TECH SA, Apollo Sports USA Inc., CAYAGO AG., geneinno, SEA-DOO Seascooter, Torpedo Inc., TUSA, SUEX SRL, SCUBAJET, Divertug, and Bonex GmbH & Co. KG.
Asia Pacific is expected hold the highest growth rate in the coming years. This is owed to the continuous increase in the investments done by the companies in the region to increase the production capacity. Moreover, this region is the hotspots for the majority of the key players to sell their products in developing and untapped market. This is owed to the increased service activities and government contracts in the countries such as China, India, Japan, & Korea.
Similarly, Middle East & Africa and South America is expected to be a prominent region for the growth of the Dive Scooters market. This is owed to the increasing tourism and mining activities, along with low cost of labour in the region. Moreover, in the past 5 years the region has invested a lot in tourism infrastructure, in order to increase the flow of foreign currency in the market. Europe and North America on the other hand are expected to show a steady growth with minimal changes in the market structure. Also, the companies in the market are shifting their focus at developing economies, thus this region is expected to exhibit minor volatility in the coming years.
The ongoing COVID-19 pandemic is expected to impact the market majorly, owing to the halt in all the recreational and professional activities across the globe. Furthermore, halt in tourism and hospitality activities are pertaining in the market, which will further broaden with increase in the COVID-19 cases.
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