Diving Tourism Market

Diving Tourism Market Size (2024-2029):

The Global Diving Tourism Market was worth US$ 4.25 billion in 2023 and is anticipated to reach a valuation of US$ 6.82 billion by 2029 and it is predicted to register a CAGR of 8.2% during the forecast period 2024-2029.

Diving tourism primarily refers to vacations with the primary intention of giving their clients/ customers an underwater recreational activity experience. Often referred to as a “one-time experience”, these may include activities like scuba diving, solo diving, and other water sports. The diving tourism market has been able to reach out to millions of individuals across the globe. The technological advancements in the diving tourism sector have also greatly impacted individual safety, resulting in increasing demand for the diving tourism market, broadening the scope and opportunities of water adventure sports and benefitting the diving tourism sector. 

Market Drivers:

One of the major aspects driving the diving tourism market is the rising demand for water sports activities and their increasing popularity. Recreational activities like scuba diving and its craze have been reaching millions of individuals across the globe through various social media platforms, thus majorly driving the diving tourism market. Growing support from government authorities in diving tourism is leveling up the demand for market growth. With the rising demand and popularity for water sports activities, there has been significant growth in the number of players in the market. Water sports activities have always been fun and popular but it has been becoming more and more trendy in recent years which is enhancing the demand for the diving tourism market. 

Market Restraints:

The diving tourism market majorly depends on water adventure sports and activities. While technological advancements in water sports equipment have made sure nobody is at risk, there is always a chance of mortality or divers being lost in the water bodies. This stands as a major barrier to the diving tourism market. The diving tourism market is an emerging industry. The professionals are clustered at designated places rather than being dispersed all across the globe which is restraining the demand of the market. 

Market Opportunities:

One of the major aspects that are driving the diving tourism market is that the Governmental organizations specifically recruited for water sports activities make sure that diving tourist locations are kept secure and that emergency services are available 24/7 based on the needs of the clients. Furthermore, the equipment used in the diving tourism market is that they are manufactured by major brands such as Apeks Marine Equipment Ltd, Mares, Atomic Aquatics, etc. The consumers’ trust in these companies’ technology and equipment production encourages potential clients to explore the diving tourism market in various new places. 

Moreover, the divers, the diving equipment, and other technical support are inspected regularly and only allowed to operate after they fulfil all the safety measures and diving criteria.

Market Key Developments:

• In 2021, the World Dive and Sail International organized the DRT (Diving, Resort, and Travel) show in Shanghai in partnership with PADI, UTD, SDI, DAN World, TDI, TPB, Ocean Seeds, and many others. It was said to be the most effective B2B2C platform and the largest diving expo in Asia. 

DIVING TOURISM MARKET REPORT COVERAGE:

Market Segmentation:

Diving Tourism Market - By Type:

• Professional Coaches 
• Solo Diving
• Scuba Diving

By diving activity type, scuba diving holds prominent shares in the diving tourism market as it is responsible for around 40% of the global revenue of the diving tourism market. Scuba diving is one type of underwater recreational activity wherein the divers are required to dive into deep water bodies with the help of breathing equipment containing oxygen. The craze for scuba diving among youth and the availability of diverse locations are the major factors driving the market. 

Diving Tourism Market - By Application:

• Professional Diver 
• Recreational Diver 
• New Diver

By application, professional divers hold the most shares in the diving tourism market. According to official reports, there are around 4000 active diving trainers and professionals only in the US and the numbers keep on rising as they are high in demand. Speaking of recreational divers, they refer to the group of people that makes the diving activity more of a hobby rather than a profession. 

Diving Tourism Market - By Tourist Type:

• International 
• Domestic 

Going by the tourist type, the diving tourism market is segmented into domestic and international types. While international tourists hold the most shares in the diving tourism market owing to the lack of availability of water sports activities across the globe, domestic tourists mostly consist of the locals. 

Market Regional Analysis:

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle East & Africa 

North America’s diving tourism market is leading with prominent shares in the market. With the presence of more key players and scope for essential water sports activities and Government support, the North American region is leading across the globe in terms of market share owing to the well-established infrastructure for diving tourism. 

With an increasing number of youth travelers to the region, the demand for water sports and diving activities has rapidly increased resulting in the European region showing a significant amount of growth in the diving industry. 

The Asia Pacific region is also expected to exhibit a higher growth rate over the forecast period. With the discoveries of more and more natural treasures in the Indo-China and Tibetan region, the demand for marine activities has been rising deliberately adversely affecting the growth rate of the diving tourism market. The Middle East and Africa are also expected to witness significant growth over the forecast period. 

Impact of COVID-19 on the Diving Tourism Market:

COVID-19 had a negative impact on the diving tourism market. Firstly due to the lockdown, all the water adventure sports arranging organizations were shut down owing to the restrictions by the government. Secondly, the tourists were unable to travel to different countries, failing in the diving tourism market. COVID-19 was said to be a contagious virus, forcing people and tourists to avoid crowded places. Thus, the COVID-19 pandemic adversely affected the growth rate of the diving tourism market. 

Market Key Players:

1. The Natural Travel Collection Ltd. 
2. Fly & Sea Dive Adventures
3. Project Expedition 
4. Bluewater Travel 
5. Island Expeditions Company Limited 
6. Liveaboard Adventures 
7. National Geographic Expeditions 
8. Deep Blue Adventures
9. Caradonna Adventures 
10. Advanced Driver Mexico