The diving tourism market is expected to be valued at USD 3,290.0 million in 2024. The pace of progress for the market from 2024 to 2034 is expected to be solid, with a CAGR of 5.5%. By the end of the forecast period, the diving tourism industry value is slated to hit USD 5,630.0 million.
Diving Tourism Market Report
Attributes | Details |
---|---|
Diving Tourism Market Value for 2024 | USD 3,290.0 million |
Projected Market Value for 2034 | USD 5,630.0 million |
Value-based CAGR of Market for 2024 to 2034 | 5.5% |
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Tourists more often than not travel domestically for diving purposes. Consumers between the ages of 26 and 35 constitute the top age group in the market.
Domestic diving tourists are expected to account for 56.0% of the market share by tourist type in 2024. Factors driving the growth of domestic diving tourism are:
Attributes | Details |
---|---|
Top Tourist Type | Domestic |
Market Share (2024) | 56.0% |
Tourists aged between 26 and 35 years are anticipated to account for 39.0% of the market share in 2024. Some of the factors that drive tourists aged 26-35 years to diving are:
Attributes | Details |
---|---|
Top Age Group | 26-35 Years |
Market Share (2024) | 39.0% |
Increase in beach-going activities and the fascination with water sports are influencing the growth of the market in North America. The affluence of the region is also benefitting the market in North America.
Initiatives to make beaches safer and cleaner in the Asia Pacific are boosting the market in the region. The Middle East diving tourism market is also developing substantially.
Countries | CAGR (2024 to 2034) |
---|---|
China | 9.5% |
India | 10.3% |
Japan | 7.2% |
Singapore | 7.7% |
Canada | 4.7% |
The market is anticipated to register a CAGR of 10.3% in India for the forecast period. Some of the factors driving the growth of the market in the country are:
Japan is set to see the market expand at a CAGR of 7.2% over the forecast period. Prominent factors driving the growth of the market are:
The market is expected to register a CAGR of 9.5% in China over the forecast period. Some of the factors driving the growth of the market in China are:
The market is set to progress at a CAGR of 7.7% in Singapore for the forecast period. Factors influencing the growth of the market in Singapore include:
The market is expected to register a CAGR of 4.7% in Canada over the period from 2024 to 2034. Some of the reasons for the growth of diving tourism in the country are:
Players in the diving tourism landscape are making available discounts, offers, and other promotions to increase the consumer base. Packaging other tourist hotspots with diving experiences is also a common strategy.
With the increasing number of places offering diving facilities, market players are concentrated on geographic expansion. Collaborations with local tourism boards and diving professionals are also being practiced.
Recent Developments in the Diving Tourism Market
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The market size of the diving tourism industry is estimated to be USD 3,290.0 million in 2024.
The Natural Travel Collection Ltd, PADI Travel, Dive The World, and Fly & Sea Dive Adventures are some of the key companies in the diving tourism market.
The diving tourism market is expected to reach a valuation of USD 5,630.0 million in 2034.
The diving tourism industry is expected to progress at a sturdy CAGR of 5.5% over the period from 2024 to 2034.
The diving tourism market can be segmented into the following categories: diving type, diver type, booking channel, tourist type, tour type, consumer orientation, and age group.
The diving tourism market is predicted to progress at a CAGR of 10.3% in India over the period from 2024 to 2034.
Augmentation of diving activities with technology like sensors and diving experiences being packaged with other tourist activities are two of the trends in the diving tourism industry.
The diving tourism market is predicted to progress at a CAGR of 9.5% in China over the period from 2024 to 2034.
Market Estimated Size (2023) | USD 4,941.8 Million |
---|---|
Projected Market Size (2033) | USD 11,378.2 Million |
Value CAGR (2023 to 2033) | 8.7% |
Market Size Value (2022) | USD 10.5 Trillion |
---|---|
Market Size Value (2032) | USD 17.1 Trillion |
Market Growth Rate (2022 to 2032) | 5% |
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