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The recreational oxygen equipment market comprises products such as oxygen cylinders, oxygen concentrators, and rebreathers that are used by recreational divers as well as mountaineers. Recreational oxygen equipment is vital for recreational divers and mountaineers as it provides oxygen to the user for extended breath holding time underwater or at high altitudes. With increasing penetration of recreational diving and growth in recreational activities like mountaineering, demand for recreational oxygen equipment is growing significantly.
The Global Recreational Oxygen Equipment Market Size is estimated to be valued at US$ 5.93 Mn in 2024 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the recreational oxygen equipment market are General Electric Company, Siemens AG, Andritz AG, Voith GmbH & Co. KGaA, China Yangtze Power Co. Ltd, PJSC RusHydro, Électricité de France SA (EDF), and Iberdrola SA. These players are focusing on new product launches and expanding their regional footprint to gain market share.
The key opportunities in the recreational oxygen equipment market include rising diving tourism globally and increasing popularity of recreational activities like scuba diving and mountaineering among millennial. Manufacturers are also focusing on developing technologically advanced and lightweight recreational oxygen equipment to capitalize on the demand.
On the global expansion front, manufacturers are focusing on penetrating developing markets in Asia Pacific and Latin America through partnerships with local distributors. This is due to growing participation in recreational water sports and mountaineering in countries like China, India, Brazil and Mexico.
Market drivers
Rising popularity of recreational activities like scuba diving and mountaineering among millennials is a major driver for the recreational oxygen equipment market. According to statistics, around 26 million Americans participated in recreational scuba diving in 2018 indicating rising popularity. This growing participation rate in water and mountain recreational activities is expected to drive the demand for oxygen equipment over the forecast period.
Market restraints
High cost of technologically advanced oxygen equipment like rebreathers can restrain the mass adoption of such devices. Rebreathers are costly owing to their complexity and need experienced user which acts as a barrier for new customers. Availability of low cost alternatives like oxygen cylinders is also a challenge faced by manufacturers of advanced oxygen equipment.
Segment Analysis
The recreational oxygen equipment market can be segmented based on product type and application. Based on product type, the pure oxygen equipment segment dominated the market in 2024 due to high demand for pure oxygen during recreational activities like scuba diving. Pure oxygen equipment provides a constant and reliable supply of medically pure oxygen during activities requiring an additional supply of oxygen.
Based on application, the hiking and mountaineering segment accounted for the largest share in 2024 as recreational oxygen equipment helps deal with altitude sickness during hiking and mountaineering activities at high altitudes. Mountaineers and hikers require extra oxygen intake when performing activities at high elevations to avoid health issues like altitude sickness.
Global Analysis
The North American region accounted for the largest share of the global recreational oxygen equipment market in 2024. Increasing participation in adventure and recreational activities in the region is driving the demand for recreational oxygen equipment. The presence of prominent outdoor recreational facility providers and equipment manufacturers also contributes to the regional market growth.
The Asia Pacific region is projected to grow at the fastest rate during the forecast period. Rapid economic development, rising disposable incomes, and increasing health awareness are encouraging involvement in recreational activities requiring oxygen equipment in emerging countries like China and India. Booming tourism industries in Asia Pacific countries also support the regional market expansion.
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