Market revenue in 2023 | USD 4,552.8 million |
Market revenue in 2030 | USD 8,831.3 million |
Growth rate | 9.9% (CAGR from 2023 to 2030) |
Largest segment | Scuba diving |
Fastest growing segment | Scuba Diving |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Scuba Diving, Free Diving |
Scuba diving was the largest segment with a revenue share of 78.11% in 2023. Horizon Databook has segmented the Global diving tourism market based on scuba diving, free diving covering the revenue growth of each sub-segment from 2018 to 2030.
There has been increased interest and involvement in various sporting activities over the last decade, including water sports, which directly contributes to the potential of the diving tourism market. Growing recognition of diving as a fitness pursuit and heightened enthusiasm for the same are anticipated to fuel the market over the forecast period.
The younger demographic perceives diving as a fun and thrilling pursuit, which further amplifies the market potential. The table below highlights the increase in diving participation rates, both from the shore and from the boat.
The rising demand for customized diving tourisms is expected to drive the growth of the global diving tourism market during the forecast period. With the diving tourism industry evolving rapidly, prominent brands will continue to develop innovative products that are more compelling to diving tourism and music enthusiasts in the coming years.
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