Global Diver Propulsion Vehicles (DPV) Market Revenue Projected Around USD 830 Million By 2026

07-Feb-2020 | Facts and Factors

Facts and Factors have authored “Diver Propulsion Vehicles (DPV) Market By Product Type (Sit-on, Tow-behind, Manned Torpedoes, and Other), By Application (Tourism, Military, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”. Based on our analysis, the global diver propulsion vehicles market in 2019 was approximately USD 630 Million and is anticipated to reach around USD 830 Million by 2026. The anticipated CAGR for the diver propulsion vehicles market is around 4% from 2020 to 2026.

Diver Propulsion Vehicles (DPV) Market Size

Request Sample Request Customization Buy Now

Diver propulsion vehicles, also known as underwater scooters or underwater propulsion vehicles are diving equipment used by rebreathers and scuba divers in order to improve their operating range underwater. These are battery-operated devices pushed by the propeller when diving. These products are commonly used in recreational activities followed by military purposes. DPVs act as a thrilling medium for scuba divers to explore the underwater territory in a short span of time.

Browse the full “Diver Propulsion Vehicles (DPV) Market By Product Type (Sit-on, Tow-behind, Manned Torpedoes, and Other), By Application (Tourism, Military, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026” report at https://www.fnfresearch.com/diver-propulsion-vehicles-dpv-market-by-product-type

Continuous developments, R&D activities carried out by major players operating in the market space is acting as one of the primary driving factors for the growth of the global DPV market. The tourism sector recorded as the most lucrative sector in the global scenario, as it added a record USD 8.8 trillion in the world GDP. The consistently booming travel and tourism industry are responsible for the major chunk of the attributed growth of the global diver propulsion vehicles market.

The surging popularity of water sports, underwater research activities, in conjunction with the rising expenditure for recreational activities in developed countries are fueling the market growth. The rise in disposable income coupled with a high standard of living is also contributing to the growth of the market. However, a limited range of diving equipment and the high cost of the vehicles are hindering the market growth. Whereas, an increase in professional diving experiences as well as in documentary creation is anticipated to open new avenues in the forecast period.

The global diver propulsion vehicles market is segmented on the basis of product type, application, and regions. The product type segment is categorized into sit-on, tow-behind, manned torpedoes, and others. Further, tourism, military, and other are the application based segmentation of the global diver propulsion vehicles market.

By region, the global diver propulsion vehicles market is classified into regions namely, Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Combining North America and Europe constitutes around 50% of the revenue share of the global market. Asia Pacific region accounted for a significant share in the global market. The regions are further bifurcated into major countries including the U.S., Canada, Mexico, UK, Germany, France, China, Japan, India, South Korea, Brazil, and Argentina among others. China registered the maximum growth rate in terms of both revenue and volume perspective.

Report Scope

Report Attribute

Details

Market Size in 2019

USD 630 Million

Projected Market Size in 2026

USD 830 Million

CAGR Growth Rate

4% CAGR

Base Year

2019

Forecast Years

2020-2026

Key Market Players

BRP, Yamaha Seascooters, CAYAGO AG, STIDD Systems, Inc., ROTINOR GmbH, TABATA CO., LTD., Dive Xtras Inc., SUEX SRL, Torpedo Inc., SCUBAJET GmbH, Seacraft, and Others

Key Segment

By Type, Application, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa

Purchase Options

Request customized purchase options to meet your research needs.Explore purchase options

Some of the leading players in the global market include

BRP, Yamaha Seascooters, CAYAGO AG, STIDD Systems, Inc., ROTINOR GmbH, TABATA CO., LTD., Dive Xtras Inc., SUEX SRL, Torpedo Inc., SCUBAJET GmbH, Seacraft, and Apollo Military among others.  BRP (SEA-DOO) is the largest player in the global DPV market accounting for more than 30% of volume share for the year 2019.

This report segments the diver propulsion vehicles market as follows:

By Product Type Segment Analysis

  • Sit-on
  • Tow-behind
  • Manned Torpedoes
  • Other

By Application Segment Analysis

  • Tourism
  • Military
  • Other

By Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • The Middle-East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle-East Africa

About Us:

Facts & Factors is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Facts and Factors are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.

Contact Us:

Facts & Factors
A - 2108, Sargam,
Nanded City,
Sinhagad Road,
Pune 411041, India
USA: +1-347-989-3985
Email: [email protected]
Web: https://www.fnfresearch.com

 


Latest Market Research Reports

report img

Organic Soap Market Report 2024 – 2032

[218+ Pages Report] According to Facts Factors, the global organic soap market size was worth around USD 2.1 billion in 2023 and is predicted to grow to around USD 4.3 billion by 2032, with a compound annual growth rate (CAGR) of roughly 8.3% between 2024 and 2032. Organic Soap Market: Overview Org

Published Date : 18-Nov-2024 | | Category : Consumer Goods | Pages : 218 | Format : Read more

Inquiry for Buying Request Sample
report img

Risk Management Software Market Report 2024 – 2032

[214+ Pages Report] According to Facts Factors, the global risk management software market size was valued at USD 9.64 billion in 2023 and is predicted to surpass USD 34.77 billion by the end of 2032. The risk management software industry is expected to grow by a CAGR of 14.36% between 2024 and 203

Published Date : 14-Nov-2024 | | Category : Software and Services | Pages : 214 | Format : Read more

Inquiry for Buying Request Sample
report img

Call Center AI Market Report 2024 – 2032

[213+ Pages Report] According to Facts Factors, the global call center AI market size was valued at USD 1.70 billion in 2023 and is predicted to surpass USD 11.19 billion by the end of 2032. The call center AI industry is expected to grow by a CAGR of 23.28% between 2024 and 2032. Call Center AI Ma

Published Date : 13-Nov-2024 | | Category : Technology & Media | Pages : 213 | Format : Read more

Inquiry for Buying Request Sample
report img

Personalized Nutrition Market Report 2024 – 2032

[221+ Pages Report] According to Facts Factors,the global personalized nutrition market size was valued at USD 13.35 billion in 2023 and is predicted to surpass USD 46.31 billion by the end of 2032. The personalized nutrition industry is expected to grow by a CAGR of 14.82% between 2024 and 2032. P

Published Date : 11-Nov-2024 | | Category : Healthcare | Pages : 221 | Format : Read more

Inquiry for Buying Request Sample
report img

Sleep Tech Devices Market Report 2024 – 2032

[218+ Pages Report] According to Facts Factors, the global sleep tech devices market size was valued at USD 20.68 billion in 2023 and is predicted to surpass USD 83.79 billion by the end of 2032. The sleep tech devices industry is expected to grow by a CAGR of 16.82% between 2024 and 2032. Sleep Te

Published Date : 08-Nov-2024 | | Category : Technology & Media | Pages : 218 | Format : Read more

Inquiry for Buying Request Sample

Why FnF Market Research?

1 Inflallible Methodology

to ensure high-level data integrity, accurate analysis, and impeccable forecasts

2 Analyst Support

for complete satisfaction

3 Customization

on-demand customization of scope of the report to exactly meet your needs

4 Targeted Market View

Targeted market view to provide pertinent information and save time of readers

5 Agile Approach

A faster and efficient way to cater to the needs with continuous iteration