Global LED Diving Torch Market Growth 2019-2024
Diving torch is one of the most important accessories for diving, LED Diving torch refers to the products which use LED lamps as light source.
The LED diving torch industry concentration is relatively high; there are many manufacturers in the world, the top brand such as Pelican and Xiware Technologies account for about 30% market share of the total volume. The products are mainly manufactured in USA and Asia. The main consumption regions are USA and Europe, accounting for more than 60% of the total consumption volume in 2015.
Main marketing channels include exclusive shop and department stores. Strong brands tend to build their own exclusive shop to provide a good user experience and further enhance their brand influence. At the same time, all manufacturers have stepped up online sales.
The market is not only influenced by the price, but also influenced by the product design and performance. As the top companies have a higher level of R&D and design, they have a higher price than other companies. Different levels of LED diving torch can have a huge price difference.The leading companies own the advantages on better performance, more abundant products types, better technical and impeccable service. Consequently, they take the majority of the market share of high-end market.Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
According to this study, over the next five years the LED Diving Torch market will register a 5.1% CAGR in terms of revenue, the global market size will reach US$ 46 million by 2024, from US$ 36 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in LED Diving Torch business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of LED Diving Torch market by product type, application, key manufacturers and key regions and countries.
This study considers the LED Diving Torch value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Handheld Style
Canister Body Style
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Primary Dive Lights
Secondary or Back-up Dive Lights
Underwater Photography and Video Lights
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Pelican
Light Monkey
Hollis
Halcyon
Light & Motion
SureFire
Bigblue Dive Lights
SecurityIng
Underwater Kinetics
INON
AmmoniteSystem
Princeton
Ultimate Sports Engineering
Dive Rite
Xiware Technologies
Shenzhen Yeguang
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global LED Diving Torch consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of LED Diving Torch market by identifying its various subsegments.
Focuses on the key global LED Diving Torch manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the LED Diving Torch with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of LED Diving Torch submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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