Middle East Diving Tourism Market: Current Analysis and Forecast (2023-2030)
Emphasis on Diving Type (Scuba Diving and Free Diving); Tourist Type (International and Domestic); Gender (Me and Women); Country.
Middle East Diving Tourism Market – Current Scenario and Forecast (2023-2030)
The Middle East diving tourism market was valued at USD 533.60 million in the year 2022 and is expected to grow at a strong CAGR of around 6.5% during the forecast period. The emergence of new technologies and growing investment in the tourism sector in the region contribute to the growth of the market. For instance, in 0ctober 2023, Saudi Arabia announced an 800 billion USD investment package for the sector, with a focus on developing sports tourism, infrastructure, and events. The investments have been directed towards various areas, including sports teams, hospitality offerings, infrastructure, and entertainment, reflecting the country’s ambitious targets in the tourism sector. Collaborations between diving operators and local communities can create unique cultural and culinary experiences, offering a holistic package for tourists. Additionally, targeted marketing campaigns focusing on the region’s distinct offerings, including wrecks, coral reefs, and diverse marine life, can tap into niche markets and draw attention from seasoned divers worldwide. As the global interest in underwater exploration continues to rise, the Middle East stands poised to capitalize on these opportunities and solidify its position as a premier destination for diving enthusiasts.
Some of the major players operating in the market include SSI International GmbH; Al-Haddad Scuba; Scuba Travel; Saudi Hirat; ZuBlu; LiveAboard.com; Bluewater Dive Travel; West Coast Diver; DiveWise; Extra Divers Worldwide Dive Center & Hotel Management AG Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst diving type, the scuba diving category is expected to grow at the fastest CAGR during the forecast period.”
Based on diving type, the market is segmented into scuba diving and free diving. Among them, the scuba diving category is expected to grow at the fastest CAGR during the forecast period. The region’s extensive coastline along the Red Sea, Arabian Gulf, and the Gulf of Oman provide a stunning backdrop for scuba divers. The rich marine biodiversity, vibrant coral reefs, and the allure of exploring historical wrecks create a compelling narrative for scuba diving enthusiasts.
“Amongst gender, the men’s category is expected to grow at the fastest CAGR during the forecast period.”
Based on the gender, the market is segmented into men and women. Among them, the Men’s category is expected to grow at the fastest CAGR during the forecast period. Men’s interest in exploring underwater environments, coupled with the allure of discovering marine life and historic wrecks, drives their participation in scuba and free diving experiences. The market caters to men by offering a variety of challenging dive sites and advanced training opportunities, enhancing the overall appeal of the Middle East as a premier diving destination.
“UAE is expected to dominate the market During the Forecast Period.”
UAE is expected to dominate the market During the Forecast Period. The spectacular underwater landscapes of the Arabian Gulf and the Gulf of Oman contribute to the region’s popularity. The growth of the diving tourism market in the UAE is attributed to its world-class dive sites, impeccable infrastructure, and commitment to sustainable tourism. The government’s initiatives to promote marine conservation and enhance diving facilities underscore the nation’s dedication to fostering this industry. With a continuous influx of divers seeking unique underwater experiences, the UAE’s diving tourism market is poised for sustained growth. For instance, Business of Travel Trade (BOTT) Travel Sentiment Tracker conducted an online survey of over 6,000 millennial travelers across India in January 2021. As per the results, 62% of millennials would prefer Thailand, followed by Singapore (58%), the UAE (52%), the Maldives (46%), and Saudi Arabia (40%), in the category of short-haul international destinations.
Middle East Diving Tourism Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The Middle East diving tourism market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Middle East Diving Tourism Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the Middle East Diving Tourism Market were the three major steps undertaken to create and analyze the adoption of Scuba diving in major countries in MENA. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Middle East Diving Tourism Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Middle East Diving Tourism Market through company internal sources such as annual reports & and financial statements, performance presentations, press releases, etc., and external sources including journals, news & and articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Middle East Diving Tourism Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & and sub-segments for major regions. Major segments are included in the report as diving type, tourist type, and gender. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Middle East diving tourism market. Further, we conducted factor analysis using dependent and independent variables such as the diving type, tourist type, and gender of the Middle East Diving Tourism Market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Middle East Diving Tourism Market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Middle East Diving Tourism Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Middle East Diving Tourism Market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Middle East Diving Tourism Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market.
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Middle East Diving Tourism Market. data was split into several segments and sub-segments post studying various parameters and trends in the areas of the diving type, tourist type, and gender in the Middle East Diving Tourism Market.
The main objective of the Middle East Diving Tourism Market Study
The current & and future market trends of the Middle East Diving Tourism Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Middle East Diving Tourism Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the diving type, tourist type, and gender.
- Define and analysis of the regulatory framework for the surgical instrument
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Middle East Diving Tourism Market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Middle East Diving Tourism Market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry.
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