by Recreational oxygen equipment consists of various breathing apparatuses such as oxygen compressors, oxygen concentrators, and oxygen cylinders. These equipment supply oxygen to climbers, scuba divers, and other recreational adventurers for efficient respiration during high-altitude activities. Oxygen equipment improves physical performance by reducing symptoms of hypoxia and prevents altitude sickness. The increasing popularity of adventure sports like scuba diving, mountain climbing, and skydiving has generated high demand for recreational oxygen equipment. Moreover, the advent of lightweight, portable oxygen compressors, and concentrators has made oxygen therapy easily accessible during outdoor recreational activities.
The global Recreational Oxygen Equipment Market 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 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the recreational oxygen equipment market is the development of advanced oxygen delivery technologies. Manufacturers are focusing on developing compact and portable oxygen therapy devices for outdoor recreational use. For instance, companies provide rechargeable oxygen concentrators that can supply oxygen continuously for 8-12 hours on a single charge. Such portable oxygen concentrators are lightweight and integrated with features like pulse oximeters and alarms. Moreover, recreational oxygen equipment with Bluetooth connectivity allows monitoring oxygen levels remotely. Manufacturers are also developing masks and cannula specifically designed for different recreational activities like scuba diving and mountain climbing. Such innovative product designs cater to the convenience and safety needs of outdoor adventurers.
Porter’s Analysis
Threat of new entrants: New players face high start-up costs due to capital intensive manufacturing process.
Bargaining power of buyers: Presence of many recreational users allows buyers to negotiate on price.
Bargaining power of suppliers: Suppliers have limited power as raw materials are widely available from varied sources.
Threat of new substitutes: No direct substitutes exists in market.
Competitive rivalry: Intense among established industry players.
Key Takeaways
The Global Recreational Oxygen Equipment Market Size is expected to witness high growth. The global Recreational Oxygen Equipment Market 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 2031.
Regional analysis comprising North America region currently dominates the market owing to growing outdoor activities like hiking and camping. The Asia Pacific region is projected to grow at fastest pace during the forecast period supported by increasing adventure tourism and rising health awareness.
Key players operating in the Recreational Oxygen Equipment Market are General Electric Company, Siemens AG, Andritz AG, Voith GmbH & Co. KGaA. General Electric Company is one of the leading manufacturers offering wide range of recreational oxygen equipment like oxygen concentrators and oxygen cylinders.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
