Recreational oxygen equipment helps maximize physical performance and endurance during recreational activities like hiking, cycling, diving, and mountaineering. Products like oxygen concentrators, masks, and regulators lower breathing resistance and effectively deliver purified oxygen to the bloodstream. This enhances vitality, reduces fatigue, and allows recreational enthusiasts to push their physical limits.
The global Recreational Oxygen Equipment Market is estimated to be valued at US$ 5.93 Mn in 2023 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:
The recreational oxygen equipment market is being driven by the rising popularity of recreational sports and activities globally. More people are taking up recreational activities like hiking, cycling, diving and mountaineering for leisure and exercise. This has increased the demand for oxygen equipment that allows enthusiasts to stay energetic and improve endurance during outdoor activities. Products like oxygen concentrators, masks and regulators are being widely used to ensure a steady supply of oxygen, avoiding exhaustion and pushing physical boundaries further. The growing sales of recreational oxygen equipment reflect the market’s strong growth prospects over the coming years.
SWOT Analysis
Strength: Recreational oxygen equipment provides health benefits such as improved athletic performance and endurance. It also helps in recovery from altitude sickness and high-altitude pulmonary or cerebral edema.
Weakness: Using recreational oxygen equipment needs medical consultation and prescription to avoid side effects of oxygen toxicity. High costs associated with equipment and maintenance is also a weakness.
Opportunity: Increasing health awareness and usage of equipment for altitude training among athletes and outdoor adventurers provides growth opportunities. Rise in recreational activities such as hiking, climbing also boosts demand.
Threats: Strict regulations regarding usage of oxygen therapy devices pose threat. Side effects of long term recreational oxygen use and alternate therapies available are challenges.
Key Takeaways
Global Recreational Oxygen Equipment Market Size is estimated to be valued at US$ 5.93 Mn in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2024 to 2031.
Regional analysis
The North American region currently dominates the global recreational oxygen equipment market with United States being the major market. This is attributed to high participation in various recreational activities in the region which demands use of oxygen equipment. Growing health awareness among population about benefits of using such devices is also a key factor. Asia Pacific region is expected to witness fastest growth during forecast period owing to rising outdoor adventure sports and increasing disposable incomes in countries like China and India.
Key players
Key players operating in the recreational oxygen equipment are General Electric Company, Siemens AG, Andritz AG, Voith GmbH & Co. KGaA, China Yangtze Power Co. Ltd, PJSC RusHydro, Électricité de France SA (EDF), and Iberdrola SA. The companies are investing in development of technologically advanced portable oxygen concentrators and cylinders catering to requirements of customers involved in high altitude adventures as well as sports training. Manufacturers are also focusing on competitive pricing and customization of products to strengthen their presence across regions over the forecast period.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
