A swimsuit or swimwear is clothing intended to be worn by individuals partaking in sun- or water-based activities such as sunbathing or water sports like swimming. Consumers are being pushed to participate in water sports and recreational activities by the rising popularity of sports, particularly for health reasons, and the rise in the number of international water sporting events. The UK's participation in outdoor swimming increased between 2019 and 2020 by 1.5 and 3 times, according to a study published in "Trends in Outdoor Swimming Report." Overall, there has been an increase in outdoor swimming due to the health and recreational benefits, which is also helping the swimwear market to expand.
According to Marketlook
Consulting’s research report “Global Swimwear Market Analysis, 2021”, the Global Swimwear market is anticipated to
grow at a CAGR of 6.3% during 2022-29 The market would reach USD 37.92 Bn by
2029.
Based on Fabric Type,
there are Nylon, Polyester, and Spandex. Polyester is expected to hold the
significant market share in the forthcoming year owing to the benefits such as
easy washable, quick dry, and durability as compared to other fabric.
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Based on the End-user
Type, the Swimwear market is divided into Men, Women, and Kids. The women
segment grabbed the major market share in 2021. Innovative products are in high
demand in the global women's swimwear market. This has inspired manufacturers
to release cutting-edge swimwear, like swimsuits that block harmful UV rays and
smart swimwear. Thus, the development of the swimwear market as a whole will
benefit from these novel products.
“Global Swimwear Market Analysis, 2021” provides comprehensive qualitative and
quantitative insights on the industry potential, key factors impacting sales
and purchase decisions, hotspots, and opportunities available for Swimwear
providers across the Globe. Moreover, the report also encompasses the key
strategic imperatives for success for competitors along with strategic
factorial indexing measuring competitors’ capabilities on 16 parameters. This
will help companies in the formulation of Go to Market Strategies and
identifying the blue ocean for its offerings.
Asia Pacific Dominated
the Market
During the forecast
period, the Asia-Pacific region is anticipated to grow more quickly than the
other regions. Fast-growing economies like China and India have a lot of
potential for growth in the swimwear market. For instance, the huge population
of China, which is discovering a passion for water sports and views swimming as
the best form of physical activity, may contribute to the country's strong
demand for swimwear products. As a result, the majority of domestic and international
manufacturers are emphasizing functional designs for indoor swimming while also
placing more emphasis on elements like performance, comfort, design, and style.
Spending more money on lifestyle items and a growing preference for swimming as
a pastime and recreational activity is also driving the growth of the swimwear
market in Asia-Pacific as stated in the Marketlook Consulting research
report “Global Swimwear Market Analysis, 2021”.
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According to Marketlook
Consulting’, the key players with a considerable market share in the
global Swimwear market are Adidas AG, American Eagle Outfitters Inc., Embry
Holdings Ltd., Groupe Chantelle, Haddow Group, Hermes International SA, LVMH
Moet Hennessy Louis Vuitton SE, Pentland Brands Ltd., Perry Ellis International
Inc., PUMA SE.
Market Segmentation:
- By Fabric Type (Nylon, Polyester, Spandex)
- By Distribution Channel (Online, Offline)
- By End-user Type (Men, Women, Kids)
- By Region (North America, Europe, Asia-Pacific, South America,
Middle East and Africa)
- By Company (Adidas AG, American Eagle Outfitters Inc., Embry Holdings Ltd., Groupe Chantelle, Haddow Group, Hermes International SA, LVMH Moet Hennessy Louis Vuitton SE, Pentland Brands Ltd., Perry Ellis International Inc., PUMA SE)
Key questions answered
in the study:
- What are the current and future
trends of the Swimwear industry?
- How the industry has been
evolving in terms of fabric and end-user type?
- How the competition has been
shaping across the countries followed by their comparative factorial
indexing?
- What are the key growth drivers
and challenges for the Swimwear industry?
- What is the customer
orientation, purchase behavior, and expectations from the Swimwear firms
across various regions?
About Us:-
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Consulting is a world market intelligence and consulting firm that aims to
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& medium scale enterprises (SMEs). The company helps its clients to design
business strategies and policies and accomplish sustainable growth in their
relevant market area.
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