Swimwear Market Outlook 2031
The global swimwear size was valued at USD 19.80 Billion in 2022 and is projected to reach USD 29.42 Billion by 2031, expanding at a CAGR of 4.5% during the forecast period, 2023–2031. The growth of the market is attributed to the changing fashion trends.
Swimwear is utilized by people during swimming and for different games exercises, for example, water sports, water skiing, surfing, and sunbathing. It is used during water-based games and is additionally utilized during weight training challenges, and photoshoot.
Wide scope of styles of swimwear and bathing suits are accessible worldwide according to body coverage and material. The decision and style of swimwear relies upon client application, individual inclination, and current fashion trends. It protects the wearer from chlorinated water in swimming pools and ocean water, which contains salts that can cause skin rashes.
Swimwear Market Trends, Drivers, Restraints, and Opportunities
- Rising awareness about health benefits of swimming is expected to boost the swimwear for the life sciences industry.
- Increasing population across the globe and product innovation to satisfy the requirement for extraordinary kind of clothing for water sports and poolside or beachside vacations are some of the major factors that can fuel the market growth
- Growing demand for branded and high-quality swimwear is one of the key factors spurring the market growth.
- Rising trendy prints and convenient cuts are estimated to foster the market growth.
- Growing demand for trendy design and comfortable fabric is anticipated to accelerate the growth of the market.
- Increase trend of family vacations along beaches, resorts, and theme parks is increasing demand for the market.
- Growing volatility of raw material prices can restrain the growth of the market.
- New product innovations can create lucrative opportunities for the growth of the swimwear market.
Scope of Swimwear Market Report
The report on the swimwear includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Swimwear - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Women's Swimwear, Men's Swimwear, Goggles, and Swim Caps) and Distribution Channels (Online Stores and Offline Stores)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Adidas AG; Under Armour, Inc.; Pentland Group PLC; Swimwear Anywhere Inc.; and Puma SE.
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Swimwear Market Segment Insights
Type Segment Analysis
Based on types, the market is divided into women's swimwear, men's swimwear, goggles, and swim caps. The women's swimwear segment is expected to represent a key share of the market.
This segment include luxury & innovative swimwear such as warm swimwear and bathing suits providing UV protection. On the other hand, women choose swimwear for competitive activities and for regular surfing and aquatic fitness activities, driving the segment growth.
Distribution Channel Segment Analysis
Base on distribution channels, the swimwear market is categorized as online stores and offline stores. The online stores segment is projected to expand at a considerable CAGR during the forecast period. Online stores attributes to ease of shopping from a remote location.
An online stores provides advantages such as automated software up gradations, remote accessibility, easy scalability, disaster recovery, and storage flexibility. On the other hand, the offline segment is anticipated to expand at a rapid pace in the coming years.
Regional Outlook
In terms of regions, the global market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period owing to fast-developing economies, such as India and China, which exhibit great potential in terms of demand for swimwear.
Likewise, the government authority drives and initiatives such as "Khelo India" from the Government of India are additionally expected to expand the market capability during the estimated time frame. On the other hand, North America is expected to hold a significant market share in the coming years.
Segments
The global swimwear has been segmented on the basis of
Types
- Women's Swimwear
- Men's Swimwear
- Goggles
- Swim Caps
Distribution Channels
- Online Stores
- Offline Stores
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the swimwear are Adidas AG; Under Armour, Inc.; Pentland Group PLC; Swimwear Anywhere Inc.; and Puma SE.
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