According to a new report published by Allied Market Research, titled, “Swimwear Market," The swimwear market size was valued at $19.8 billion in 2022, and is estimated to reach $30.9 billion by 2032, growing at a CAGR of 4.5% from 2023 to 2032.
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Swimwear is a type of clothing or costume designed to be worn by people engaged in swimming, water sports, swimming, surfing, water skiing, or even sunbathing. Different styles of modern swimsuits are available. These vary according to body coverage and materials. Different fabrics used for making swimwear include polyester, nylon, spandex, and other blended fabrics, which gives it the required stretch and makes it capable of withstanding sun, chlorine, and salt water.
Swimwear today is not only a prerequisite to getting into a pool but is also becoming a fashion statement. It is not only used for competitive activities but also for regular surfing and aquatic fitness activities. Many women hang out in their swimwear by the poolside or the beach for long hours and hence it’s important that while the swimwear is functional, it’s also stylish and suits one’s personality. Swimwear for women is available in multiple bold colors, asymmetric designs, African and geometric prints, and classic yet modern silhouettes. Even though this luxury swimwear is expensive, women prefer these high-end brands as they focus more on offering value-added features such as trendy prints and convenient cuts that enhance the slimming effect.
In addition, with the increase in accessibility to weekend getaways, beaches, and international travel, the acceptance of fashion beachwear has become an important part of the fashion industry. Fashion designers have always been experimenting with women fashion in terms of material, design, and pallet. These also include new types of fabrics and materials with a variety of styles and prints. Fine detailing, bold prints, pastels, and metallic colors are also in demand among consumers. Further, luxury swimwear offers greater resistance to the impact of sand, salt, chlorine, and other minerals in the water. These high sales from the luxury segment augment the swimwear market growth over the next few years.
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Even though the women’s swimwear segment dominates the swimwear market, the changing trends in the men’s swimwear market have brought a new trend of swimwear, which are suitable as both swimwear, sportswear, and casual wear. This swimwear market trends has been successful in attracting new consumers. Vendors that specialize in men’s swimwear lines are expected to expand their productions during the forecast period with product line extensions and innovations to provide niche products. Some examples Nike Swim from Perry Ellis International has introduced new product line of men’s swimwear, which includes Nike Immiscible Brief, Nike Gemstone Brief, Nike Gemstone Jammer, and Nike Hazard 9″ E-Board. Expansion in product line & innovations in men’s swimwear is expected to play a fundamental role in the swimwear industry growth over the next few years.
According to the market analysis, the global swimwear market is segmented into fabric, end user, distribution channel, and region. On the basis of fabric, the market is divided into polyester, nylon, neoprene, spandex, and others. based on end user, the market is divided into women, men, and children. As per the distribution channel, the market is divided into online and offline. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, UK, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, UAE, and rest of LAMEA).
Based on fabric, the polyester segment held the major swimwear market share in 2022. Polyester is a major category of swimwear fabrics. Various types of swimwear are formulated using polyester to obtain stretching and shrinkage resistance. In addition, its quick drying and easily washable characteristics are major reasons for the use of this material in swimwear manufacturing. An increase in the adoption of polyester for swimwear is expected to propel the growth of the market.
Based on end user, the women segment led the market and accounted for more than 65% of the global swimwear market in 2022 and is expected to maintain its dominance during the forecast period. With the increasing demand for woman swimwear, manufacturers are investing in research and development to offer cost-effective and fashionable swimwear for women which is expected to propel swimwear market demand.
Based on distribution channel, the offline segment led the market and accounted for more than 85% of the global swimwear market in 2022 and is expected to maintain its dominance during the forecast period. Hypermarkets and supermarkets, specialty stores, convenience stores, and other small retail stores all fall within the offline section. Most localities have a few modest trade lines that house retail establishments, which are often tiny retailers.
Region-wise, North America held the major share of the market in 2022 and is expected to maintain its dominance during the forecast period. Companies operating in the Europe swimwear market are offering innovative products to sustain in the competitive market. They are launching new products to expand their business operations across different countries in this region and increase their customer base.
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Some of the key players profiled in the swimwear market analysis include Haddow Group Plc, Nike Inc., Boardriders, Inc., Arena Italia S.p.A., Swimwear Anywhere, Inc., Adidas AG, Dick's Sporting Goods, Gap Inc., Phillips-Van Heusen Corporation (PVH Corp.), and Perry Ellis International Inc.
Key findings of the study
- Based on fabric, the neoprene segment is projected to witness the highest CAGR of 6.2%, in revenue terms, during the forecast period.
- Based on end user, women segment is projected to witness the highest CAGR of 4.3%, in revenue terms, during the forecast period.
- Based on distribution channel, the online segment is projected to witness the highest CAGR of 6.0%, in revenue terms, during the forecast period.
- Based on country, the U.S. was the largest country, in terms of revenue generation for the swimwear market in 2022.
- Based on region, Asia-Pacific is anticipated to witness the highest growth rate, registering a CAGR of 5.4% from 2023 to 2032.
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UpMarketResearch offers a latest published report on “Global Swimwear and BeachwearMarket Industry Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
The report contains 137 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.Swimwear and Beachwear market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
The report contains basic, secondary and advanced information pertaining to the Swimwear and Beachwearglobal status and trend, market size, share, growth, trends analysis, segment and forecasts from 2018 - 2023.Get FREE Exclusive PDF Sample Copy of This Report @https://www.upmarketresearch.com/home/requested_sample/3667The scope of the report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions.
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Secondary research techniques are implemented for better understanding and clarity for data analysis.The report for Swimwear and Beachwearmarket industry analysis & forecast 2018-2023 is segmented into Product Segment, Application Segment & Major players.Region-wise Analysis Global Swimwear and BeachwearMarket covers:• North America• Europe• China• Japan• Southeast Asia• IndiaThe Report covers in-depth analysis as follows:• Chapter 1 Swimwear and BeachwearMarket Overview• Chapter 2 Global Economic Impact on Swimwear and BeachwearIndustry• Chapter 3 Global Swimwear and BeachwearMarket Competition by Manufacturers• Chapter 4 Global Swimwear and BeachwearProduction, Revenue (Value) by Region (2013-2018)• Chapter 5 Global Swimwear and BeachwearSupply (Production), Consumption, Export, Import by Regions (2013-2018)• Chapter 6 Global Swimwear and BeachwearProduction, Revenue (Value), Price Trend by Type• Chapter 7 Global Swimwear and BeachwearMarket Analysis by Application• Chapter 8 Global Swimwear and BeachwearManufacturers Analysis• Chapter 9 Swimwear and BeachwearManufacturing Cost Analysis• Chapter 10 Industrial Chain, Sourcing Strategy and Downstream Buyers• Chapter 11 Marketing Strategy Analysis, Distributors/Traders• Chapter 12 Market Effect Factors Analysis• Chapter 13 Global Swimwear and BeachwearMarket Forecast (2018-2023)Gain Full Access of Swimwear and Beachwearmarket industry analysis & forecast 2018-2023 along with complete TOC @ https://www.upmarketresearch.com/reports/swimwear-and-beachwear-market“Global Swimwear and Beachwear-Global Market Industry Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.
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The Swimwear Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.This research report also includes profiles of major companies operating in the global market.
Some of the prominent players operating in the global Swimwear market are Alix, Arena Swimwear, Beachbunny Swimwear, Dolfin Swimwear, Gottex Swimwear, Nike Inc., Perry Ellis International, Inc., Roxy, TYR Swimsuits, and Zoke.
This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.Get more information on "Global Swimwear Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/swimwear-market/download-sampleMarket DynamicsThe rising number of commercial and private swimming pools across the globe catering to the increasing demand for swimwear among consumers that is further escalating the market growth.
Moreover, rising disposable income resulting in the purchase of different kinds of swimwear products based on their comfort, activities, and fashion apparels are augmenting the market growth.
On the contrary, volatility in the prices of raw material could affect market growth.The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity.
