Swimwear Market

Swimwear Market

Growth Factors of Swimwear Market

The swimwear market size was valued at USD 20.47 billion in 2023, and the market is now projected to grow from USD 21.22 billion in 2024 to USD 30.59 billion by 2032, exhibiting a CAGR of 4.68% during the forecast period of 2024-2032.

Pandemic negatively impacted the swimwear market growth due to journey regulations, lockdowns, and restrained swimming opportunities. Consumers canceled holidays and social gatherings, and the closure of retail stores similarly impacted sales, lowering demand for swimsuits.

The international recognition on fitness and well-being has increased participation in water-primarily based sports, riding demand for functional and aesthetically attractive swimming gear. As humans interact in water-based sports activities, specialized swimming wear is needed for performance and luxury. Athletes and adventure lovers call for features like hydrodynamics, durability, and chlorine resistance. In 2023, 41% of Australians participate in sports-related sports.

The developing cognizance of environmental problems has brought about a surge inside the call for for sustainable swimsuits, expanding the market's client base. Brands that prioritize sustainability benefit a competitive area, attracting moral consumers. Speedo, for instance, launched its maximum sustainable suit series with eighty two% recycled materials in June 2022.

Comprehensive Analysis of Swimwear Market

The swimming wear marketplace is split into polyester/nyJon and spandex, with polyester being the main material because of its sturdiness and resistance to wear and tear. The market is split into guys, girls, and youngsters, with women dominating the marketplace because of their style-orientated and diverse options. The marketplace is split into offline and on-line distribution channels, with offline stores main the future due to customized advice and a higher shopping experience. Online channels, which give convenience and fee discounts, are also gaining reputation, as many swimsuit manufacturers and outlets have an online presence to supplement their physical shops. This growth is predicted to pressure the call for on line distribution channels in the coming years.

The Asia Pacific region lead the swimwear market share by benefitting a market size of USD 6.64 billion in 2023 due to economic growth, increased disposable income, and popular tourist destinations. Both domestic and international tourists drive demand for swimwear products. China's median per capita disposable income increased 4.7% in 2022, indicating a growing demand for swimwear products in the region.

Swimsuits are increasingly popular because of their advanced substances, stretchability, durability, and UV safety. Compression technology enhances hydrodynamics and muscle aid, making them popular amongst aggressive swimmers and athletes. Manufacturers and architects continuously improve capability, consolation, and style, leading to new brands like IZSI. Key companies in the suit enterprise include Haddow Group Plc, Pentland Group PLC, Swimwear Anywhere Inc., Adidas AG, Puma SE, LVMH Moét Hennessy Louis Vuitton, Nike, Boardriders, Inc., and Arena Italia S.D.A.

In June 2023, American clothing logo Skims delivered suit collections presenting Kim Kardashian in its campaign programs.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 4.68% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Material

• Polyester/Nylon
• Spandex

By End-user

• Men
• Women
• Kids

By Distribution Channel

• Online
• Offline

By Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa

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