About Swim Fins
Swim fins are normally used in underwater activities that include commercial, military divers, and sport. They are available in a wide variety of shapes, designs, and materials that are recoded to affect their performance. Increasing sports activity has led to significant growth in the market over the forecast period.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The swim fins market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. Product advancements and improvements in the swim fins platforms by the major players are increasing the competitive rivalry.The Vendors having a strong hold in the market are Speedo International, Cressi, FINIS, Inc., and Aqua Lung International. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Swim Fins market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Speedo International (United Kingdom), Cressi (Italy), FINIS, Inc. (United States), Aqua Lung International (France), TYR Sport, Inc. (United States), Arena S.p.A (Italy), Fin Fun (United States), Mares (Italy), Beuchat (France) and DMC SWIM (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Mahina Mermaid (Australia), Sun Tail Mermaid, LLC (United States), 360 Inc. (United States) and H2Odyssey (United States).
Segmentation Overview
AMA Research has segmented the market of Global Swim Fins market by Type (Short Blade Swim Fins, Fitness Swim Fins, Monofins, Breaststroke Swim Fins and Other Fins), Application (Men, Women and Kids) and Region.
On the basis of geography, the market of Swim Fins has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Swim Fins market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Entertainment will boost the Swim Fins market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing use of Solid Thermoplastic Rubber and Polypropylene which are Durable in Swim Fins
Market Growth Drivers:
Increasing Under Water Swimming Sports Activity In the Develeod Countries and Growing Demand due to Requiring Less Energy Cost of Swimming
Restraints:
Intense Competition among the Competitors
Opportunities:
Increasing Demand for Light Weight Swim Fins
Market Leaders and their expansionary development strategies
In October 2022, EXOTECH Innovations, a pioneer in developing breakthrough fins meant for military-grade applications along with other uses, commercially launched a foldable swim fin. The new product was previously only accessible to elite military personnel but with this launch, normal people can get their hands on one of the superior-grade products available in the market. The company was founded by diving hobbyists from Poland
In January 2023, Drake, a leading American rapper and owner of the shoe brand NOCTA, announced a collaboration with NIKE, a global sportswear company, for the launched of NOCTA x Nike sandal-fit swimming fins. Although the product looks like a shoe, it is supposed to be worn in the water. The new product has shorter fins in comparison to traditional flippers and thus maximizes speed and efficiency in water
Key Target Audience
Swim Fins Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.