What is Wetsuits Market?
A wetsuit is a garment used for water sports and other activities in or on water. It is usually made of foamed neoprene material, a stretchy synthetic rubber material. It works by trapping a thin layer of water between the wetsuit and the skin. It is used for thermal insulation for activities where the user is likely to be immersed in water or frequently doused with heavy spray, often approaching from near-horizontal directions, where normal wet-weather clothing is unlikely to keep the water out.
The market study is being classified by Type (Hooded Wetsuits, Full Wetsuits, Convertible Wetsuits, Sleeveless Wetsuits, Shorty or Spring Wetsuits and Others), by Application (Men, Women and Kids) and major geographies with country level break-up.
O'Neill (United States), Billabong International Limited (Australia), Quiksilver (Australia), Patagonia, Inc. (United States), Buell Wetsuits & Surf (United States), Body Glove (United States), C-SKINS WETSUITS LIMITED (United Kingdom), Musto (United Kingdom), Helly Hansen (Norway) and Rip Curl (Australia) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are XCel Brands Inc. (United States).
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Wetsuits market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Wetsuits market by Type, Application and Region.
On the basis of geography, the market of Wetsuits 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Water-Based Sport Activities
- Increasing Urbanization and Increased Disposable Income of the People
Market Trend
- High Demand for Wetsuits with Improved Features
Restraints
- Fluctuations in the Raw Material Prices
Opportunities
- Rise in Water Sports Participation in South East Asia
- Growth in the World Population
Challenges
- Availability of Low Quality Wetsuits in Cheaper Rates
Market Leaders and some development strategies
In April 2018, Boardriders, Inc., a global action sports and lifestyle company that owns and operates Quiksilver, Roxy and DC Shoes brands, announced today that it has completed the acquisition of Billabong International Limited. The combination of these two businesses creates the world's leading action sports company
Key Target Audience
Wetsuits Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user