Global Swimwear Market Overview:
In developed countries such as United States, Germany and many more, swimming is considered as one of the most popular fitness activities which are majorly driving the swimwear market. The growing number of waterfronts/parks and swimming pools in western countries are adding fuel to this market. Moreover, with a relative growth in the adoption of swimming as an activity in the Asia Pacific region has made a tremendous increase for swimsuits. Rising interest of people for a family vacation along the beachside coupled with making swimming a sports activity is propelling the growth of this market. It is assumed that in 2017, the global swimwear market was valued at 18.45 billion USD and will be 28.15 billion USD till 2024.
As per latest study released by AMA Research, the Global Swimwear market is expected to see growth rate of 6.6%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Launch of Multifunctional Cover up Swim Wears, Adoption of Swimming by People had made the Health Fuel Sale of Different Types of Swimwear and Adoption of UV Protective Swimwear due to Skin Cancer Awareness
Market Growth Drivers:
Rising Interest of People towards Active and Healthy Life Style Activities Such as Swimming, Increasing Swimming Competitions Globally and Increasing Preference for Swimming as a Leisure and Recreational Activity
Challenges:
High Cost Incurred in Procuring Raw Materials and Designing the Swimwear and Issue Related to Cultural Boundaries in Some Countries
Restraints:
High Cost of these Swim Wears Suits and Low Penetration in Various Emerging Countries are Some Factors Expected to Restrain Growth of the Global Swimwear Market
Opportunities:
Growing Establishment of Water Parks in Countries such as China and India and Rising Demand for Luxury Swimwear by Women, an Increasing Number of Public or Private Swimming Pools & Clubs, and High Penetration & Acceptance Rates of E-Commerce Platforms
Competitive Landscape:
Some of the key players profiled in the report are Speedo (United Kingdom), Reebok (United States), Arena (Italy), Zoke (China), Yingfa (United States), Triumph (United Kingdom), American Apparel (United States), Dolfin Swimwear (United States), La Perla Group (Paris) and NIKE, Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like Adidas AG (Germany), DICK'S Sporting Goods, Inc. (United States) and Gap Inc. (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Swimwear market by 2030. Considering Market by Category, the sub-segment i.e. One-Piece Swimsuit will boost the Swimwear market. Considering Market by End- Use, the sub-segment i.e. Women's Swimsuit will boost the Swimwear market. Considering Market by Distribution Channel, the sub-segment i.e. Offline will boost the Swimwear market.
In 2019, Speedo the Leading Swimwear brand has launched what it says is its smartest Fast skin range yet after utilizing new technologies and fabrics to yield a swimsuit for every type of competitive swimmer.
What Can be Explored with the Swimwear Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Swimwear Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Swimwear
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Swimwear market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Swimwear market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Potential Investors, Up and Down Stream Vendors, Suppliers and Distributors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.