What is the global market size of Swimwear Market?

Swimwear Market size was valued at USD 12.5 billion in 2021 and is poised to grow from USD 12.96 billion in 2022 to USD 16.89 billion by 2030, growing at a CAGR of 3.5% in the forecast period (2023-2030).

Global Swimwear Market Size, Share, Growth Analysis, By Fabric Type(Polyester, Nylon), By End User(Men, Women), By Distribution Channel(Online, Offline) - Industry Forecast 2024-2031

Report ID: SQMIG30L2233 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 90 | Figures: 76

Global Swimwear Market Regional Insights

Asia Pacific became the largest geographic market for swimwear in 2021. Population growth, increased health consciousness, and product innovation are projected to fuel market expansion in the region's developed economies. Additionally, an increase in domestic water sport and fitness involvement among developing nations like China and India is expected to have a beneficial impact on the expansion of the regional market.

North America is the largest regional market for swimwear, followed by Europe. Due to the recent relative development in swimwear adoption in western European countries, western countries hold a sizable market share. The market in North America is being driven by an ongoing rise in leisure goods spending as well as a rising preference for swimming as a recreational activity. In terms of sales, the US dominated the market in 2021, with a share of more than 80% in North America. An American lady alone is thought to own four bikinis on average. Due to its luxurious beading, hardware, and comfort, the majority of designer swimsuits are sold in North America. These are the elements that are expected to fuel market expansion in the area.

Global Swimwear Market Report Snapshots

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Swimwear Market size was valued at USD 12.5 billion in 2019 and is poised to grow from USD 12.96 billion in 2023 to USD 16.89 billion by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).

To expand their product range and maintain a dominant position in the market, major manufacturers are concentrating on implementing critical business strategies like collaboration, acquisition, and new product releases. Multiple international and local players are present in the various segments of the global electric Swimwear market. Since increasing their market share is the main objective of most market participants, innovation is being included in both their products and acquisitions. 'Speedo International Ltd.', 'Adidas AG', 'Nike Inc.', 'Perry Ellis International', 'Quiksilver Inc.', 'Arena Swimwear', 'La Perla Group', 'Pentland Group plc', 'TYR Sport Inc.', 'Seaspray Swimwear', 'Boardriders Inc.', 'Dolfin Swimwear', 'Jantzen Swimwear', 'Gottex Swimwear', 'Swimwear Anywhere Inc.', 'Hosa International Limited', 'American Apparel, Inc', 'PVH Corp.', 'Wacoal Holdings Corp.', 'Triumph International AG'

One of the main factors boosting the growth of the swimwear industry is the rising demand for long-sleeve swimsuits. The health effects of UV radiation on the human body, particularly during and after swimming in open spaces like swimming pools and beaches, have grown due to severe climatic changes.

One of the major market trends influencing the growth of the swimsuit industry is the expansion of online and omnichannel retail. The fastest-growing segment of the global retail industry is e-retailing. Because of the widespread usage of internet services, the stronger economy, and the advancement of purchase and delivery possibilities brought about by the emergence of e-commerce, online shopping through smart devices has become increasingly popular over time. The importance of omnichannel retailing has grown as a viable substitute for interacting with customers both online and offline. In turn, this will fuel the expansion of the swimwear market over the forecast period.

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Global Swimwear Market Size, Share, Growth Analysis, By Fabric Type(Polyester, Nylon), By End User(Men, Women), By Distribution Channel(Online, Offline) - Industry Forecast 2024-2031

Global Swimwear Market Regional Insights

Global Swimwear Market Report Snapshots

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