Product ID: SQMIG30L2233
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 Insights
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).
It shields the wearer from salty sea water and chlorinated swimming pool water that can irritate the skin. The swimwear market is being driven by the rising rate of global population and product innovation to meet the need for specialized clothes for water activities and vacations by the pool or beach. It is expected that consumers will acquire various types of swimsuit goods based on their comfort, activities, and fashion appeal as a result of rapid changes in fashion trends and a rise in disposable money. Women from many cultures are becoming more and more interested in designer swimwear that enhances the slimming effect and gives value-added features such as practical cuts and fashionable designs. The growth of the spa and beauty sectors as well as rising female demand for specialty swimwear are in part driving the swimwear and beachwear market.
Swimming is thought to be the most well-liked sport and leisure activity. Growing fitness concerns among people of all ages are boosting interest in swimming as the finest physical activity. In turn, this is laying the groundwork for the mass purchasing of swimwear products. Exposing one's body is a widespread practice in various western nations, which has helped the market's sales of beachwear products grow. The market is also being driven by growing technical and process innovation in developed economies. The market has grown as a result of the development of numerous types of sophisticated fabrics that maintain their colour for a longer amount of time and are resistant to chlorine.
In numerous nations, including Australia, China, India, and Russia, swimming is the most popular sport. Growing industry is also aided by a rise in the popularity of water sports. To generate the appropriate texture, style, look, and other fashion aspects of swimwear, however, certain kinds of systematic processing and designing of raw materials and textiles like polyester, nylon, polypropylene, spandex, and neoprene are needed. The price volatility of certain raw materials has a higher impact on market size. Large investments are needed in R&D to meet the fluctuating demand for various designs, which raises the cost of designing and restrains market expansion.
US Swimwear Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Swimwear Market Report Snapshots
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