Global Swimwear Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

Global Swimwear Market Overview

"The Swimwear Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market.

In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global swimwear market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Swimwear is a type of clothing or costume worn by people while swimming or during any water sports activities. The swimwear is also known as, swimsuit, bathing suit, swimming costume, and swimming togs.

Dynamics:

Growing demand for customized swimwear among individuals across the globe is a key factor expected to drive growth of the global swimwear market over the forecast period. In addition, increasing preference for luxury swimwear among young population across the globe owing to increasing disposable income is another factor expected to support the growth of the global swimwear market during the forecast period.

In addition, growing demand for swimwear as a costume for various physical and sport activities such as swimming, water skiing, water sports, surfing, and sunbathing among individuals is expected to boost growth of the global market in the next 10 years.

Increasing awareness regarding the health benefits of swimming such as reducing stress, healthy heart, strengthening muscles, healthy lungs, building endurance, and maintaining a healthy weight through cardiovascular fitness among individuals across the globe is among some factors expected to proliferate the growth of the target market.

Furthermore, increasing product innovation trends by manufacturers and designers in the clothing industry in turn is expected to fuel growth of the target market during the forecast period.

However, availability of high cost associated with luxury swimwear’s and low penetration in various emerging countries are some factors expected to restraint growth of the global swimwear market to a certain extent.

Segment Analysis:

On the basis of fabric type, the neoprene segment is expected to dominate in the global swimwear market, owing to various features offered by neoprene fabric such as enhanced flexibility, high thermal insulation, adequate surface friction, and lightweight.

On the basis of distribution channel, the others segment is expected to dominate the global market, owing to increased sales and growing demand for bulk designer and modern swimsuits, especially multifunctional one-piece and cover-ups.

On the basis of end-user, the women segment is expected to dominate in the global market, owing to the high adoption of changing fashion trends and growing demand for luxury swimwear by women across the globe.

Regional Analysis:

Market in the Asia Pacific is expected to dominate the global market in terms of revenue, owing to the high demand for luxury swimwear among the women population due to increasing disposable income and high penetration of E-commerce platforms in emerging countries such as China, Japan, and India in the region.

Market in North America is expected to register significant growth in the global market followed by the market in Europe, owing to increasing end-user preferences for swimwear during fitness activity, high presence of prominent players of designer swimwear, and availability of customized design, texture, and other fashion attributes in countries such as Germany, US, Canada, and France in the region.

Market in Latin America and Middle East & Africa are expected to witness lucrative growth in terms of revenue, owing to increasing production of Halal swimwear by clothing industries in countries in the region.

Global Swimwear Market Segmentation:

Segmentation by Fabric Type:

• Nylon
• Spandex
• Polyester
• Neoprene
• Others (Cotton, Tan-Through Fabrics, Polyester PBT, and Lycra)

Segmentation by Distribution Channel:

• Online
• Direct Sales
• Store-Based Retailing
• Non-Store-Based Retailing
• Others (Retailers, General Merchandisers, Supermarket, and Designer Shops)

 Segmentation by End-User:

• Men
• Women
• Children

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa