Global Swimwear (Swimsuit) Market by Fabric Type, Distribution Channel, End-user,and Region – Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2030
Overview
The Swimwear (Swimsuit) Market size was valued at USD 26.69 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 6.25% through 2024 to 2030, reaching nearly USD 40.79 Bn.
Swimwear (Swimsuit) Market Overview:
The Global Swimwear (Swimsuit) market was valued at USD 26.69 Bn. in 2023, and it is expected to reach USD 40.79 Bn. by 2030 with a CAGR of 6.25% during the forecast period. A type of apparel swimwear particularly designed for people engaged in a water-based activity or water sports like swimming, water polo, surfing, water skiing, or even relaxation activities such as sun-bathing. It is also used to avoid skin rashes caused because of contact with pool chlorinated water. It is made by different types of fabrics for example polyester, nylon, spandex, and other blended fibres, which provide high elasticity & comfort.
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Swimwear (Swimsuit) Market Dynamics:
The swimwear contains comfortable dress codes, increasing awareness in body care, social mobility, acceptance of swimming as relaxing leisure for an aging population and better appearance of the textile industry are the major factors boosting the growth of the global swimwear market. The growth of beauty & spa industries and augmented demand for specialty swimwear by women are also driving the swimwear market in the future. Furthermore, increasing health awareness has resulted in the improved sell of the swimwear as people want to expose their bodies. However, technologically advanced world long-term aging demographics, private circumstances in some parts of world & deficiency in others, and cultural, social & religious obstacles are restraining the growth of the global swimwear market.
The market value of swimwear is indirectly increasing as government and non-profit organisations increase their investments in the creation and upkeep of swimming pools. In 2022, the United Kingdom's government plans to invest EUR 4 billion in community facilities, including swimming pools. According to a report released by the Swim England Organization in November 2022, a single 25-meter pool can save the NHS and social care system more than EUR 1.2 million in community savings and generate EUR 7.2 million in social value.
Swimwear (Swimsuit) Market Segment Analysis:
The Global Swimwear (Swimsuit) Market is segmented by Fabric Type, End User, and Distribution Channel.
Based on the Fabric Type, the market is segmented into Nylon, Polyester, and Other Synthetics (Neoprene, Cotton, Polybutylene Terephthalate etc.). polyester segment is expected to hold the largest market shares of xx% by 2030. Numerous types of swimwear are formulated using polyester to obtain stretching & shrinkage resistance. Also, it’s fast-drying & easily washable characteristics make the demand for this material among the producers. Furthermore, it improves the durability of swimwear, on account of advantages like resistance to wrinkles, scratch, and most chemicals. Accordingly, the incorporation of advanced fabrics in swimwear manufacturing is expected to boost the growth of the global swimwear market. These are the key factor that drives the growth of this segment in the Global market during the forecast period 2024-2030.
Based on the End User, the market is segmented into Men, Women, and Kids. Women segment is expected to grow rapidly at a CAGR of xx% during the forecast period. Women's desire to look fashionable at the pool or on the beach is driving up swimwear demand. As a result, designers are constantly changing their swimwear collections. Incorporating more stylish elements into swimwear is also enticing more customers, particularly the younger age. These are the key drivers that boost the growth of this segment in the Global market during the forecast period 2024-2030.
Swimwear (Swimsuit) Market Regional Insights:
Asia Pacific dominates the Global Swimwear (Swimsuit) market during the forecast period 2024-2030. Asia Pacific is expected to hold the largest market shares of xx% by 2030. Asia Pacific region countries such as China are expected to experience quick growth in the estimated period. This is due to the growth in population, health consciousness, and advanced product outlines are the factors boosting the swimwear market growth. Additionally, an increase in the involvement rate of water sports & fitness among countries like India and China at a domestic level is expected to influence the swimwear market across these regions. These are the major drivers that boost the growth of this region in the Global market during the forecast period 2024-2030.
Europe is expected to grow rapidly at a CAGR of xx% during the forecast period. Due to recent development in the popularity of swimwear in western European countries, Western countries hold a considerable market share. These are the key drivers that boost the growth of this region in the Global market during the forecast period 2024-2030.
North America expected to grow rapidly at a CAGR of xx% during the forecast period. The market in North America is being driven by an increase in leisure goods spending, as well as a growing preference for swimming as a recreational activity. In terms of revenue, the United States dominated the industry in 2018, capturing more than 80% of the market in North America. An American lady is expected to own four swimsuits on average. Due to their premium beading, hardware features, and comfort, most designer swimsuits are sold in North America. These are the factors that are expected to drive regional market growth.
The objective of the report is to present a comprehensive analysis of the Global Swimwear (Swimsuit) Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The reports also helps in understanding the Global Swimwear (Swimsuit) Market dynamic, structure by analyzing the market segments and project the Global Swimwear (Swimsuit) Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Swimwear (Swimsuit) Market make the report investor’s guide.
Global Swimwear (Swimsuit) Market Scope: Inquire before buying
| Global Swimwear (Swimsuit) Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 26.69 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 6.25% | Market Size in 2030: | USD 40.79 Bn. |
| Segments Covered: | by Fabric Type | Nylon Polyester Other Synthetics (Neoprene, Cotton, Polybutylene Terephthalate etc.) |
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| by Distribution Channel | Online Offline |
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| by End-user | Men Women Kids |
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Swimwear (Swimsuit) Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (razil, Argentina Rest of South America)
Swimwear (Swimsuit) Market, Key Players are:
1 LVMH Moët Hennessy Louis Vuitton SE
2 Phillips-Van Heusen Corporation
3 L Brands, Inc.
4 Perry Ellis International. Inc.
5 Pentland Group plc.
6 Arena Italia S.p.A.
7 ASICS America Corporation
8 Swimwear Anywhere Inc.
9 Wacoal Holdings Corporation
10 Hosa International Limited
11 Diana Sport.
12 American Apparel, Inc.
13 NoZONE Clothing Limited
14 La Perla Group
15 O'Neill, Inc.
16 PARAH S.p.A
Frequently Asked Questions:
1] What segments are covered in Market report?
Ans. The segments covered in Global Swimwear (Swimsuit) Market report are based on Fabric Type, End User, and Distribution Channel.
2] Which region is expected to hold the highest share in the Market?
Ans. Asia Pacific is expected to hold the highest share in the Global Swimwear (Swimsuit) Market.
3] Who are the top key players in the Market?
Ans. Perry Ellis International. Inc., Pentland Group plc., Arena Italia S.p.A., ASICS America Corporation, and Swimwear Anywhere Inc. are the top key players in the Global Swimwear (Swimsuit) Market.
4] Which segment holds the largest market share in the market by 2030?
Ans. Polyester segment hold the largest market share in the Global Swimwear (Swimsuit) market by 2030.
5] What is the market size of the Global market by 2030?
Ans. The market size of the Global Swimwear (Swimsuit) market is USD 40.79 Bn. by 2030.
6] What was the market size of the market in 2023?
Ans. The market size of the Global Swimwear (Swimsuit) market was worth USD 26.69 Bn. in 2023.