Swimwear & Beachwear Market Size & Share Forecast Period 2020-2030
Swimwear and beachwear are pieces of apparel intended to be worn by people participating in water-based activities or water sports such as swimming, water polo, driving surfing, water skiing, or sunbathing. In sports like scuba diving, water skiing, and wakeboarding, a swimsuit is required as an undergarment. In the industry, there is a wide range of modern and trendy swimsuits that vary in size and quality. Swimming is the most common fitness and leisure activity in the world. Swimming is becoming more common as a best physical exercise due to rising health concerns among people of all ages. This, in essence, is laying the groundwork for a large-scale procurement of swimwear. Exposing one’s body is a common occurrence in some Western countries, which has effectively increased the selling of beachwear items on the market.
Global Swimwear & Beachwear Market to surpass USD million by 2030 from USD million in 2020 at a CAGR of 4.9% in the coming years, i.e., 2021-30. This growth is anticipated due to increasing mergers and acquisitions across various sectors which will create a worldwide demand forSwimwear & Beachwear. The growth of online stores is also propelling the selling of high-end products. E-commerce allows the simple purchasing of goods manufactured in remote locations. This, in turn, has made a major contribution to the development of the GlobalSwimwear & Beachwear Market industry.
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Global Swimwear & Beachwear Market: Key Players
- PARAH S.p. A
- Perry Ellis International Inc.
- PVH Corp.
- Quiksilver Inc.
- Seafolly
- Seaspray Swimwear
- Speedo International Ltd.
- Swimwear Anywhere Inc.
- TYR Sport Inc
- Other Prominent Players
Global Swimwear & Beachwear Market: Segments
Polyester segment to grow with the highest CAGR during 2020-30
Global Swimwear & Beachwear Market is segmented by product type into Nylon, Polyester, Spandex, and others. Polyester segment held the largest market share in the year 2020. Polyester is used to make a variety of swimwear that is resistant to stretching and shrinkage. Manufacturers are also drawn to this material due to its fast-drying and easy-to-clean properties. Also, it improves the longevity of swimwear by providing benefits such as wrinkle resistance, abrasion resistance, and chemical resistance. As a result, the use of advanced fabrics in swimwear production is expected to fuel global market growth. Nylon is a popular fabric because of its high elasticity, low weight, and smooth fit. It’s a cloth that’s used as a substitute for polyester.
Women segment to grow with the highest CAGR during 2020-30
Global Swimwear & Beachwear Market is segmented by end-user into Men, Women, Boys, and Girls. Over the forecast period, the women end-user is projected to expand at the fastest pace. Women’s urge to look fashionable at the pool or beach is driving up demand for swimwear. Women’s swimwear demand is also being driven by emerging trends such as bright colors, abstract patterns, asymmetric styles, and traditional yet contemporary shapes. As a result, designers are constantly updating their swimwear and beachwear collections. The women’s end-user segment is benefiting from increased demand for specialized swimwear, such as thermal swimwear and swimwear with UV protection.
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Swimwear & Beachwear Market Dynamics
Drivers
Rising interest in body care and growth of beauty spa industry
Relaxed dress codes, rising interest in body care, social mobility, acceptance of swimming as a calming pastime for an aging population, and enhanced apparel industry performance are all major drivers for the swimwear and beachwear market. The increase in demand for specialty swimwear by women, as well as the growth of the beauty and spa industries, is driving the swimwear and beachwear market to some degree. Furthermore, when people continue to show their bodies, increasing health consciousness has resulted in increased sales of swimwear and beachwear. In the developing world, the Western swimwear trend is gaining traction. Southeast Asia and China, on the other hand, are developing countries with enormous growth potential.
Restraint
Ageing demographics and social as well as cultural barriers
Long-term aging demographics in the developed world, affluent circumstances in some parts of the world versus poverty in others, and cultural, social, and religious barriers are all limiting the growth of the swimwear and beachwear industry.
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Global Swimwear & Beachwear Market report also contains analysis on:
Swimwear & Beachwear Market Segments:
- By Product Type
- Nylon
- Polyester
- Spandex
- Others
- By End-user
- Men
- Women
- Boys
- Girls
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