Swimwear Market by Fabric (Polyester, Nylon, Neoprene, Spandex, and Others), Distribution Channel (Offline and Online), and End User (Woman, Man, and Child)

The Global Swimwear Market was valued at $18,454 million in 2017, and is projected to reach $28,148 million by 2024, registering a CAGR of 6.2% from 2018 to 2024. Swimwear is a type of clothing specially designed for people engaged in water-based activity or water sports such as swimming, water polo, surfing, water skiing, or even leisure activities such as sun bathing. It is also used to avoid skin rashes caused due to contact with pool chlorinated water. It is made by different types of fabrics such as polyester, nylon, spandex, and other blended fibers, which offers high elasticity & comfort.

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Swimming is considered as one of the most popular fitness & recreational activities. Increase in consumer interest in swimming and growth in number of family vacations along beach side boosts the demand for swimwear, thus propelling the growth of the market. In addition, factors such as growth in demand for luxury swimwear by women, increase in public or private swimming pools & clubs and high penetration & acceptance rates of ecommerce platforms also fuel the market. However, cost incurred in procuring raw materials and designing the swimwear affect the growth of the market to a greater extent.

The global swimwear market is segmented based on fabric, distribution channel, end user, and region. By fabric type, the swimwear market is divided into polyester, nylon, neoprene, spandex/elastane, and others. The distribution channel segment is bifurcated into offline and online. Based on end user, swimwear market is classified into woman, man, and child. By region, the swimwear market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The key players operating in this market are Haddow Group Plc, Nike Inc., Boardriders, Inc., Arena Italia S.p.A., Swimwear Anywhere, Inc., Adidas AG, Dick's Sporting Goods, Gap Inc., Phillips-Van Heusen Corporation (PVH Corp.), and Perry Ellis International Inc.

Swimwear is manufactured from natural & artificial fabrics such as polyester, nylon, spandex, and others. Some swimwear are made from single type of fabric, while others are prepared from mixture of fabrics. The fabric is selected based on the attributes offered by it and usage of the apparel. Polyester is a major category of swimwear fabrics; various types of swimwear are formulated using polyester to obtain stretching and shrinkage resistance. In addition, its quick drying and easy washable characteristics create demand for this material among the manufacturers.

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With a wide assortment of brands, the women's swimwear segment dominates the global swimwear market and is projected to remain dominant throughout the forecast period. Women opt for swimwear not only for competitive activities but also for regular surfing and aquatic fitness activities. Swimwear for women is available in multiple bold colors, asymmetric designs, African and geometric prints, and classic yet modern silhouettes. The high demand for luxury & innovative swimwear such as thermal swimwear and swimsuits that provide UV protection is anticipated to fuel the luxury swimwear market.

Key Findings of the Swimwear Market:

• By end user, the woman swimwear segment was the highest contributor to the market in 2017, and is projected to grow at a CAGR of 6.4%.
• By fabric, the polyester segment is expected to grow at the highest CAGR of 6.5% from 2018 to 2024.
• By region, Asia-Pacific accounted for one-fifth of the share in the global swimwear market in 2017 and is projected to grow at a significant CAGR of 8.4%.
• In 2017, China accounted for the highest swimwear market share accounting approximately for 31.51% in Asia-Pacific.
• In 2017, by distribution channel, the offline segment generated the highest swimwear market share and is expected to grow at significant CAGR of 6.2%.
• By fabric, the polyester and spandex segments collectively accounted for about 65% share of the swimwear market in 2017.

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