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Swimwear Market by Top Manufacturers – Haddow Group Plc, Nike Inc., Boardriders, Inc., Arena Italia S.p.A., Swimwear Anywhere, Inc., Adidas AG, Dick’s Sporting Goods

12-22-2018 07:12 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Big Market Research

Swimwear Market

Swimwear Market

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. Swimwear is not only worn for swimming but is also used as semi-casual wear for pool parties and at outdoor venues such as restaurants, resorts, and shopping centers.

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Swimwear is a costume 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 protects the wearer from chlorinated water in swimming pools and sea water, which contains salts that can cause skin rashes. It is manufactured using different types of fabrics such as polyester, nylon, spandex and other blended fibers, as they offer high elasticity, high drapability & comfort required for performing various water activities. Moreover, swimwear gains popularity as a semi-casual wear as the consumer nowadays prefers wearing these for pool parties and at outdoor venues such as restaurants, resorts, and shopping centers.

Product innovation and design drive the growth of the global swimwear market. These include new types of fabrics and materials with a variety of styles and prints. Manufacturers and designers focus on both the comfort level and features of swimwear, as it has a high impact on the consumer's purchase decision. Manufacturers have introduced innovative swimwear products such as thermal swimwear and swimsuits that provide UV protection to cater various needs of the customers. In addition, there is an increase in the demand for designer & trendy swimwear among middle-aged consumer. This factor increases the need for experimenting with design, patterns, and styles to meet the consumer’s expectation. The high demand for innovative and designer swimwear is projected to boost the growth of the swimwear market.

Swimming is consider as a healthy and low-impact activity that has many physical and mental health benefits such as alleviating stress, building endurance, muscle strength, and cardiovascular fitness. It also helps maintain a healthy weight, healthy heart, and lungs. It is a great recreational activity for people of all ages. Growth in interest of consumer in swimming as recreational & fitness activity fuels the growth of the global swimwear market. In addition, swimming is the most popular sport in many countries such as Russia, China, India, Australia, and others Increase in participation rate of water sports also contributes to the growth of the swimwear industry. 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 supplement the market growth. However, swimwear requires proper & systematic processing and designing of raw materials of various fabrics such as polyester, nylon, polypropylene, spandex, and neoprene to produce the desired texture, design, look, and other fashion attributes of swimwear. Price volatility of these raw materials affect the size of the swimwear market to greater extent. In addition, to cater to the fluctuating demand for different designs heavy inflow of investment for the R&D is required which leads to high cost of designing, thereby hampering the growth of the swimwear market.

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

Some of the major players analyzed in this report 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.

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Table of Content:
CHAPTER 1: INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. SNAPSHOT
2.2. KEY FINDING OF THE STUDY
2.3. CXO PERSPECTIVE

CHAPTER 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pocket
3.2.2. Top impacting factors
3.2.3. Top winning strategies

3.3. PORTER'S FIVE FORCES ANALYSIS

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyer high
3.3.3. Thereat of new entrants high
3.3.4. Threat of substitute low
3.3.5. Intensity of competitive rivalry

3.4. TOP PLAYER POSITIONING, 2017
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Product innovation in swimwear
3.5.1.2. Growing demand for luxury swimwear by women
3.5.1.3. Growing interest in swimming as a fitness and recreational activity

3.5.2. Restraints

3.5.2.1. Volatility in raw material prices
3.5.2.2. High cost of designing

3.5.3. Opportunities

3.5.3.1. Expansion in product line and innovations in mens swimwear
3.5.3.2. Incorporation of neoprene fiber to develop fabrics
3.5.3.3. Introduction of multifunctional cover-up swimwear and beachwear

CHAPTER 4: SWIMWEAR MARKET, BY END-USER

4.1. OVERVIEW

4.1.1. Market size and forecast, by end-user

4.2. Women

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by end-user
4.2.3. Market size and forecast, by country

4.3. Men

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by end-user
4.3.3. Market size and forecast, by country

4.4. Children

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by end-user
4.4.3. Market size and forecast, by country

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