What will be factors contributing in Wetsuits Market in near future? O'Neill, Billabong International, Quiksilver, and Patagonia

U.S. wetsuits market size was estimated at over USD 110 million in 2015, with the regional surfing industry valued at over 7 billion in the same year. U.S. triathlon market revenue was over USD 2.5 billion in 2014, which is expected to prove favourable for wetsuit sales.

Global wetsuits market size is estimated to grow at a CAGR of over 4% from 2016 to 2023. Increasing demand for luxury sports is likely to boost the industry over the forecast period. Water sports need waterproof apparel with various characteristics such as breathability and thermal padding. Growing urbanization accompanied by dual-earning households is likely to increase disposable income and contribute to consumption.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/230

The suits are mainly used for thermal insulation when the user is immersed in water or frequently drenched with heavy spray. Activities such as sailing, underwater diving, river rafting, surfing, white-water kayaking, endurance swimming, and sea rescue operations are anticipated to fuel wetsuits market growth. Growing participation of women in water sports is also expected to boost demand.

Seasonality of water games may pose a challenge to the wetsuits industry, since professional sports are a key application segment. Increasing awareness regarding e-commerce coupled with growing spending on fun and leisure activities is likely to present growth opportunities.

Numerous companies are now focusing on manufacturing eco-friendly wetsuits by using various earth-conscious materials as well as production techniques. This includes utilization of natural rubber as a substitute to neoprene, use of recycled plastic bottles, and use of water-based glue instead of solvent-based materials for lamination purposes. As these suits have minimum seams, tailored fit body lines, and are anatomically correct, they allow unhindered warmth and superior performance

Reasons to Buy This Report:
1. Wetsuits Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Shrink Bundlers Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/wetsuits-market

Heated suits are likely to gain prominence owing to their ability of keeping the user's body warm. These costumes are installed with specialized heating panels that are powered by integrated batteries.

Semi-dry suits are effective costumes with efficient seals at the neck, ankles & wrist and zipper. This seal prevents water from entering inside and the user remains comfortable in spite of getting wet. Furthermore, the trapped water does not affect the insulating ability. These are usually produced from thick neoprene that provides high thermal protection at low levels. However, it loses its buoyancy and thermal protection abilities as the gas bubbles compress at depth. These are most appropriate for use where the water temperature ranges from 50° F to 68° F.

Asia Pacific wetsuits market size is predicted to witness significant growth owing to increasing spending on leisure activities. North America wetsuits market is anticipated to experience considerable growth from 2016 to 2023. Distribution channels include surf shops, general purpose sporting goods stores, company-owned stores, fashion retailers, and online stores.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/230

Key players accumulating major wetsuits market share include O'Neill, Billabong International, Quiksilver, and Patagonia. Other notable participants are Buell Wetsuits, Body Glove, C-Skins, Musto, Helly Hansen, Rip Curl, and Xcel Brands. Taiwan’s Sheico Group is a major exporter of wetsuits, and employs vertical integration as a key growth strategy.

Contact Us:
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.