Swimwear and Beachwear Market is Expected to Grow at a Significant CAGR of 5.3%, Growing Rate of Population Across the Globe

The global Swimwear and Beachwear market is expected to be valued at US$ 22.1 Bn in 2022 and is poised to grow with a significant CAGR of 5.3% over 2022-2028. A few crucial factors promoting market expansion include improved textile industry performance, rising body care interest, rising health consciousness, expanding popularity of water sports driving the creation of sports, rising population growth rates globally, and product innovation. The market is being constrained, nevertheless, by the high cost of the products. Additionally, the market has a lot of room to grow due to the fast expansion of promising economies.

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Casual Clothing segment accounted for higher revenue share:
Based on application, global Swimwear and Beachwear market is segmented into Casual Clothing, Beach Wear, Swim Trunks, Wet Suits, Racing Suits and Others. Casual Clothing segment market is expected to acquire significant CAGR and will dominate over the forecast period. Beach Wear held considerable market share during estimated period.

North America leads the Global Swimwear and Beachwear Market:
PBI's global Swimwear and Beachwear market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America accounted for significant revenue share in 2021 and the same trend is projected to follow over 2022-2028. The comfort, hardware features, and opulent beading of this area have contributed to the market expansion. The market in the region is expanding primarily due to the U.S. Due to the widespread acceptance of swimwear in western European nations, Europe held a substantial market share over the anticipated period.

Strategic Acquisitions, Merger, Agreements, Collaborations and Partnerships are the key strategies adopted by market players:
Global Swimwear and Beachwear market further reveals that the key player's increasingly adopting strategies such as strategic acquisitions, merger, agreements, collaborations and partnerships are the key strategies adopted by market players.

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The global Swimwear and Beachwear market is segmented on the basis of emend-usertype and region.
By End User
• Men's Wear
• Women's Wear
• Kids' Wear

By Type
• Casual Clothing
• Beach Wear
• Swim Trunks
• Wet Suits
• Racing Suits
• Others

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Key player's profiles in the report are Arena Italia S.p.A, Diana Sport, Jantzen Apparel LLC, NoZONE Clothing Limited, O`Neill Inc., Panos Emporio, PARAH S.p.A, Perry Ellis International Inc., PVH Corp., Quiksilver Inc. and Seafolly.

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