Press release
Swimwear Market Opportunities, Future Insights, Growth, Size, Share And Forecast To 2033
Swimwear Market Overview
The Business Research Company presents an extensive market research report on the Swimwear Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The swimwear market size has grown strongly in recent years. It will grow from $22.72 billion in 2023 to $24.39 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to rise of beach tourism, body positivity movement, cultural influences, seasonal demand, marketing campaigns.
The swimwear market size is expected to see strong growth in the next few years. It will grow to $32.1 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to sustainability focus, resort wear integration, inclusive sizing and body positivity, customization and personalization, athleisure influence. Major trends in the forecast period include versatility in design, digital innovation in retail, bold prints and colors, celebrity collaborations, modest swimwear options, virtual try-on technologies.
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Key Market Players:
Major companies operating in the swimwear market report are PVH Corp, Pentland Group, Wacoal, Perry Ellis International, Quiksilver Inc., American Apparel Inc., Speedo International Limited, Arena S.p.A, Arena Italia S.p.A., Platypus Australia Swimwear, La Perla Group, PARA S.p.A., Hosa Industrial Co Ltd., TYR Sport Inc., Seafolly, Jantzen Inc., Gottex Swimwear, Moeva Swimwear, Diana Sport, Eveden Group, Dolfin Swimwear, Calzedonia Group, Zoke, Seaspray Swimwear, NOZONE, LIVIN' SWIMWEAR, ND Swimwear, Derong Group, David Mare
Market Drivers:
Growing consumer inclination towards water activities is expected to propel the growth of the swimwear market. The rising popularity of sports activities, particularly for health reasons and the growing number of international water sporting events, are pushing consumers to participate in water sports and recreational activities. For instance, in October 2023, according to the Livestrong Foundation, a US-based nonprofit organization, every year, over 91 million Americans, or 31% of the population, swim in lakes, rivers, and oceans. 36 % of kids aged 7 to 17 years swim at least six times a year and 15% of adults swim 6 times or more a year on average. Overall, there has been an upsurge in outdoor swimming owing to health and recreational benefits, and equally contributing to the growth of the swimwear market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/swimwear-global-market-report
The swimwear market covered in this report is segmented -
1) By Type: Women's Swimwear, Men's Swimwear, Goggles and Swim Caps
2) By Fabric Type: Nylon, Polyester, Spandex, Other Fabric Types
3) By End-User: Men, Women, Kids
4) By Distribution Channel: Online Stores, Offline Stores
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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