Luxury Swimwear Market Size, Share, Growth, and Industry Analysis by Type (Skirt Fission, Skirt Conjoined, Non-skirt Split, Non-Skirt Joint, Beach Pants, and Others) By Application (Men, Women, Boys, and Girls), Regional Insights, and Forecast From 2024 To 2031

Luxury Swimwear Market Report Overview

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The global luxury swimwear market size was USD 21900.0 million in 2021 and is projected to touch USD 39292.67 million by 2031, exhibiting a CAGR of 6.02% during the forecast period.

Luxury swimwear is an item of suitable clothing while swimming or bathing.The innovation of swimwear and growth in the fashion industry is anticipated to fuel market progress. The cloth material can act as heat-proofing and confine a layer of water against the skin. Increased promotion by the fashion sector for swimwear is predicted to drive market progress. Increased awareness about the benefits of swimming such as fat loss, improve sleep, healthy heart and lungs, stress management, and others are anticipated to attract more consumers of swimwear. A rise in the growth of amusement parks and a large population visiting water amusement parks with family and friends. Swimwear helps to protect skin from chlorinated water and is expected to fuel market growth. Several people are inclined to water sports activities and water surfing is projected to flourish in market development in the upcoming years. Growing demand for a beach vacation and increased beach visitors are predicted to surge market growth. On the contrary, the high cost of swimwear is anticipated to limit the market growth. The presence of alternatives at a lower cost is predicted to hinder market progress in the upcoming years.

COVID-19 Impact: Social Distance Protocols and Closure of Water Parks and Beaches to Reduce Market Progress

The global COVID-19 pandemic has been unprecedented and staggering, with luxury swimwear experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Lockdown restrictions to harm market progress due to the closure of amusement parks and beaches. High demand to save human lives and the closure of outdoor activities halt market growth. The shutdown of malls and a lower rate of production facilities reduce market growth.

LATEST TRENDS

"Rapid Changes in Fashion Industry to Surge Market Progress"

Rapid changes in fashion trends and the swimmer offers value-added features such as trendy prints, comfortable, perfect fit, and enhance slimming effect is anticipated to boost the popularity of the product among consumers. The innovation of swimwear and growth in the fashion industry is anticipated to fuel market progress. The cloth material can act as heat-proofing and confine a layer of water against the skin. Increased promotion by the fashion sector for swimwear is predicted to drive market progress in the upcoming years.

Luxury Swimwear Market Segmentation

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• By Type

Based on type, the market is divided into skirt fission, skirt conjoined, non-skirt split, non-skirt joint, beach pants, and others.

Skirt conjoined is expected to be the top part of the segmentation type.

• By Application

Based on the application, the market is divided into men, women, boys, and girls.

Women are expected to be the top part of application segmentation.

DRIVING FACTORS

"Growing Fitness popularity among Population to Surge Market Growth"

Increased fitness popularity among the population is expected to drive market growth. Increased awareness about the benefits of swimming such as fat loss, improve sleep, healthy heart and lungs, stress management, and others are anticipated to attract more consumers of swimwear. Several marketing promotions and increased branding of celebrities are expected to drive market growth. Growth in the online sector and influence of social media. Huge need for clothing among millennials. Increased innovations and unique designs of clothing are predicted to drive market progress in the forthcoming years. Increased spending capacity and a rise in disposable income are predicted to drive market growth.

"Growth of Amusement Parks to Foster Market Growth"

A rise in the growth of amusement parks and a large population visiting water amusement parks with family and friends. Swimwear helps to protect skin from chlorinated water and is expected to fuel market growth. Several people are inclined to water sports activities and water surfing is projected to flourish in market development in the upcoming years. Growing demand for a beach vacation and increased beach visitors are predicted to surge the luxury swimwear market growth over the estimated period.

RESTRAINING FACTORS

"High Costs of Swimwear to Limit Market Growth "

The high cost of swimwear is anticipated to limit the market growth. The presence of alternatives at a lower cost is predicted to hinder market progress in the upcoming years.

Luxury Swimwear Market Regional Insights

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"Accumulative Growth of Water Sports and Fitness in Asia Pacific to Drive Market Share "

Asia Pacific is estimated to dominate the luxury swimwear market share owing to the accumulative growth of water sports and fitness. Increased establishment of swimming pools and growth of tourism sectors is predicted to drive market progress. Growth in the online sector and influence of social media. Huge need for clothing among millennials. Increased innovations and unique designs of clothing are predicted to drive market progress in the forthcoming years. Increased spending capacity and a rise in disposable income are predicted to drive market growth.

North America is anticipated to be the second dominating region for its popularity of beach volleyball. Increased family vacations and growing beach festivals in anticipated to accelerate market growth in the upcoming years.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

LIST OF TOP LUXURY SWIMWEAR COMPANIES

• Lisa Marie Fernandez (U.S.)
• Seafolly (Australia)
• RELLECIGA (Singapore)
• Gottex (France)
• Agent Provocateur (U.K.)
• Dolce＆Gabbana (Italy)
• CHANEL (U.K.)
• Aubade (France)
• Gucci (Italy)
• MONA (U.K.)
• Prism London (U.K.)
• Orlebar Brown (U.K.)
• LVHM (France)
• Missoni (Italy)
• Zimmermann (France)
• Victoria's Secrets (U.S.)
• ERES (U.K.)
• Marysia (U.S.)
• L*SPACE (U.S.)
• Melissa Odabash (U.K.)
• Anjuna (U.S.)
• Minimale Animale (U.S.)
• Maaji (U.S.)
• Billabong (Australia)
• Adriana Degreas (U.S.)
• La Perla (Italy)
• Beach Bunny Swimwear (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.