Swimming Goggles Market Report Overview
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The global swimming goggles market size was USD 5422.2 million in 2021 and is expected to reach USD 6490.96 million by 2031, exhibiting a CAGR of 1.8% during the forecast period.
The use of swimming goggles improves vision in the water. Goggles shield the eyes from debris in the water when swimming. Goggles begin to fog up when the user's face, which is within the goggles, becomes hotter than the goggles' outer surface. As a result, water condenses to generate fog, which is especially challenging for swimmers to manage in the middle of a race or intense workout.
COVID-19 Impact: Underlying Condition to Impede Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with swimming goggles experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Many pools had to close after the COVID-19 was discovered in order to stop the virus's spread. Additionally, a number of swim competitions have been canceled worldwide. Brands frequently use these shows as a platform to present their swimsuit line. Numerous market difficulties have arisen globally as a result of the pandemic's global spread. such as the economic crisis that is affecting several regions and the job loss.
LATEST TRENDS
"Growing Health Concerns to Boost Market Growth"
Customers worldwide are becoming more health conscious due to the rising frequency of life-threatening lifestyle illnesses. In order to maintain their health, people are engaging in an expanding number of fitness-related activities. Swimming is a great way to keep your body in shape and is still one of the most widely played competitive sports in the world. Sales of swimming equipment are increasing due to a rise in swimming participation worldwide. These factors are expected to drive swimming goggles market growth in the coming years.
Swimming Goggles Market Segmentation
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- By Type
Based on type the market is classified as Metallic Lenses, Clear & Light Colored Lenses, Dark Colored Lenses, and Others.
- By Application
Based on application the market is classified as Competition, Practice, Recreational and Others.
DRIVING FACTORS
"Increasing Interest for Swimming to Attract Market Share"
A growing interest among women in participating in water sports is one of the many factors driving the global market for swimming goggles. The market for swimming goggles with an anti-fog coating is also expanding as people become more concerned of their eyes and face's health. Swimming is regarded as a safe and low-impact sport that has numerous advantages for the body and mind. It works out the entire body since it engages every muscle.
"Technological Advancements to Surplus Growth in Market"
Key elements, including style, trend, and fabric comfort, play a significant part in driving the industry as fashion trends change. In addition, producers and designers place a strong emphasis on swimsuit comfort because it has a significant influence on consumer choice. Value-added features like fashionable designs and practical cuts are quite popular, which is further fueling industry expansion. The swimming goggles market is anticipated to have significant sales in the next few years as a result of the growth in product developments and developing technologies, such as the use of neoprene fiber to make fabrics that improve their elasticity and efficacy.
RESTRAINING FACTORS
"Loosely Fitted Google to Impede Market Expansion"
Unfortunately, poorly fitting goggles waste valuable swimming time. Swimmers become dependent on goggles & fright when they don't have them.
Swimming Goggles Market Regional Insights
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"Presence of Prominent Players to Foster Growth in Europe"
Europe is estimated to have the greatest swimming goggles market share. Due to the presence of well-established players and the growth of water-based activities in these regions.
Asia Pacific is predicted to experience substantial growth in the swimming goggle market during the forecast period. This is due to the region's growing interest among women in water sports and the rising awareness of the importance of maintaining a healthy weight. During the anticipated years, swimming goggles are expected to be quite profitable on the markets in nations like China and India.
KEY INDUSTRY PLAYERS
"Prominent Manufacturers to Contribute Towards Expansion of Market"
The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players, and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.
List of Market Players Profiled
- Speedo (U.K.)
- Kaiman (U.S.)
- Nike (U.S.)
- Swedish (Sweden)
- Technoflex (Japan)
- TYR (U.S.)
- Aqua Sphere Seal (U.S.)
- Sprint (U.S.)
- ZOGGS (England)
- Engine (U.S.)
- Zone
REPORT COVERAGE
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 5422.2 Million in 2022 |
Market Size Value By |
US$ 6490.96 Million by 2031 |
Growth Rate |
CAGR of 1.8% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the swimming goggles market expected to touch by 2031?
The global swimming goggles market is expected to reach USD 6490.96 million by 2031.
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What CAGR is the swimming goggles market expected to exhibit by 2031?
The swimming goggles market is expected to exhibit a CAGR of 1.8 % by 2031.
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Which are the driving factors of the swimming goggles market?
Technological advancements and increasing interest in swimming are the driving factors of the swimming goggles market.
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Which are the top companies operating in the swimming goggles market?
Speedo, Kaiman, Nike, Swedish, Technoflex, TYR, Aqua Sphere Seal, Sprint, ZOGGS, Engine, Zone are the companies operating in the swimming goggles market.