Swimwear Swimsuit Market Size, Share, Growth, and Industry Growth by Type (One-Piece Swimsuit, Two-Piece Swimsuit, Swimming Trunks and Bikini) By Application (Men, Women and Children) Regional Forecast From 2023 To 2030

Updated On: 01 April 2024

SWIMWEAR SWIMSUIT MARKET REPORT OVERVIEW

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The global swimwear swimsuit market size is expected to be USD 23.99276 billion in 2022 and the market is projected to touch USD 34.65023 billion by 2028, with a growing CAGR of 6.32% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with swimwear swimsuit experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

The growing number of swimwear and swimsuit retail stores opening all over the world has a considerable positive impact on global swimwear and swimsuit sales. Leading brands like Saltwater Collective and Minnow Bathers dominate the swimsuit industry in nations like Canada, and they are spreading their reach across the nation in order to increase their value share. Londre, Knix, Decathlon, and other well-known swimwear and swimsuit retailers are among those that are active in the nation. Neoprene fiber is used to create textiles with increased flexibility and effectiveness, which helps the market expand.

Key elements including style, trend, and fabric comfort play a big part in driving the market in light of the shifting fashion trends. As swimsuit comfort has a significant influence on consumers' buying decisions, manufacturers and designers pay close attention to it. The market is expanding because to consumer demand for value-added features including fashionable patterns and practical cuts. In the next years, the swimsuit market is anticipated to have significant sales due to growing product developments and developing technology, such as the inclusion of neoprene fiber to build fabrics that increase their flexibility and efficacy.

COVID-19 Impact: Lockdown and Strict Protocols Hindered the Market

Covid badly affected the swimwear swimsuit market due to supply chain disruptions and shortage in raw materials was also observed. Shortage of labor and strict protocols such as lockdowns and restrictions on movement created roadblocks, disruptions in end-use sectors of the product led to lower demand.

LATEST TRENDS

"Development of Textiles, Increased Flexibility and Effectiveness to Propel the Market"

The market for swimwear and swimsuits is seeing significant growth in the development of textiles with increased flexibility and effectiveness. A swimsuit's elastic content is essential since it helps to sculpt the body and maintain a secure fit. Swimwear's elastic is resistant to the sun, seawater, and chlorinated water. The swimsuit industry's businesses are creating cutting-edge textiles to satisfy consumer needs and boost comfort. For instance, MeUndies, a company that makes sportswear in the USA, just debuted a line of swimwear made of fabric made from nylon and plastic bottles that have been recycled. The brand-new material is gentle on the environment, plush, extraordinarily elastic, and ocean-safe.

SWIMWEAR SWIMSUIT MARKET SEGMENTATION

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• By Type Analysis

By type, market is segmented into one- piece swimsuit, two- piece swimsuit, swimming trunks and bikini. The one- piece swimsuit segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into men, women and children. The men segment will lead the global share through 2028.

DRIVING FACTORS

"Consumer Interest in Water Sports and Women Swimwear Demand to Boost the Market"

During the anticipated timeframe, the women's swimwear application sector will have a sizable market share in swimwear. The need for novel items in the worldwide women's swimsuit industry is significant. As a result, manufacturers have been compelled to release cutting-edge swimwear, such swimsuits with built-in UV protection. As a result, the growth of the swimwear and swimsuit industry as a whole will be influenced favorably by these novel goods.

The market for swimwear swimsuits is anticipated to develop as consumer interest in water sports increases. Consumers are being pushed to participate in water sports and leisure activities by the expanding popularity of sports, particularly for health reasons, and the rise in the number of international water sporting events.

"Demand For Long-Sleeve Swimsuits to Push the Market "

One of the primary factors boosting the growth of the swimming swimsuit market is the rising demand for long-sleeve swimsuits. Sunburns, rashes, skin tanning, and, in severe cases, skin cancer can all be caused by the damaging effects of UV radiation. Swimmers are looking for swimsuits that may cover up a large percentage of their bodies as a result of this increased skin health awareness among swimmers. Due to the rising demand for long-sleeve swimsuits, vendors have recently developed goods to meet this need. Examples of long-sleeve swimsuits available in a variety of styles, sizes, and colors include those from the Billabong and ROXY swimwear lines from Board Riders Inc. The rise of the swimwear and swimsuit markets will be fueled by such products.

RESTRAINING FACTORS

"Cultural Constraints and Norms to Restrain the Market"

One of the things preventing the market for swimwear swimsuits from expanding is cultural constraints on the use of swimwear swimsuits. Wearing skimpy clothing, such as swimsuits, and swimming in public spaces, such as public swimming pools and beaches, are seen as taboo for women in many countries in MEA, Europe, and Asia. These practices also go against cultural norms. Swimwear swimsuits have a strong connection to anything that offends rising nations' cultural traditions. Thus, it is anticipated that throughout the forecast period, the social and cultural stigma associated with swimsuits and other personal clothing would hinder the growth of the worldwide swimwear swimsuit market.

SWIMWEAR SWIMSUIT MARKET REGIONAL INSIGHTS

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"Asia Pacific to Hold the Largest Global Swimwear Swimsuit Market Share"

Over the course of the projected period, the Asia Pacific region is anticipated to expand faster than all other areas. In terms of demand for swimwear swimsuits, fast-developing markets like China and India exhibit considerable promise. For instance, the enormous population of China, which is discovering a passion for water sports and views swimming as the finest form of physical activity, may assist to fuel a significant demand for swimwear items in China. As a result, the majority of domestic and international manufacturers are emphasizing useful designs for indoor swimming while also placing more emphasis on elements like performance, comfort, design, and style. The expansion of the swimwear swimsuit market in the Asia-Pacific region is also being fueled by rising spending on lifestyle items along with a rising demand for swimming as a leisure and recreational activity. Growing financial contributions from public and nonprofit institutions to the construction and upkeep of swimming pools are indirectly increasing the market price of swimsuits.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Platypus (Denmark)
• Lufthansa Garment (India)
• Aimer (U.S.)
• Zoke (China)
• Triumph (UK.)
• Dolfin Swimwear (U.S.)
• Perry Ellis (U.S.)
• American Apparel (U.S.)
• Sanqi International (China)
• Few (U.S.)
• Yingfa (U.S.)
• Bluechips Apparel (U.S.)
• La Perla Group (Italy)
• Arena (Italy)
• Parah S.P.A ()
• Speedo ()

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.