Swimwear Market Size
|Study Period:||2018 - 2028|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
*Disclaimer: Major Players sorted in no particular order
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Swimwear Market Analysis
The swimwear market is projected to register a CAGR of 2.98% over the next five years.
With the changing fashion trends, key factors such as design, trend, and comfort of the fabric play a major role in driving the market. Manufacturers and designers focus on the comfort level of swimwear, as it has a high impact on the consumer's purchase decision. The popularity of value-added features, such as trendy prints and convenient cuts, is further driving the market's growth. Due to rising product innovations and advancing technologies, such as the incorporation of neoprene fiber to develop fabrics that improve their elasticity and efficacy, the swimwear market is expected to witness high sales in the coming years.
The rising number of swimwear retail outlets opening across the world significantly boosts the sales of overall swimwear sales worldwide. Saltwater Collective and Minnow Bathers are leading players in the swimwear market in regions like Canada, and they continue to strengthen their value share by expanding their footprint across the country. Some of the other well-known swimwear outlets operating in the country are Londre, Knix, Decathlon, and others. The incorporation of neoprene fiber to develop fabrics that improve their elasticity and efficacy aids the market's growth.
Swimwear Industry Segmentation
A swimwear/swimsuit is clothing designed to be worn by people engaging in a water-based activity or water sports, such as swimming, or sun-orientated activities, such as sunbathing. The swimwear market is segmented by type, distribution channel, and geography. By product type, the market is segmented into women's swimwear, men's swimwear, goggles, and swim caps. By distribution channel, the market is segmented into online stores and offline stores. The study also provides an analysis of the swimwear market in emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, the market sizing and forecast have been done on the basis of value (in USD million).
|Goggles and Swim Caps|
Swimwear Market Trends
This section covers the major market trends shaping the Swimwear Market according to our research experts:
Growing Consumer Inclination Toward Water Activities
The importance of sports activities, especially for health reasons, and the increasing number of international sports events are encouraging the involvement of people in sports and recreational activities. The increase in the number of people participating in fitness and water sports has created an opportunity for the players to introduce elegant and comfortable swimwear suitable for swimming and other water sports activities. Due to the benefits associated with swimming, a number of people are inclined to opt for this activity as a fitness regime. An increasing number of campaigns in various countries to improve participation in swimming has also played a key role in driving the demand for swimwear in the last few years. These campaigns encourage more consumers to participate in swimming and strengthen links between the community and sports organizations.
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Asia-Pacific Holds a Prominent Share
The Asia-Pacific region is expected to experience a higher growth rate than the other regions during the forecast period. Fast-developing economies, like India and China, show great potential in terms of demand for swimwear. For instance, the Chinese swimwear market is driven by the country’s huge population that is finding a passion for water sports, as they consider swimming as the best form of physical exercise, which may help in driving strong demand for swimwear products in China. Therefore, most local and foreign manufacturers are focusing on practical designs for indoor swimming and, at the same time, giving greater attention to factors like performance, comfort, design, and style. Increasing expenditure on lifestyle goods, coupled with an increasing preference for swimming as a leisure and recreational activity, is also driving the growth of the swimwear market in Asia-Pacific. Growing investments by government and non-profit organizations toward the development and maintenance of swimming pools are indirectly raising the market value of swimwear.
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Swimwear Industry Overview
The swimwear market is highly competitive. The key companies operating in the swimwear market are differentiating in the market by product launches in terms of the material used, price, range, and size, in order to gain a competitive advantage. Pentland Group PLC (Speedo International Limited) is one of the most active companies in the market, with numerous partnerships, product innovations, and expansions. With the increasing number of brand-conscious consumers across the world, major players are adopting strategies to draw the attention of consumers by introducing sustainable swimwear that is made using recycled material. Some of the other major companies in the swimwear market included Pentland Group PLC, Swimwear Anywhere Inc., Adidas AG, Puma SE, and LVMH Moët Hennessy Louis Vuitton.
Swimwear Market Leaders
Pentland Group PLC
Swimwear Anywhere Inc.
LVMH Moët Hennessy Louis Vuitton
*Disclaimer: Major Players sorted in no particular order
Swimwear Market News
- JUN 2022: H&M of Sweden launched a fresh line of swimwear, including brightly colored one-pieces and bikini tops and bottoms. Purple, vivid green, dark chocolate brown, and white were among the prints, which also included a multicolored artistic design. Several of the items also feature adjustable ties.
- MAR 2022: The brand Skims collaborated with Italian fashion house Fendi to release a unique collection in 2021, which featured Fendi x Skims ready-to-wear collection, including swimsuits, form-fitting dresses, and tops, with prices starting at USD 950.
- OCT 2021: Chanel Group launched its ’90s-fuelled spring/summer 2022 collection at Paris Fashion Week, which included swimwear, high hemlines, and navel-baring ensembles.
Swimwear Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Women's Swimwear
5.1.2 Men's Swimwear
5.1.3 Goggles and Swim Caps
5.2 Distribution Channel
5.2.1 Online Stores
5.2.2 Offline Stores
5.3.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.3.4 South America
184.108.40.206 Rest of South America
5.3.5 Middle-East and Africa
220.127.116.11 South Africa
18.104.22.168 United Arab Emirates
22.214.171.124 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Pentland Group PLC
6.3.2 Jockey International Inc
6.3.3 LVMH Moet Hennessy Louis Vuitton
6.3.4 Nike Inc.
6.3.5 Perry Ellis International Inc.
6.3.6 Chanel Group
6.3.8 Puma SE
6.3.10 Adidas AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Swimwear Market Research FAQs
What is the study period of this market?
The Swimwear Market is studied from 2018 - 2028.
What is the growth rate of Swimwear Market?
The Swimwear Market is growing at a CAGR of 2.98% over the next 5 years.
Which region has highest growth rate in Swimwear Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Swimwear Market?
North America holds highest share in 2021.
Who are the key players in Swimwear Market?
Pentland Group PLC, Swimwear Anywhere Inc., Adidas AG, Puma SE, LVMH Moët Hennessy Louis Vuitton are the major companies operating in Swimwear Market.
Swimwear Industry Report
Statistics for the 2023 Swimwear market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Swimwear analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.