Swimwear Market Size

Statistics for the 2023 & 2024 Swimwear market size, created by Mordor Intelligence™ Industry Reports. Swimwear size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Swimwear Industry

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Swimwear Market Summary
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Study Period 2019-2029
Market Size (2024) USD 13.25 Billion
Market Size (2029) USD 15.35 Billion
CAGR (2024 - 2029) 2.98 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Swimwear Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Swimwear Market Analysis

The Swimwear Market size is estimated at USD 13.25 billion in 2024, and is expected to reach USD 15.35 billion by 2029, growing at a CAGR of 2.98% during the forecast period (2024-2029).

  • With changing fashion trends, key factors such as design, trend, and fabric comfort play a significant role in driving the market. Manufacturers and designers focus on the comfort level of swimwear, as it dramatically impacts consumer purchase decisions. The popularity of value-added features, such as trendy prints and convenient cuts, further drives the market growth.
  • Due to rising product innovations and advancing technologies, such as incorporating neoprene fiber to develop fabrics that improve their elasticity and efficacy, the swimwear market is expected to witness high sales in the coming years. For instance, in March 2022, The brand Skims collaborated with Italian fashion house Fendi to release a unique collection in 2021, which featured a Fendi x Skims ready-to-wear collection, including swimsuits, form-fitting dresses, and tops, with prices starting at USD 950.
  • 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. Other well-known swimwear outlets in the country are Londre, Knix, Decathlon, and others. Incorporating neoprene fiber to develop fabrics that improve their elasticity and efficacy aids market growth.
  • According to a survey by CreditCards.com, in August 2021, 72% of millennials said social media impacts their buying decisions. Owing to these factors, social networks are expanding into every aspect of consumers' daily lives, including their shopping habits. In October 2021, Kim Kardashian West, the TV personality and founder of Skims, collaborated with Italian fashion house Fendi to release a unique collection. The upcoming SKIMs x Fendi ready-to-wear collection will feature swimsuits, form-fitting dresses, and tops.

Swimwear Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)