Global Swimwear Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Swimwear Market 2021 (Includes Business Impact of COVID-19)
Global Swimwear Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights, which offers in-depth insights, revenue details, and other vital information regarding the global swimwear market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global swimwear market report has been segmented on the basis of fabric type, distribution channel, end-user, and region.
Request Covid - 19 Impact
The global Swimwear market size was valued at USD$ 14.69 billion in 2020 and is projected to reach $ 26.61 billion by 2030, and is anticipated to expand at a CAGR of 4.83% over the forecast period from 2020 to 2030.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global swimwear market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.


Overview:


A swimwear is a type of clothing or costume worn by people while swimming or during any water sport activities. The swimwear is also known as, swimsuit, bathing suit, swimming costume, and swimming togs.


Dynamics:


Growing demand for customized swimwear among individuals across the globe is a key factor expected to drive growth of the global swimwear market over the forecast period. In addition, increasing preference for luxury swimwears among young population across the globe owing to increasing disposable income is another factor expected to support growth of the global swimwear market during the forecast period.

In addition, growing demand for swimwear as a costume for various physical and sport activities such as swimming, water skiing, water sports, surfing, and sunbathing among individuals is expected to boost growth of the global market in the next 10 years.

Increasing awareness regarding health benefits of swimming such as reduce stress, healthy heart, strengthen muscle, healthy lungs, build endurance, and maintains healthy weight by cardiovascular fitness among individuals across the globe is among some factor expected to proliferate growth of the target market.

Furthermore, increasing product innovation trend by manufactures and designers in the clothing industry which in turn is expected to fuel growth of the target market during the forecast period.

However, availability of high cost associated with luxury swimwears and low penetration in various emerging countries are some factors expected to restraint growth of the global swimwear market to a certain extent.


Segment Analysis:


On the basis of fabric type, the neoprene segment is expected to dominate in the global swimwear market, owing to various features offered by neoprene fabric such as enhanced flexibility, high thermal insulation, adequate surface friction, and lightweight.

On the basis of distribution channel, the others segment is expected to dominate the global market, owing to increased sales and growing demand for bulk designer and modern swimsuit, especially multifunctional one-piece and cover-ups.

On the basis of end-user, the women segment is expected to dominate in the global market, owing to high adoption of changing fashion trends and growing demand for luxury swimwear by women across the globe.


Regional Analysis:


Market in Asia Pacific is expected to dominate the global market in terms of revenue, owing to high demand for luxury swimwears among women population due to increasing disposable income and high penetration of E-commerce platforms in emerging countries such as China, Japan, and India in the region.

Market in North America is expected to register significant growth in the global market followed by market in Europe, owing to increasing end-user preferences for swimwear during fitness activity, high presence of prominent players of designer swimwear, and availability of customized design, texture, and other fashion attributes in countries such as Germany, US, Canada and France in the region.

Market in Latin America, and Middle East & Africa expected to witness lucrative growth in terms of revenue, owing to increasing production of Halal swimwear by clothing industries in countries in the region.


Below are the active patents related to Swimwear Market.


Patent Number: US20130059498A1

Convertible swimwear

Abstract

Convertible swimwear comprising a top piece and extendable bottom piece. The bottom piece having an intermediate portion with an upper edge that can be positioned adjacent to a lower edge of top piece and held in position by an elastic strap. The upper edge of the intermediate section includes an elastic strap to maintain the upper edge in position to form a one piece bathing suit. The top piece may further include a cover flap to conceal the edge of the intermediate section for a seamless appearance. The upper edge of the intermediate section can be rolled, folded or scrunched toward the bottom piece to effectively convert the one piece style bathing suit to a two piece style bathing suit.

Application File Date: 2012-11-05

Application Granted Date: 2015-12-29

Inventor: Stephanie Hersh

Patent Number: US9572378B2

Swimwear design and construction

Abstract

A wetsuit (101) is provided which comprises (a) a first central region (125, 127) comprising a first material and having a first thickness; and (b) a second lateral region comprising a second material and having a second thickness. The buoyancy per unit area of the first region is greater than the buoyancy per unit area of the second region.

Application File Date: 2012-11-28

Application Granted Date: 2017-02-21

Current Assignee: Roka Sports Inc

Patent Number: US8051496B2

Convertible swimwear

Abstract

Convertible swimwear comprising a top piece and extendable bottom piece; the top piece having a plurality of fasteners along the lower portion thereof and the extendable bottom piece having a plurality of corresponding fasteners along the upper edge thereof to be releasably secured to the fasteners on the lower portion of the top piece. The position of the fasteners may be reversed. The bottom piece further includes a string component secured on the upper edge of the bottom piece, where upon releasing of the respective fasteners the string component is pulled away from the lower edge of the bottom piece bringing the upper edge of the bottom piece substantially close to said lower edge of the bottom piece and thereby rolling, folding or scrunching the upper edge of the bottom piece to effectively convert a one piece to two piece style bathing suit. The top piece further includes a cover flap to conceal the fasteners on each respective piece.

Application File Date: 2008-09-09

Application Granted Date: 2011-11-08

Inventor: Stephanie Hersh

Global Swimwear Market Segmentation:

Segmentation by Fabric Type:

  
Nylon
  
Spandex
  
Polyester
  
Neoprene
  
Others (Cotton, Tan-Through Fabrics, Polyester PBT, and Lycra)

Segmentation by Distribution Channel:

  
Online
  
Direct Sales
  
Store-Based Retailing
  
Non-Store-Based Retailing
  
Others (Retailers, General Merchandisers, Supermarket, and Designer Shops)

Segmentation by End-User:

  
Men
  
Women
  
Children


Key Market Players included in the report:


  
Adidas AG
  
Arena Italia S.p.A.
  
Boardriders Inc.
  
Diana Sport
  
Dicks Sporting Goods
  
Dolfin Swimwear
  
Gap Inc.
  
Haddow Group Plc
  
Nike Inc.
  
Pentland Group PLC
  
Perry Ellis International Inc.
  
Phillips-Van Heusen Corporation (PVH Corp.)
  
Puma SE
  
Swimwear Anywhere Inc.
  
Under Armour Inc.
  
Zoke.


Below are the key development related to Swimwear Market in 2020 and 2021.


April 2020: PVH Corp. Completes Sale of Speedo North America Business to Pentland Group. PVH Corp. [NYSE:PVH], one of the world’s largest apparel companies, announced it has completed the sale of its Speedo North America business to Pentland Group, parent company of the Speedo brand, for $170 million in cash, subject to a working capital adjustment. The proceeds from the transaction will further bolster PVH’s core balance sheet strength and add to its liquidity position that stands now at over $1.3 billion in cash and available borrowings. Source