The global swimwear and beachwear market is expected to be valued at US$22.1 billion in 2022 and is expected to grow with a significant CAGR of 5.3% over the period 2022-2028. Some of the crucial factors driving the expansion of the market include improving performance in textile industry, growing interest in body care, increasing health awareness, rising popularity of water sports that drive creation sports, rising global population growth rates and product innovation. The market is nevertheless constrained by the high cost of the products. Moreover, the market has plenty of room for growth due to the rapid expansion of promising economies.
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The casual wear segment accounted for a higher revenue share:
Based on application, the global swimwear and beachwear market is segmented into casual wear, beachwear, swimsuits, wetsuits, racing suits, and others. The Casual Clothing segment market is anticipated to acquire significant CAGR and will dominate during the forecast period. Beach Wear held a considerable market share during the estimated period.
North America leads the global swimwear and beachwear market:
PBI’s Global Swimwear and Beachwear Market report analyzes the market across different regions such as North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. According to the regional analysis, North America accounted for a large share of revenue in 2021 and the same trend is expected to follow over the period 2022-2028. The comfort, material features and opulent beadwork of this area have helped the market expand. The region’s market is growing mainly thanks to the United States. Due to the widespread acceptance of swimwear in Western European countries, Europe held a substantial market share during the forecast period.
Strategic acquisitions, mergers, agreements, collaborations, and partnerships are the major strategies adopted by market players:
The global swimwear and beachwear market further reveals that the growing adoption by the key player of strategies such as strategic acquisitions, mergers, agreements, collaborations and partnerships are the major strategies adopted by the market players.
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The global swimwear and beachwear market is segmented on the basis of user type and region.
Per end user
• Men’s clothes
• Women’s clothing
• Kids clothing
• Casual clothing
• Wet suits
• Racing suits
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Profiles of key players in the report are Arena Italia SpA, Diana Sport, Jantzen Apparel LLC, NoZONE Clothing Limited, O`Neill Inc., Panos Emporio, PARAH SpA, Perry Ellis International Inc., PVH Corp., Quiksilver Inc. and Seafolly.
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