Swimwear Market Expected to Reach Over $33,075 Million Expanding at Rate of 6.2% by 2026 According to TMR

According to a new market report published by Transparency Market Research titled "Swimwear Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026" the global swimwear market is expected to reach a value of US$ 33,075.3 Mn by 2026. The market is estimated to expand at a CAGR of 6.2% during the forecast period from 2018 to 2026. In terms of volume, the market stood at around 731.3 Million Units in 2017. Europe dominated the swimwear market in terms of value in 2017, acquiring approximately 31% of market share.

The swimwear market is influenced by market dynamics with the prime driving factor being increasing health awareness. Swimming is considered healthy and a low-impact sports activity, which offers various physical and mental benefits. It provides a full body workout, as it uses all muscles of the body. Thus, increase in health awareness globally through swimming is boosting the swimwear market. Increasing trend of family vacations besides beaches, resorts, and theme parks etc. is anticipated to drive the swimwear market. Furthermore, penetration of e-commerce sites globally is adding to the growth of the swimwear market. Wide product availability coupled with affordable prices through e-commerce sites compared to the offline mode is also helping to proliferate the swimwear market.

Based on product type, the non-athletic segment dominated the market in 2017 and was valued at US$ 13,068.4 Mn with a CAGR of 6.3% due to its widespread application across the globe. Based on fabric type, nylon acquired major market share due to its lightweight property and smooth fit. Nylon fabrics are more comfortable due to their elasticity and are good for regular and day to day use. According to end-user, the women's segment acquired major market share of approximately 70% in 2017. According to distribution channel, online channel is anticipated to expand at a faster rate of approximately 6.8% due to availability of wide product portfolios at a reasonable rate.

Some of the key players in the swimwear market include LVMH Moët Hennessy Louis Vuitton SE, Phillips-Van Heusen Corporation, L Brands, Inc., Perry Ellis International. Inc., Pentland Group plc., Arena Italia S.p.A., ASICS America Corporation, Swimwear Anywhere Inc., Wacoal Holdings Corporation, and Hosa International Limited. Key players adopt numerous strategies to sustain in the market. Product development and acquisition and partnership are some of the main strategies adopted by key players to gain a competitive edge.

For the study, the Global Swimwear Market has been segmented as follows:

Global Swimwear Market, By Product Type 

• Athletic

• Non-Athletic

Global Swimwear Market, By Fabric Type 

• Nylon

• Polyester

• Other Synthetics (Neoprene, Cotton, Polybutylene Terephthalate etc.)

Global Swimwear Market, By End-user 

• Men

• Women

• Kids

Global Swimwear Market, By Distribution Channel 

• Online

• Offline

• Supermarkets & Hypermarkets

• Specialized Stores

• Single Brand Stores

• Multi Brand Stores

Global Swimwear Market, By Region 

• North America

  • U.S.

  • Canada

  • Rest of North America

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Rest of Europe

• Asia Pacific

  • China

  • Japan

  • India

  • Australia

  • Rest of Asia Pacific

• Middle East & Africa (MEA)

• South America

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.