Bizizz Market Research has recently published a research report, “Swimwear Market By Fabric Type (Nylon, Spandex, Polyester and Others), End-user (Men, Women, Boys and Girls), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Swimwear Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 31.4 Bn by 2027, witnessing a CAGR of 5.8 % during the forecast period. Key drivers of the market are increasing adventure water sports and advanced technological swimwear products are propelling its market growth.
Globally individuals are being inspired in exploring the depths of the ocean and water bodies that is supporting the demand of swimwear products. There is an increasing number of customers who are participating in the water sports has encouraged the manufacturers to offer innovative swimwear products to its customers. Increased popularity of the swimwear among the customers is propelling the growth of swimwear products in the global market with advanced technological features that could enhance end-user experience.
The Swimwear market is anticipated to register a CAGR of over 5.8% during the forecast period.
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By Product, Polyester segment held a key share in Global Swimwear Market in 2018.
The advanced features associated with polyester encourages the manufacturers to use it for the swimwear manufacturing. As this fabric is a stretch resistant and has a shrinkage that is favorable watery conditions and pressure of the water bodies. It could also resist the chemicals that could be harmful to the end-users encouraging its application in the water sports.
By End-user, Women Segment of Global Swimwear Market Is Anticipated To Witness the Fastest CAGR during the Forecast Period
The women segment is the fastest growing segment in the swimwear products market that is increasing in its demand form the customers end. Women population is more inkling towards the water sports in the recent years. These offerings constitutes of variety of products that could be essential especially for the women when participating in the water sports thus swimwear products are propelling in its demand.
Asia Pacific is Anticipated to Dominate the Global Swimwear Market during the Forecast Period.
The Asia pacific region is leading in the swimwear market by the presence of the larger coastal area encouraging the individuals to participate in the water sports. Moreover, the region is increasing in its disposable income of the customers has stimulated the growth of swimwear products in the market.
Global Swimwear market was highly fragmented among the number of local and global players. This has created high competency among the companies. The organizations are offering innovative products to the customers as a strategic move in capturing market.
Prominent players operating in the Global Swimwear Market are: Adidas AG, Phillips-Van Heusen Corporation, Nike Inc., Haddow Group Plc., Perry Ellis International Inc., Dick’s Sporting Goods, Gap Inc., Boardriders, Inc., Swimwear Anywhere, Inc., and Arena Italia S.p.A., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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