In accordance with a brand new market report revealed by Transparency Market Analysis titled “Swimwear Market – International Trade Evaluation, Measurement, Share, Development, Developments, and Forecast, 2018 – 2026” the world swimwear market is anticipated to succeed in a worth of US$ 33,075.three Mn by 2026. The market is estimated to broaden at a CAGR of 6.2% through the forecast interval from 2018 to 2026. By way of quantity, the market stood at round 731.three Million Items in 2017. Europe dominated the swimwear market when it comes to worth in 2017, buying roughly 31% of market share.
The swimwear market is influenced by market dynamics with the prime driving issue being rising well being consciousness. Swimming is taken into account wholesome and a low-impact sports activities exercise, which presents varied bodily and psychological advantages. It supplies a full physique exercise, because it makes use of all muscle groups of the physique. Thus, improve in well being consciousness globally by way of swimming is boosting the swimwear market.
Rising pattern of household holidays moreover seashores, resorts, and theme parks and many others. is anticipated to drive the swimwear market. Moreover, penetration of e-commerce websites globally is including to the expansion of the swimwear market. Broad product availability coupled with reasonably priced costs by way of e-commerce websites in comparison with the offline mode can also be serving to to proliferate the swimwear market.
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Based mostly on product sort, the non-athletic phase dominated the market in 2017 and was valued at US$ 13,068.four Mn with a CAGR of 6.three% as a result of its widespread utility throughout the globe. Based mostly on cloth sort, nylon acquired main market share as a result of its light-weight property and easy match. Nylon materials are extra snug as a result of their elasticity and are good for normal and daily use. In accordance with end-user, the ladies’s phase acquired main market share of roughly 70% in 2017. In accordance with distribution channel, on-line channel is anticipated to broaden at a quicker charge of roughly 6.eight% as a result of availability of extensive product portfolios at an affordable charge.
A few of the key gamers within the swimwear market embrace LVMH Moët Hennessy Louis Vuitton SE, Phillips-Van Heusen Company, L Manufacturers, Inc., Perry Ellis Worldwide. Inc., Pentland Group plc., Area Italia S.p.A., ASICS America Company, Swimwear Anyplace Inc., Wacoal Holdings Company, and Hosa Worldwide Restricted. Key gamers undertake quite a few methods to maintain available in the market. Product growth and acquisition and partnership are a few of the major methods adopted by key gamers to achieve a aggressive edge.