Wetsuit Market Report, Competitive Landscape and Business Opportunities 2022-2027
According to the latest report by IMARC Group, titled "Wetsuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on wetsuit market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global wetsuit market size reached US$ 1,215 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,700 Million by 2027, exhibiting a growth rate (CAGR) of 5.84% during 2022-2027.
A wetsuit is a close-fitting clothing usually made from rubber, covering the entire body, and worn for warmth in water sports or diving. It provides thermal protection while wet and is worn by surfers, divers, windsurfers, canoeists, and others. It protects from abrasion, ultraviolet exposure, and stings from aquatic organisms. Various wetsuit configurations are available in the market with varied amounts of body coverage, such as a sleeveless vest, hooded tunic, jacket, spring suit, trousers, short John, long John, and full suit.
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Market Trends:
The global market is majorly driven by the increasing popularity of water sports such as surfing, waterskiing, wakeboarding, windsurfing, kiteboarding, paddleboarding, swimming, scuba diving, kayaking, and triathlons. In line with this, the rising number of women participating in water sports is encouraging manufacturers to produce stylish yet comfortable wetsuits. Furthermore, the widespread availability of rental water sporting accessories in coastal areas is accelerating the demand for quality wetsuits, which is promoting the market players to offer premium products to enhance sales. With the stringent regulations imposed by regional governments to produce eco-friendly products, the key players are developing wetsuits made from green materials such as natural rubber and water-based glue, which is expected to create a positive outlook for the market. Besides, the development of inland surfing grounds and artificial wave generation methods are favoring the market. Additionally, the favorable government initiatives to encourage surfing and aligned sports activities amongst the population are providing a boost to the market.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- O'Neill
- Billabong
- Rip Curl
- Body Glove
- Quiksilver
- Helly Hansen
- Boz Wetsuits
- Arena Italia SPA
- Hurley
- Patagonia
- Hyperflex Wetsuits
- Speedo
- GUL
- Typhoon
- Isurus
Wetsuit Market Segmentation:
Our report has categorized the market based on region, product type, thickness, end-user and application.
Breakup by Product Type:
- Hooded Wetsuits
- Full Wetsuits
- Convertible Wetsuits
- Sleeveless Wetsuits
- Shortly/Spring Wetsuits
- Others
Breakup by Thickness:
- 1mm-2mm
- 2mm-3mm
- 3mm-4mm
- 4mm-5mm
- 5mm
Breakup by End-User:
- Male
- Female
- Kids
Breakup by Application:
- Surfing
- Scuba Diving
- Triathlon
- Others
Breakup by Distribution Channel:
- Sport Variety Stores
- Third Party Online Channels
- Direct to Customer Channels
- Franchised Stores
- Modern Trade Channels
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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