The global swimwear market is poised to reach USD 6.51 billion by 2023, according to a new report by Technavio, progressing at a CAGR of over 6% during the forecast period.
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Technavio has announced its latest market research report titled global swimwear market 2019-2023 (Graphic: Business Wire)
"The growing number of residential constructions across the world have increased the number of swimming pools. Several swimming pool clubs are offering exclusive monthly and yearly packages with discounts to attract customers. Other factors such as the increasing participation in fitness activities such as swimming by the millennial, and geriatric population and the increasing number of participants in paralympics are driving the demand for swimwear," says a senior analyst at Technavio. Request Free Sample Pages
The market is driven by the rising number of swimming pools. In addition, increasing participation by old and physically disabled population is anticipated to further boost the growth of the global swimwear market during the forecast period.
The rise in the number of residential constructions and the increasing awareness among individuals about the benefits of swimming has increased the number of swimming pools. For instance, the number of swimming pools in countries such as Australia and the US has increased significantly over the past few years. The number of swimming pools is also increasing in other countries such as the UK, Germany, France, Canada, and China. Many commercial swimming pool clubs are offering discounted membership packages to attract more customers. These factors are increasing the number of participants and enthusiasts, which is driving the growth of the global swimwear market.
The increasing adoption of assisted-access lifts in swimming pools and the growing popularity of swimming in international sports events such as paralympics are encouraging the old and physically disabled population to take part in swimming activities. For instance, countries such as the US, China, Australia, New Zealand, Turkey, the Netherlands, Germany, among others are exhibiting significant growth in the number of participants in Paralympics. The increasing participation in swimming activities by physically disabled and the geriatric population is expected to boost the growth of the global swimwear market over the forecast period.
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The report includes detailed profiles of the leading companies prominent vendors of the market:
- Arena Italia Spa
- Chantelle Group
- Gildan Activewear Inc.
- LVMH Moët Hennessy Louis Vuitton
- Perry Ellis International Inc.
- PVH Corp.
- Seafolly Pty. Ltd.
- SUNSETS Inc.
- Swimwear Anywhere Inc.
- Wacoal Holdings Corp.
Market Segmentation by Product:
- Women's swimwear
- Men's swimwear
- Children's swimwear
Market Segmentation by Distribution Channel:
- Offline
- Online
Key Regions for the Swimwear Market:
- APAC
- Europe
- MEA
- North America
- South America
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Consumer Discretionary are:
Athletic Footwear Market- Global athletic footwear market by distribution channel (specialty stores, hypermarkets, supermarkets, and departmental stores, online retail, and others) and geography (APAC, Europe, MEA, North America, and South America).
Online Clothing Rental Market- Global online clothing rental market by end-users (women, men, and children) and geography (APAC, Europe, MEA, North America, and South America).
About Technavio
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