Swimwear Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Swimwear Market Analysis:

1. The Swimwear Market is projected to experience a growth in size from USD 12.87 billion in 2023 to USD 14.91 billion by 2028, with a Compound Annual Growth Rate (CAGR) of 2.98% during the forecast period (2023–2028). The market is driven by various factors such as changing fashion trends, design, trend, and comfort of the fabric. These factors play a significant role in influencing the consumer’s purchase decision. The market’s growth is further fueled by the popularity of value-added features, such as trendy prints and convenient cuts. The incorporation of neoprene fiber to develop fabrics that improve their elasticity and efficacy is also expected to contribute to the market’s growth.

2. The swimwear market is witnessing a surge in the number of retail outlets opening across the world, which is significantly boosting the sales of overall swimwear sales worldwide. Leading players in the swimwear market, such as Saltwater Collective and Minnow Bathers, are expanding their footprint across the country, strengthening their value share in regions like Canada. Other well-known swimwear outlets operating in the country include Londre, Knix, Decathlon, and others. The incorporation of neoprene fiber to develop fabrics that improve their elasticity and efficacy is also aiding the market’s growth.

3. Manufacturers and designers are focusing on the comfort level of swimwear, as it has a high impact on the consumer’s purchase decision. With the changing fashion trends, key factors such as design, trend, and comfort of the fabric play a major role in driving the market. The popularity of value-added features, such as trendy prints and convenient cuts, is further driving the market’s growth. Due to rising product innovations and advancing technologies, the swimwear market is expected to witness high sales in the coming years. The incorporation of neoprene fiber to develop fabrics that improve their elasticity and efficacy is one such innovation that is expected to contribute to the market’s growth.

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