Global Wetsuit Market to Grow at 4.9% During 2024-2032, Spurred by Introduction of Green Wetsuit Variants

July 12, 2021 | Chemical & Materials

According to the latest report by IMARC Group, titled "Wetsuit Market Report by Product Type (Hooded Wetsuits, Full Wetsuits, Convertible Wetsuits, Sleeveless Wetsuits, Shortly/Spring Wetsuits, and Others), Thickness (1mm-2mm, 2mm-3mm, 3mm-4mm, 4mm-5mm, > 5mm), End User (Male, Female, Kids), Application (Surfing, Scuba Diving, Triathlon, and Others), Distribution Channel (Sport Variety Stores, Third Party Online Channels, Direct to Customer Channels, Franchised Stores, Modern Trade Channels), and Region 2024-2032," the global wetsuit market reached a value of US$ 1,365.2 Million in 2023. Wetsuits are garments that are typically worn by divers, swimmers, canoeists and individuals engaging in water sports and activities. They are generally made from foamed neoprene bubbles that offer buoyancy, thermal insulation and abrasion resistance to the wearers. They also provide insulation to the users by assisting them in retaining their body heat and ensuring that the wearers do not develop a severe condition named hypothermia that is characterized by extremely low body temperatures. Widely available in a vast array of styles and thicknesses, their use further aids in protecting the wearers against jellyfish stings and cuts and bruises from rocky reefs.

Global Wetsuit Market Trends:

The global market is majorly driven by the increasing participation in water-based sports activities. The rapid development of inland surfing grounds is also providing an impetus to the uptake of wetsuits across the globe. Moreover, an enhanced focus on sustainable development has impelled numerous key players to introduce wetsuits made from eco-friendly materials, including natural rubber and water-based glue. They also involve the use of recycled plastics, water bottles and fishing nets, which are gaining widespread prominence among the end users. The market is further driven by the continual integration of advanced technologies for manufacturing wetsuits. For instance, Shark Attack Mitigation Systems (SAMS) are increasingly being equipped with these garments that aid the wearers in camouflaging using disruptive coloration. Some of the other factors contributing to the market growth include the inflating disposable income levels of the masses and considerable growth in the global tourism industry. On account of the aforementioned factors, the market is expected to grow at a CAGR of 4.9% during 2024-2032.

Market Summary:

  • On the basis of the product type, the market has been divided into hooded wetsuits, full wetsuits, convertible wetsuits, sleeveless wetsuits, shortly/spring wetsuits, and others.
  • Based on the thickness, the market has been classified into 1mm-2mm, 2mm-3mm, 3mm-4mm, 4mm-5mm, and > 5mm.
  • On the basis of the end-user, the market has been segmented into male, female and kids.
  • Based on the application, the market has been categorized into surfing, scuba diving, triathlon, and others.
  • On the basis of the distribution channel, the market has been divided into sport variety stores, third party online channels, direct to customer channels, franchised stores, and modern trade channels.
  • On the geographical front, the market has been segregated into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has been analyzed in the report with the detailed profiles of the key players. Some of these players include O'Neill, Billabong, Rip Curl, Body Glove, Quiksilver, Helly Hansen, Boz Wetsuits, Arena Italia SPA, Hurley, Patagonia, Hyperflex Wetsuits, Speedo, GUL, Typhoon, and Isurus.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Product Type, Thickness, End-User, Application, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered O'Neill, Billabong, Rip Curl, Body Glove, Quiksilver, Helly Hansen, Boz Wetsuits, Arena Italia SPA, Hurley, Patagonia, Hyperflex Wetsuits, Speedo, GUL, Typhoon and Isurus
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Wetsuit Market to Grow at 4.9% During 2024-2032, Spurred by Introduction of Green Wetsuit Variants
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