Wetsuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Wetsuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A1576
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Market Overview:

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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

A wetsuit is a garment worn by swimmers, divers, canoeists and individuals who engage in water sports and activities. The suit is made using foamed neoprene bubbles that provide thermal insulation, abrasion resistance and buoyancy to the user. It assists in retaining the body heat and avoiding the condition of hypothermia under water. It also protects against cuts and bruises from rocky reefs and jellyfish stings. Wetsuits are available in a wide variety of thickness and styles such as hooded, sleeveless, convertible, etc. 

Increasing participation in water-based sports activities and development of inland surfing grounds are the key factors driving the growth of the market. Furthermore, the introduction of novel technologies in the creation of artificial waves and wave parks are further enhancing product demand. Manufacturers are extensively focusing on creating eco-friendly wetsuits using materials such as natural rubber and water-based glue as a substitute to neoprene. Additionally, green wetsuits are also being manufactured using recycled plastics, water bottles and fishing nets, which are gaining immense popularity amongst the consumers. Various product innovations such as the introduction of shark repellant wetsuits that consist of Shark Attack Mitigation System (SAMS) have significantly impacted the market growth. It camouflages the diver using disruptive coloration and portrays him/her as a potential threat to the carnivore. Moreover, the implementation of favorable policies to promote health management through surfing and diving activities along with rising disposable incomes, is expected to impact the market positively in the coming years. 

IMARC Group’s latest report provides a deep insight into the global wetsuit market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the wetsuit market in any manner.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global wetsuit market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, thickness, end-user, application and distribution channel.

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
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being O'Neill, Billabong, Rip Curl, Body Glove, Quiksilver, Helly Hansen, Boz Wetsuits, Arena Italia SPA, Hurley, Patagonia, Hyperflex Wetsuits, Speedo, GUL, Typhoon and Isurus, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
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)


Key Questions Answered in This Report:

  • How has the global wetsuit market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global wetsuit industry?
  • What has been the impact of COVID-19 on the global wetsuit industry?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the thickness?
  • What is the breakup of the market based on the end-user?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the global wetsuit industry?
  • What are the key driving factors and challenges in the global wetsuit industry?
  • What is the structure of the global wetsuit industry and who are the key players?
  • What is the degree of competition in the global wetsuit industry?

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Wetsuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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