The global swimming gear market is anticipated to grow at a CAGR of 5.2% during the forecast period (2022-2028). The major factor expected to drive the market growth is the rising awareness about the benefits of physical activities, such as swimming, to maintain a healthy lifestyle. In addition, the rising demand for fashionable sports apparel, rising number of luxury swimming clubs and spas, especially in developed countries, and a rapidly expanding travel and tourism market in countries including China, Australia, and India, as a result of government campaigns aimed at new tourist destination development are some factors that propel the growth of the global swimming gears market during the forecast period.
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Furthermore, the rise in product innovations and emerging technologies, such as the incorporation of neoprene fiber to develop fabrics that improve their elasticity and efficacy, the increasing international sports events are encouraging the involvement of consumers in sports and recreational activities, and the rise in the number of sports enthusiasts of various age groups are further boosting the growth of the global swimming gears market during the forecast period.
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Some major players in the market include Adidas AG, Pentland Group plc, and Puma SE, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in 2021, Adidas AG announced the launch of a full-cover swimwear collection. The company also added that it is performed to ensure that everyone can enjoy this sport and have access to performance wear for the water.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Fabric
- By End-User
- By Sales Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Adidas AG, Pentland Group plc, and Puma SE, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Swimming Gears Market Report by Segment
By Type
- Swimwear
- Swim Caps
- Swim Goggles
- Others
By Fabric
- Nylon
- Polyester
- Spandex
- Others
By End-User
- Men
- Children
- Women
By Sales Channel
- Hypermarkets and Supermarkets
- Specialty and Sports Stores
- Online Stores
- Others
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