Swimwear Market was worth $21.34 billion in 2021, and total revenue is predicted to increase at a CAGR of 6.25% from 2022 to 2027, reaching almost $32.62 billion.
Swimwear clothing designed to be worn by people engaging in a water-based activity or water sports, such as swimming or sun-orientated activities, such as sunbathing ; these are the main factors that have considerably increased the demand for the Swimwear in the market, thereby driving the huge growth of the Swimwear market in the upcoming years
Market Drivers and Restrains:
The main factors that have considerably increased the demand for the Swimwear in the market is mainly due to the increasing international sports events are encouraging the involvement of consumers in sports and recreational activities. The increase in the number of people participating in fitness and water sports have created an opportunity for the players to introduce elegant and comfortable swimwear suitable for swimming daily water sports activity. Owing to the benefits associated with swimming a number of people are inclined to opt for swimming as a fitness regime these are the main factors that have considerably increased the demand for the Swimwear in the market, thereby driving the huge growth of the Swimwear market in the upcoming years
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Report is segmented as:
Swimwear Market is segmented on the basis of by:
By Fabric (Polyester, Nylon, and Spandex);
By End-User (Men, Women and Kids);
By Distribution Channel (Online and Offline)
Geographical Segmentation:
Swimwear Market is segmented into
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
North America has the dominant share in the Swimwear is due to the increasing expenditure on lifestyle goods, coupled with an increasing preference for swimming as a leisure and recreational activity, is driving the growth of the swimwear market these are the main factors that have considerably increased the demand for the Swimwear in the North America , followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Swimwear Market
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Impact of COVID-19 on Market
Covid-19 pandemic has impacted the growth of the Swimwear market, The COVID-19 has started in the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected Swimwear market. Covid-19 pandemic has impacted huge on the sales revenue Swimwear market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Swimwear market growth
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