The Swimwear Market is being driven by Increasing demand for long-sleeve swimsuits
The Swimwear Market is expected to grow at a CAGR of 10.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 15834.6 million. The e-retailing sector, which includes online shopping through smart devices, is experiencing exponential growth within the global retail industry. This trend is driven by the convenience and cost-effectiveness it offers consumers, as well as the widespread availability of Internet services and improved economic conditions. Furthermore, the emergence of omnichannel retailing, which integrates various customer touchpoints such as physical stores, websites, mobile apps, and social media platforms, has become a strategic approach for businesses like Speedo to effectively engage consumers both online and offline. This seamless shopping experience has been made possible through advancements in purchase and delivery options offered by e-commerce platforms.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
218 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.9% |
Market growth 2025-2029 |
USD 15834.6 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
9.6 |
Key countries |
US, Germany, Canada, UK, China, Italy, France, Spain, Japan, and Australia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Swimwear Market is witnessing a shift towards eco-friendly materials such as recycled plastics and organic cotton, as consumers prioritize sustainability. Swimsuit brands are innovating with versatile, fitness-focused pieces made from eco-conscious fabrics. The tourism sector, with its tourists, is driving demand for specialized swimwear that adheres to dress code policies. Neoprene fiber and synthetic fibers, while durable, face scrutiny due to concerns over dyes and chemicals. Trends favor fabric comfort, with fitness, wellness, and water sports influencing design. Brand-conscious consumers share their preferences on social media, shaping the market. Swimwear is no longer just leisurewear; it's a lifestyle good for fitness enthusiasts and those enjoying water sports. Even Sports Illustrated is embracing this eco-conscious trend.
The global apparel, accessories, and luxury goods market encompasses businesses involved in the production and distribution of textiles, apparel, accessories, and luxury goods. This market includes swimsuit brands utilizing eco-conscious materials such as recycled plastics and organic cotton to create versatile, fitness-focused swimsuit pieces. The industry's expansion is driven by the growing working women population, leading to increased disposable income and consumer spending on apparel, accessories, and luxury goods. This trend is particularly prominent in the swimwear sector, as consumers prioritize wellness and sustainable practices. The market's size is determined by the consolidated revenues of textiles, apparel, footwear, accessories, and luxury goods manufacturers and marketers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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