Swimwear is an essential part of the summer wardrobe, and the industry is booming. With the rise of the athleisure trend, the swimwear industry is growing rapidly and is expected to reach a value of over $20 billion by 2023.
In this article, we’ll take a look at some of the most interesting swimwear industry statistics and trends. We’ll explore the size of the industry, the most popular styles, and the top brands. We’ll also look at the impact of the athleisure trend and the growth of online sales. So, let’s dive in and explore the world of swimwear.
Swimwear Industry: Most Important Statistics
The US swimwear market is projected to grow at a CAGR of 4.4% between 2020-2025, driven by increasing popularity of water sports and growing interest in fitness and wellness.
The global men’s swimwear market is expected to grow at a CAGR of 4.1% from 2020-2025, driven by a rise in water-based sports activities, increasing awareness of health and fitness, and the growth of the tourism industry.
Swimwear Industry: Statistics Overview
The global swimwear market was valued at USD 18.9 billion in 2020 and is expected to grow at a CAGR of 6.4% from 2021 to 2028.
This growth is driven by the increasing popularity of water sports and fitness activities, as well as the shift towards sustainable and eco-friendly swimwear products. The COVID-19 pandemic has also impacted the market, with changes in consumer behavior and the shift towards e-commerce.
This information is important for the swimwear industry as it provides insight into the current market size and potential growth opportunities. It also highlights the need for manufacturers to invest in sustainable and eco-friendly products to meet the rising demand for environmentally conscious products.
Additionally, it provides insight into how the COVID-19 pandemic has impacted the market and the need to adapt to changing consumer behavior.
The US swimwear market is projected to grow at a CAGR of 4.4% between 2020-2025, driven by increasing popularity of water sports and growing interest in fitness and wellness.
This growth is important for the swimwear industry as it provides insight into the market size, market share, and key players, allowing businesses to make informed decisions about their strategies and investments.
The women’s swimwear market is expected to reach a significant value by 2025 and grow at a considerable rate due to the growing health and fitness trend, increasing participation in water sports, rising demand for luxury swimwear, e-commerce channel, rise in disposable income, changing lifestyles, and the influence of social media.
This provides insights on the current trends, challenges, and major players in the women’s swimwear market, which can help businesses understand the current market and plan their strategies accordingly.
The global children’s swimwear market is expected to grow at a CAGR of 5.8% during the forecast period 2021-2026, driven by increasing water sports and activities, a growing number of swimming pools, and rising participation in swimming lessons.
This statistic is important for the swimwear industry as it indicates a potential growth in the market, which can provide opportunities for businesses to capitalize on. It also highlights the key drivers of growth and the regions that are likely to be the most lucrative markets for swimwear companies.
The global men’s swimwear market is expected to grow at a CAGR of 4.1% from 2020-2025, driven by a rise in water-based sports activities, increasing awareness of health and fitness, and the growth of the tourism industry.
This growth is important to the swimwear industry as it provides insight into the potential opportunities and market segments that can be tapped into for further growth.
Conclusion
The swimwear industry is an ever-growing market that has seen a steady increase in sales over the past few years. With the rise of e-commerce, the industry has seen a surge in online sales, making it easier for customers to find the perfect swimwear for their needs.
With the right marketing strategies, the industry can continue to grow and reach new heights. The key to success in this industry is to stay up-to-date with the latest trends and to understand the customer’s needs. By doing so, companies can continue to stay competitive and capitalize on the opportunities that the swimwear industry offers.
References
1 – https://www.grandviewresearch.com/industry-analysis/swimwear-market
2 – https://www.researchandmarkets.com/report/5245453/united-states-swimwear-market-growth-trends?utm_source=GNOM&utm_medium=PressRelease&utm_code=gt4cvp&utm_campaign=1566114+-+United+States+Swimwear+Market+Report+2021-2025+-+Key+Players+are+Speedo+USA%2C+TYR+Sport%2C+Inc.%2C+Arena+North+America+LLC%2C+and+Funkita%2C+among+others&utm_exec=chdo54prd
3 – https://www.mordorintelligence.com/industry-reports/women-swimwear-market
4 – https://www.researchandmarkets.com/reports/5245357/childrens-swimwear-market-growth-trends-and?utm_source=GNOM&utm_medium=PressRelease&utm_code=4t8pmv&utm_campaign=1562474+-+Global+Childrens+Swimwear+Market+Report+2021-2025+-+Key+Players+are+Speedo+USA%2C+TYR+Sport%2C+Inc.%2C+Arena+North+America+LLC%2C+and+Funkita%2C+among+others&utm_exec=chdo54prd
5 – https://www.researchandmarkets.com/reports/5245605/mens-swimwear-market-growth-trends-and-forecasts-2020-2025
