The wetsuit market is growing rapidly, driven by increasing water sports activities. With features like insulation and flexibility, wetsuits provide comfort and protection, making them popular among water sports enthusiasts.

NEWARK, Del, June 07, 2023 (GLOBE NEWSWIRE) -- In 2022, it was estimated that the worldwide wetsuit market would be worth close to US$1.72 billion. Advances in surfing, coordinated product design & production, and the general population's growing affluence levels in some areas are projected to boost industrial development. By 2033, it is expected to have generated US$ 3.55 billion, with a CAGR of 6.6% from 2023 to 2033.

The general population's increasing financial levels in some regions, advancements in surfing, and coordinated product design & manufacture are likely to fuel industry expansion. The importance of leading healthy lifestyles and ongoing efforts to combine work and play have increased demand for outdoor sporting activities. It is predicted that an increase in South East Asians participating in water sports and various technological advancements would fuel business expansion.

Find an overview of this market in this Sample report available in PDF format @ https://www.futuremarketinsights.com/reports/sample/rep-gb-14119

Triathlons are now perceived by the general public as an endurance sport rather than as an extreme competition for an eccentric, small minority, which has increased demand for wetsuit clothing throughout the world. On the basis of the rise in average disposable income of a rising and huge population, it is anticipated that by 2033, the demand would be amplified by the substantial potential for growth throughout unexplored regions, such as China as well as the Middle East.

Key Takeaways from the Market Study

• From 2018 to 2022, the wetsuit market grew at a 3.8% CAGR.
• In 2022, it is anticipated that the full sleeves market would have a commanding share of 71.4%.
• In 2022, the surfing market category is anticipated to hold 38.1% of the overall market share.
• In 2022, it is anticipated that sales of men's wetsuits would hold a commanding 51.5% of the worldwide wetsuit market.
• Sales of these wetsuits as water sporting accessory stores are anticipated to increase at a CAGR of 5.3% over the course of the forecast year.
• In 2022, it is anticipated that the United States would hold a market share of more than 83.3% for wetsuits in North America.
• India is estimated to represent more than 28.2% of the South Asia wetsuit market in 2022.
  

“A beneficial impact on industry growth is projected from growing interest in various water sports, the expansion of inland surfing regions, as well as artificial wave production technology,” remarks an FMI analyst.

Competitive Landscape

Leading companies in the worldwide wetsuit market are putting a lot of effort into research and development in order to introduce cutting-edge goods and services. Major firms want to strategically work with local distributors and end consumers to increase their market share. Prominent players in the wetsuit market are:

• O’Neil Inc.
• Quicksilver Inc.
• Billabong International Limited
• Aqualung
• Gullewa Limited
• Shieco Group Co. Ltd.
• Xcel
• Patagonia, Inc.
• Vissla
• Rip Curl
• Sisstrevolution
• Speedo
• BARE Sports
• Decathlon S.A.

Talk to our analyst and get the complete information of this report @ https://www.futuremarketinsights.com/ask-question/rep-gb-14119

Some key developments of the leading companies in this market are:

• Billabong's new Furnace Natural wetsuit is one they produce that is sustainable and may be among the most eco-friendly suit on the globe. The Natural has undoubtedly established a new standard for wetsuit ethics since it is made of CICLO® fibers (which prevent plastic microfibre contamination and accumulation in dumps), new and enhanced YULEX natural rubbers (derived from FSC-certified ranches), and 100% recycled fibers.
• Aqualung will hasten Carbon Capture, Utilization and Sequestration (CCUS) projects by offering affordable solutions for a variety of industrial emitters as well as fuel sources across the board, from natural gas to cement manufacturing. Aqualung uses a tolling concept to try to add value while reducing financial risk for its clients. The proprietary membrane technology has undergone 20 years of devoted study and testing and is now prepared for commercialization and implementation.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global wetsuit market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the wetsuit market, the market is segmented on the basis of product type (full sleeves and short sleeves), application (surfing, underwater diving, sailing river, rafting, and others), consumer orientation (men, women and unisex), price range (under US$ 100, US$ 100- US$ 200, and US$ 200 & above) and sales channel (wholesalers/distributors, supermarkets/hypermarkets, speciality stores, water sporting accessories stores, online retailers, and others) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Profiled in the Global Wetsuit Market

By Product Type:

• Full Sleeves
• Short Sleeves

By Application:

• Surfing
• Underwater Diving
• Sailing
• River Rafting
• Others
  
  

By Consumer Orientation:

• Men
• Women
• Unisex
  

By Price Range:

• Under US$ 100
• US$ 100- US$ 200
• US$ 200 & Above
  

By Sales Channel:

• Wholesalers/ Distributors
• Supermarkets/ Hypermarkets
• Specialty Stores
• Water Sporting Accessories Stores
• Online Retailers
• Others

By Region:

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

Grow your profit margins - buy this report at a discounted price now @ https://www.futuremarketinsights.com/checkout/14119

Table of Content (ToC):

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Product Life Cycle Analysis

    3.5. Supply Chain Analysis

        3.5.1. Supply Side Participants and Their Roles

            3.5.1.1. Producers

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

            3.5.1.3. Wholesalers and Distributors

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyers

    3.6. Investment Feasibility Matrix

    3.7. Value Chain Analysis

        3.7.1. Profit Margin Analysis

        3.7.2. Wholesalers and Distributors

        3.7.3. Retailers

    3.8. PESTLE and Porter’s Analysis

    3.9. Regulatory Landscape

        3.9.1. By Key Regions

        3.9.2. By Key Countries

    3.10. Regional Parent Market Outlook

    3.11. Production and Consumption Statistics

    3.12. Import and Export Statistics

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type

Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-14119

About the Consumer Product Division at Future Market Insights

The consumer product team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Explore FMI’s Extensive Ongoing Coverage in Consumer Product Domain

Clothing Recycling Market Size: The clothing recycling market is anticipated to be valued at US$ 5.8 Million in 2022.

Online Clothing Rental Market Share: The online clothing rental market size is projected to be valued at US$ 2,279.9 million in 2023 and is expected to rise to US$ 6,244.1 million by 2033

Triathlon Clothing Market Trends: According to a recent report by Future Market Insights (FMI), the triathlon clothing market is estimated to stand at US$ 4,928.61 million by 2033.

Sports Inspired Clothing Market Demand: Sportswear as fashion clothing has been highly integrated into cultures across the globe. Sports-inspired clothing or athletic-inspired clothing is trending in the industry as the adoption of a healthy lifestyle is gaining momentum.

Workout Clothes Market Forecast: The workout clothes market is garnering an average growth momentum with an estimated CAGR of 6.2% from 2022 to 2032. The workout clothes market share was worth US$ 210.8 Billion in 2022.

Electric Clothes Drying Hanger Market Analysis: The global Electric Clothes Drying Hanger market is expected to witness a market value of US$ 1.4 Billion in 2023 and is expected to accumulate a market value of US$ 2.4 Billion by registering a CAGR of 5.4% in the forecast period 2023 to 2033.

Beach Towels Market Outlook: The beach towels market is anticipated to expand to a valuation of US$ 27.94 million in 2023 and is estimated to exhibit a compound annual growth rate (CAGR) of 3.5% from 2023 to 2033 and reach US$ 39.42 million in 2033.

Secondhand Apparel Market Growth: The global second-hand apparel market is estimated at US$ 71,225.6 million in 2022 and is projected to expand at a prolific CAGR of 14.8% from 2022 to 2032

Apparel Re-commerce Market Sales: The Apparel Re-Commerce Market is likely to hold the global market at a moderate CAGR of ~24.6% during the forecast period.

Europe Second-hand Apparel Market Values: Europe's second-hand apparel market is expected to be worth US$ 18,100 million in 2022. Demand in the market is expected to reach US$ 40,676 million by 2032

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact Us:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com