The global wetsuit market is expected to grow at a CAGR of around 4% during 2019-2024.
A wetsuit is a garment worn by swimmers, divers, canoeists and individuals who engage in water sports and activities. The suit is made using foamed neoprene bubbles that provide thermal insulation, abrasion resistance and buoyancy to the user. It assists in retaining the body heat and avoiding the condition of hypothermia under water. It also protects against cuts and bruises from rocky reefs and jellyfish stings. Wetsuits are available in a wide variety of thickness and styles such as hooded, sleeveless, convertible, etc.
Increasing participation in water-based sports activities and development of inland surfing grounds are the key factors driving the growth of the market. Furthermore, the introduction of novel technologies in the creation of artificial waves and wave parks are further enhancing product demand. Manufacturers are extensively focusing on creating eco-friendly wetsuits using materials such as natural rubber and water-based glue as a substitute to neoprene. Additionally, green wetsuits are also being manufactured using recycled plastics, water bottles and fishing nets, which are gaining immense popularity amongst the consumers. Various product innovations such as the introduction of shark repellant wetsuits that consist of Shark Attack Mitigation System (SAMS) have significantly impacted the market growth. It camouflages the diver using disruptive coloration and portrays him/her as a potential threat to the carnivore. Moreover, the implementation of favorable policies to promote health management through surfing and diving activities along with rising disposable incomes, is expected to impact the market positively in the coming years.
This latest report provides a deep insight into the global wetsuit market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the wetsuit market in any manner.
Report Coverage: Historical, Current and Future Market Trends
Market Breakup by Product Type: Hooded Wetsuits Full Wetsuits Convertible Wetsuits Sleeveless Wetsuits Shortly/Spring Wetsuits Others
Market Breakup by Thickness: 1mm-2mm 2mm-3mm 3mm-4mm 4mm-5mm > 5mm
Market Breakup by End-User: Male Female Kids
Market Breakup by Application: Surfing Scuba Diving Triathlon Others
Market Breakup by Distribution Channel: Sport Variety Stores Third Party Online Channels Direct to Customer Channels Franchised Stores Modern Trade Channels
Market Breakup by Region: North America Europe Asia Pacific Middle East and Africa Latin America
Competitive Landscape: The report has also analysed the competitive landscape of the market with some of the key players being O’Neill, Billabong, Rip Curl, Body Glove, Quiksilver, Helly Hansen, Boz Wetsuits, Arena Italia SPA, Hurley, Patagonia, Hyperflex Wetsuits, Speedo, GUL, Typhoon, Isurus, etc.
Key Questions Answered in This Report: How has the global wetsuit market performed so far and how will it perform in the coming years? What are the key regional markets in the global wetsuit industry? What is the breakup of the market based on the product type? What is the breakup of the market based on the thickness? What is the breakup of the market based on the end-user? What is the breakup of the market based on the application? What are the various stages in the value chain of the global wetsuit industry? What are the key driving factors and challenges in the global wetsuit industry? What is the structure of the global wetsuit industry and who are the key players? What is the degree of competition in the global wetsuit industry?
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