According to the latest report by IMARC Group, titled "Wetsuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global wetsuit market report exhibited moderate growth during 2015-2020. Wetsuits are garments that are typically worn by divers, swimmers, canoeists and individuals engaging in water sports and activities. They are generally made from foamed neoprene bubbles that offer buoyancy, thermal insulation and abrasion resistance to the wearers. They also provide insulation to the users by assisting them in retaining their body heat and ensuring that the wearers do not develop a severe condition named hypothermia that is characterized by extremely low body temperatures. Widely available in a vast array of styles and thicknesses, their use further aids in protecting the wearers against jellyfish stings and cuts and bruises from rocky reefs.Get a sample copy of this Report: www.imarcgroup.com/wetsuit-market/requestsample
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Global Wetsuit Market Trends:
The global market is majorly driven by the increasing participation in water-based sports activities. The rapid development of inland surfing grounds is also providing an impetus to the uptake of wetsuits across the globe. Moreover, an enhanced focus on sustainable development has impelled numerous key players to introduce wetsuits made from eco-friendly materials, including natural rubber and water-based glue. They also involve the use of recycled plastics, water bottles and fishing nets, which are gaining widespread prominence among the end users. The market is further driven by the continual integration of advanced technologies for manufacturing wetsuits. For instance, Shark Attack Mitigation Systems (SAMS) are increasingly being equipped with these garments that aid the wearers in camouflaging using disruptive coloration. Some of the other factors contributing to the market growth include the inflating disposable income levels of the masses and considerable growth in the global tourism industry. On account of the aforementioned factors, the market is expected to grow at a CAGR of around 4% during 2021-2026.
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Competitive Landscape with Key players:
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
Wetsuit Market Segmentation:
Our report has categorized the market based on region, product type, thickness, end-user and application.
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