Global Swimming Gear Market 2017-2021
About Swimming Gear
Swimming gear refers to the equipment required for swimming such as swimwear, goggles, caps, accessories, and footwear. A wide range of styles and prints are available in the market. Swimming gear materials are going through various product innovations. Yet, the production of swimming gear materials has been restricted by various regulating bodies, which affects the market negatively.
Technavio’s analysts forecast the global swimming gear market to grow at a CAGR of 5.40% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global swimming gear market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Swimming Gear Market 2017-2021
Technavio recognizes the following companies as the key players in the global swimming gear market: Arena, Aqua Sphere, DIANA, Speedo, and La Perla.
Other Prominent Vendors in the market are: ACACIA, American Apparel, SUNSETS, Billabong, Body Glove International, O'Neill, Perry Ellis International, and Swimwear Anywhere.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is eco-friendly swimwear. Today, consumers have become more responsible toward the environment. As a result, there is a greater demand for ethical and eco-friendly swimwear. Many vendors have taken initiatives to position themselves as environmentally responsible operators.”
According to the report, one driver in the market is growing interest in water sports. Over the last few years, the recreational water sports market has been growing rapidly, providing a business opportunity for many coastal cities and regions that have water bodies like rivers or lakes. Water sports such as wakeboarding, flyboarding, scuba diving, jet skiing, surfing, snorkeling, and stand-up paddle boarding have become an inherent part of recreational activities. Recently, there has been an increased emphasis on water sports by many government bodies, especially tourism boards, to increase the revenue generated from the tourism industry.
Further, the report states that one challenge in the market is market fragmentation and price sensitive consumers. With the presence of many established and local players, the market for swimming gear is highly fragmented. Players compete with each other for higher market share on the basis of competitive pricing. The consumer segment for mass and mid-range swimming gear is highly price sensitive. Low-cost manufacturing in countries like China is making affordable swimwear available in the market. This is creating a price challenge for the competitors in the swimming gear market.
Arena, Aqua Sphere, DIANA, Speedo, La Perla, ACACIA, American Apparel, SUNSETS, Billabong, Body Glove International, O'Neill, Perry Ellis International, and Swimwear Anywhere.