Global Wetsuits Market 2017-2021
Wetsuits are worn by surfers, divers, windsurfers, triathletes, and individuals involved in water sports. A wetsuit is manufactured using foamed neoprene that provides thermal insulation, buoyancy, and abrasion resistance. The insulation properties of wetsuits are dependent on the bubbles of gas enclosed within the material of the wetsuit. This reduces its capacity to conduct heat. The bubbles of gas maintain low density and provide buoyancy in water.
Technavio’s analysts forecast the global wetsuits market to grow at a CAGR of 4.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global wetsuits 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 Wetsuits Market 2017-2021
Technavio recognizes the following companies as the key players in the global wetsuits market: Billabong, O'Neill, Patagonia, Quiksilver and Rip Curl.
Other Prominent Vendors in the market are: Body glove, Buell Wetsuits, Cressi, C-Skins, Helly Hansen, Mares, Musto, SCUBAO and Xcel.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in disposable income. Traditionally, participation in water sports has been high in regions like US and Australia.
According to the report, one driver in the market is evolving customer preferences. Comfort has always been the primary criteria for manufacturing wetsuits. However, vendors are now focusing on the performance and warmth offered by wetsuits, along with interest in fashion and designing. Nowadays, consumers seek wetsuits that offer these features in addition to flexibility and lightweight.
Further, the report states that one challenge in the market is seasonality of water games. Water sports are popular recreational activities that highly influence the tourism sector. Sports are largely dependent on climatic conditions. Accordingly, climatic changes have a significant influence on the demand for wetsuits. Water sports like diving and surfing are dependent on the wind speed and water current. Thus, these sports are usually played in definite season intervals.
Billabong, O'Neill, Patagonia, Quiksilver, Rip Curl, Body glove, Buell Wetsuits, Cressi, C-Skins, Helly Hansen, Mares, Musto, SCUBAPRO and Xcel.