NEW
YORK, July 1, 2024 /PRNewswire/ -- The
global mens swimwear market size is estimated to grow by
USD 1.78 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 7.82% during the forecast period. Increasing demand for
long-sleeve swimsuits among men is driving market growth, with a
trend towards growth of online and omnichannel retail. However,
limited access and availability of swimming pools in areas with
water scarcity poses a challenge. Key market players include Adidas
AG, American Eagle Outfitters Inc, Arena Spa, Chanel Ltd.,
Decathlon SA, DICKS Sporting Goods Inc., Frescobol Carioca, Hennes
and Mauritz AB, Hermes International SA, Jack and Jones,
Love Brand and Co., LVMH Moet
Hennessy Louis Vuitton SE, Nike Inc., Pentland Brands Ltd., Perry
Ellis International Inc., PUMA SE, PVH Corp., Thornico AS, Urban
Outfitters Inc., and Vilebrequin.
Get a detailed analysis on regions, market
segments, customer landscape, and companies- View the
snapshot of this report
Mens Swimwear Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
7.82%
|
Market growth
2024-2028
|
USD 1785.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
7.1
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
28%
|
Key
countries
|
US, China, UK, Germany,
and Japan
|
Key companies
profiled
|
Adidas AG, American
Eagle Outfitters Inc, Arena Spa, Chanel Ltd., Decathlon SA, DICKS
Sporting Goods Inc., Frescobol Carioca, Hennes and Mauritz AB,
Hermes International SA, Jack and Jones, Love Brand and Co., LVMH
Moet Hennessy Louis Vuitton SE, Nike Inc., Pentland Brands Ltd.,
Perry Ellis International Inc., PUMA SE, PVH Corp., Thornico AS,
Urban Outfitters Inc., and Vilebrequin
|
Market Driver
The global mens swimwear market is experiencing significant
growth, driven by the popularity of e-retailing. This time- and
cost-efficient shopping method has gained traction due to increased
Internet penetration, a stronger economy, and enhanced purchase and
delivery options. Omnichannel retailing is also on the rise, with
vendors like Speedo expanding their reach through various channels,
including Walmart, DICK'S Sporting Goods, their website, and
third-party platforms like Amazon and Alibaba. These factors are
expected to fuel market expansion during the forecast
period.
The mens swimwear market is experiencing significant growth with
consumers seeking innovative and functional designs. Producing
high-quality swimsuits is crucial for businesses in this sector.
Consumers are drawn to trendy patterns and comfortable fabrics.
Consumer preferences lean towards quick-drying materials and UV
protection. Additionally, consumers value convenience, with
swimsuits offering adjustable straps and secure fittings. The
market also caters to various body types and sizes, ensuring
inclusivity. Consumers are increasingly seeking eco-friendly
options, making sustainable materials a key trend. Overall, the
mens swimwear market is a dynamic and competitive industry, with
businesses focusing on delivering stylish, functional, and
sustainable products to meet consumer demands.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The global mens swimwear market is facing challenges due to
decreasing consumable water levels in various countries. Water
crises, caused by excessive demand or wastage, pollution, climate
change, and urbanization, are restricting water availability. These
issues limit the construction of swimming pools, increasing water
bills and membership fees, and hindering growth in demand for mens
swimwear. Consequently, the mens swimwear market may experience
restrained growth during the forecast period.
- The mens swimwear market faces several challenges in the
production and distribution sectors. Technological advances are
necessary to create innovative, high-performance fabrics and
designs. Displays and packaging must effectively showcase products
in retail environments. Distributors and retailers require
efficient logistics and inventory management systems to meet
consumer demand. Consumers seek sustainable and eco-friendly
options, pushing manufacturers to adopt environmentally friendly
production methods. Competition from various market segments, such
as activewear and underwear, adds to the challenge. Cost control
and price competition are also significant factors. Overall, the
mens swimwear industry must adapt to these challenges to remain
competitive and meet evolving consumer preferences.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This mens swimwear market report extensively covers market
segmentation by
- Material
- 1.1 Polyester
- 1.2 Spandex
- 1.3 Nylon
- 1.4 Other
- Distribution Channel
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Polyester- The Mens Swimwear Market experienced
steady growth in 2020, with sales reaching USD1.5 billion. Key players include Speedo,
Adidas, and Nike. Consumers prefer functional designs, quick-drying
materials, and UV protection. Online sales increased due to the
pandemic, accounting for 30% of total revenue. Brands invest in
marketing and collaborations to expand their customer base. The
market is expected to continue growing, driven by increasing health
consciousness and leisure activities.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
In today's urbanized world, where fast-paced life prevails,
intelligent vending machines have revolutionized the way we
purchase essentials, including mens swimwear. These advanced units
offer touchscreen controls, voice recognition, and digital signage
to provide a seamless shopping experience. Cashless systems, such
as mobile payments, have replaced traditional cash and coins,
ensuring a contactless transaction. Telemetry systems monitor
inventory levels of frozen items and instant food items, ensuring
availability and freshness. Sensors detect customer preferences,
offering personalized recommendations. Component manufacturers
continue to innovate, integrating scents and video/audio displays
to enhance the shopping experience. ERP systems manage backend
operations, ensuring efficient supply chain management. Public
places, including gyms and pools, have become prime locations for
these smart vending machines, catering to the growing demand for
convenience and accessibility.
Learn and explore more about
Technavio's in-depth research reports
The global bridal wear market is experiencing steady growth,
driven by evolving fashion trends and increased disposable incomes.
Consumers are seeking personalized and unique designs, boosting
demand for custom-made dresses. Meanwhile, the global basketball
apparel market is also on an upward trajectory, fueled by the
sport's growing popularity and the athleisure trend. Brands are
innovating with high-performance fabrics and stylish designs to
cater to both athletes and casual wearers. This dual-market
analysis highlights significant opportunities for stakeholders to
capitalize on changing consumer preferences and emerging fashion
trends in both bridal and sportswear sectors.
Market Research Overview
The Mens Swimwear Market encompasses a variety of designs and
styles, including board shorts, swim trunks, briefs, and rash
guards. These garments are typically made from quick-drying and
chlorine-resistant materials, such as polyester and nylon. The
market caters to both casual and competitive swimmers, with an
increasing focus on functionality and comfort. Key features include
UPF protection, adjustable waistbands, and moisture-wicking
technology. The market is driven by factors such as growing health
consciousness, rising disposable income, and a trend towards active
lifestyles. Consumers seek swimwear that not only looks good but
also provides superior comfort and functionality for various water
activities.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Material
-
- Polyester
- Spandex
- Nylon
- Other
- Distribution Channel
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/mens-swimwear-market-size-is-set-to-grow-by-usd-1-78-billion-from-2024-2028--increasing-demand-for-long-sleeve-swimsuits-among-men-boost-the-market-technavio-302185971.html
SOURCE Technavio