PUBLISHER: IMARC | PRODUCT CODE: 1298638
PUBLISHER: IMARC | PRODUCT CODE: 1298638
Wetsuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global wetsuit market size reached US$ 1,293 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,793 Million by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028. The increasing participation of the masses in sports, the development of inland surfing grounds, and burgeoning consumer expenditure power represent some of the key factors driving the market.
A wetsuit is a specialized garment designed to keep the body warm and protected in cold water environments. It is commonly used in various water sports, such as surfing, diving, and snorkeling. The manufacturing process of a wetsuit involves using neoprene, a synthetic rubber that provides excellent insulation properties. Neoprene sheets are cut into patterns and then stitched together to create the final wetsuit. The thickness of the neoprene varies depending on the intended use of the wetsuit. Thicker neoprene provides better insulation in colder water, while thinner neoprene is suitable for warmer water conditions. A typical wetsuit consists of several components, including a full-length suit with long sleeves and legs, a back zipper for easy entry and exit, and a snug-fitting collar and cuffs to prevent water entry. Some wetsuits also come with additional features, such as reinforced knee pads and a chest panel for added durability and protection. One of its main advantages includes its ability to provide thermal insulation. The trapped water between the body and the wetsuit is quickly warmed up by body heat, creating a layer of insulation that helps retain warmth in cold water. Currently, there are several types of product variants available in the market, including full suits, shorties, spring suits, and dry suits.
Wetsuit Market Trends:
The global market for wetsuits is witnessing significant growth, primarily driven by the increasing participation in sports and the development of inland surfing grounds. This is further supported by the adoption of advanced technologies, including artificial wave creation and wave parks. In line with this, key manufacturers are actively working on developing eco-friendly wetsuits made using natural rubber and water-based glue as alternatives to neoprene, which is boosting the market growth. Moreover, the escalating use of recycled materials, including plastics, water bottles, and fishing nets, to produce green wetsuits and the introduction of innovative products, such as shark-repellent wetsuits, are creating a positive outlook for the market. Apart from this, the rising promotion of health management through surfing and diving activities, along with increasing disposable incomes, are expected to positively impact the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global wetsuit market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, thickness, end-user, application and distribution channel.
Product Type Insights:
- Hooded Wetsuits
- Full Wetsuits
- Convertible Wetsuits
- Sleeveless Wetsuits
- Shortly/Spring Wetsuits
- Others
The report has provided a detailed breakup and analysis of the wetsuit market based on the product type. This includes hooded wetsuits, full wetsuits, convertible wetsuits, sleeveless wetsuits, shortly/spring wetsuits, and others. According to the report, full wetsuits accounted for the largest market share.
Thickness Insights:
- 1mm-2mm
- 2mm-3mm
- 3mm-4mm
- 4mm-5mm
- > 5mm
A detailed breakup and analysis of the wetsuit market based on the thickness has also been provided in the report. This includes 1mm-2mm, 2mm-3mm, 3mm-4mm, 4mm-5mm, and > 5mm. According to the report, the > 5mm segment accounted for the largest market share.
End User Insights:
- Male
- Female
- Kids
A detailed breakup and analysis of the wetsuit market based on the end user has also been provided in the report. This includes male, female, and kids. According to the report, the male segment accounted for the largest market share.
Application Insights:
- Surfing
- Scuba Diving
- Triathlon
- Others
A detailed breakup and analysis of the wetsuit market based on the application has also been provided in the report. This includes surfing, scuba diving, triathlon, and others. According to the report, surfing accounted for the largest market share.
Distribution Channel Insights:
- Sport Variety Stores
- Third Party Online Channels
- Direct to Customer Channels
- Franchised Stores
- Modern Trade Channels
A detailed breakup and analysis of the wetsuit market based on the distribution channel has also been provided in the report. This includes sport variety stores, third party online channels, direct to customer channels, franchised stores, and modern trade channels. According to the report, sports variety stores accounted for the largest market share.
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. According to the report, North America was the largest market for wetsuits. Some of the factors driving the North America wetsuit market included the growing popularity of water sports and activities, technological advancements in wetsuit materials and designs, and rising popularity of eco-friendly and sustainable products.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global wetsuit market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include O'Neill, Billabong, Rip Curl, Body Glove, Quiksilver, Helly Hansen, Boz Wetsuits, Arena Italia SPA, Hurley, Patagonia, Hyperflex Wetsuits, Speedo, GUL, Typhoon, and Isurus. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
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 drivers, restraints, and opportunities in the global wetsuit market?
- What is the impact of each driver, restraint, and opportunity on the global wetsuit market?
- What are the key regional markets?
- Which countries represent the most attractive wetsuit market?
- What is the breakup of the market based on the product type?
- Which are the most attractive product type in the wetsuit market?
- What is the breakup of the market based on the thickness?
- Which is the most attractive thickness in the wetsuit market?
- What is the breakup of the market based on the end-user?
- Which is the most attractive end-user in the wetsuit market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the wetsuit market?
- What is the breakup of the market based on the distribution channel?
- Which is the most attractive distribution channel in the wetsuit market?
- What is the competitive structure of the global wetsuit market?
- Who are the key players/companies in the global wetsuit market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Wetsuit Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Product Type
- 5.5 Market Breakup by Thickness
- 5.6 Market Breakup by End-User
- 5.7 Market Breakup by Application
- 5.8 Market Breakup by Distribution Channel
- 5.9 Market Breakup by Region
- 5.10 Market Forecast
6 Market Breakup by Product Type
- 6.1 Hooded Wetsuits
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Full Wetsuits
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Convertible Wetsuits
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Sleeveless Wetsuits
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Shortly/Spring Wetsuits
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Thickness
- 7.1 1mm-2mm
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 2mm-3mm
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 3mm-4mm
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 4mm-5mm
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 > 5mm
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End-User
- 8.1 Male
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Female
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Kids
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Application
- 9.1 Surfing
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Scuba Diving
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Triathlon
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Market Breakup by Distribution Channel
- 10.1 Sport Variety Stores
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Third Party Online Channels
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Direct to Customer Channels
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Franchised Stores
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Modern Trade Channels
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Europe
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
- 11.3 Asia Pacific
- 11.3.1 Market Trends
- 11.3.2 Market Forecast
- 11.4 Middle East and Africa
- 11.4.1 Market Trends
- 11.4.2 Market Forecast
- 11.5 Latin America
- 11.5.1 Market Trends
- 11.5.2 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porter's Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 O'Neill
- 16.3.2 Billabong
- 16.3.3 Rip Curl
- 16.3.4 Body Glove
- 16.3.5 Quiksilver
- 16.3.6 Helly Hansen
- 16.3.7 Boz Wetsuits
- 16.3.8 Arena Italia SPA
- 16.3.9 Hurley
- 16.3.10 Patagonia
- 16.3.11 Hyperflex Wetsuits
- 16.3.12 Speedo
- 16.3.13 GUL
- 16.3.14 Typhoon
- 16.3.15 Isurus
List of Figures
- Figure 1: Global: Wetsuit Market: Major Drivers and Challenges
- Figure 2: Global: Wetsuit Market: Sales Value (in Million US$), 2017-2022
- Figure 3: Global: Wetsuit Market: Breakup by Product Type (in %), 2022
- Figure 4: Global: Wetsuit Market: Breakup by Thickness (in %), 2022
- Figure 5: Global: Wetsuit Market: Breakup by End-User (in %), 2022
- Figure 6: Global: Wetsuit Market: Breakup by Application (in %), 2022
- Figure 7: Global: Wetsuit Market: Breakup by Distribution Channel (in %), 2022
- Figure 8: Global: Wetsuit Market: Breakup by Region (in %), 2022
- Figure 9: Global: Wetsuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Wetsuit Industry: SWOT Analysis
- Figure 11: Global: Wetsuit Industry: Value Chain Analysis
- Figure 12: Global: Wetsuit Industry: Porter's Five Forces Analysis
- Figure 13: Global: Wetsuit (Hooded Wetsuits) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Wetsuit (Hooded Wetsuits) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Wetsuit (Full Wetsuits) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Wetsuit (Full Wetsuits) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Wetsuit (Convertible Wetsuits) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Wetsuit (Convertible Wetsuits) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Wetsuit (Sleeveless Wetsuits) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Wetsuit (Sleeveless Wetsuits) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Wetsuit (Shortly/Spring Wetsuits) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Wetsuit (Shortly/Spring Wetsuits) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Wetsuit (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Wetsuit (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Wetsuit (1mm-2mm) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Wetsuit (1mm-2mm) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Wetsuit (2mm-3mm) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Wetsuit (2mm-3mm) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Wetsuit (3mm-4mm) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Wetsuit (3mm-4mm) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Wetsuit (4mm-5mm) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Wetsuit (4mm-5mm) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Wetsuit (> 5mm) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Wetsuit (> 5mm) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Wetsuit (Male) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Wetsuit (Male) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Wetsuit (Female) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Wetsuit (Female) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Wetsuit (Kids) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Wetsuit (Kids) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Global: Wetsuit (Surfing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Global: Wetsuit (Surfing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Global: Wetsuit (Scuba Diving) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Global: Wetsuit (Scuba Diving) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Global: Wetsuit (Triathlon) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Global: Wetsuit (Triathlon) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Global: Wetsuit (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Global: Wetsuit (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Global: Wetsuit Market: Sales through Sport Variety Stores (in Million US$), 2017 & 2022
- Figure 50: Global: Wetsuit Market Forecast: Sales through Sport Variety Stores (in Million US$), 2023-2028
- Figure 51: Global: Wetsuit Market: Sales through Third Party Online Channels (in Million US$), 2017 & 2022
- Figure 52: Global: Wetsuit Market Forecast: Sales through Third Party Online Channels (in Million US$), 2023-2028
- Figure 53: Global: Wetsuit Market: Sales through Direct to Customer Channels (in Million US$), 2017 & 2022
- Figure 54: Global: Wetsuit Market Forecast: Sales through Direct to Customer Channels (in Million US$), 2023-2028
- Figure 55: Global: Wetsuit Market: Sales through Franchised Stores (in Million US$), 2017 & 2022
- Figure 56: Global: Wetsuit Market Forecast: Sales through Franchised Stores (in Million US$), 2023-2028
- Figure 57: Global: Wetsuit Market: Sales through Modern Trade Channels (in Million US$), 2017 & 2022
- Figure 58: Global: Wetsuit Market Forecast: Sales through Modern Trade Channels (in Million US$), 2023-2028
- Figure 59: North America: Wetsuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: North America: Wetsuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Europe: Wetsuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Europe: Wetsuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Asia Pacific: Wetsuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Asia Pacific: Wetsuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Middle East and Africa: Wetsuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Middle East and Africa: Wetsuit Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Latin America: Wetsuit Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Latin America: Wetsuit Market Forecast: Sales Value (in Million US$), 2023-2028
List of Tables
- Table 1: Global: Wetsuit Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Wetsuit Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
- Table 3: Global: Wetsuit Market Forecast: Breakup by Thickness (in Million US$), 2023-2028
- Table 4: Global: Wetsuit Market Forecast: Breakup by End-User (in Million US$), 2023-2028
- Table 5: Global: Wetsuit Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 6: Global: Wetsuit Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
- Table 7: Global: Wetsuit Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 8: Global: Wetsuit Market Structure
- Table 9: Global: Wetsuit Market: Key Players
