Wetsuit Market by Product Type, Thickness, Distribution Channel, End-User, Application

List of Tables

The Global Wetsuit Market is forecasted to grow significantly, with a projected USD 3,333.64 million in 2023 at a CAGR of 10.28% and expected to reach a staggering USD 6,770.94 million by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Wetsuit Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Wetsuit Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Product Type, market is studied across Convertible Wetsuits, Full Wetsuits, Hooded Wetsuits, Shortly or Spring Wetsuits, and Sleeveless Wetsuits. The Full Wetsuits commanded largest market share of 41.23% in 2022, followed by Shortly or Spring Wetsuits.

Based on Thickness, market is studied across 1mm-2mm, 2mm-3mm, 3mm-4mm, 4mm-5mm, and > 5mm. The 3mm-4mm commanded largest market share of 27.12% in 2022, followed by 2mm-3mm.

Based on Distribution Channel, market is studied across Offline and Online. The Offline commanded largest market share of 95.66% in 2022, followed by Online.

Based on End-User, market is studied across Female, Kids, and Male. The Male commanded largest market share of 49.23% in 2022, followed by Female.

Based on Application, market is studied across Scuba Diving, Surfing, and Triathlon. The Surfing commanded largest market share of 32.12% in 2022, followed by Scuba Diving.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 44.93% in 2022, followed by Americas.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Wetsuit Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

Market Penetration: Provides comprehensive information on the market offered by the key players
Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

What is the market size and forecast of the Global Wetsuit Market?
What are the inhibiting factors and impact of COVID-19 shaping the Global Wetsuit Market during the forecast period?
Which are the products/segments/applications/areas to invest in over the forecast period in the Global Wetsuit Market?
What is the competitive strategic window for opportunities in the Global Wetsuit Market?
What are the technology trends and regulatory frameworks in the Global Wetsuit Market?
What is the market share of the leading vendors in the Global Wetsuit Market?
What modes and strategic moves are considered suitable for entering the Global Wetsuit Market?

Product Code: MRR-437896AA3D58

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Wetsuit Market, by Product Type, 2022 vs 2030
4.3. Wetsuit Market, by Thickness, 2022 vs 2030
4.4. Wetsuit Market, by Distribution Channel, 2022 vs 2030
4.5. Wetsuit Market, by End-User, 2022 vs 2030
4.6. Wetsuit Market, by Application, 2022 vs 2030
4.7. Wetsuit Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Surging Popularity of Water Sports and Recreational Activities with Public-Private Initiatives
  - 5.1.1.2. Increasing Investment in Premium Quality Sports Garments with Social Media Influence and Rise of eCommerce
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuating Prices of the Neoprene and Concerns Related to Bacterial Infection Caused by Wearing Wetsuits
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of Eco-Friendly Wetsuits and Improvements in Material Properties
  - 5.1.3.2. Advancements in Wetsuit Manufacturing with the Emergence of Customized Product Options
- 5.1.4. Challenges
  - 5.1.4.1. Fitting Issues of Wetsuits and Availability of Imitation and Low-Quality Wetsuits
5.2. Market Trends
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization
- 5.9.1. Price Trend Analysis
- 5.9.2. Wide Range Availability
- 5.9.3. Cuts and Colourways
- 5.9.4. Performance & Comfort
- 5.9.5. Summer Specials
- 5.9.6. Wetsuit Material and Construction

6. Wetsuit Market, by Product Type

6.1. Introduction
6.2. Convertible Wetsuits
6.3. Full Wetsuits
6.4. Hooded Wetsuits
6.5. Shortly or Spring Wetsuits
6.6. Sleeveless Wetsuits

7. Wetsuit Market, by Thickness

7.1. Introduction
7.2. 1mm-2mm
7.3. 2mm-3mm
7.4. 3mm-4mm
7.5. 4mm-5mm
7.6. > 5mm

8. Wetsuit Market, by Distribution Channel

8.1. Introduction
8.2. Offline
8.3. Online

9. Wetsuit Market, by End-User

9.1. Introduction
9.2. Female
9.3. Kids
9.4. Male

10. Wetsuit Market, by Application

10.1. Introduction
10.2. Scuba Diving
10.3. Surfing
10.4. Triathlon

11. Americas Wetsuit Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Wetsuit Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Wetsuit Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
- 14.3.1. Merger & Acquisition
  - 14.3.1.1. Kampos Swimwear Makes a Splash in the Sustainability Market
  - 14.3.1.2. Lagercrantz Group Acquires Waterproof Diving International AB
- 14.3.2. Agreement, Collaboration, & Partnership
  - 14.3.2.1. Hard Rock International and Sports Illustrated Swimsuit's Continued Partnership
- 14.3.3. New Product Launch & Enhancement
  - 14.3.3.1. Orca Launches Into the Surfing Market with New Wetsuit Line
  - 14.3.3.2. The Revolutionary New Wetsuit: Eco-Friendly and Seashell-Based
  - 14.3.3.3. Arena Sport's Hi-Tech Powerskin Storm Wetsuit: Ready to Take On the Waves
  - 14.3.3.4. Aqualung Launches Eco-Responsible Wetsuit Collection
- 14.3.4. Investment & Funding
  - 14.3.4.1. Swimming Wetsuits - An Essential Part of Training for Paris 2024
  - 14.3.4.2. Emler Swim School Reaches New Milestone with Investment from Morgan Stanley Capital Partners
- 14.3.5. Award, Recognition, & Expansion
  - 14.3.5.1. Xcel Wetsuits Acquired by Wedge Brands
  - 14.3.5.2. Rip Curl's Expansion of Wetsuit Recycling to the US and Europe

15. List of Company Mentioned

16. Appendix

16.1. Discussion Guide
16.2. License & Pricing