Wetsuit Trends and Forecast
The future of the global wetsuit market looks promising with opportunities in the surfing, scuba diving, and triathlon markets. The global wetsuit market is expected to reach an estimated $5.0 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are increasing public involvement in sports, growth of surfing spots inland, and rising purchasing capacity of consumers.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Wetsuit by Segment
The study includes a forecast for the global wetsuit by product type, distribution channel, thickness, application, and region.
Wetsuit Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Hooded Wetsuits
• Full Wetsuits
• Convertible Wetsuits
• Sleeveless Wetsuits
• Shortly/Spring Wetsuits
• Others
Wetsuit Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Sport Variety Stores
• Third Party Online Channels
• Direct to Customer Channels
• Franchised Stores
• Modern Trade Channels
Wetsuit Market by Thickness [Shipment Analysis by Value from 2018 to 2030]:
• 1Mm-2Mm
• 2Mm-3Mm
• 3Mm-4Mm
• 4Mm-5Mm
• > 5Mm
Wetsuit Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Surfing
• Scuba Diving
• Triathlon
• Others
Wetsuit Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Wetsuit Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wetsuit companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wetsuit companies profiled in this report include-
• OÄX%$%XNeill
• Billabong
• Rip Curl
• Body Glove
• Quiksilver
• Helly Hansen
• Boz Wetsuits
• Arena Italia
• Hurley
• Patagonia
Wetsuit Market Insights
Lucintel forecasts that full wetsuits will remain the largest segment over the forecast period.
Within this market, surfing will remain the largest segment.
North America will remain the largest region over the forecast period due to increasing vogue of eco-friendly and sustainable products, expanding popularity of water sports and activities, and technological developments in wetsuit materials and designs.
Features of the Global Wetsuit Market
Market Size Estimates: Wetsuit market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Wetsuit market size by product type, distribution channel, thickness, application, and region in terms of value ($B).
Regional Analysis: Wetsuit market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, distribution channel, thickness, application, and regions for the wetsuit market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wetsuit market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the wetsuit market size?
Answer: The global wetsuit market is expected to reach an estimated $5.0 billion by 2030.
Q2. What is the growth forecast for wetsuit market?
Answer: The global wetsuit market is expected to grow with a CAGR of 6.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the wetsuit market?
Answer: The major drivers for this market are increasing public involvement in sports, growth of surfing spots inland, and rising purchasing capacity of consumers.
Q4. What are the major segments for wetsuit market?
Answer: The future of the global wetsuit market looks promising with opportunities in the surfing, scuba diving, and triathlon markets.
Q5. Who are the key wetsuit market companies?
Answer: Some of the key wetsuit companies are as follows:
• OÄX%$%XNeill
• Billabong
• Rip Curl
• Body Glove
• Quiksilver
• Helly Hansen
• Boz Wetsuits
• Arena Italia
• Hurley
• Patagonia
Q6. Which wetsuit market segment will be the largest in future?
Answer: Lucintel forecasts that full wetsuits will remain the largest segment over the forecast period.
Q7. In wetsuit market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing vogue of eco-friendly and sustainable products, expanding popularity of water sports and activities, and technological developments in wetsuit materials and designs.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the wetsuit market by product type (hooded wetsuits, full wetsuits, convertible wetsuits, sleeveless wetsuits, shortly/spring wetsuits, and others), distribution channel (sport variety stores, third party online channels, direct to customer channels, franchised stores, and modern trade channels), thickness (1mm-2mm, 2mm-3mm, 3mm-4mm, 4mm-5mm, and > 5mm), application (surfing, scuba diving, triathlon, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Wetsuit Market, Wetsuit Market Size, Wetsuit Market Growth, Wetsuit Market Analysis, Wetsuit Market Report, Wetsuit Market Share, Wetsuit Market Trends, Wetsuit Market Forecast, Wetsuit Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.