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Wetsuit Market Report by Product Type (Hooded Wetsuits, Full Wetsuits, Convertible Wetsuits, Sleeveless Wetsuits, Shortly/Spring Wetsuits, and Others), Thickness (1mm-2mm, 2mm-3mm, 3mm-4mm, 4mm-5mm, > 5mm), End User (Male, Female, Kids), Application (Surfing, Scuba Diving, Triathlon, and Others), Distribution Channel (Sport Variety Stores, Third Party Online Channels, Direct to Customer Channels, Franchised Stores, Modern Trade Channels), and Region 2024-2032
Market Report I 2024-04-08 I 136 Pages I IMARC Group
The global wetsuit market size reached US$ 1,365.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,125.1 Million by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032. 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 2024-2032. 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?
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
Figure 1: Global: Wetsuit Market: Major Drivers and Challenges
Figure 2: Global: Wetsuit Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Wetsuit Market: Breakup by Product Type (in %), 2023
Figure 4: Global: Wetsuit Market: Breakup by Thickness (in %), 2023
Figure 5: Global: Wetsuit Market: Breakup by End-User (in %), 2023
Figure 6: Global: Wetsuit Market: Breakup by Application (in %), 2023
Figure 7: Global: Wetsuit Market: Breakup by Distribution Channel (in %), 2023
Figure 8: Global: Wetsuit Market: Breakup by Region (in %), 2023
Figure 9: Global: Wetsuit Market Forecast: Sales Value (in Million US$), 2024-2032
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$), 2018 & 2023
Figure 14: Global: Wetsuit (Hooded Wetsuits) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Wetsuit (Full Wetsuits) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Wetsuit (Full Wetsuits) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Wetsuit (Convertible Wetsuits) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Wetsuit (Convertible Wetsuits) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Wetsuit (Sleeveless Wetsuits) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Wetsuit (Sleeveless Wetsuits) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Wetsuit (Shortly/Spring Wetsuits) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Wetsuit (Shortly/Spring Wetsuits) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Wetsuit (Other Product Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Wetsuit (Other Product Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Wetsuit (1mm-2mm) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Wetsuit (1mm-2mm) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Wetsuit (2mm-3mm) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Wetsuit (2mm-3mm) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Wetsuit (3mm-4mm) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Wetsuit (3mm-4mm) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Wetsuit (4mm-5mm) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Wetsuit (4mm-5mm) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: Global: Wetsuit (> 5mm) Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: Global: Wetsuit (> 5mm) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Global: Wetsuit (Male) Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Global: Wetsuit (Male) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Global: Wetsuit (Female) Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Global: Wetsuit (Female) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Global: Wetsuit (Kids) Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Global: Wetsuit (Kids) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Global: Wetsuit (Surfing) Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Global: Wetsuit (Surfing) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Global: Wetsuit (Scuba Diving) Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Global: Wetsuit (Scuba Diving) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: Global: Wetsuit (Triathlon) Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: Global: Wetsuit (Triathlon) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: Global: Wetsuit (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: Global: Wetsuit (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Global: Wetsuit Market: Sales through Sport Variety Stores (in Million US$), 2018 & 2023
Figure 50: Global: Wetsuit Market Forecast: Sales through Sport Variety Stores (in Million US$), 2024-2032
Figure 51: Global: Wetsuit Market: Sales through Third Party Online Channels (in Million US$), 2018 & 2023
Figure 52: Global: Wetsuit Market Forecast: Sales through Third Party Online Channels (in Million US$), 2024-2032
Figure 53: Global: Wetsuit Market: Sales through Direct to Customer Channels (in Million US$), 2018 & 2023
Figure 54: Global: Wetsuit Market Forecast: Sales through Direct to Customer Channels (in Million US$), 2024-2032
Figure 55: Global: Wetsuit Market: Sales through Franchised Stores (in Million US$), 2018 & 2023
Figure 56: Global: Wetsuit Market Forecast: Sales through Franchised Stores (in Million US$), 2024-2032
Figure 57: Global: Wetsuit Market: Sales through Modern Trade Channels (in Million US$), 2018 & 2023
Figure 58: Global: Wetsuit Market Forecast: Sales through Modern Trade Channels (in Million US$), 2024-2032
Figure 59: North America: Wetsuit Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: North America: Wetsuit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Europe: Wetsuit Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Europe: Wetsuit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Asia Pacific: Wetsuit Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Asia Pacific: Wetsuit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Middle East and Africa: Wetsuit Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Middle East and Africa: Wetsuit Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Latin America: Wetsuit Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Latin America: Wetsuit Market Forecast: Sales Value (in Million US$), 2024-2032
Table 1: Global: Wetsuit Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Wetsuit Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Wetsuit Market Forecast: Breakup by Thickness (in Million US$), 2024-2032
Table 4: Global: Wetsuit Market Forecast: Breakup by End-User (in Million US$), 2024-2032
Table 5: Global: Wetsuit Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Wetsuit Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 7: Global: Wetsuit Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Wetsuit Market Structure
Table 9: Global: Wetsuit Market: Key Players
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