Allied Market Research published a new report, titled, “Men’s Swimwear Market by Product Type (Racing Suits, Drag Suits, Speedos, Square Leg Suits, Leg Skin, Swim Trunks, and Others), Fabric Type (Nylon, Polyester, Cotton, Spandex, and Others), and Distribution Channel (Hypermarkets/Supermarkets, Sports Outlets, Specialty Stores, Online, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030″ The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.
Manufacturers are increasing their R&D spending in order to develop sophisticated products, which will likely contribute to market expansion. For example, Stella McCartney partnered with ISA Spa in 2017 to expand their men’s swimwear range and related accessories, such as boxers, beach bags, briefs, t-shirts, and towels. By product type, the speedo and square leg segments each have a significant part of the men’s swimwear market. By the end of the forecast period, the speedos segment is expected to have grown at a rapid rate. The European market for speedos accounts for around a fourth of the total.
The majority of the producers employ sophisticated textiles like neoprene, which are lightweight, flexible, and provide excellent thermal insulation. Men’s neoprene swimwear is available from companies including Speedo International Limited and O’NEILL. Polyester-based products are in high demand because they have excellent wrinkle resistance and color retention, as well as the capacity to endure pressure.
In addition, companies are developing polyester materials with higher proportions, which are denser and less likely to lose shape quickly. For example, Speedo International Limited, situated in the United Kingdom, offers a selection of chlorine-resistant and polyester-based items.
Product innovation as a result of increased demand for trendy sports apparels is another important factor driving market expansion. Furthermore, an increase in the number of luxury swimming clubs and spas, particularly in developed countries, will add to product demand.
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In the next five years, the Asia-Pacific area is predicted to develop at a faster rate than the rest of the world. Fast-growing economies, such as India and China, have a lot of promise in terms of swimsuit consumption.
COVID-19 Impact analysis
The spread of COVID-19 hampered marker pen production, supply, and demand, which had a detrimental impact on the market. As the COVID-19 pandemic spread over the world, governments in a number of countries imposed harsh curfews, preventing people from going outside, including public areas and businesses.
The key market players profiled in the report include American Apparel, Inc., Arena Italia S.p.A, Diana Sport, Eveden Group, Jantzen, Inc., La Perla Group, NOZONE Clothing Limited, O’Neill, Inc., PARAH S.p.A., Pentland Group plc., Speedo International Ltd., Perry Ellis International, Inc., Quiksilver, Inc., Seafolly, Seaspray Swimwear
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Key Benefits of the Report
• This study presents the analytical depiction of the men’s swimwear industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the men’s swimwear market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the men’s swimwear market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed men’s swimwear market analysis based on competitive intensity and how the competition will take shape in coming years
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.