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Wetsuit Market

Global Wetsuit Market will gain from the increasing participation in outdoor recreational activities, including watersports. Future Market Insights (FMI) has forecast sales of wetsuits to grow by 5.9% year-over-year in 2021..<br><br>To cater the surging demand, manufacturers are providing premium and comfortable wetsuits customized for various sports activities. As per the FMI analysis, the wetsuit market is expected to surpass a valuation of US$ 1.78 Bn in 2021. Between 2021 and 2031, demand for wetsuits is projected to soar at a 6.5% CAGR.

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Wetsuit Market

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  1. Wetsuit Market www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved November 2021 Report Id : REP-GB-14119 Published On : Nov 2021 Category : Consumer Product

  2. AboutFuture Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, aerial view of the competitive framework, and future market trends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing – the perfect solution for our client. Research Capabilities Sector Coverage • Customized Research • Syndicated Research • Investment Research • Social Media Research • Automotive and Transportation • Electronics, Semiconductor, and ICT • Retail and Consumer Products • Industrial Automation and Equipment • Chemicals & Materials • Food and Beverages • Services and Utilities • Energy, Mining, Oil, and Gas Customized Research Syndicated Research Investment Research Social Media Research Subscription Information For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com

  3. Research Methodology (1/2) Research & Intelligence Data Collection Actionable Insights Data Filter & Analysis Business Solution 1 Market profiling 2 Formulating discussion guide • Identifying key opinion leaders • Questionnaire design • In-depth interviews • Coverage across value chain 3 A Developing list of respondents • Key industry experts • Channel study • Developments • Market dynamics • Products • Conclusions Primary Research 4 SOLUTION Data collection • Market participants • Key strengths • Product portfolio • Mapping as per value chain • Key focus segments B 5 Desk Research Data validation 6 C Data analysis Primary Research # • Secondary Research # • Paid Publications# Company Analysis • Linkedin • Zoominfo • Salesforce • Avention • Company websites • Company annual reports • White papers • Financial reports • Factiva • GBI • Genios • Meltwater 7 Insights Systematic Research Approach # includes sources of databases

  4. Wetsuit Market Analysis The global wetsuits market is expected to surpass a valuation of US$ 3.35 Bn, expanding at a 6.5% CAGR through 2031. Consistent growth of recreational water sports activities is spurring demand for wetsuits, with eco-friendly wetsuits emerging as the most popular products in the global wetsuits market. Initially, the brand O'Neil Inc., manufactured the first wetsuit using neoprene. However, with technological advancements and the availability of modern machines has enabled brands to offer wetsuits made from other materials such as wool, lycra, synthetic rubber, and spandex. This has enabled the wetsuits brands to diversify their product portfolios. Moreover, with growing demand for eco-friendly materials, sales of wool and lycra-based wetsuits are projected to rise over the forecast period.

  5. Wetsuit Market Analysis Further, wetsuits designing has shifted from traditional methods such as seam taping and seam gluing to blind stitching. Blind stitching allows manufacturers to stitch the material completely from one side without making holes directly through the material. This technique potentially gives more flexibility to the wetsuit and stops continuous flow of water through the material. These developments are expected to continue augmenting growth of the wetsuit market over the forecast period. "Introduction of safety technologies such as Shark Attack Mitigation System (SAMS) in wetsuits, along with emergence of indoor artificial water waves activities are projected to augment growth of the global wetsuit market through 2031," says an FMI analyst. Request Sample Report Brochure: https://www.futuremarketinsights.com/reports/sample/rep-gb-14119

  6. Wetsuit Market Analysis Key Takeaways: Based on product type, the full sleeves wetsuits segment is expected to hold 70.4% of the total market share in 2021.Surfing as an application of wetsuits is likely to dominate the market with a share of 37.3% in 2021.Men wetsuits are highly in demand among the consumers. This is likely due to the availability of wetsuits for men in various sizes, designs, and colors. The segment is projected to hold 50.1% of the total wetsuit market share in 2021.In terms of price range, under US$ 100 is projected to hold the highest market share in 2021, at around 51.2%. Sales of wetsuits through water sporting accessories stores are expected to grow at a 5.4% CAGR through 2031.The U.S. is expected to dominate the North America wetsuit market, holding 83.9% of the market share in 2021.India will emerge as an attractive wetsuit market, accounting for 27.25 of the South Asisa market share in 2021.China is projected to account for 43.9% of the East Asia wetsuit market share in 2021.Japan and South Korea will account for 23.5% and 32.6% of the global wetsuit market share over the forecast period.

  7. Wetsuit Market Analysis Competitive Landscape Prominent players present in the global wetsuits market are O'Neil Inc., Quicksilver Inc., Billabong International Limited, Aqualung, Gullewa Limited, Shieco Group Co., Ltd., Xcel, Patagonia Capital Ltd., Vissla, Rip Curl, Sisstrevolution, Speedo, BARE Sports, and Decathlon S.A. among others. Top 5 players in the wetsuit market are projected to account for 15-25% of the total market share over the forecast period. Leading manufacturers of wetsuits are focusing on upon product development and implementing eco-friendly and new material that are more flexible, reliable, and provide better insulation to protect user from catching hyperthermia. For instance: In 2020, Billabong introduced their new line-up of Eco-Conscious wetsuits that are made with recycler tech- meaning the graphene is infused with 100% P.E.T. recycled fibers.

  8. Wetsuit Market Analysis More Insights into the Wetsuit Market Report Future Market Insights, in its new offering, provides an unbiased analysis of the global wetsuits market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the wetsuits market based on by product type (full sleeves & short sleeves), application (surfing underwater diving, sailing, river rafting, others), consumer orientation (men, women, unisex), price range (under US$ 100, US$ 100- US$ 200, US$ 200 & above), and sales channel (wholesalers/ distributors, hypermarkets/ supermarkets, specialty stores, water sporting accessories stores, online retailers and others) across seven major regions. For any Queries Related with the Report, Ask to Analyst: https://www.futuremarketinsights.com/ask-question/rep-gb-14119

  9. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com Contact Us:  Future Market Insights,  Unit No: 1602-006  JumeirahBay 2  Plot No: JLT-PH2-X2A  JumeirahLakes Towers  Dubai United Arab Emirates LinkedIn| Twitter| Blogs Thank You Future Market Insights Global & Consulting Private Limited (FMI)

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