Market Size of Asia Pacific Swimwear Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.60 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Swimwear Market Analysis
The Asia-Pacific swimwear market is projected to register a CAGR of 4.6% during the forecast period.
Consumers frequently choose swimming pools and beaches for their physical activities, and as a result, swimwear usage among participants increases. Swimwear sales are increased by the widespread use of swimwear on beaches in various parts of the region. Due to the area's popularity as a tourist attraction, consumers visit beaches and swimming pools while wearing swimwear. For instance, there are 10,000 beaches in Australia that accept tourists in swimwear.
Swim goggles and swim caps are two vital swimwear items that are always in demand since they protect the hair, ears, and eyes. To prevent potential hair loss from chlorine exposure and to protect ears from water infiltration, swim caps are worn while swimming. On the other hand, swim goggles tend to provide clear vision when swimming and tend to protect the eyes from exposure to dangerous compounds present in water, which is why these goods are continuously in demand. Owing to the demand for these products, manufacturers in the market are focusing on developing smart and innovative products to facilitate the consumers to participate in swimming with comfort. For instance, in 2022, the Holoswim company launched its new next-generation AR smart swim goggles in China. The new "Holoswim 2" detects the live metric of all stroke types and displays real-time data on the goggles. These products are targeted toward a variety of consumers, from professionals to hobbyists.
Due to the COVID-19 pandemic, the demand for swimwear declined with the temporary closures of public pools and tourist places like beaches where swimwear is commonly worn. The demand for swimwear significantly increased post-lockdown, with frequent pool visits and the movement of tourists across the region.
APAC Swimwear Industry Segmentation
Swimwear is an outfit worn along with accessories while performing swimming. The outfit allows the consumer to swim with ease and comfort. The Asia-Pacific swimwear market (henceforth referred to as the market studied) is segmented by product type, distribution channel, and geography. By product type, the market is segmented into women's swimwear, men's swimwear, goggles, and caps. Based on the distribution channel, the market studied is segmented into offline stores and online stores. By geography, it is segmented into China, India, Japan, Australia, and the rest of Asia-Pacific. For each segment, the market sizing and forecasts have been done based on value (in USD million).
By Product Type | |
Women's Swimwear | |
Men's Swimwear | |
Goggles | |
Swim Caps |
By Distribution Channel | |
Offline Stores | |
Online Stores |
By Geography | |
China | |
India | |
Japan | |
Australia | |
Rest of Asia-Pacific |
Asia Pacific Swimwear Market Size Summary
The Asia-Pacific swimwear market is experiencing a steady growth trajectory, driven by the increasing popularity of swimming as a recreational activity and the region's appeal as a tourist destination. The demand for swimwear is bolstered by the frequent visits to beaches and swimming pools, which are common leisure activities in the region. The market is characterized by a diverse range of products, including swim goggles and caps, which are essential for protecting swimmers from chlorine and water exposure. Innovations in swimwear technology, such as smart swim goggles, are also gaining traction, catering to both professional and amateur swimmers. The post-pandemic recovery has further fueled demand, as public pools and tourist spots reopened, encouraging more people to engage in swimming activities.
The market is notably fragmented, with numerous local and international brands competing to capture consumer interest. Women's swimwear, in particular, is witnessing a surge in demand due to increased disposable incomes and a growing interest in water sports and travel. This has led to the introduction of new collections and sustainable swimwear options, appealing to environmentally conscious consumers. The presence of organized swimming pools and strict swimwear regulations in urban areas, away from coastal regions, is also contributing to market growth. Major players like Adidas, Nike, PUMA, and Speedo are actively expanding their product offerings and geographical reach to capitalize on the burgeoning market opportunities in the Asia-Pacific region.
Asia Pacific Swimwear Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Women's Swimwear
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2.1.2 Men's Swimwear
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2.1.3 Goggles
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2.1.4 Swim Caps
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2.2 By Distribution Channel
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2.2.1 Offline Stores
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2.2.2 Online Stores
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2.3 By Geography
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 Australia
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2.3.5 Rest of Asia-Pacific
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Asia Pacific Swimwear Market Size FAQs
What is the current Asia Pacific Swimwear Market size?
The Asia Pacific Swimwear Market is projected to register a CAGR of 4.60% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Swimwear Market?
Adidas AG, Nike Inc, PUMA SE, Speedo International and Strauss Sport are the major companies operating in the Asia Pacific Swimwear Market.