Men’s Swimwear Market Growth & Trends
The global men’s Swimwear market size is anticipated to reach USD 7.78 billion by 2030, registering a CAGR of 6.8% from 2024 to 2030. Major factor contributing to the market growth includes product innovation as a result of rising demand for fashionable sports apparels. For instance, in 2017, McCartney formed a partnership with ISA Spa to increase the portfolio of their men’s swimwear collection and related products, such as boxers, beach bags, briefs, t-shirts, and towels.
Polyester-based swimwear apparels have the highest demand as they possess excellent strength and UV resistant properties. Furthermore, these products have excellent durability as well as quick drying characteristics. Increasing consumer awareness about advanced fabrics is expected to boost the demand for such products, thereby augmenting market growth. Online distribution channel is expected to be the fastest-growing segment channel over the forecast period.
Rising penetration of e-commerce websites, such as Myntra and Amazon, which offer a wide range of products at discounted prices and Cash-On-Delivery (COD) services is expected to have a positive impact on the segment growth. Asia Pacific led the global market in 2018 and is projected to expand at the highest CAGR from 2019 to 2025. Changing consumer behavior and growing disposable income levels in developing countries, such as China and India, are the key factors driving the regional market.
Men’s Swimwear Market Report Highlights
- The polyester segment held the largest market revenue share of 35.1% in 2023. Attributing to its durability and resistance to wear and tear.
- The spandex segment is expected to grow at a significant CAGR over the forecast period. Spandex, known for its superior elasticity and strength, allows for a snug fit that enhances comfort and flexibility during swimming and other water activities.
- The offline segment dominated the market with the largest market revenue share in 2023. Offline retail offers customers the opportunity to physically touch and try on products, which is necessary for items like swimwear, where fit and comfort are important.
- The online segment is expected to grow at a significant CAGR during the forecast period.
- Asia Pacific held the largest market revenue share of 43.44% in 2023. Changing lifestyles and increasing disposable incomes have increased participation in leisure activities such as swimming and beach vacations.
- Latin America is anticipated to witness the fastest growth over the forecast period. Latin America's growing trend towards health and fitness has increased participation in water sports and recreational activities such as swimming and beach-going.
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Men’s Swimwear Market Variables, Trends, & Scope
Chapter 4. Men’s Swimwear Market: Fabric Estimates & Trend Analysis
Chapter 5. Men’s Swimwear Market: Distribution Channel Estimates & Trend Analysis
Chapter 6. Men’s Swimwear Market: Regional Estimates & Trend Analysis
Chapter 7. Competitive Landscape
Companies Mentioned
- Jack Wills
- MR.G'S Designs
- Male-HQ
- Mr Porter
- Marcuse
- Calvin Klein
- Topman
- Helly Hansen
- Everlane
- Faherty Brand
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | August 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 4.97 Billion |
| Forecasted Market Value ( USD | $ 7.78 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
