The global men’s swimwear market size
is expected to reach USD 6.29 billion by 2025 registering a CAGR of 6.4%,
according to a new report by Grand View Research, Inc. 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.
To request a sample copy
or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/mens-swimwear-market
https://www.grandviewresearch.com/industry-analysis/mens-swimwear-market
Further key findings from the study suggest:
· Polyester fabric segment accounted for the
largest revenue share of the global market in 2018 due to high product demand
· The segment is projected to expand further
at the fastest CAGR and maintain its leading position throughout the forecast
years
· Asia Pacific was the dominant regional
men’s swimwear market in 2018 and is estimated to witness the fastest CAGR from
2019 to 2025
· Key industry participants include Calvin
Klein, Jack WillsMale-HQ, Mr Porter, Helly Hansen, Topman, Everlane, MR.G'S
Designs, Marcuse, and Faherty Brand
· Companies are focusing on new product
development to estimate the existing and future demand patterns
· For instance, in May 2019, France-based
DEBAYN launched swim shorts with classic fit and adjustable side fasteners. The
product comprises 4-way stretch polyamide fabrics, which provides optimum
comfort in water sports and sailing.
Grand View Research has segmented the global
men’s swimwear market on the basis of fabric, distribution channel, and region:
Men’s Swimwear Fabric Outlook (Revenue, USD
Million, 2015 - 2025)
·
Nylon
·
Polyester
·
Spandex
·
Others
Men’s Swimwear Distribution Channel Outlook
(Revenue, USD Million, 2015 - 2025)
·
Online
·
Offline
Men’s Swimwear Regional Outlook (Revenue,
USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com
