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Wetsuits Market Size & Growth, 2018 | Industry Report

Wetsuits Industry 2018 Market Research Report

Report ID: MN17613702  |  Published: July 2016  |  No of Pages: 110
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: QY Research

Global wetsuits market is segmented on the basis of product, end users, distribution channel, and geography. Wetsuits are worn by deep-sea divers, windsurfers, canoeists, surfers, triathletes, and others involved in water and wind-related sports activities; as water sports need waterproof clothes with peculiarities like thermal padding and breathability.  A wetsuit is manufactured using foamed neoprene that provides thermal buoyancy, insulation, and abrasion resistance. Wetsuits insulation depends on the bubbles of gas enclosed within the material of the wetsuit. This decreases their capacity to conduct heat. The bubbles of gas also provide buoyancy in water and maintain low density.

Different applications of wetsuits contain water sports activities such as surfing, whitewater rafting, sailing, and diving and sea rescue operations. The growth forecasts for the wetsuits market are bullish due to rise in water sports and recreational activities like diving, surfing, and water skiing.  The increase in number of women participating actively in water sports has led to a major growth in the wetsuits market across the globe. The number of female surf participants across seaside regions has increased over the past few years. Increase in e-commerce, growing demand for women wetsuits, and increased disposable income is expected to drive wetsuits market in future.

Based on product, wetsuits market is segmented into convertible wetsuits, full wetsuits, sleeveless wetsuits, shorty or spring wetsuits, wind sports, surfing, scuba diving, triathlon, wetsuit tops, wetsuit vests, wetsuit jackets, rash guards, and so on. The segment “surfing” is expected to hold the largest market share in the wetsuits in the next couple of years. “Full wetsuits” provide protection to the whole body and they are best suited for cold water surfers; whereas “sleeveless wetsuits” do not provide full protection to the body and they are best suited for warm water surfing.

Full wetsuits allow individuals to stay in poor weather conditions for long. Some wetsuits come with attached hoods as well. “Wetsuit tops” are designed to cover the diver till the upper waist. These tops can have long sleeves or short sleeves. “Wetsuit vests” are similar to wetsuit tops with the only difference that the former category offers better thickness.  Based on end users, wetsuits market is segmented into men, women, and kids. Based on distribution channel, wetsuits market is segmented into fashion retailers, surf shops, general purpose sporting goods stores, company owned stores, online stores, and so on. Based on geography, wetsuits market is segmented into Asia Pacific, Latin America, Europe, North America, and Middle East & Africa.

North America is expected to dominate the wetsuits market and account for the largest share in the upcoming years. Asia Pacific is expected to be a profitable region for the wetsuits market. The growth of wetsuits clothes in this region is attributed to increasing inclination towards water and wind based sports activities and events associated with them. Also, India and China are expected to give impetus to wetsuits due to favorable government initiatives encouraging water based sports.

Key players operating in the wetsuits market are O'Neill, Quiksilver Inc., Billabong, Rip Curl, Body Glove, Caraspace Wetsuits, Aqua Lung, GUL, Hurley, Shieco Group, Patagonia, Cressi, Osprey, Scubapro, Mares, Arena Italia SPA, Billabong, Pittasoft, Poseidon, Typhoon, Body Glove, Glidz Wetsuits, TWF, Spartan, C-Skins, TUSA and Saekodive.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, revenue (million USD), market share and growth rate of Wetsuits in these regions, from 2013 to 2025 (forecast), covering
• North America
• Europe
• China
• Japan
• Southeast Asia
• India

Global Wetsuits market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• O'Neill
• Quiksilver
• Billabong
• Rip Curl
• Body Glove
• Aqua Lung
• Hurley
• Patagonia
• Cressi
• Osprey
• Scubapro
• Mares
• Poseidon
• Typhoon
• C-Skins
• Spartan
• Saekodive

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Hooded Wetsuits
• Full Wetsuits
• Convertible Wetsuits
• Sleeveless Wetsuits
• Shorty or Spring Wetsuits
• Others

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, (sales), market share and growth rate for each application, including
• Men
• Women
• Kids

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