Technavio has been monitoring the swimwear market and it is poised to grow by $ 1.56 bn during 2020-2024, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Swimwear Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
What are the major trends in the market?
The rise in the number of swimming pools is a major trend driving the growth of the. market
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at -15.37% and the incremental growth of the market is anticipated to be $ 1.56 bn.
Who are the top players in the market?
Arena Spa, Chantelle Group, Gildan Activewear Inc., LVMH Moet Hennessy – Louis Vuitton, Perry Ellis International Inc., PVH Corp., Seafolly Holdings Pty. Ltd., SUNSETS Inc., Tapestry Inc., and Wacoal Holdings Corp., are some of the major market participants.
What is the key market driver?
The increasing demand for long-sleeve swimsuits is one of the major factors driving the market.
How big is the APAC market?
The APAC region will contribute 39% of the market share.
The market is fragmented, and the degree of