The global wetsuit market is estimated to gain traction due to increasing awareness about water sports worldwide. Wetsuits are made using closed-cell neoprene with large uniform bubbles. The neoprene used for wetsuits is lined with fabric and sprays for addition of strength and color. The thickness of wetsuit ranges between 1 mm to 9 mm, with 3 mm used for warm water, 5 mm for temperate water and 7 mm for cold water. Wetsuits are made from multiple layers to trap and reflect heat. Some wetsuits are also lined with titanium or copper for reflection of body heat back inside. Wetsuits are worn underwater to protect the body from the cooling effect of water and cuts & scrapes. Upon wearing a wetsuit, the body rapidly heats the thin layer of water that gets in while providing insulation from the cool surrounding water. Wetsuits are used for water sports activities such as scuba diving, and surfing.
There has been a growing demand for water sports and adventure activities which drives the growth of the market. The rise in disposable income and improving living standards encourage consumers to take part in adventure activities, supporting the growth of the market. The significant growth in demand for activities such as scuba diving, and surfing has increased the adoption of wetsuits worldwide. The significant increase in the number of women participating in water sports, growth of e-commerce platforms, and improving living standards are other factors supporting the growth of the market. Supportive initiatives from governments and private organizations to promote water activities have accelerated the adoption of wetsuits across the globe.
However, increasing adoption of dry suits, and seasonality of water sports activities hampers the global wetsuit market.
The global Wetsuit market is segmented on the basis of application, type, and geography.
Geographically, the global Wetsuit market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
On the basis of geography, North America is expected to dominate the global wetsuit market over forecast period. The increasing population, and growing demand for water sports drive the growth of this market. Increasing initiatives by governments and private organizations to support surfing and diving activities are expected to boost the adoption of wetsuits. Technological advancements in artificial waves and development of wave parks further increase the adoption of wetsuit market in the region. Asia-Pacific is expected to grow at the highest growth during the forecast period owing to growing preference of consumers towards surfing and diving activities, and increasing disposable income in countries such as China, Japan, and India among others.