The global Wetsuit market size is expected to reach USD 3.09 billion by 2030 according to a new study by Polaris Market Research. The report “Wetsuit Market Share, Size, Trends, Industry Analysis Report, By End-Use (Male, Female, Kids); By Application (Surfing, Scuba Diving, Triathlon, Others); By Product; By Thickness; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The primary drivers driving the market’s growth are rising participation in water-based sports and the development of inland surfing grounds. The increasing popularity of water sports in emerging countries such as Japan will offer immense growth opportunities for the industry. In August 2021, the Japan Coast Guard recently launched a website dedicated to greater safety knowledge when participating in water sports. In 2020, 419 of the 1,172 accidents were vessels with motor or other technical breakdowns, the majority of which the coast guard believes might have been avoided with adequate periodic inspections.
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Furthermore, at the Tokyo Olympics, Japan showcased its water polo style. In the men’s water polo tournament at the Tokyo Olympics, big, huge destroyers play similarly. With an energetic, pressing defense and no gigantic center in the center, the host country is zigzagging like the rest of the world. Japan swims more than any other team in the competition with the hopes of causing outbreaks while wearing down its opponent.
Following Japanese competitors’ success in the Tokyo Olympics, the Japan Sports Agency has planned to construct national training centers (NTCs) for skateboarding, sport climbing, surfing, and BMX freestyle park. As a result of this, the industry is benefiting from the growing popularity of water activities in Japan.
Based on the end-use, the female segment accounted for the leading share in the global market. Wetsuit demand is predicted to rise as the number of women participating in water sports increases. Because of the growing number of women who participate in water sports, there has been a considerable growth in demand for plus-size wetsuits.
Market players such as Quiksilver, O’Neill, Rip Curl, Helly Hansen, Typhoon, Isurus, Patagonia, and Hyperflex Wetsuits are key players operating in the global market. In April 2021, Aqualung, the world’s premier designer and manufacturer of dive and water sports equipment, introduced its all-new XSCAPE range.
Polaris Market Research has segmented the wetsuit market report based on product, thickness, end-use, application, and region:
Wetsuit, Product Outlook (Revenue – USD Billion, 2018 – 2030)
Wetsuit, Thickness Outlook (Revenue – USD Billion, 2018 – 2030)
- > 5mm
Wetsuit, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Scuba Diving
Wetsuit, End-Use Outlook (Revenue – USD Billion, 2018 – 2030)
Wetsuit, Regional Outlook (Revenue – USD Billion, 2018 – 2030)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa