The Global Wetsuit Market is Predict to reach USD 1.9 Billion by 2030, at a CAGR of 5.9%

Wetsuit Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Wetsuit Market size is expected to reach $1.9 Billion by 2030, rising at a market growth of 5.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 7,312.7 thousand units, experiencing a growth of 5.6% (2019-2022).

The Offline segment is leading the Global Wetsuit Market by Distribution Channel in 2022, thereby, achieving a market value of $1.2 Billion by 2030. Physical stores allow customers to feel the material, check for the right fit, and receive personalized guidance from knowledgeable staff. An improvement in the in-store experience, such as better customer service or more extensive product selections, can uplift the offline segment. A wide range of wetsuit styles, sizes, and brands in physical stores can attract customers who value choice and want to compare different options before buying.

The Wind Sports segment is experiencing a CAGR of 6.1% during (2023 - 2030). Wetsuits enhance the surfing experience for seasonal surfers and make the sport more accessible to the global population. As they provide warmth to the surfer, they are utilized year-round for surfing. Over the projection period, it is predicted that there will be significant development opportunities due to the lifesaving potential of surfing wetsuits, a benefit that extends far beyond physical comfort. The growing demand for wetsuits tailored specifically for wind sports has been fueled by the rise in adventure tourism, the expansion of enthusiasts, and the growing interest in outdoor activities.

The North America region dominated the Global Wetsuit Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $780.1 Million by 2030. The Europe region would register a CAGR of 5.5% during (2023 - 2030). Additionally, The Asia Pacific region would showcase to witness a CAGR of 6.9% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/wetsuit-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Arena S.p.A, Aqua Lung, TYR Sport, Inc., Body Glove, Buell Wetsuits & Surf, Boardriders, Inc., The Helly Hansen Group, Hyperflex Wetsuits, Isurus, Inc., JMJ Manufacture, Inc.

Global Wetsuit Market Segmentation

By Distribution Channel (Volume, Thousand Unit, USD Million, 2019-2030)

• Offline
• Online

By Product (Volume, Thousand Unit, USD Million, 2019-2030)

• Surfing
• Scuba Diving
• Triathlon
• Wind Sports

By Geography (Volume, Thousand Units, USD Billion, 2019 to 2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Arena S.p.A
• Aqua Lung
• TYR Sport, Inc.
• Body Glove
• Buell Wetsuits & Surf
• Boardriders, Inc.
• The Helly Hansen Group
• Hyperflex Wetsuits
• Isurus, Inc.
• JMJ Manufacture, Inc.

Related Reports:

North America Wetsuit Market Size, Share & Trend to 2023-2030

• October-2023
• 94 Pages

LAMEA Wetsuit Market Size & Industry Trends Report to 2030

• October-2023
• 106 Pages

Europe Wetsuit Market Size, Trends & Growth to 2023-2030

• October-2023
• 106 Pages

Asia Pacific Wetsuit Market Size, Share & Forecast by 2030

• October-2023
• 107 Pages