Wetsuit Market Report, Size, Share, Growth, Trends, Demand and Forecast 2023-2028

According to the latest report by IMARC Group, titled “Wetsuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on wetsuit market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global wetsuit market size reached US$ 1,293 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,793 Million by 2028, exhibiting a growth rate (CAGR) of 5.7% during 2023-2028.

Wetsuits refer to the garments typically worn by swimmers, canoeists, divers, and individuals engaging in water sports and activities. They are generally made from foamed neoprene bubbles that offer thermal insulation, buoyancy, and abrasion resistance to the wearers. Widely available in various styles and thicknesses, such as hooded, sleeveless, convertible, etc., their use aids in protecting the wearers against jellyfish stings, cuts, and bruises from rocky reefs. In addition, wetsuits also provide insulation to the users by assisting them in retaining their body heat and ensuring that the individuals do not develop a severe condition named hypothermia, which is indicated by extremely low body temperatures. As a result, these garments are extensively available across sport variety stores, third-party online channels, franchised stores, and modern trade channels.

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Market Trends:

The increasing participation of individuals in water-based sports activities and the development of inland surfing grounds are among the primary factors driving the wetsuit market. Besides this, the introduction of novel technologies in the creation of artificial waves and wave parks and the rising focus of the leading manufacturers on creating eco-friendly products using materials, such as natural rubber and water-based glue, as a substitute for neoprene are further augmenting the market growth.

Moreover, the growing popularity of shark repellant wetsuits that consist of Shark Attack Mitigation System (SAMS), which camouflages the diver using disruptive coloration technique and portrays him/her as a possible threat to the carnivore, is also catalyzing the global market. Apart from this, the launch of several policies by the government bodies to promote health management through surfing and diving activities is expected to bolster the wetsuit market in the coming years. 

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• O’Neill
• Billabong
• Rip Curl
• Body Glove
• Quiksilver
• Helly Hansen
• Boz Wetsuits
• Arena Italia SPA
• Hurley
• Patagonia
• Hyperflex Wetsuits
• Speedo
• GUL
• Typhoon
• Isurus

Wetsuit Market Segmentation:

Our report has categorized the market based on region, product type, thickness, end-user and application.

Breakup by Product Type:

• Hooded Wetsuits
• Full Wetsuits
• Convertible Wetsuits
• Sleeveless Wetsuits
• Shortly/Spring Wetsuits
• Others

Breakup by Thickness:

• 1mm-2mm
• 2mm-3mm
• 3mm-4mm
• 4mm-5mm
  • 5mm

Breakup by End-User:

• Male
• Female
• Kids

Breakup by Application:

• Surfing
• Scuba Diving
• Triathlon
• Others

Breakup by Distribution Channel:

• Sport Variety Stores
• Third Party Online Channels
• Direct to Customer Channels
• Franchised Stores
• Modern Trade Channels

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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