Wetsuits Market Expanding At USD 1.18 Billion By 2022


 San Francisco, 11 Dec 2022: The Report Wetsuits Market Analysis By Product (Wind Sports, Surfing, Scuba Diving, Triathlon) And Segment Forecasts To 2022

The global wetsuits market size is expected to reach USD 1.18 billion by 2022, according to a new report by Grand View Research, Inc. Wetsuit refers to a garment typically prepared from foamed neoprene, which is worn by sailors, divers, surfers, and other individuals engaged in water sports, providing buoyancy, abrasion resistance, and thermal insulation. Various applications of wetsuits include water sports activities such as whitewater rafting, surfing, sailing, diving, and sea rescue operations.

The growth prospects for this market are bullish due to increase in water sports and recreational activities such as surfing, diving, and water skiing. Developing economies have been experiencing a rise in life expectancy. People with better standards of living are more prone to stay active longer and invest in premium quality sports goods.

The rise in the number of women participating actively in water sports has led to a significant increase in the wetsuits demand across the globe. The number of female surf participants across coastal regions has increased considerably over the past few years. Rise in e-commerce, growing demand for women wetsuits, and increased disposable income are projected to drive wetsuits market over the forecast period.

However, increased adoption of dry suits over wet suits owing to benefits such as warmth, safety, added weight, cost of ownership, and versatility in application is presumed to challenge the industry growth.

Access Research Report of Wetsuits Market @ https://www.grandviewresearch.com/industry-analysis/wetsuits-market

Further key findings from the report suggest:

  • Scuba diving accounted for over 30% of the overall market share in 2014 and is poised for considerable growth over the next seven years. Usage in scuba diving application offers waterproof apparels with properties such as breathability and thermal padding.
  • Surfing application accounted for close to 50% of the overall market share in 2014, and is expected to trigger consistent demand over the forecast period. The surfing industry has grown around the coastline over the past few years. New age development of wave parks and artificial waves, owing to proliferation of technology, is expected to provide significant opportunities for industry growth.
  • Projected to grow at an estimated CAGR of over 4% from 2015 to 2022, scuba diving application is expected to witness healthy growth. Use of wetsuits in scuba diving provides exposure protection, not only against water’s temperature, but also to objects that can scrape, cut or string.
  • Asia Pacific regional market is poised for high growth throughout the forecast period. It accounted for close to 20% of the overall market share in 2014. Increasing wages in the region have boosted surfing industry revenues as people have enough disposable income to pursue leisurely activities leading to proliferation of wetsuits.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies

Grand View Research has segmented the global wetsuits market on the basis of product, and region:

Wetsuits Product Outlook (Revenue, USD Million, 2012 - 2022)

  • Wind sports
  • Surfing
  • Scuba diving
  • Triathlon

Wetsuits Regional Outlook (Revenue, USD Million, 2012 - 2022)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA 

Access Press Release of Wetsuits Market @ https://www.grandviewresearch.com/press-release/global-wetsuits-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

Comments

Post a Comment

Popular posts from this blog

Asia Pacific PoC Diagnostics Market Growth Opportunities, Industry Analysis And Forecast: Grand View Research Inc.

Image
San Francisco, 18 March 2020 :  The Report   Asia Pacific PoC Diagnostics Market  Analysis And Segment Forecasts To 2020 The Asia Pacific point of care (PoC) diagnostics market is expected to reach USD 5,427.1 million by 2020, according to a new study by Grand View Research, Inc. Growing base of geriatric population and the ability to render immediate results and improve patient care coupled with rising market penetration of PACS (picture archiving and communication systems) and EMR (electronic medical records) are expected to drive demand over the next six years. Skilled staff shortages, especially pertaining to the field of diagnostics are also expected to accelerate the market penetration rates of PoC products, by expediting lab automation processes. Rising demand for home healthcare and other healthcare establishments catering to the elderly population and initiatives undertaken by governments to shorten hospital stays by establishing out-patient care models are also expect
Read more

Biomaterials Market Size Poised To Reach USD 348.4 Billion By 2027

Image
  San Francisco, 15 Dec 2020:   The Report  Biomaterials Market  Size, Share & Trends Analysis Report By Product (Natural, Metallic, Polymer), By Application (Cardiovascular, Orthopedics, Plastic Surgery), By Region, And Segment Forecasts, 2020 - 2027 The global biomaterials market size is expected to reach USD 348.4 billion by 2027, registering a CAGR of 15.9% over the forecast period, according to a new report by Grand View Research, Inc. The application of biomaterials represents a fast-growing field in biomedical research. Recent advances in the improvement of bioactivity, compatibility, and mechanical properties of biomaterials have introduced new opportunities for their application in tissue engineering, immune engineering, and drug delivery systems. Biocompatibility, low toxicity, and renewable nature of polymeric biomaterials make them potent drug delivery agents in controlled and targeted drug delivery, thus providing lucrative opportunities for the market growth. The adve
Read more

Latin America Nutrition & Dietary Supplements Market Expected To Grow At A CAGR 8.8% For The Forecast Period From 2017 To 2025 : Grand View Research Inc.

San Francisco, 20 May 2019:  The Report  Latin America Nutrition & Dietary Supplements Market  Size, Share & Trends Analysis Report By Formulation, By Function (Medical Foods, Sports Nutrition), By Consumer, By Country, And Segment Forecasts, 2018 – 2025 The Latin America Nutrition & Dietary Supplements Market size is expected to reach USD 47.5 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 8.8% over the forecast period. Growing expenditure on nutrition and dietary supplements, disposable income, and consumer awareness are some of the key market drivers. Changing regulatory framework to ensure drug safety in Latin American countries such as Mexico and Argentina is also expected to positively impact market growth in the forthcoming years. Growing demand for nutrition and dietary supplements among geriatric population is also one of the considerable market drivers. Nutrition plays a vital role in maintain
Read more