Global Wetsuit Market Is Thriving Worldwide with Patagonia and Yulex, Xcel | Analysis and Forecast till 2028

Rockville, US, 2018-Jul-11 — /EPR Network/ — Rise in surfing activities coupled with stringent regulations regarding use of surfing equipment and gear laid by the Occupational Safety and Health Administration (OSHA) has steered the adoption of wetsuits giving its growth a bullish angle. Additionally, recreational surfers who illustrate intermittent participation are also adopting wetsuits, which as a consequence is supporting the demand side of the wetsuit market by increasing sale of wetsuits to a certain extent. Furthermore, wetsuits provide several diving benefits such as enhanced buoyancy, thermal insulation and diving comfort and convenience to the user.

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A new research report by Fact.MR reveals the growth path and projections of global wetsuit market along with key analysis on various growth determinants influencing wetsuit adoption. That said, the report foretells that the global wetsuit market is projected to expand at a steady rate with respect to volume throughout the period of assessment, 2018-2028. New technological advancements in wetsuit manufacturing technology coupled with upcoming trend of eco-friendly products is likely to have a profound effect on the adoption of wetsuit worldwide, consequently influencing the global wetsuit market growth during the period of forecast.

Wetsuit Market: Recreational Water Activities Raising Wetsuit Demand

People participation in recreational water activities is expected to have a definitive influence on the adoption of various wetsuits types, particularly tops and bottoms. With growing participation in recreational water sports, demand for wetsuits is likely to surge, in turn fuelling the growth of the global wetsuit market during the period of assessment. Being a key growth determinant, this factor is expected to pave potential growth pathways for wetsuits across various regions in the globe. According to National Marine Manufacturer’s Association (NMMA), more than 140 million individuals, including men and women from United States alone participated in recreational water sports including surfing and deep sea diving. 2018 and the forthcoming years are anticipated to witness increased participation in underwater diving, predicts NMMA. This has significantly fuelled the use of tops and bottom wetsuits among amateurs, professionals and enthusiasts alike, which is expected to further push the growth of the global wetsuit market during the forecast period.

Wetsuit Market: New Developments to Foster Wetsuit Adoption

Companies involved in manufacturing of wetsuits have been focusing on developing novel products with a view to gain edge over the existing competition in the global wetsuit market. Understanding key challenges of divers, they have developed novel wetsuit products to enhance customer convenience and confidence. For instance, wetsuit manufacturers have developed anti-shark wetsuits that provide safety to the diver. Shark Attack Mitigation System (SAMS) – patented technology for apparel used under water – has been fabricated to prevent or reduce the chances of shark attacks.

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Table of Contents:

  1. Global Wetsuits Market – Executive Summary
  2. Global Wetsuits Market Outlook Overview
    2.1. Introduction
    2.2. Market Definition
    2.3. Scope of Report
    2.4. Wetsuits: Penetration by Sports
    2.5. Mega Trends
  3. Market Dynamics
    3.1. Key Growth Drivers
    3.2. Market Challenges
    3.3. Industry Trends
    3.4. Wetsuits Market Growth opportunities
    3.5. Wheel of Fortune
  4. Associated Industry and Key Indicator Assessment
    4.1. Supply Chain
    4.2. Investment Feasibility Matrix
    4.3. Porter’s Five Forces Analysis
    4.4. PEST Analysis
    4.5. Cost Structure Analysis
    4.6. Forecast Scenario
    4.7. Global Wetsuit Market – Price Point Analysis
    4.7.1. Price Point Assessment by Product type, 2017
    4.8. Wetsuit & Accessories Selection Criteria
    4.9. Wetsuit Temperature Chart
  5. Global Wetsuits Market Analysis (2013-2017) and Forecast (2018-2028)
    5.1. Global Wetsuits Market Outlook
    5.1.1. Global Market Volume (‘000 Units) Forecast and Analysis
    5.1.2. Regional Demand Assessment
    5.1.2.1. Market Volume Share by Region
    5.2. Global Wetsuits Market Revenue Analysis by Product Type, 2018-2028
    5.2.1. Full Suits
    5.2.2. Spring Suits
    5.2.3. Tops
    5.2.4. Bottoms
    5.2.5. Rashguards
    5.2.6. Y-o-Y growth Comparison by Product Type, 2014-2028
    5.2.7. Market Attractiveness by Product Type
    5.3. Global Squash Rackets Market Analysis by Thickness, 2018-2028
    5.3.1. 1 mm – 2 mm
    5.3.2. 2 mm – 3 mm
    5.3.3. 3 mm – 4 mm

Continued……….

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