According to IMARC Group latest report titled” Wetsuit Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The global wetsuit market size to exhibit moderate growth during the next five years. A wetsuit is a close-fitted rubber garment worn by divers, swimmers, canoeists, and individuals who engage in water sports and activities. It is made using foamed neoprene bubbles, which offer abrasion resistance, thermal insulation, and buoyancy to the user. It protects against cuts and bruises from rocky reefs and assists in maintaining the body heat and avoiding the condition of hypothermia underwater. It is currently available in a wide range of styles like hooded and sleeveless variants.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Market Trends:

The rising participation of individuals in water-based sports activities, along with the development of inland surfing grounds, represents one of the key factors impelling the growth of the market. Additionally, the increasing utilization of novel technologies in generating artificial waves and wave parks are positively influencing the sales of wetsuits across the globe. Furthermore, due to rising environmental concerns, several manufacturers are focusing on creating eco-friendly wetsuits. These wetsuits are made using natural rubber and water-based glue as a substitute for neoprene. Apart from this, the implementation of favorable government policies to promote health management via diving activities is anticipated to fuel the market growth.

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Competitive Landscape with Key players:

The report has also analysed the competitive landscape of the market with some of the key players being.

• 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.

Market Breakup by Product Type:

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

Market Breakup by Thickness:

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

Market Breakup by End-User:

• Male
• Female
• Kids

Market Breakup by Application:

• Surfing
• Scuba Diving
• Triathlon
• Others

Market Breakup by Distribution Channel:

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

Market 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 (2015-2020)
• Market Outlook (2021- 2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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