Grand View
Research.com has announced the addition of "Wetsuits Market Analysis and
Segment Forecasts To 2022" Market Research report to their Database.
The global
wetsuits market USD 1.18 billion by 2022, according to a new report by Grand
View Research, Inc. size is expected to reach
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.
Browse full
research report on Global Wetsuits Market:
http://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.
Read
detailed report or request for sample of this research report:
http://www.grandviewresearch.com/industry-analysis/wetsuits-market/request
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 MillionComputer Technology Articles, 2012 –
2022)
North America
Europe
Asia Pacific
Latin America
MEA
Browse more
reports of this category by Grand View Research:
http://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
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