Kids Swimwear Market Segmentation and Growth In Recent Years

The Global Children’s Swimwear Market Report 2023 by The Business Research Company describes and explains the Children’s Swimwear market and covers the years 2017-2022 which is referred to as the historical period and 2022-2027 which is referred to as the forecast period and further forecasts for the Period 2027-2032. The report provides information on the market size, market trends, strategies and opportunities for the seven regions and major players in the market

LONDON, March 13, 2023 /PRNewswire/ — According to The Business Research Company’s 2023 Kids Swimwear Global Market Report, the global swimwear market grew by $21.1 billion in 2022 To $22.6 billion in 2023 at a compound annual growth rate (CAGR) of more than 6%. Furthermore, the size of the swimwear market is expected to continue to grow then $28.8 billion in 2027 at a CAGR of more than 6%.

The increasing popularity of sporting activities, especially for health reasons and the growing number of international water sports events, urging consumers to participate in water sports and leisure activities. Participation in outdoor swimming can be seen across the UK, according to a study published in the Trends in Outdoor Swimming Report increased by 1.5 and 3 times between 2019 and 2020. This is one of the biggest drivers for the growth of the global children’s swimwear market.

Take a look at a sample of the Children’s Swimwear Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=6077&type=smp

The global swimwear market is segmented –

1. By type: women’s swimwear, men’s swimwear, goggles and swim caps
2. By fabric type: nylon, polyester, spandex, other types of fabric
3. By end users: men, women, children
4. By sales channel: online stores, offline stores

The greatest growth in these segments are in the North American children’s swimwear market. The online market is expected to die the fastest growing segment for the future.

The global children’s swimwear market is fragmented with a large number of small players. The top ten competitors in the market accounted for up to 2.3% of the total market in 2021. PVH Corp. was the largest competitor with a 0.71% market share, followed by H&M, Nike Inc, Ralph Lauren Corporation, Quiksilver Inc., O’Neill, Inc., Monsoon Accessorize, Boden, John Lewis and Arena Italia SpA

The business strategies of large companies in the children’s swimwear market include expanding manufacturing capacities in different countries and regions and expanding product offerings through strategic acquisitions.

An example of these strategies can be seen in H&M’s growth strategy. In May 2022, H&M launched its new matching swimwear for the whole family consisting of trunks, one-piece suits, bucket hats, bikinis and sunglasses for kids, babies, men and women. The new collection is made from recycled fibers and offers more sustainable options.

Read more about Kids Swimwear Market Report here: https://www.thebusinessresearchcompany.com/report/swimwear-global-market-report

The Swimwear Market research report is one of a series of new reports from The Business Research Company providing Swimwear market statistics including Swimwear market size, regional shares, detailed Swimwear market segments, market trends and opportunities, and any other data you might need to order to be successful in the market. This Swimwear Market research report provides a complete overview of everything you need with in-depth analysis of the current and future scenario of the industry.

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