Global outbreak, many swimming pools have been forced to close to minimize the spread of the virus. Several swimming shows around the world have also been cancelled. These shows often serve as platforms for brands to showcase their swimwear collections. In June 2020, for example, 11 trade shows and fashion shows that were scheduled to take place during Miami Swim Week in July were officially canceled. SwimShow, Cabana, Paraiso and Destination Miami, as well as smaller production teams, have all announced the cancellation of July events. Pre-covid-19 trends are likely to pick up, with direct-to-consumer e-commerce such as branded websites, shoppable social media platforms and marketplaces becoming increasingly important. Across the market, demand for swimwear products is expected to increase as trends such as "revenge travel" are observed. Swimwear Manufacturer
As fashion trends change, key factors such as fabric design, trend and comfort play an important role in driving the market. In addition, manufacturers and designers pay attention to the comfort of swimwear because it has a big impact on consumers' purchasing decisions. The popularity of value-added features such as fashionable prints and convenient tailoring is further driving market growth.
The swimwear market is expected to see high sales in the coming years due to the rise of product innovations and advanced technologies, such as the development of fabrics that incorporate neoprene fibres to increase their elasticity and efficacy.
In addition, the market growth is being driven by intensive promotional campaigns and campaigns by manufacturers to enhance brand image. Key participants witnessed an increase in sales of branded women's swimwear during the study period due to increased online shopping and availability of high-end premium swimwear.
Estimated at $19.5 billion in 2020, the global swimwear and beachwear market is projected to reach a revised size of $27.6 billion by 2027, growing at a CAGR of 5.1% during the 2020 analysis period -- 2027. Polyester, one of the market segments analyzed in the report, is expected to grow at a CAGR of 5.9% to reach $10.1 billion by the end of the analysis period. Following an early analysis of the operational impact of the pandemic and the resulting economic crisis, growth in the spandex segment was readjust to a revised cagR of 5 per cent for the next seven-year period.
The US market is expected to be $5.3 billion, while China is expected to grow at a CAGR of 7.8%. The U.S. swimwear and beachwear market is estimated to be $5.3 billion in 2020. The market size of China, the world's second largest economy, is projected to reach $5.7 billion by 2027, with a compound annual growth rate of 7.9 percent during the analysis period from 2020 to 2027. Other notable geographic markets include Japan and Canada, which are expected to grow 2.7 percent and 4.6 percent, respectively, between 2020 and 2027. In Europe, Germany is expected to grow at a compound annual rate of about 3.1 per cent. Recycle Swimsuit Supplier
The nylon segment grew at a CAGR of 4.6%. In the global nylon segment, the US, Canada, Japan, China and Europe will drive a 4.2% CAGR in this segment. These regional markets have a combined market size of $2.8 billion in 2020 and are expected to reach $3.7 billion by the end of the analysis period. China will remain one of the fastest growing countries in this regional market cluster. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach $3.7 billion by 2027, while Latin America will grow at a CAGR of 5.6% over the entire analysis period.
