United States Swimsuits Market Expands at 3.9% CAGR to Touch USD 5.53 Billion by 2030

Published | 30 September 2024

United States Swimsuits Market is thriving due to people’s increasing participation in water sports, rising fitness trends, advancements in fabric technology, and  a spurring demand for stylish, durable, and eco-friendly swimwear.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Swimsuits Market size by value at USD 4.24 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Swimsuits Market size to expand at a CAGR of 3.90% reaching a value of USD 5.53 billion in 2030. United States Swimsuits Market is driven by factors such as the rising popularity of water sports and fitness activities, increased consumer demand for stylish, comfortable, and performance-enhancing swimwear, and the influence of fashion trends. Technological advancements in fabric materials, like quick-drying and UV-resistant textiles, are also boosting market growth. Polyester, nylon, and spandex/lycra are particularly favored due to their durability and flexibility. Additionally, increased awareness of sustainable swimwear options has fueled demand for eco-friendly materials like recycled polyester.

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Opportunity – Increasing Demand for Sustainable and Ethical Swimwear

United States Swimwear Market is recording growth, due to the rising consumer preference for sustainable and ethical products. Eco-conscious buyers are increasingly seeking swimwear made from recycled materials, biodegradable fabrics, and fair-trade practices. Brands focusing on environmentally friendly production methods and social responsibility are capturing attention, especially as consumers become more aware of their environmental impact. This trend is pushing swimwear manufacturers to innovate, contributing to the overall growth of the market.

Impact of Escalating Geopolitical Tensions on United States Swimsuits Market

Increasing geopolitical tensions could disrupt the supply chain and increase volatility in raw material costs in United States Swimsuits Market. Conflict-induced disruptions in global supply chain could lead to delays in raw materials and increased production costs. Trade restrictions and tariffs may affect imports of swimwear and related accessories. Further, economic instability due to geopolitical turmoil can reduce consumer spending on non-essential items such as swimwear. Travel restrictions and reduced tourism may further reduce the demand for swimwear, as fewer people participate in beach holidays and water sports. Overall, increased geopolitical conflicts create an uncertain market environment, which affects the dynamics of supply and demand.

Beachwear Usage Is Largest Segment in US Swimsuits Market

The beachwear segment holds the largest share of United States Swimsuits Market by usage, due to a high demand for casual and trendy swimwear for vacations, beach outings, and leisure activities. The growing interest in coastal tourism, along with the influence of fashion trends and social media, further boosts the popularity of beachwear. Additionally, the availability of diverse styles, fabrics, and designs has helped this segment dominate the market over recreational swimwear, professional swimwear, and water sports segments.

Competitive Landscape

United States Swimsuits Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Arcus Apparel Group, Bali Swim, BOLD Swim, Bellakini Swimwear Factory, Catalina Swimwear, Frankies Bikinis, Lefty Production Co., and SWIM USA. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in United States Swimsuits Market.

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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of United States Swimsuits Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in United States Swimsuits Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the Market.

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