NEW YORK, United States, July 04, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Swimming Fins Market Historical Data, and Forecast Report 2023 – 2030” in its research database.
“According to the latest research study, the demand of global swimming fins market size & share was worth at approximately USD 87.12 million in 2022. The market is expected to grow above a CAGR of 3.23% and is anticipated to reach over USD 112.34 million by 2030.”
Swimming Fins Market Overview:
The swimming fins industry is responsible for research, production, distribution, and any other strategic measure required to promote public awareness and adoption of swimming fins. They are specially designed footwear that is worn on the feet during swimming or other water activities such as diving. The design of the fins allows wearers to kick rapidly and with high intensity thus affecting the overall swimming performance. They are typically made of rubber, silicone, or composite materials and showcase a blade-like shape at the end. This design assists in increasing the surface of feet thus propelling the swimmer with higher speed through the water. The market deals with manufacturers, retailers, distributors, and online platforms that supply the product. It also deals with end-users such as training institutes or professional coaching centers that use swimming fins to train budding swimmers.
Get a Free Sample PDF of this Research Report for more Insights - https://www.zionmarketresearch.com/sample/swimming-fins-market
(Before you plan to buy, sample reports are a great option to examine our in-depth studies or reports)
Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Updated Tables and Figures
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, Revenue Analysis, SWOT Analysis, Historic and Forecast Growth, Porter's 5 Forces Analysis
- Zion Market Research Methodology
Key Insights from Primary Research
- As per the analysis, the Swimming Fins market share is likely to grow above a CAGR of around 3.23% between 2023 and 2030.
- The Swimming Fins market size was worth around US$ 87.12 million in 2022 and is estimated to hit approximately US$ 112.34 million by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The swimming fins market is projected to grow at a significant rate due to the growing international tourism
- Based on application segmentation, training & fitness was predicted to show maximum market share in the year 2022
- Based on type segmentation, short blade swim fins were the leading type in 2022
- On the basis of region, North America was the leading revenue generator in 2022
Competitive Players:
The report contains qualitative and quantitative research on the global Swimming Fins market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global swimming fins market include;
- Speedo
- Arena
- TYR
- Finis
- Mares
- Cressi
- Aqua Sphere
- Scubapro
- Head
- SEAC
- Beuchat
- TUSA
- U.S. Divers
- Oceanic
- IST Sports
- Leaderfins
- Aqualung
Directly Purchase a Copy of the Report | Quick Delivery Available - https://www.zionmarketresearch.com/buynow/su/swimming-fins-market
Market Dynamics:
Growth Factors
The global swimming fins market is projected to grow due to the growing number of people showing interest in swimming. This population includes people who are learning the sport for recreational purposes and the ones that have more professional inclinations. Furthermore, the rising middle-income families are investing in the overall growth of their children and tend to enroll them in extra-curricular activities such as swimming. This trend was earlier adopted in developed nations but statistics have shown that emerging countries are following the same pattern. The Economic Times recently reported that nearly 72% of Indian students participate in some form of co-curricular activities and almost 74% participate in sports regularly.
In addition to this, the growing awareness about domestic and international swimming competitions could lead to higher revenue in the coming years. People have become more aware of non-traditional sports and hence there has been a steady growth in the number of swimming events alongside the participation rate. Professional swimmers and players regularly use swimming fins to improve their strength and stamina. Other factors such as advancements in technology and material along with growing sales through the e-commerce sector could expand the growth scope for the market.
Restraints
The global swimming fins industry may witness certain roadblocks owing to the rising concerns over the environmental impact of swimming fins induced by the water activities conducted in the open sea and ocean. The industry has registered complaints over the production of fins made of non-biodegradable substances such as plastic. There is a lack of a proper disposal system and a large size of these fins are disposed of in the water. This impacts the marine ecosystem. Moreover, seasonal demand for swimming fins adds to the loss of revenue as they may be unsuitable for use in colder weather.
Opportunities & Challenges
Product innovation may provide market expansion opportunities while the process of standardizing fit and size could challenge market expansion.
Swimming Fins Market: Segmentation
The global swimming fins market is segmented based on application, type, and region.
Based on application, the global market segments are training & fitness and entertainment. The most significant driver for the industry was the training & fitness segment in 2022 and it is expected to hold its dominance during the forecast period. The segmental growth is mainly driven by high demand for superior-grade swimming fins amongst athletes participating in several water sports along with higher usage in training centers. These fins are used extensively in training programs for competitive swimmers. It is an important piece of equipment required to learn the right technique and develop leg muscle strength. Furthermore, the segmental growth is also a result of high demand amongst fitness enthusiasts who take up swimming classes for maintaining health and fitness level. As more people engage in such activities, the demand is likely to keep growing. Sport England recently reported that nearly 4.7 million people in the UK swim at least 2 or more times in a month.
Based on type, the global industry segments are monofins, fitness swim fins, breaststroke swim fins, short blade swim fins, and others. The swimming fins industry was dominated by the short blade swim fins segment due to their frequent application and use by competitive swimmers. These fins have shorter blade lengths when compared to traditional swim fins and hence allow the users to conduct rapid & quick kicks. These blades are specifically designed to deliver faster turnover and develop extreme leg strength. Monofins, on the other hand, are unique in that both feet are tied together within a single fin. They are predominantly used in the sport of synchronized swimming and in some forms of freediving. The average price range for a pair of swimming fins may lie between USD 20 to USD 100.
Regional Analysis:
The global swimming fins market is projected to be led by North America due to the presence of a competitive regional market that is home to several domestic and international players. Additionally, the growing population of health-conscious people undertaking several forms of physical sports could also drive market growth. The United States and Canada are the key contributors to the market in this region.
Europe is expected to grow at a faster CAGR as countries such as the United Kingdom, Germany, France, and Italy have recorded high demand for swimming fins. These regions boast of higher tourism mainly attracted to the European coastal lines. The rate of water-based activities has undergone a tremendous rise in the last few years.
The Asia-Pacific region is a lucrative segment due to the growing rate of middle-income families and the increasing adoption of swimming-related activities.
Report Scope:
| Report Attribute | Report Details |
| Market Size in 2022 | USD 87.12 Million |
| Market Forecast in 2030 | USD 112.34 Million |
| Growth Rate | CAGR of 3.23% |
| Base Year | 2022 |
| Forecast Years | 2023- 2030 |
| Key Companies Covered | Speedo, Arena, TYR, Finis, Mares, Cressi, Aqua Sphere, Scubapro, Head, SEAC, Beuchat, TUSA, U.S. Divers, Oceanic, IST Sports, Leaderfins, Aqualung, Fin Fun, Aqua Lung, Salvas, Body Glove, Mad Wave, Bare, Aqua Sphere, and Zoggs. |
| Segments Covered | By Application, By Type, and By Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
Request for Customization on this Report as Per Your Requirements - https://www.zionmarketresearch.com/custom/7289
(We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.)
Recent Industry Developments:
- In October 2021, Cayman Carter, a former Corona del Mar High quarterback, along with Ted Li launched Single Co. It is a new company dealing in the production of body surfing fin and the product was launched at the Newport Beach
- In September 2022, Srinagar witnessed the inauguration of the first Open Water Fin-swimming National Championship which was organized by the Underwater Sports Association of J&K and the Underwater Sports Association of- India (USAI)
The global Swimming Fins market is segmented as follows:
By Application
- Training & Fitness
- Entertainment
By Type
- Monofins
- Fitness Swim Fins
- Breaststroke Swim Fins
- Short Blade Swim Fins
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Request Free Brochure of the Global Swimming Fins Market Report @ https://www.zionmarketresearch.com/requestbrochure/swimming-fins-market
Key questions answered in this report:
- What is the market size and growth rate forecast for Swimming Fins industry?
- What are the main driving factors propelling the Swimming Fins Market forward?
- What are the leading companies in the Swimming Fins Industry?
- What segments does the Swimming Fins Market cover?
- How can I receive a free copy of the Swimming Fins Market sample report and company profiles?
Key Offerings:
- Market Size, Trends, & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Application, By Type, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Browse Other Related Research Reports from Zion Market Research
- Brain Health Supplements Market By Product (Natural Molecules And Herbal Extracts), By Application (Memory Enhancement, Attention & Focus, Depression & Food, Sleep & Recovery, Anti-Aging & Longevity, And Stress & Anxiety), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030: https://www.zionmarketresearch.com/report/brain-health-supplements-market
- Corporate Travel Market By Service (Transportation, Food & Lodging, And Recreation), By End-User Industry (Government And Corporate), By Traveler (Group And Solo), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030: https://www.zionmarketresearch.com/report/corporate-travel-market
- Biomimetic Plastic Materials Market By Type (Biodegradable Plastic And Self-Healing Plastic), By Application (Research Institutions, Consumer Electronics, Automotive, And Transport), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/biomimetic-plastic-materials-market
- Hair Spray Market By Nature (Natural And Synthetic), By Packaging Type(Metal And Plastic), By Distribution Channel (Online Retailers, Wholesale Distributors, Beauty Stores, Supermarkets & Hypermarkets, And Others), By End-User (Women, Men, And Unisex), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030: https://www.zionmarketresearch.com/report/hair-spray-market
- Mobile TV Market By Content Type (Video-On-Demand, Live Streaming, And Online Video), By Application (Commercial And Personal), By Technology (IPTV, Satellite, OTT, And Others), By Service Type (Free-To-Air Services And Pay TV Services), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030: https://www.zionmarketresearch.com/report/mobile-tv-market
- Pearl Jewelry Market Size - By Type (Earring, Necklace, Rings, And Others), By Pearl Type (Saltwater And Freshwater), By Material (Silver, Gold, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030: https://www.zionmarketresearch.com/report/pearl-jewelry-market
About Zion Market Research:
Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds.
Our client’s/customer’s conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business.
Contact Us:
Rushikesh Dorge | Zion Market Research
USA: +1 347 690-0211 | UK: +44 2032 894158 | Japan: +81 50 5806 9039 | India: +91 7768 006 007
Email: sales@zionmarketresearch.com | Web: https://www.zionmarketresearch.com/
Follow Us on - LinkedIn | Twitter | Facebook | Pinterest | YouTube
Also Read Our Blogs: https://zmrblog.com/
