Global Swimming Fins Market To Register The Highest Growth In North America

21-Jun-2023 | Zion Market Research

The global swimming fins market size was worth around USD 87.12 million in 2022 and is predicted to grow to around USD 112.34 million by 2030 with a compound annual growth rate (CAGR) of roughly 3.23% between 2023 and 2030.

Global Swimming Fins Market Size

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.

This review is based on a report by Zion Market Research, titled "Swimming Fins Market By Application (Training & Fitness And Entertainment), By Type (Monofins, Fitness Swim Fins, Breaststroke Swim Fins, Short Blade Swim Fins, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/swimming-fins-market

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.

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.

Product innovation may provide market expansion opportunities while the process of standardizing fit and size could challenge market expansion.

Global Swimming Fins Market Size

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.

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.

Recent 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)

Swimming Fins Market: Competitive Analysis

The global swimming fins market is led by players like:

  • 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
  • Zoggs.

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
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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