The Latin America, Middle East and Africa Wetsuit Market would witness market growth of 8.2% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 666.3 thousand units, showcasing a growth of 9.7% (2023-2030).
Surfing remains one of the primary uses of wetsuits. These specialized garments provide surfers with essential thermal insulation, enabling them to ride the waves comfortably in cold and temperate waters. The design and thickness of wetsuits vary based on factors like water temperature and personal preferences. Wetsuits are crucial in triathlons, helping athletes stay buoyant and warm while swimming in open water. Triathlon wetsuits are designed for maximum flexibility, allowing participants to transition seamlessly between swimming, biking, and running. Wetsuits buoyancy and reduced drag can give swimmers a competitive edge, making them popular for races and training.
Enthusiasts of water skiing and wakeboarding have also embraced wetsuits, appreciating their insulation and protection against the abrasive effects of water and wind at high speeds. Wetsuits are essential for kayakers and canoeists, helping them stay warm and comfortable during extended periods on the water. These suits allow snorkelers to stay submerged longer, maximizing their marine encounters. Sailors, whether for leisure or competition, rely on wetsuits to guard against the chilling effects of wind and water. Specialized sailing wetsuits are designed to provide flexibility while protecting against the elements.
The UAE has been hosting many triathlon events, attracting participants from the UAE and around the world. The growth of triathlon in the UAE has led to the developing of training programs, coaching services, and educational initiatives. The triathlon community in the UAE has grown and become more organized, fostering collaboration and support among athletes, and promoting the use of appropriate gear, including wetsuits. The UAE attracts global triathletes for events like the IRONMAN 70.3 Dubai, further boosting the demand for high-quality wetsuits. The factors mentioned above will drive the regional market growth.
The Brazil region dominated the LAMEA Wetsuit Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $40.7 Million by 2030. The Argentina region is showcasing a CAGR of 8.8% during (2023 - 2030). Additionally, The UAE region would register a CAGR of 7.9% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Product, the market is segmented into Surfing, Scuba Diving, Triathlon, and Wind Sports. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Wetsuit Market is Projected to reach USD 1.9 Billion by 2030, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Arena S.p.A, Aqua Lung, TYR Sport, Inc., Body Glove, Buell Wetsuits & Surf, Boardriders, Inc., The Helly Hansen Group, Hyperflex Wetsuits, Isurus, Inc., JMJ Manufacture, Inc.
By Distribution Channel (Volume, Thousand Unit, USD Million, 2019-2030)
By Product (Volume, Thousand Unit, USD Million, 2019-2030)
By Country (Volume, Thousand Unit, USD Million, 2019-2030)
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