According to a new report published by Allied Market Research, titled, “Rash Guard Market," The rash guard market size was valued at $9.1 billion in 2021, and is estimated to reach $12.7 billion by 2031, growing at a CAGR of 3.4% from 2022 to 2031.
Activewear is a utility clothing, which boosts the physical performance and eases body movements, as it enhances comfort while engaging in fitness and sports activities. Rash guards are sometimes referred to as water shirts, swim shirts, surfing shirts, or sun shirts because these are a great way to protect from sunburn and can double as a coverup over swimsuit.
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The extensive advantages offered by activewear, such as water resistance, bi-stretchable function, anti-bacterial fabric, wicking function, and others and surge in participation of consumers in physical and fitness activities act as key Rash Guard Market Trends. Moreover, female consumer base for activewear is increasing, owing to holistic approach of female customers towards sports and fitness. Likewise, increase in adoption of athleisure wear as work or street wear propels the growth of the overall market. Furthermore, rise in disposable income and increase in fitness concerns significantly contribute towards the growth of the Rash Guard Industry.
However, volatile cost of raw materials and inflated cost of designing lead to high cost of the final product. This hampers the sales of the product among price-sensitive customers, thereby restraining the market growth. Moreover, presence of counterfeit brands results in safety issues and inconvenience for consumers, which hamper the growth of the market. Conversely, increase in use of green textile and implementation of the sustainable production methods fuel the adoption of rash guard among green consumers.
Furthermore, rise in promotional activities, such physical activity campaigns, empowerment programs, and activewear promotion by sponsoring celebrities or athletes is expected to provide lucrative Rash Guard Market Opportunitiesfor the key players.Furthermore, number of brands offering different size clothing garments have increased, owing to which options for consumers has also increased. This has led to surge in consumer spending for activewear products, which drives the market growth.
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By type, the t-shirt segment held the major share in the market in 2021. Availability of different size of t-shirts for various age group of athletes is expected to augment the market growth. The shirt segment is estimated to reach $3,270.5 million by 2031, at a significant CAGR of 3.7% during the forecast period.
By end user, the swimming segment held the major share in the rash guard market in 2021. Swimwear is not only worn for swimming but is also used as semi-casual wear for pool parties and at outdoor venues, such as restaurants, resorts, and shopping centers. Swimming is considered as one of the most popular fitness and recreational activities. Increase in consumer interest in swimming and growth in number of family vacations at beaches boost the demand for swimwear, thus propelling the growth of the market.
Depending on end user, the men segment was dominant in 2021 owing to a proportionately large male obese population and high spending. Improvement in body positivity and confidence among female consumers is expected to propel the rash guard market growth during the forecast period.
By price point, the mass segment dominated the rash guard market share in 2021. Increase in consumption of mass pricing products by lower middle and upper middle class consumers significantly contributes toward the rash guard growth.
On the basis of distribution channel, the online segment is witness a major growth rate in the market during the Rash Guard Market Forecast period. This is highlighted by choices like discounts and free trials before purchases in addition to the advantage of receiving satisfaction right away. However, the online segment is anticipated to develop at the fastest rate due to increased internet usage and increased smartphone use for online shopping, which enables customers to compare products in real-time and make wise decisions.
Region-wise, North America was the prominent region in the rash guard market in 2021, owing the largest obese population and highest consumer spending on activewear products. However, Asia-Pacific is anticipated to grow at the highest CAGR, owing to increase in average caloric intake per individual among middle class and high-income households, which leads to higher obesity rates among individuals.
The key players profiled in this report include, TYR Sport Inc., O’ Neill, Roxy, Quicksilver, Sportstar Athletics, Gap Inc., Dick’s Sporting good Inc., Skechers U.S.A Inc., Cranbarry Inc., Adidas AG, Asos PLC, H&M, Nike Inc., Puma SE, Ralp Lauren Corporation, Under Armour Inc., Coloumbia Sportswear, and wildcraft.
Key findings of the study
On the basis of type, the shirt segment is expected to be the fastest growing segment during the forecast period.
On the basis of application, the swimming segment was the dominating segment in rash guard market in 2021.
On the basis of end user, the women segment is expected to be the fastest growing segment during the forecast period.
By price point, the mass segment held the major share in the rash guard marketin 2021.
On the basis of distribution channel, the online segment is expected to be the fastest growing segment, with the CAGR of 3.9% during the forecast period.
On the basis of region, LAMEA is expected to be the fastest growing segment with the CAGR of 3.7% during the forecast period.
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The global Frozen Food Market size is expected to value at USD 360.36 billion by 2024.
The market is subject to witness a substantial growth due to the changing lifestyle patterns, shifting preferences among consumers towards ready-to-cook meals, increasing demand for convenience food, and growing focus towards hygienic food products.
Frozen food products are able to retain maximum vitamins and minerals.The freezing allows longer shelf life for the food products and limits any form of microbial growth that leads to food spoilage.
In addition, increasing penetration by e-commerce retail stores is expected to fuel the growth of frozen food industry in the upcoming years.
Increasing demand form staple food products from developed economies across the globe is propelling market growth as well, in the recent years.
Increasing demand for frozen fruits and vegetables from developed and developing economies is expected to positively affect market performance of frozen food industry in the upcoming years.
Transparency Market Research (TMR) has published a new report titled, ‘Nitinol Medical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027’.
According to the report, the global Nitinol medical devices market was valued at US$ 14,571.7 Mn in 2018 and is projected to expand at a CAGR of 8.5% from 2019 to 2027.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=1685 OverviewNitinol is an unique class of shape-memory alloy that is made of nickel titanium.
Nitinol properties include the shape-memory effect, super elasticity, and high damping capability.
These technical properties of nitinol shape-memory alloy can be modified to a large extent by changes in composition, heat treatment, and mechanical working.Some of the major properties of nitinol include high fatigue strength, nonmagnetic, high power/weight ratio, corrosion resistance, heat resistance, and biocompatible.Nitinol is used in cardiovascular stents, kink resistant guide wires, minimally invasive surgical tools, and self-locking orthopedic devices.
).North America dominated the global nitinol medical devices market in 2018 and the trend is anticipated to continue during the forecast period.
Increasing adoption of technological advanced products and increasing prevalence of peripheral artery disease has contributed to dominant share of the region in global market.Asia Pacific is likely to be a highly lucrative market for nitinol medical devices and it is expected to expand at a high CAGR during the forecast periodRequest Customization on Nitinol Medical Devices Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=CR_id=1685 Increased Clinical Application of Nitinol Based Products in Medical Procedures to Drive MarketUsage of nitinol in the medical industry has increased due to demand for minimally invasive procedures utilizing novel instruments and implants.
According to experts, the market of AR game development will reach approx.
$289.93 billion by 2023 and its CAGR growth rate is expected to be 152.7% in the sector of augmented reality game development between 2017 and 2023.
The data included in this Plastic Antioxidant Market report provides detailed information of the geographic landscape, competitive scenarios and upcoming opportunities in the Industry.
The inclusion of the statistical records in the Plastic Antioxidant Market report helps in authenticating the results that are being presented and thus provide a clear vision and indication to clients in understanding the response of the participants.
Few of the leading organizations’ names are listed here- BASF, Songwon, Adeka Corporation, Solvay, SI Group, Clariant, Sumitomo Chemical, 3V Sigma S.P.A, Dover Chemical Corporation, Everspring Chemical Co., Ltd.,Ampacet Corporation, A.Schulman, Astra Polymers Compounding Co Ltd., Emerald Performance Materials, Evonik, Lanxess, Milliken & Company The global plastic antioxidant market is expected to reach USD 2.39 billion by 2025, from USD 1.68 billion in 2017 growing at a CAGR of 4.2% during the forecast period of 2018 to 2025.Fill Out Details to Receive Sample Report Copy Here @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-plastic-antioxidant-marketMarket Definition: Global Plastic Antioxidant Market Plastic antioxidants are a class of material which protect plastics from thermally and chemically induced oxidation.
Antioxidants have various physical properties such as excellent tensile strength and anti-ageing with impact resistance.
Owing to various physical properties they are used in various applications such as aerospace, automotive, coil, petrochemicals, and others Market Segmentation:The global plastic antioxidant market is segmented based on reins, antioxidant type, application, and geographical segments.Based on resin, the global plastic antioxidant market is segmented into polypropylene (PP), polyethylene (PE), polyvinyl chloride (PVC), and other polymer resins.On the basis of antioxidant type, the global plastic antioxidant market is classified into phenolic antioxidants, phosphite & phosphonite antioxidants, antioxidant blends, and other antioxidantBased on geography, the global plastic antioxidant market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among otherTop Manufacturers Covered in the Report: Some of the major players operating in the global plastic antioxidant market are – BASF, Songwon, Adeka Corporation, Solvay, SI Group, Clariant, Sumitomo Chemical, 3V Sigma S.P.A, Dover Chemical Corporation, Everspring Chemical Co., Ltd.,Ampacet Corporation, A.Schulman, Astra Polymers Compounding Co Ltd., Emerald Performance Materials, Evonik, Lanxess, Milliken & Company, Omnova Solutions Inc., Oxiris Chemicals S.A., Rifra Masterbatches S.P.A., Wells Plastics Ltd, Sakai Chemical Industry Co., Ltd., Shandong Linyi Sunny Wealth Chemicals Co. Focal points covered in this Plastic Antioxidant Market reportThis Plastic Antioxidant Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
