Technavio’s latest market research report on the global swimming costume dryer market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technaviodefines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
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Technavio has published a new market research report on the global swimming costume dryer market from 2018-2022. (Graphic: Business Wire)
According to Technavio analysts, the global swimming costume dryer market will grow at a CAGR of over 7% during the forecast period. The adoption of swimming as part of a holistic fitness initiative is a major factor driving the growth of the market.
The accelerating growth of the global swimwear market and the global swimming costume dryer market is attributable to the growing health consciousness and increasing emphasis on active and healthy lifestyles among consumers.
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In this report, Technavio highlights the growing number of swimming pools worldwide as one of the key emerging trends driving the global swimming costume dryer market:
Growing number of swimming pools worldwide
In recent years, the total number of public and private swimming pools across the world has increased at rapid pace. Over the same period, there has been an increase in the number of adults and children who have enrolled for swimming lessons. The US, the UK, Germany, France, Australia, Canada, and China are countries with the highest number of swimming pools. In the US, regions such as California, Arizona, Florida, Ohio, and Texas have the largest number of in-ground and above-ground pools.
According to a senior analyst at Technavio, “Countries like Russia and regions like South America and the Middle East are also registering a growth in the number of swimming pools. Such growth in swimming infrastructure would lead to an increase in demand for swimwear as well as swimming costume dryers, which augurs well for the growth of the market during the forecast period.”
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Global swimming costume dryer market segmentation
This market research report segments the global swimming costume dryer market by end-user (community pools and aquatic centers, hotels and resorts, and others) and by geography (the Americas, APAC, and EMEA).
The community pools and aquatic centers segment held the largest market share in 2017, accounting for over 52% of the market. However, the market share for this application is expected to decrease nearly 2% by 2022.
The Americas was the leading region for the global swimming costume dryer market in 2017, accounting for a market share of close to 49%, followed by EMEA and APAC, with APAC exhibiting the highest growth.
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