INDIA’S EMERGING SWIMWEAR MARKET…

January 28, 2019 written by
Madmax

AN OVERVIEW 

Fitness and healthy living has seen an upward swing in the past few years and people are increasingly indulging in various activities such as cycling, gymming, dance, swimming, etc, to stay fit. Hence, the active wear market has seen a considerable rise in the past decade or so and is set to grow further in the coming years. And, swimwear is one such fitness gear that has witnessed high sales in the past few years, which are growing steadily year after year. An overview of the swimwear market and what it looks like in the near future…

 

Styles and Sizes  With swimming becoming an activity that most people indulge in today, swimwear is quite in demand and most local brands offer every style with all sizes for men, women, children (girls and boys), and even toddlers. Besides the swimming costume itself, even swimming accessories such as goggles, caps, are offered by most brands.

 

Brand Mitushi offers a plethora of swimwear and various sizes such as for boys they have 1-2-3-4 and for girls they have 22-24-26-28-30-32. Women’s swimwear comes in sizes 32-34-36-38-40-42-44-46-48-50, while men’s is available in S to XXXL – Jumbo.

 

Fashion Fever also offers one piece and two piece swimwear as well as the one with leggings and the regular V-cut as well. The brand has sizes ranging from S to 5XL for women and men and 18 to 36 for girls and boys.

 

The brand Champs has sizes from 20″(50 cm) to 5xl (115 cm), while Enkay Swimwear by KG Enterprises offers sizes 85 cm to 130 cm for men and women and 45cm to 85cm for children and girls. Madmax offers swimwear for men, women, girls and boys and the brand has sizes S to 6XL for men and women and S to 3XL for girls. For boys the sizes available in the brand are for the 4 to year age group.

Fashion Fever Enkay Champs

Changes in the past five years

No doubt the swimwear segment in the country has undergone a great change in the past 10 years or so. People are choosing trendy and fashionable swimwear now before. Says Akshay Padwal, Director, Lobster, “The Indian swimwear market has changed remarkably and graduated to a very niche level, customers are now fashion forward and have a great sense of style with a sustainable ethos who demand a great fit, comfort and value for money merchandise.”

Mr Jawahar Jain

Mr Jawahar Jain, Owner, brand Mitushi states that the India swimwear industry, over the past few years has seen significant and dynamic changes. “The swimwear market has bestowed us with various opportunities,” he says. Yet he mentions that the entry of international and foreign brands eats into the share of local brands. “With great sadness I would like to say that the majority of the demand in India is satisfied either by imported Chinese products or by many foreign brands that have entered in the last few years. Major chunk of the market share is enjoyed by foreign companies or dumped Chinese products and other companies, which were earlier concentrating in their respective industry such as lingerie companies, which have diversified into the swimwear industry,” he explains.

However, he feels that there is still a lot of gap that is yet to get filled compared to the Western and Far East countries. “Maybe in the next five years, the full covered current styles would automatically convert into actual swimwear styles and the figures shall be at peak,” he mentions further.

Mr. Nilesh Furia Madmax

Mr Nilesh Furia, Owner, Madmax says that the swimwear segment in the country has grown by 20 to 30 per cent in the past five years. He believes that education is the reason for this growth and swimming being a good form of fitness is being adopted by many people today leading to the demand in swimwear.

Innovations in fabrics

When it comes to innovations, with advancement in technology, the fabrics used in manufacturing swimwear too have undergone various changes. For instance, now the fabrics are lighter, have more stretch, etc., Mr Abhijit Parkhi, Owner, Champs, says, “Since the last 4-5 years there has been a good development in fabrics such as, now they come with UV protection, are chlorine-tested have a good stretch, etc.”

Mr Jain of Mitushi mentions that this year

they are introducing carbon Lycra, polyamide lycra and floral digital prints in their collection. Mr Badlani too agrees that there have been plenty of innovations in the fabrics and a variety of prints are also available.

Mr Akshay Padwal Lobster

Mr Padwal says while shedding light on fabrics, “Luxury premium fabrics of polyamide lycra content from the best mills across the world coupled with special finish such as UV protection, extra fine feel and softness, shape retention, abrasion resistance, extra breathability and chlorine resistance are used.”

Besides, now since customers too have become aware of different features, are quality conscious and also look out for trendy styles, brands are increasingly making efforts to offer them the best in their products.

Says Mr Jain, “The consumer has become more price conscious and is demanding more discounts. Also, they want fashionable products, which won’t last for long as they want to try new styles every time.”

Mr Abhijit Parkhi

Mr Parkhi states that women prefer maximum skin protection so full-length costumes are in demand. Besides, people look for chest pads for women and skin protection against chlorine and UV sun rays while choosing swimwear, he adds.

Mr Furia states that people prefer a trendy and sporty look along with the swimwear fitting comfortably while also being unique.

Where is the segment headed to…

The swimwear segment in India is growing a a great pace with changing sensibilities and more people indulging in water related activities and not just swimming. The highest growing segment according to most brands is women’s and also children. The segment itself is set to grow further creating a huge demand for different and varied styles across all age groups in women. Mr Padwal feels, “The Indian consumer is growing fashionably and their buying habit has seen upward trend in seeking out more fashionable wear and cuts. Currently though, the percentage is less but will grow in the coming years. It’s improving and hopefully the whole trend will change in few years as the new generation is bolder, trendier, more fashionable, and less conservative.”

speedo store

Retailers too have taken note of this rise in demand of swimwear and have started catering to it. Says Mr Dipankar Datta, who owns the store Beyond Desire, “We keep only Speedo in our store. In the western region, there are many companies, but in eastern India there is a dearth of companies, so we’ve just started stocking swimwear. Also, the demand for swimwear depends on the locality. In a housing complex with a swimming pool, there is a demand and one without a pool, the demand for swimwear dips. However, these days there is a rising sense in parents and children. They want their children to go swimming. Speedo has all different varieties and variations, from child to adults and they also, they professional swimwear as well. With local brands, there’s a problem with the fit and I don’t keep local brands.”

Also, innovations in fabrics, which were heavy first and now are light, has helped increase the sales. “Fabric has changed according to the requirement and we are moving toward international standards, adds Mr Datta.

Dinesh Rawat

Dinesh Rawat, Owner, Jalaram Swimwear, SwimX also states that the market for swimwear is good, especially if you brand your product and there is a demand for women, girls and boys’ swimwear. This could be because now women are going to clubs, they go for picnics and also most housing complexes have a clubhouse and a swimming pool.

Mr Binay Kumar Dubey, Owner, Shree Shoppers Ltd., also believes that  mentions that now people are much more aware about swimwear and hence the demand. “The company itself has own fabric named Endurance 10 and Endurance + , which is much better then lycra, which is used commonly,” he says.

While Mr Dubey, Mr Datta, Mr Rawat believe that the segment has grown by 20-25 per cent in the past five years, Mr Ankush M Tupe, Manager, The Champion Sports, it will grow by 60 to 70 per cent and all agree that women’s swimwear is the highest growing category in this segment.

And, in the last five years, Mr Tupe states that the brand Speedo has been in demand. “Earlier, Speedo swimwear was priced at approximately INR 2,400 and now you can get it for INR 1500 as well. They have lowered their price and are also making variations in the styles to cater to the Indian consumer, hence this brand is in demand even now,” he explains.

Mr Hasmukhhai V Chheda Owner, Canberra Collection also mentions that women’s swimwear sells more and full sleeves and full length sells more as people are conscious about getting tanned.

Overall, the swimwear segment is all set to grow tremendously with people becoming health conscious, indulging in water-related sports and activities and most importantly, women too, coming out and indulging in these activities. Most manufacturers, retailers have sizes ranging from

S to 5XL in women’s category and S to 4XL in men’s category.

The rise in the demand for the segment in general can also be attributed to the fact that the younger generation of parents are themselves into swimming and such health-related activities and hence push their children to indulge in the same, according to Mr Datta. Also, if a housing complex has a swimming pool, it is easier for families to nurture this activity. While in complexes that do not have a swimming facility, it can get difficult to indulge in this activity, Mr Datta further feels.

Moreover, other local brands, though doing well, are facing competition from Speedo as its popularity precedes it and it has even slashed its prices. While a few years ago, Speedo would cost anywhere between INR 1500 to 2500 and today you get a Speedo swimming costume for as less as INR 700-800. So, it’s on par with the local brands in terms of pricing. But, a drop in prices can also bring about a change in quality. So, has the quality been affected with a drop in prices? Mr Tupe states that though Speedo’s quality has been affected, it is better than those of local brands and if people get a brand for the same cost, they would certainly go for it.

Also, he adds that other brands manufacture full length and half length swimwear, which Speedo didn’t have earlier, but now the brand also makes some swimwear in this length. He feels that Speedo’s market is set to grow by 70 to 80 per cent this year and believes that local brands may have to adopt a different strategy to sustain in this segment and grow.

Overall, we can conclude that the swimwear market of the country is growing by 20-25 per cent each year and brand Speedo it seems, which has become a benchmark in the country, leads the bouquet of brands, though local brands too are catching up but need to work on their quality compared to international ones.

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