Wetsuit Market
Wetsuit Market Forecast by Product Type (Full Wetsuits, Spring Wetsuits, Bottom Wetsuits, and Rashguard Wetsuits), by Thickness (Wetsuits measuring 1 mm - 2 mm, Wetsuits measuring 2 mm - 3 mm, Wetsuits measuring 3 mm - 4 mm, Wetsuits measuring 4 mm - 5 mm, and Wetsuits measuring greater than 5 mm), by Sales Channel, by Demographics, and by Region - 2023 to 2033
Analysis of Wetsuit Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Wetsuit Market Snapshot (2023-2033)
In FY 2022, the global wetsuit market reached a valuation of US$ 1.72 Billion, and is likely to register a Y-o-Y growth rate of 6.0% in 2023, closing at US$ 1.84 Billion. Furthermore, across the 2023-2033 period of assessment, growth is expected to accelerate at a whopping 7.05% CAGR, reaching US$ 3.64 Billion.
Anticipated Base Year Value (2022) |
US$ 1.72 Billion |
Expected Market Value (2023) |
US$ 1.84 Billion |
Projected Forecast Value (2033) |
US$ 3.64 Billion |
Global Growth Rate (2023-2033) |
7.05% CAGR |
Expected Growth Rate of the US (2023-2033) |
7.04% CAGR |
Anticipated Growth Rate of China (2023-2033) |
7.03% CAGR |
Prominent Wetsuit Service Players |
|
According to Fact.MR, the demand of wetsuits is driven by shifting consumer preference in favor of novel design that provide them best experience at reasonable prices. In addition, growing competition among brands is encouraging players to learn and emphasize upon customers’ needs and provide them with better water sports accessories.
With stringent norms implemented by regional governments to manufacture eco-friendly products, manufacturers have been launching wetsuits made from green material such as natural rubber and water-based glue as a substitute to neoprene. Also, emergence of wetsuits made from materials such as recycled plastics and water bottles is anticipated to gain a significant momentum during the analysis period.
Additionally, factors such as innovations in stitching technique such as blind stitching that allow neoprene and water to flush through stitching holes are projected to fuel the sales of wetsuits. Furthermore, inclusion of materials such as spandex, lycra, and wool is also helping manufacturers to improve warmth and flexibility of wetsuits, which in turn is expected to propel the growth of the wetsuit market during the forecast period.
2018-2022 Revenue Analysis of Wetsuit Market vs. Growth Outlook 2023-2033
According to Fact.MR’s report, Wetsuit demand exhibited a CAGR of over 3.1% from 2018 to 2022.
Prominent manufacturers have been incorporating lightweight as well as eco-friendly material, emphasizing on such core features as ensuring swimmer safety.
Restrictions on outdoor sporting and recreational activities significantly contracted sales of wetsuits across all continents. Eventually, as the peak of the pandemic wore off, several regions lifted lockdown restrictions, permitting a resumption in public water sporting events, restoring growth prospects.
People are more likely to stay active longer and invest in sports equipment of high quality, as the standard of living increases. The growth of inland surfing grounds, coupled with the development of artificial wave generation technologies, is expected to positively impact the industry's performance. Hence the market is likely to surge at a CAGR of 7.05% from 2023-2033. It is projected to surpass the market worth of US$ 3.64 Bn by 2033.
Key Market Drivers Influencing Wetsuit Industry Expansion
R&D Behind Eco-Friendly Green Wetsuits to Propel the Market Growth
There has been extensive research conducted on protective materials for wetsuits. Researchers are focused on four main areas including human anatomy, shark behavior, structural properties, and maneuverability. Researchers at the University of Nebraska tested materials by embedding shark teeth in cement then forcing them into the material with a precision testing machine to determine their strength and flexibility.
Moreover, researchers examine thermal, mechanical, and sustainable properties of alternative materials for use in wetsuits and products of similar type and are developing an environmentally friendly alternative to neoprene wetsuit material. Many studies on natural rubber and neoprene-free materials have led to the development of eco-friendly wetsuits in the market. Furthermore, studies have been conducted on the thickness and size of materials that provide warmth to the human body under extreme climatic conditions.
In addition, a study has been carried out to investigate the accessibility of wetsuits on the market. Many studies were conducted on the stitching techniques that allowed water to penetrate the suit and were replaced by blind stitching in the market. In order to make the wetsuit stretch more while being put on, the single-layer was quickly doubled. To enhance flexibility and heat retention, new materials such as lycra and wool have been added to the mix.
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Rise in Popularity of Water Sports to Augment Market Growth Prospects
The increasing use of technology and design has played a crucial role in enhancing the winter experience for everyone. Climate change and the demand for warmer clothing have increased the revenue share for wetsuits. The value pool for wetsuits has been accelerated by the popularity of water sports such as surfing, wake-boarding, windsurfing, waterskiing, kiteboarding, swimming, SCUBA, paddle boarding, kayaking, and triathlons.
Furthermore, the growing economy as well as the rising disposable income have contributed to the popularity of wetsuits in the market. The outlook for recyclable wetsuits has increased, owing to an increasing concern over the different thicknesses of wetsuits. Due to the proliferation of technology in recent years, water parks and artificial waves, which are new developments, are projected to provide significant growth avenues for the industry.
Additionally, the industry analysis for wetsuits is expected to grow in the future, as the popularity of scuba diving activities grows amongst people in various parts of the world and tourism activities are becoming more popular. The Occupational Safety and Health Administration (OSHA) regulations concerning surfing equipment and gear have steered the growth of wetsuits. Government regulations on eco-friendly wetsuits are also stimulating the market demand for wetsuits.
Key Challenges encountered by Wetsuit Industry
High Cost Associated with the Product to Limit the Market Growth
The high cost of the product as well as the accessibility to lower-income group are the factors that are expected to hinder the growth of the wetsuits market during the analysis period.
Further, increasing availability of rental water sporting accessories such as wetsuits in coastal regions such as Brazil, India, Japan, and others is hampering the sales of new wetsuits.
Availability of Substitutes to Restrain the Market Growth
One major factor that is hindering the market growth includes the availability of cheaper substitutes of the wetsuits. For instance, dry suits, which offer many benefits. They are safer than wetsuits.
They also provide warmth, versatility, and are lower in weight. This can restrain the wetsuit market. In addition, the market's growth is impeded by the high number of people who die while diving.
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Country-wise Analysis
How will the US Perform in the Global Wetsuit Industry Landscape?
Strict Government Regulations to Augment the Market Growth in the US
The Wetsuit Market in the US will grow at a CAGR of 7.04% from 2023 to 2033.
According to Fact.MR, the US is the fastest-growing Wetsuit market region, accounting for over 56% of the market share in 2022.
Wetsuits made in the US were the first zip-on wetsuits and were used by the United States Navy and Coast Guard dive teams to outfit them while they plied their diving careers in cold climate environments. The American-made wetsuit market is experiencing growth, attributed to its strong roots in tradition, innovative materials: an unmatched level of craftsmanship.
Moreover, the US environmental regulations are stricter than those in developing countries, which protect the air, water, and of course the land. Consumers' growing confidence in the quality and durability of American-made wetsuits has also driven the growth of the US economy.
About 1.93 million people in the United States surf each year. Diverse activities associated with recreation and underwater exploration are driving the market for wet suits in this region. According to the National Marine Manufacturers' Association (NMMA), over 140 million Americans engage in competitive water sports including surfing and deep-sea diving.
How will the Growth of Wetsuit Market Escalate across China?
Increasing Popularity of Water Sports to Enhance the Market Prospects
The Chinese market is projected to become the most lucrative market, contributing a share of nearly 46% of the global market by 2022. The Wetsuit Market in China is expected to grow at a CAGR of 7.03% from 2023 to 2033.
China continues to be the second-largest market for wetsuits during the forecast period. Increased production by small and large-scale manufacturers has greatly helped the wetsuit market to grow. Imports and exports from the country have significantly increased the demand for wetsuits industry in the country.
Moreover, increasing interest inactive lifestyles, coupled with the efforts to strike a balance between leisure activities and professional pursuits have made outdoor sports a big thing. A combination of the increasing popularity of water sports in China combined with the development of innovative technology is expected to escalate the industry growth.
As a result of government initiatives that have been geared towards encouraging water sports in China, it is anticipated to offer lucrative business opportunities to manufacturers of wetsuits in the future.
Country-wise Forecast CAGRs for the Wetsuit Market
US |
7.04% |
China |
7.03% |
India |
7.03% |
UK |
7.02% |
Germany |
7.01% |
Category-wise Insights
Which Segment to Remain Dominant in the Product Type Category?
Full Wetsuits Segment to Enhance Growth Prospects
According to Fact.MR’s data, preference for Full Wetsuits segment is expected to expand at a CAGR of 6% over the forecast period.
Factors such as increasing participation by young people in water sport activities such as surfing, scuba diving, water skiing, and river rafting are expected to fuel the market growth of full-bodied wetsuits. With a new generation of product lines launched each year, manufacturers aim to introduce new products using advanced technologies and high-quality materials.
In addition, the market for full suits has grown tremendously in recent years, attributed to the increasing demand to protect the body from extreme weather conditions both under and outside of the water. Also, a trend of full suits with hoods, gloves, and heated rash guards has been observed in the market, owing to an increase in demand to stay underwater for longer periods.
Which is the Most Sought-after Demographics Category?
Wetsuit Sales for Women Segment to Boost the Market’s Growth
According to Fact.MR’s data, preference for wetsuit sales for women segment is expected to expand at a CAGR of 5% over the forecast period, attributed to the growing number of women participating in water sports. Also, there has been a significant increase in the demand for plus-size wetsuits due to the proliferation of women who participate in water sports activities. This is leading to new developments available in wetsuit manufacturing.
Moreover, the market demand has increased significantly, owing to the factors such as an increase in demand for UV rays protection as well as a need for wetsuits and surf suits that act as a shield against UV rays. Additionally, the market analysis for wetsuits has also increased, as scuba diving activities are becoming more popular. Other major factors including the increasing demand for women's wetsuits, and growth in eCommerce platforms are also anticipated to drive the market revenue share over the forecast period.
Wetsuit Market- Competitive Landscape
Prominent players in the Wetsuit Industry are taking advantage of the rapidly increasing demand for the Wetsuit in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market developments are as follows:
- In October 2021, a Newcastle start-up designed a wetsuit that can better protect against shark attacks. To commercialize its prototype, Aqua Armour intends to launch a Kickstarter campaign to raise $40,000 through the crowdfunding platform. As well, the startup hopes a Kickstarter campaign will boost the local economy. In addition, the company plans to assemble its wetsuits in Hunter, employing in the region.
- In August 2021, Aqualung launched all new XSCAPE collection featuring eco-responsible wetsuits that are a 100% neoprene-free and a rash guard made from sustainable materials.
- In June 2021, Buy4Outdoors expanded its collection of wetsuits for men and women. Customers seeking premium quality wetsuits can use the online platform in a simple and seamless manner. To ensure a seamless and enjoyable shopping experience, the Buy4Outdoors website has been designed so that users can easily browse through it to select the right wetsuit for their needs.
Key Segments Covered in the Wetsuit Industry Survey
-
Wetsuit by Product Type
- Full Wetsuits
- Spring Wetsuits
- Bottom Wetsuits
- Rashguard Wetsuits
- Wetsuit by Thickness
- Wetsuits measuring 1 mm - 2 mm
- Wetsuits measuring 2 mm - 3 mm
- Wetsuits measuring 3 mm - 4 mm
- Wetsuits measuring 4 mm - 5 mm
- Wetsuits measuring greater than 5 mm
-
Wetsuit by Sales Channel
- Wetsuit sales via Sports Variety Stores
- Wetsuit sales via Third-Party Online Channel
- Wetsuit sales via Direct-to-Customer Channel
- Wetsuit sales via Franchised Stores
- Wetsuit sales via Modern Trade
- Wetsuit sales via Sports Retail Chains
- Wetsuit sales via Sports Variety Stores
-
Wetsuit by Demographics
- Wetsuits for Men
- Wetsuits for Women
- Wetsuits for Kids
-
Wetsuit by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Table of Content
1. Global Market – Executive Summary 2. Global Market Outlook Overview 2.1. Introduction 2.2. Market Definition 2.3. Scope of Report 2.4. Wetsuits: Penetration by Sports 2.5. Mega Trends 3. Market Dynamics 3.1. Key Growth Drivers 3.2. Market Challenges 3.3. Industry Trends 3.4. Market Growth opportunities 3.5. Wheel of Fortune 4. Associated Industry and Key Indicator Assessment 4.1. Supply Chain 4.2. Investment Feasibility Matrix 4.3. Porter’s Five Forces Analysis 4.4. PEST Analysis 4.5. Cost Structure Analysis 4.6. Forecast Scenario 4.7. Global Wetsuit Market – Price Point Analysis 4.7.1. Price Point Assessment by Product type, 2021 4.8. Wetsuit & Accessories Selection Criteria 4.9. Wetsuit Temperature Chart 5. Global Market Analysis (2018-2022) and Forecast (2023-2033) 5.1. Global Market Outlook 5.1.1. Global Market Volume (‘000 Units) Forecast and Analysis 5.1.2. Regional Demand Assessment 5.1.2.1. Market Volume Share by Region 5.2. Global Market Revenue Analysis by Product Type, 2023-2033 5.2.1. Full Suits 5.2.2. Spring Suits 5.2.3. Tops 5.2.4. Bottoms 5.2.5. Rashguards 5.2.6. Y-o-Y growth Comparison by Product Type, 2023-2033 5.2.7. Market Attractiveness by Product Type 5.3. Global Squash Rackets Market Analysis by Thickness, 2023-2033 5.3.1. 1 mm – 2 mm 5.3.2. 2 mm – 3 mm 5.3.3. 3 mm – 4 mm 5.3.4. 4 mm – 5 mm 5.3.5. Greater than 5 mm 5.3.6. Y-o-Y growth Comparison by Thickness, 2023-2033 5.3.7. Market Attractiveness by Thickness 5.4. Global Squash Rackets Market Analysis by Sales Channel, 2023-2033 5.4.1. Sports Variety Stores 5.4.2. Third Party Online Channel 5.4.3. Direct-to-Customer Channel 5.4.4. Franchised Stores 5.4.5. Modern Trade Channels 5.4.6. Sports Retail Chains 5.4.7. Sports Variety Stores 5.4.8. Y-o-Y growth Comparison by Sales Channel, 2023-2033 5.4.9. Market Attractiveness by Sales Channel 5.5. Global Squash Rackets Market Analysis by Demographics, 2023-2033 5.5.1. Men 5.5.2. Women 5.5.3. Kids 5.5.4. Y-o-Y growth Comparison by Demographics, 2023-2033 5.5.5. Market Attractiveness by Demographics 6. North America Market Size and Forecast, 2023-2033 6.1. North America market Outlook 6.1.1. Market Volume (‘000 units) Forecast and Analysis 6.1.2. Impact Assessment of Market Forces 6.1.3. Country wise Demand Assessment 6.2. Country wise Demand Assessment 6.2.1. US Market Size & Forecast Volume (‘000 Units) 6.2.2. Canada Market Size & Forecast Volume (‘000 Units) 6.2.3. Y-o-Y Growth Comparison by Country, 2023-2033 6.2.4. Market Attractiveness by Country 6.3. North America Market Revenue Analysis by Product Type, 2023-2033 6.3.1. Full Suits 6.3.2. Spring Suits 6.3.3. Tops 6.3.4. Bottoms 6.3.5. Rashguards 6.3.6. Y-o-Y growth Comparison by Product Type, 2023-2033 6.3.7. Market Attractiveness by Product Type 6.4. North America Squash Rackets Market Analysis by Thickness, 2023-2033 6.4.1. 1 mm – 2 mm 6.4.2. 2 mm – 3 mm 6.4.3. 3 mm – 4 mm 6.4.4. 4 mm – 5 mm 6.4.5. Greater than 5 mm 6.4.6. Y-o-Y growth Comparison by Thickness, 2023-2033 6.4.7. Market Attractiveness by Thickness 6.5. North America Squash Rackets Market Analysis by Sales Channel, 2023-2033 6.5.1. Sports Variety Stores 6.5.2. Third Party Online Channel 6.5.3. Direct-to-Customer Channel 6.5.4. Franchised Stores 6.5.5. Modern Trade Channels 6.5.6. Sports Retail Chains 6.5.7. Sports Variety Stores 6.5.8. Y-o-Y growth Comparison by Sales Channel, 2023-2033 6.5.9. Market Attractiveness by Sales Channel 6.6. North America Squash Rackets Market Analysis by Demographics, 2023-2033 6.6.1. Men 6.6.2. Women 6.6.3. Kids 6.6.4. Y-o-Y growth Comparison by Demographics, 2023-2033 6.6.5. Market Attractiveness by Demographics 7. Latin America Market Size and Forecast, 2023-2033 7.1. Latin America market Outlook 7.1.1. Market Volume (‘000 units) and Forecast and Analysis 7.1.2. Impact Assessment of Market Forces 7.2. Country wise Demand Assessment 7.2.1. Brazil Market Size & Forecast Volume (‘000 Units) 7.2.2. Mexico Market Size & Forecast Volume (‘000 Units) 7.2.3. Argentina Market Size & Forecast Volume (‘000 Units) 7.2.4. Rest of Latin America Market Size & Forecast Volume (‘000 Units) 7.2.5. Y-o-Y Growth Comparison by Country, 2023-2033 7.2.6. Market Attractiveness by Country 7.3. Latin America Market Revenue Analysis by Product Type, 2023-2033 7.3.1. Full Suits 7.3.2. Spring Suits 7.3.3. Tops 7.3.4. Bottoms 7.3.5. Rashguards 7.3.6. Y-o-Y growth Comparison by Product Type, 2023-2033 7.3.7. Market Attractiveness by Product Type 7.4. Latin America Squash Rackets Market Analysis by Thickness, 2023-2033 7.4.1. 1 mm – 2 mm 7.4.2. 2 mm – 3 mm 7.4.3. 3 mm – 4 mm 7.4.4. 4 mm – 5 mm 7.4.5. Greater than 5 mm 7.4.6. Y-o-Y growth Comparison by Thickness, 2023-2033 7.4.7. Market Attractiveness by Thickness 7.5. Latin America Squash Rackets Market Analysis by Sales Channel, 2023-2033 7.5.1. Sports Variety Stores 7.5.2. Third Party Online Channel 7.5.3. Direct-to-Customer Channel 7.5.4. Franchised Stores 7.5.5. Modern Trade Channels 7.5.6. Sports Retail Chains 7.5.7. Sports Variety Stores 7.5.8. Y-o-Y growth Comparison by Sales Channel, 2023-2033 7.5.9. Market Attractiveness by Sales Channel 7.6. Latin America Squash Rackets Market Analysis by Demographics, 2023-2033 7.6.1. Men 7.6.2. Women 7.6.3. Kids 7.6.4. Y-o-Y growth Comparison by Demographics, 2023-2033 7.6.5. Market Attractiveness by Demographics 8. Europe Market Size and Forecast, 2023-2033 8.1. Europe market Outlook 8.1.1. Market Volume (‘000 units) and Forecast and Analysis 8.1.2. Impact Assessment of Market Forces 8.2. Country wise Demand Assessment 8.2.1. Spain Market Size & Forecast Volume (‘000 Units) 8.2.2. UK Market Size & Forecast Volume (‘000 Units) 8.2.3. France Market Size & Forecast Volume (‘000 Units) 8.2.4. Italy Market Size & Forecast Volume (‘000 Units) 8.2.5. Nordic Market Size & Forecast Volume (‘000 Units) 8.2.6. Rest of Europe Market Size & Forecast Volume (‘000 Units) 8.2.7. Y-o-Y Growth Comparison by Country, 2023-2033 8.2.8. Market Attractiveness by Country 8.3. Europe Market Revenue Analysis by Product Type, 2023-2033 8.3.1. Full Suits 8.3.2. Spring Suits 8.3.3. Tops 8.3.4. Bottoms 8.3.5. Rashguards 8.3.6. Y-o-Y growth Comparison by Product Type, 2023-2033 8.3.7. Market Attractiveness by Product Type 8.4. Europe Squash Rackets Market Analysis by Thickness, 2023-2033 8.4.1. 1 mm – 2 mm 8.4.2. 2 mm – 3 mm 8.4.3. 3 mm – 4 mm 8.4.4. 4 mm – 5 mm 8.4.5. Greater than 5 mm 8.4.6. Y-o-Y growth Comparison by Thickness, 2023-2033 8.4.7. Market Attractiveness by Thickness 8.5. Europe Squash Rackets Market Analysis by Sales Channel, 2023-2033 8.5.1. Sports Variety Stores 8.5.2. Third Party Online Channel 8.5.3. Direct-to-Customer Channel 8.5.4. Franchised Stores 8.5.5. Modern Trade Channels 8.5.6. Sports Retail Chains 8.5.7. Sports Variety Stores 8.5.8. Y-o-Y growth Comparison by Sales Channel, 2023-2033 8.5.9. Market Attractiveness by Sales Channel 8.6. Europe Squash Rackets Market Analysis by Demographics, 2023-2033 8.6.1. Men 8.6.2. Women 8.6.3. Kids 8.6.4. Y-o-Y growth Comparison by Demographics, 2023-2033 8.6.5. Market Attractiveness by Demographics 9. Japan Market Size and Forecast, 2023-2033 9.1. Japan market Outlook 9.1.1. Market Volume (‘000 units) and Forecast and Analysis 9.1.2. Impact Assessment of Market Forces 9.2. Japan Market Revenue Analysis by Product Type, 2023-2033 9.2.1. Full Suits 9.2.2. Spring Suits 9.2.3. Tops 9.2.4. Bottoms 9.2.5. Rashguards 9.2.6. Y-o-Y growth Comparison by Product Type, 2023-2033 9.2.7. Market Attractiveness by Product Type 9.3. Japan Squash Rackets Market Analysis by Thickness, 2023-2033 9.3.1. 1 mm – 2 mm 9.3.2. 2 mm – 3 mm 9.3.3. 3 mm – 4 mm 9.3.4. 4 mm – 5 mm 9.3.5. Greater than 5 mm 9.3.6. Y-o-Y growth Comparison by Thickness, 2023-2033 9.3.7. Market Attractiveness by Thickness 9.4. Japan Squash Rackets Market Analysis by Sales Channel, 2023-2033 9.4.1. Sports Variety Stores 9.4.2. Third Party Online Channel 9.4.3. Direct-to-Customer Channel 9.4.4. Franchised Stores 9.4.5. Modern Trade Channels 9.4.6. Sports Retail Chains 9.4.7. Sports Variety Stores 9.4.8. Y-o-Y growth Comparison by Sales Channel, 2023-2033 9.4.9. Market Attractiveness by Sales Channel 9.5. Japan Squash Rackets Market Analysis by Demographics, 2023-2033 9.5.1. Men 9.5.2. Women 9.5.3. Kids 9.5.4. Y-o-Y growth Comparison by Demographics, 2023-2033 9.5.5. Market Attractiveness by Demographics 10. APEJ Market Size and Forecast, 2023-2033 10.1. APEJ market Outlook 10.1.1. Market Volume (‘000 units) and Forecast and Analysis 10.1.2. Impact Assessment of Market Forces 10.2. Country wise Demand Assessment 10.2.1. China Market Size & Forecast Volume (‘000 Units) 10.2.2. South Korea Market Size & Forecast Volume (‘000 Units) 10.2.3. India Market Size & Forecast Volume (‘000 Units) 10.2.4. ASEAN Market Size & Forecast Volume (‘000 Units) 10.2.5. Australia & New Zealand Market Size & Forecast Volume (‘000 Units) 10.2.6. Rest of APEJ Market Size & Forecast Volume (‘000 Units) 10.2.7. Y-o-Y Growth Comparison by Country, 2023-2033 10.2.8. Market Attractiveness by Country 10.3. APEJ Market Revenue Analysis by Product Type, 2023-2033 10.3.1. Full Suits 10.3.2. Spring Suits 10.3.3. Tops 10.3.4. Bottoms 10.3.5. Rashguards 10.3.6. Y-o-Y growth Comparison by Product Type, 2023-2033 10.3.7. Market Attractiveness by Product Type 10.4. APEJ Squash Rackets Market Analysis by Thickness, 2023-2033 10.4.1. 1 mm – 2 mm 10.4.2. 2 mm – 3 mm 10.4.3. 3 mm – 4 mm 10.4.4. 4 mm – 5 mm 10.4.5. Greater than 5 mm 10.4.6. Y-o-Y growth Comparison by Thickness, 2023-2033 10.4.7. Market Attractiveness by Thickness 10.5. APEJ Squash Rackets Market Analysis by Sales Channel, 2023-2033 10.5.1. Sports Variety Stores 10.5.2. Third Party Online Channel 10.5.3. Direct-to-Customer Channel 10.5.4. Franchised Stores 10.5.5. Modern Trade Channels 10.5.6. Sports Retail Chains 10.5.7. Sports Variety Stores 10.5.8. Y-o-Y growth Comparison by Sales Channel, 2023-2033 10.5.9. Market Attractiveness by Sales Channel 10.6. APEJ Squash Rackets Market Analysis by Demographics, 2023-2033 10.6.1. Men 10.6.2. Women 10.6.3. Kids 10.6.4. Y-o-Y growth Comparison by Demographics, 2023-2033 10.6.5. Market Attractiveness by Demographics 11. MEA Market Size and Forecast, 2023-2033 11.1. MEA market Outlook 11.1.1. Market Volume (‘000 units) and Forecast and Analysis 11.1.2. Impact Assessment of Market Forces 11.2. Country wise Demand Assessment 11.2.1. GCC Countries Market Size & Forecast Volume (‘000 Units) 11.2.2. South Africa Market Size & Forecast Volume (‘000 Units) 11.2.3. North Africa Market Size & Forecast Volume (‘000 Units) 11.2.4. Rest of MEA Market Size & Forecast Volume (‘000 Units) 11.2.5. Y-o-Y Growth Comparison by Country, 2023-2033 11.2.6. Market Attractiveness by Country 11.3. MEA Market Revenue Analysis by Product Type, 2023-2033 11.3.1. Full Suits 11.3.2. Spring Suits 11.3.3. Tops 11.3.4. Bottoms 11.3.5. Rashguards 11.3.6. Y-o-Y growth Comparison by Product Type, 2023-2033 11.3.7. Market Attractiveness by Product Type 11.4. MEA Squash Rackets Market Analysis by Thickness, 2023-2033 11.4.1. 1 mm – 2 mm 11.4.2. 2 mm – 3 mm 11.4.3. 3 mm – 4 mm 11.4.4. 4 mm – 5 mm 11.4.5. Greater than 5 mm 11.4.6. Y-o-Y growth Comparison by Thickness, 2023-2033 11.4.7. Market Attractiveness by Thickness 11.5. MEA Squash Rackets Market Analysis by Sales Channel, 2023-2033 11.5.1. Sports Variety Stores 11.5.2. Third Party Online Channel 11.5.3. Direct-to-Customer Channel 11.5.4. Franchised Stores 11.5.5. Modern Trade Channels 11.5.6. Sports Retail Chains 11.5.7. Sports Variety Stores 11.5.8. Y-o-Y growth Comparison by Sales Channel, 2023-2033 11.5.9. Market Attractiveness by Sales Channel 11.6. MEA Squash Rackets Market Analysis by Demographics, 2023-2033 11.6.1. Men 11.6.2. Women 11.6.3. Kids 11.6.4. Y-o-Y growth Comparison by Demographics, 2023-2033 11.6.5. Market Attractiveness by Demographics 12. Global Wetsuit Market Company Share Analysis, Competitive Assessment 12.1. Global Wetsuit Market – A Dashboard View 12.2. Global Wetsuit Market Structure 12.3. Global Wetsuit Market Company Share Analysis 12.4. For Tier 1 Market Players 12.5. Company Share Analysis by Product Type 12.6. Competition Matrix 13. Company Profile 13.1. Speedo International Ltd 13.1.1. Operational Facilities Across Globe 13.1.2. Region Wise Share of Target Product – Company Benchmark 13.1.3. Company Revenue Share, By Product Type 13.1.4. Key Developments 13.1.5. SWOT Analysis 13.2. TYR Sports Inc 13.2.1. Operational Facilities Across Globe 13.2.2. Region Wise Share of Target Product – Company Benchmark 13.2.3. Company Revenue Share, By Product Type 13.2.4. Key Developments 13.2.5. SWOT Analysis 13.3. Johnson Outdoors 13.3.1. Operational Facilities Across Globe 13.3.2. Region Wise Share of Target Product – Company Benchmark 13.3.3. Company Revenue Share, By Product Type 13.3.4. Key Developments 13.3.5. SWOT Analysis 13.4. Billabong 13.4.1. Operational Facilities Across Globe 13.4.2. Region Wise Share of Target Product – Company Benchmark 13.4.3. Company Revenue Share, By Product Type 13.4.4. Key Developments 13.4.5. SWOT Analysis 13.5. O’Neil, Inc 13.5.1. Operational Facilities Across Globe 13.5.2. Region Wise Share of Target Product – Company Benchmark 13.5.3. Company Revenue Share, By Product Type 13.5.4. Key Developments 13.5.5. SWOT Analysis 13.6. Rip Curl 13.6.1. Operational Facilities Across Globe 13.6.2. Region Wise Share of Target Product – Company Benchmark 13.6.3. Company Revenue Share, By Product Type 13.6.4. Key Developments 13.6.5. SWOT Analysis 13.7. Quicksilver Inc 13.7.1. Operational Facilities Across Globe 13.7.2. Region Wise Share of Target Product – Company Benchmark 13.7.3. Company Revenue Share, By Product Type 13.7.4. Key Developments 13.7.5. SWOT Analysis 13.8. Arena Italia SPA 13.8.1. Operational Facilities Across Globe 13.8.2. Region Wise Share of Target Product – Company Benchmark 13.8.3. Company Revenue Share, By Product Type 13.8.4. Key Developments 13.8.5. SWOT Analysis 13.9. C-Skins Ltd 13.9.1. Operational Facilities Across Globe 13.9.2. Region Wise Share of Target Product – Company Benchmark 13.9.3. Company Revenue Share, By Product Type 13.9.4. Key Developments 13.9.5. SWOT Analysis 13.10. Other Key Players 14. Appendix 15. Disclaimer and Contact Information
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List Of Table
Table 1: Global Market Volume (‘000 Units) and Forecast , by Product Type, 2023 - 2033
Table 2: Global Market Volume (‘000 Units) and Forecast , by Thickness, 2023 - 2033
Table 3: Global Market Volume (‘000 Units) and Forecast , by Sales Channel, 2023 - 2033
Table 4: Global Market Volume (‘000 Units) and Forecast , by Demographics, 2023 - 2033
Table 5: North America Market Volume (‘000 Units) and Forecast , by Country, 2023 - 2033
Table 6: North America Market Volume (‘000 Units) and Forecast , by Product Type, 2023 - 2033
Table 7: North America Market Volume (‘000 Units) and Forecast , by Thickness, 2023 - 2033
Table 8: North America Market Volume (‘000 Units) and Forecast , by Sales Channel, 2023 - 2033
Table 9: North America Market Volume (‘000 Units) and Forecast , by Demographics, 2023 - 2033
Table 10: Latin America Market Volume (‘000 Units) and Forecast , by Country, 2023 - 2033
Table 11: Latin America Market Volume (‘000 Units) and Forecast , by Product Type, 2023 - 2033
Table 12: Latin America Market Volume (‘000 Units) and Forecast , by Thickness, 2023 - 2033
Table 13: Latin America Market Volume (‘000 Units) and Forecast , by Sales Channel, 2023 - 2033
Table 14: Latin America Market Volume (‘000 Units) and Forecast , by Demographics, 2023 - 2033
Table 15: Europe Market Volume (‘000 Units) and Forecast , by Country, 2023 - 2033
Table 16: Europe Market Volume (‘000 Units) and Forecast , by Product Type, 2023 - 2033
Table 17: Europe Market Volume (‘000 Units) and Forecast , by Thickness, 2023 - 2033
Table 18: Europe Market Volume (‘000 Units) and Forecast , by Sales Channel, 2023 - 2033
Table 19: Europe Market Volume (‘000 Units) and Forecast , by Demographics, 2023 - 2033
Table 20: Japan Market Volume (‘000 Units) and Forecast , by Product Type, 2023 - 2033
Table 21: Japan Market Volume (‘000 Units) and Forecast , by Thickness, 2023 - 2033
Table 22: Japan Market Volume (‘000 Units) and Forecast , by Sales Channel, 2023 - 2033
Table 23: Japan Market Volume (‘000 Units) and Forecast , by Demographics, 2023 - 2033
Table 24: APEJ Market Volume (‘000 Units) and Forecast , by Country, 2023 - 2033
Table 25: APEJ Market Volume (‘000 Units) and Forecast , by Product Type, 2023 - 2033
Table 26: APEJ Market Volume (‘000 Units) and Forecast , by Thickness, 2023 - 2033
Table 27: APEJ Market Volume (‘000 Units) and Forecast , by Sales Channel, 2023 - 2033
Table 28: APEJ Market Volume (‘000 Units) and Forecast , by Demographics, 2023 - 2033
Table 29: MEA Market Volume (‘000 Units) and Forecast , by Country, 2023 - 2033
Table 30: MEA Market Volume (‘000 Units) and Forecast , by Product Type, 2023 - 2033
Table 31: MEA Market Volume (‘000 Units) and Forecast , by Thickness, 2023 - 2033
Table 32: MEA Market Volume (‘000 Units) and Forecast , by Sales Channel, 2023 - 2033
Table 33: MEA Market Volume (‘000 Units) and Forecast , by Demographics, 2023 - 2033
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List Of Figures
Figure 1: Global Market Volume (‘000 Units) and Y-o-Y Growth Forecast, 2023-2033
Figure 2: Global Market Volume (‘000 Units) Share and Forecast, 2023 – 2033
Figure 3: Global Market Volume (‘000 Units) Share and Forecast by Product Type, 2023-2033
Figure 4: Global Market Volume (‘000 Units) Forecast and CAGR by Product Type, 2023-2033
Figure 5: Global Market Volume (‘000 Units) Growth by Product Type, 2023-2033
Figure 6: Global Market Attractiveness Analysis, by Product Type, 2023-2033
Figure 7: Global Market Volume (‘000 Units) Share and Forecast by Thickness, 2023-2033
Figure 8: Global Market Volume (‘000 Units) Forecast and CAGR by Thickness, 2023-2033
Figure 9: Global Market Volume (‘000 Units) Growth by Thickness, 2023-2033
Figure 10: Global Market Attractiveness Analysis, by Thickness, 2023-2033
Figure 11: Global Market Volume (‘000 Units) Share and Forecast by Sales Channel, 2023-2033
Figure 12: Global Market Volume (‘000 Units) Forecast and CAGR by Sales Channel, 2023-2033
Figure 13: Global Market Volume (‘000 Units) Growth by Sales Channel, 2023-2033
Figure 14: Global Market Attractiveness Analysis, by Sales Channel, 2023-2033
Figure 15: Global Market Volume (‘000 Units) Share and Forecast by Demographics, 2023-2033
Figure 16: Global Market Volume (‘000 Units) Forecast and CAGR by Demographics, 2023-2033
Figure 17: Global Market Volume (‘000 Units) Growth by Demographics, 2023-2033
Figure 18: Global Market Attractiveness Analysis, by Demographics, 2023-2033
Figure 19: North America Market Volume (‘000 Units) and Y-o-Y Growth Forecast, 2023-2033
Figure 20: US Market Volume (‘000 Units) and Forecast, 2023 - 2033
Figure 21: Canada Market Volume (‘000 Units) Forecast, 2023 - 2033
Figure 22: North America Market Volume (‘000 Units) Share and Forecast by Product Type, 2023-2033
Figure 23: North America Market Volume (‘000 Units) Forecast and CAGR by Product Type, 2023-2033
Figure 24: North America Market Volume (‘000 Units) Growth by Product Type, 2023-2033
Figure 25: North America Market Attractiveness Analysis, by Product Type, 2023-2033
Figure 26: North America Market Volume (‘000 Units) Share and Forecast by Thickness, 2023-2033
Figure 27: North America Market Volume (‘000 Units) Forecast and CAGR by Thickness, 2023-2033
Figure 28: North America Market Volume (‘000 Units) Growth by Thickness, 2023-2033
Figure 29: North America Market Attractiveness Analysis, by Thickness, 2023-2033
Figure 30: North America Market Volume (‘000 Units) Share and Forecast by Sales Channel, 2023-2033
Figure 31: North America Market Volume (‘000 Units) Forecast and CAGR by Sales Channel, 2023-2033
Figure 32: North America Market Volume (‘000 Units) Growth by Sales Channel, 2023-2033
Figure 33: North America Market Attractiveness Analysis, by Sales Channel, 2023-2033
Figure 34: North America Market Volume (‘000 Units) Share and Forecast by Demographics, 2023-2033
Figure 35: North America Market Volume (‘000 Units) Forecast and CAGR by Demographics, 2023-2033
Figure 36: North America Market Volume (‘000 Units) Growth by Demographics, 2023-2033
Figure 37: North America Market Attractiveness Analysis, by Demographics, 2023-2033
Figure 38: Latin America Market Volume (‘000 Units) and Y-o-Y Growth Forecast, 2023-2033
Figure 39: Brazil Market Volume (‘000 Units) and Forecast, 2023 - 2033
Figure 40: Mexico Market Volume (‘000 Units) and Forecast, 2023 - 2033
Figure 41: Argentina Market Volume (‘000 Units) Forecast, 2023 - 2033
Figure 42: Rest of Latin America Market Volume (‘000 Units) Forecast, 2023 - 2033
Figure 43: Latin America Market Volume (‘000 Units) Share and Forecast by Product Type, 2023-2033
Figure 44: Latin America Market Volume (‘000 Units) Forecast and CAGR by Product Type, 2023-2033
Figure 45: Latin America Market Volume (‘000 Units) Growth by Product Type, 2023-2033
Figure 46: Latin America Market Attractiveness Analysis, by Product Type, 2023-2033
Figure 47: Latin America Market Volume (‘000 Units) Share and Forecast by Thickness, 2023-2033
Figure 48: Latin America Market Volume (‘000 Units) Forecast and CAGR by Thickness, 2023-2033
Figure 49: Latin America Market Volume (‘000 Units) Growth by Thickness, 2023-2033
Figure 50: Latin America Market Attractiveness Analysis, by Thickness, 2023-2033
Figure 51: Latin America Market Volume (‘000 Units) Share and Forecast by Sales Channel, 2023-2033
Figure 52: Latin America Market Volume (‘000 Units) Forecast and CAGR by Sales Channel, 2023-2033
Figure 53: Latin America Market Volume (‘000 Units) Growth by Sales Channel, 2023-2033
Figure 54: Latin America Market Attractiveness Analysis, by Sales Channel, 2023-2033
Figure 55: Latin America Market Volume (‘000 Units) Share and Forecast by Demographics, 2023-2033
Figure 56: Latin America Market Volume (‘000 Units) Forecast and CAGR by Demographics, 2023-2033
Figure 57: Latin America Market Volume (‘000 Units) Growth by Demographics, 2023-2033
Figure 58: Latin America Market Attractiveness Analysis, by Demographics, 2023-2033
Figure 59: Europe Market Volume (‘000 Units) and Y-o-Y Growth Forecast, 2023-2033
Figure 60: Spain Market Volume (‘000 Units) and Forecast, 2023 - 2033
Figure 61: UK Market Volume (‘000 Units) and Forecast, 2023 - 2033
Figure 62: France Market Volume (‘000 Units) Forecast, 2023 - 2033
Figure 63: Italy Market Volume (‘000 Units) Forecast, 2023 - 2033
Figure 64: Nordic Market Volume (‘000 Units) Forecast, 2023 - 2033
Figure 65: Rest of Europe Market Volume (‘000 Units) Forecast, 2023 - 2033
Figure 66: Europe Market Volume (‘000 Units) Share and Forecast by Product Type, 2023-2033
Figure 67: Europe Market Volume (‘000 Units) Forecast and CAGR by Product Type, 2023-2033
Figure 68: Europe Market Volume (‘000 Units) Growth by Product Type, 2023-2033
Figure 69: Europe Market Attractiveness Analysis, by Product Type, 2023-2033
Figure 70: Europe Market Volume (‘000 Units) Share and Forecast by Thickness, 2023-2033
Figure 71: Europe Market Volume (‘000 Units) Forecast and CAGR by Thickness, 2023-2033
Figure 72: Europe Market Volume (‘000 Units) Growth by Thickness, 2023-2033
Figure 73: Europe Market Attractiveness Analysis, by Thickness, 2023-2033
Figure 74: Europe Market Volume (‘000 Units) Share and Forecast by Sales Channel, 2023-2033
Figure 75: Europe Market Volume (‘000 Units) Forecast and CAGR by Sales Channel, 2023-2033
Figure 76: Europe Market Volume (‘000 Units) Growth by Sales Channel, 2023-2033
Figure 77: Europe Market Attractiveness Analysis, by Sales Channel, 2023-2033
Figure 78: Europe Market Volume (‘000 Units) Share and Forecast by Demographics, 2023-2033
Figure 79: Europe Market Volume (‘000 Units) Forecast and CAGR by Demographics, 2023-2033
Figure 80: Europe Market Volume (‘000 Units) Growth by Demographics, 2023-2033
Figure 81: Europe Market Attractiveness Analysis, by Demographics, 2023-2033
Figure 82: Japan Market Volume (‘000 Units) and Y-o-Y Growth Forecast, 2023-2033
Figure 83: Japan Market Volume (‘000 Units) Share and Forecast by Product Type, 2023-2033
Figure 84: Japan Market Volume (‘000 Units) Forecast and CAGR by Product Type, 2023-2033
Figure 85: Japan Market Volume (‘000 Units) Growth by Product Type, 2023-2033
Figure 86: Japan Market Attractiveness Analysis, by Product Type, 2023-2033
Figure 87: Japan Market Volume (‘000 Units) Share and Forecast by Thickness, 2023-2033
Figure 88: Japan Market Volume (‘000 Units) Forecast and CAGR by Thickness, 2023-2033
Figure 89: Japan Market Volume (‘000 Units) Growth by Thickness, 2023-2033
Figure 90: Japan Market Attractiveness Analysis, by Thickness, 2023-2033
Figure 91: Japan Market Volume (‘000 Units) Share and Forecast by Sales Channel, 2023-2033
Figure 92: Japan Market Volume (‘000 Units) Forecast and CAGR by Sales Channel, 2023-2033
Figure 93: Japan Market Volume (‘000 Units) Growth by Sales Channel, 2023-2033
Figure 94: Japan Market Attractiveness Analysis, by Sales Channel, 2023-2033
Figure 95: Japan Market Volume (‘000 Units) Share and Forecast by Demographics, 2023-2033
Figure 96: Japan Market Volume (‘000 Units) Forecast and CAGR by Demographics, 2023-2033
Figure 97: Japan Market Volume (‘000 Units) Growth by Demographics, 2023-2033
Figure 98: Japan Market Attractiveness Analysis, by Demographics, 2023-2033
Figure 99: APEJ Market Volume (‘000 Units) and Y-o-Y Growth Forecast, 2023-2033
Figure 100: China Market Volume (‘000 Units) and Forecast, 2023 - 2033
Figure 101: South Korea Market Volume (‘000 Units) and Forecast, 2023 - 2033
Figure 102: India Market Volume (‘000 Units) Forecast, 2023 - 2033
Figure 103: ASEAN Market Volume (‘000 Units) Forecast, 2023 - 2033
Figure 104: Australia & New Zealand Market Volume (‘000 Units) Forecast, 2023 - 2033
Figure 105: Rest of APEJ Market Volume (‘000 Units) Forecast, 2023 - 2033
Figure 106: APEJ Market Volume (‘000 Units) Share and Forecast by Product Type, 2023-2033
Figure 107: APEJ Market Volume (‘000 Units) Forecast and CAGR by Product Type, 2023-2033
Figure 108: APEJ Market Volume (‘000 Units) Growth by Product Type, 2023-2033
Figure 109: APEJ Market Attractiveness Analysis, by Product Type, 2023-2033
Figure 110: APEJ Market Volume (‘000 Units) Share and Forecast by Thickness, 2023-2033
Figure 111: APEJ Market Volume (‘000 Units) Forecast and CAGR by Thickness, 2023-2033
Figure 112: APEJ Market Volume (‘000 Units) Growth by Thickness, 2023-2033
Figure 113: APEJ Market Attractiveness Analysis, by Thickness, 2023-2033
Figure 114: APEJ Market Volume (‘000 Units) Share and Forecast by Sales Channel, 2023-2033
Figure 115: APEJ Market Volume (‘000 Units) Forecast and CAGR by Sales Channel, 2023-2033
Figure 116: APEJ Market Volume (‘000 Units) Growth by Sales Channel, 2023-2033
Figure 117: APEJ Market Attractiveness Analysis, by Sales Channel, 2023-2033
Figure 118: APEJ Market Volume (‘000 Units) Share and Forecast by Demographics, 2023-2033
Figure 119: APEJ Market Volume (‘000 Units) Forecast and CAGR by Demographics, 2023-2033
Figure 120: APEJ Market Volume (‘000 Units) Growth by Demographics, 2023-2033
Figure 121: APEJ Market Attractiveness Analysis, by Demographics, 2023-2033
Figure 122: MEA Market Volume (‘000 Units) and Y-o-Y Growth Forecast, 2023-2033
Figure 123: GCC countries Market Volume (‘000 Units) and Forecast, 2023 - 2033
Figure 124: South Africa Market Volume (‘000 Units) and Forecast, 2023 - 2033
Figure 125: North Africa Market Volume (‘000 Units) Forecast, 2023 - 2033
Figure 126: Rest of MEA Market Volume (‘000 Units) Forecast, 2023 - 2033
Figure 127: MEA Market Volume (‘000 Units) Share and Forecast by Product Type, 2023-2033
Figure 128: MEA Market Volume (‘000 Units) Forecast and CAGR by Product Type, 2023-2033
Figure 129: MEA Market Volume (‘000 Units) Growth by Product Type, 2023-2033
Figure 130: MEA Market Attractiveness Analysis, by Product Type, 2023-2033
Figure 131: MEA Market Volume (‘000 Units) Share and Forecast by Thickness, 2023-2033
Figure 132: MEA Market Volume (‘000 Units) Forecast and CAGR by Thickness, 2023-2033
Figure 133: MEA Market Volume (‘000 Units) Growth by Thickness, 2023-2033
Figure 134: MEA Market Attractiveness Analysis, by Thickness, 2023-2033
Figure 135: MEA Market Volume (‘000 Units) Share and Forecast by Sales Channel, 2023-2033
Figure 136: MEA Market Volume (‘000 Units) Forecast and CAGR by Sales Channel, 2023-2033
Figure 137: MEA Market Volume (‘000 Units) Growth by Sales Channel, 2023-2033
Figure 138: MEA Market Attractiveness Analysis, by Sales Channel, 2023-2033
Figure 139: MEA Market Volume (‘000 Units) Share and Forecast by Demographics, 2023-2033
Figure 140: MEA Market Volume (‘000 Units) Forecast and CAGR by Demographics, 2023-2033
Figure 141: MEA Market Volume (‘000 Units) Growth by Demographics, 2023-2033
Figure 142: MEA Market Attractiveness Analysis, by Demographics, 2023-2033
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- FAQs -
What was the market worth for Wetsuit in 2022?
As of 2022, the Wetsuit market was valued at US$ 1.72 Billion.
At what value will the Wetsuit market close in 2023?
As of 2023, Fact.MR expects the Wetsuit industry to be valued at US$ 1.84 Billion.
From 2018-2022, what was the documented growth rate for the Wetsuit market?
According to Fact.MR, a CAGR of 3.1% was recorded for the Wetsuit market from 2018-2022.
At what percentage will the industry expand during the 2023-2033 period of assessment?
From 2023 to 2033, the Wetsuit industry is poised to flourish at a 7.05% CAGR.
What is the expected closing market value for Wetsuit in 2033?
By 2033, the Wetsuit landscape is slated to reach a valuation of US$ 3.64 Billion.
By Product Type, which segment is likely to experience the fastest growth rate?
Full Wetsuits Segment is expected to grow the fastest, at a CAGR of 6%.
Which is the most preferred Demographics category of Wetsuit?
By Demographics, the Wetsuits for Women segment is expected to dominate the market, documenting a 5% value CAGR.
How will the market for Wetsuit in The US flourish until 2033?
As per Fact.MR’s projections, the market for Wetsuit in the US will likely expand at a 7.04% CAGR.
What will be the growth scenario for the market in China until 2033?
China is poised to yield a CAGR of 7.03% with respect to Wetsuit in 2033.