Wednesday 26 August 2020

Heated Jacket Market Size is Projected to Register 22.8% CAGR till 2025

 

According to a study conducted by Grand View Research, Inc., the Heated Jacket Market accounted for USD 69.61 million in 2018 and is expected to grow substantially over the forecast period (2019 - 2025). Constantly dropping temperature, especially North America and Europe going below freezing point, during winters is one of the major factors driving the growth of the market.

Heated jackets produce heat and provide additional warmth due to the battery powered heated pads. Sports enthusiasts, construction workers, military forces, etc. find extensive usage of heated jackets. While purchasing these products, consumers look for versatility, style, weather resistance, and heating pad locations.

Heated jackets are mostly preferred by sports enthusiasts who enjoy hiking, skiing, snowboarding, mountaineering, and biking, as it enables free mobility. Another major application is in military as it helps maintain comfortable body temperature for military personnel during patrolling and during combat in extreme cold conditions.

Press Release: Heated Jacket Market Worth $293.24 Million By 2025

In 2018, North America accounted for the largest share of the market due to cool breeze and heavy snowfall during winters. In order to protect the body during extreme winters, normal clothing is not entirely enough, thus boosting the demand for heated jackets in the region.

Due to technologically advanced products, the market in Asia Pacific region has witnessed growth over the last few years. The growth is due to rising outdoor and adventure sports activities such as hiking and trekking across Himalayas, which is expected to drive the demand for heated jackets in the forecast period. Countries that have the largest demand for these products are Japan, China, and India.

Product innovations, such as installation of USB charging port inside the jackets are anticipated to drive the product demand. For instance, Dewalt has manufactured heated jackets with two USB ports included on battery adaptor for charging small electronic gadgets. Introduction of smart technologies such as sensors that regulate temperature and voice-enabled features that manage the jacket temperature are anticipated to further fuel the product demand.

Marketing campaigns along with leveraging technological advancements are the major strategies incorporated by the manufacturers to retain the consumers in order to gain an edge over the competitors. In order to attract maximum customers, leading companies provide products with various smart features. For instance, ministry of supply launched mercury intelligent heated jacket to provide the best comfort as it analyzes external factors, body temperature, user preference, and motion data. Some of the leading companies in the heated jacket market are Dewalt, Bosch, Milwaukee, and Ororo.

About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

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