The global Winter Wear Market size is expected to reach USD 359. 8 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.3% over the forecast period. Rise in demand for winter wear products due to dropping temperature in many regions, along with rise in purchasing power of consumers, is anticipated to drive the market over the forecast period.
The
market is driven by the use of the attractive and trendy lifestyle patterns
such as hoodies, cardigans, and V neck wears. Rise of the offline channels such
as fashion stores, design stores, and specialty stores have contributed
altogether to the sales and offers of the products in the market. Moreover,
changing fashion trends and frequent travelling by many people to cooler places
for vacation and work purpose are also likely to drive the global market over
the forecast period.
Winter
wear products in North America are anticipated to ascend due to the rise in the
sales of winter wear products, especially among women. Moreover, the attractive
offers in the women winter wear segment due to high demand for the product
innovations in the scarves and shawls category has added to the growth of the
regional market. In U.S., the sales of the scarves and shawls segment was USD
2.5 billion in 2018 and is expected to witness significant growth in the neat
future.
Rise
in demand for winter wear products among consumers due to increase in global
warming conditions, thereby lowering the weather temperature across the
regions. However, growth in the distribution channel across the apparel sector
is anticipate to formulate the demand for the product over the forecast period.
Rise in purchasing power of consumers, along with demand for the premium and
branded products among different end users, drives the market.
However,
sudden changes in weather, along with depreciating environmental conditions,
have increased the sales of winter wear clothing across different sectors.
Moreover, shift in consumer preferences from conventional towards newly arrived
apparels, along with attraction towards light weighted winter wear products,
has fueled its growth.
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summary: Winter Wear Market Report
Winter
Wear Market Report Highlights
- By product, sweaters and
cardigans are projected to ascend at a CAGR of 5.6% over the forecast
period
- By end user, the men
segment dominated the global winter wear market with an overall share of
45.0% in 2018
- Asia Pacific dominated the
global market in 2018 and accounted for 35.2% share of the overall
revenue. This trend is projected to continue over the next few years
- Due to increasing
disposable income in India, South Korea, China, and Japan, the market in
Asia Pacific is anticipated to witness growth in the coming years
- The industry is highly
competitive in nature with the main players including Gap Inc.; VF
Corporation; Columbia Sportswear Company; The North Face, Inc.; Patagonia,
Inc.; and Zara SA
- Various manufacturers are
concentrating on new product launches, capacity expansion, and
technological innovation to estimate existing and future demand patterns
from upcoming product segments
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.
Contact:
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Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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