The raincoat products market size to experience substantial growth during the forecast period. The easy accessibility of raincoats having different colors, styles, and fittings is the primary factor driving the raincoat products market growth. Additionally, the rising number of working individuals preferring raincoat products, which looks professional is further bolstering the market expansion.
Fortune Business Insights™ mentioned this in a report titled, “Raincoat Products Market, 2024-2032.”
Top Company in the Ranicoat Products Market
- APA INTEMPORAL SPRL (Germany)
- DJDRIKSONS (Sweden)
- Patagonia, Inc. (U.S.)
- The Columbia Sportswear Company (U.S.)
- Joules Group (England)
- Kathmandu (Australia)
- Indochino Inc. (Canada)
- MACKINTOSH (Scotland)
- The North Face (U.S.)
- Arc’teryx (Canada)
- Outdoor Research (U.S.)
- Sierra Designs (U.S.)
- Marmot Mountain, LLC. (U.S.)
Information Source: https://www.fortunebusinessinsights.com/raincoat-products-market-107959
Segments
On the basis of material, the market is classified into Nylon, Vinyl, Polyester, and others.
Based on end-user, the market is bifurcated into adults and kids.
By distribution channel, the market is segmented into online and offline.
Based on geography, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- The latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers
Growing Popularity of Rainy and Summer Season-Purpose Jackets to Drive Market Expansion
The increasing popularity of the rainy and summer-season purpose hoodies and dual jackets among consumers is expected to propel the raincoat products market growth. The rising hiking and leisure trend is expected to raise the number of people wearing rainwear jackets, along with high demand for coats and product revenue support globally, which is expected to boost market expansion. The market is also driven by the changing preference of young individuals toward premium fashionable rainwear items globally.
Regional Insights
Increasing Demand for Seasonal Apparel to Drive Market Growth in North America
North America is expected to hold the largest raincoat products market share during the forecast period. The growth is attributed to the rising demand for different seasonal apparel, including coats, pants, caps, and others, from the U.S. adults. The market in North America is also driven by the increasing need of consumers to wear outdoor recreational gear while performing different outdoor recreational activities, such as hiking, biking, and others in the region.
For instance, according to data from the Government of Canada Department of Statistics, around 77% of people in the country participated in outdoor recreational activities near their homes in 2019.
Competitive Landscape
Increasing Focus of Key Players Focus to Launch New Products to Drive Market Growth
The market for raincoat products comprises major market players, such as Hexa Custom and others. The growing focus of these key players on new product launches to strengthen their position in the market further propels market expansion.
Key Industry Development
October 2021 – ARKET and Tretorn partnered to launch the latest collection of raincoat products for both men and women, which is inspired by the fisherman’s parkas in the U.S. The new collection features reimagined coats for women, children, and men, along with matching rain jackets for dogs.
May 2020 – Hexa Recreation Products Inc.-owned Hexa Custom introduced a fully customizable rain jacket in different sizes, fittings, and color options in the region of Colorado, the U.S.
Comments
0 comment