Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2,800 million | USD 7,300 million | 11.23% | 2023 |
The global rainwear market size was evaluated at $2,800 million in 2023 and is slated to hit $7,300 million by the end of 2032 with a CAGR of nearly 11.23% between 2024 and 2032.
Rainwear is clothing that protects the wearer as well as their clothes from rain and mud. Rain jackets, rain boots, and raincoats are a few of the examples of rainwear products. The quality & longevity of rainwear depends on the material from which it is made. A slew of raw materials is used in the manufacture of rainwear including vinyl, nylon, and polyester.
A rapid increment in the recreational activities to spearhead the growth of the global market by 2032
A prominent increase in recreational activities such as running, jogging, hiking, and camping is anticipated to steer the growth of the global rainwear market. Swiftly changing climatic conditions and the production of effective rainwear will contribute majorly towards the expansion of the global market. An increase in the outdoor games post-COVID-19 pandemic along with the rise in the working populace will contribute majorly to the global market size.
Growing demand for protective clothing by individuals as it offers protection to them against dust, pollution, heat, and wind will drive the global market trends. With commuters in every nick & corner across the globe wearing rainwear, the market for rainwear is likely to expand leaps & bounds in the coming years
Growing environment awareness and increase in raw component prices can hinder the global industry expansion over 2024-2032
Surging environmental awareness along with a rise in raw material costs can impede the expansion of the global rainwear industry. Moreover, the oilcloth material utilized for producing rainwear is heavy. However, an individual finds it difficult to wear the product and participate in outdoor events. This feature of the product can hinder the growth of the industry globally.
A rising millennial population along with their preference towards outdoor games to spur the global market expansion
Surging millennial populace and their inclination towards outdoor fun activities such as trekking and mountaineering will prop up the expansion of the global rainwear market. Apart from this, a rise in the per capita income along with changing life patterns will open a plethora of growth opportunities for the global market.
Changing product prices can put a huge challenge towards the global industry expansion over forecast period
Oscillation in costs of rainwear along with fluctuating raw material prices can pose a huge challenge to the growth of the global rainwear industry.
The global rainwear market is divided into product, end-user, distribution channel, and region.
In product terms, the rainwear market across the globe is segregated into jackets, suits, and pants segments. Furthermore, the jackets segment, which acquired nearly 45% of the global market earnings in 2023, is predicted to register the fastest annual rate of growth in the forecast timeline. The expansion of the segment in the next eight years can be due to rise in the demand for jackets by the youths and working professionals. In addition to this, the escalating use of rain jackets owing to introduction of new product designs along with their ease of availability will further steer the segmental surge.
On the basis of end-user, the global rainwear industry is segmented into men, kids, and women segments. Additionally, the men segment, which amassed a key share of the global industry in 2023, is forecast to lead the segment sphere in the next few years. The segmental growth from 2024 to 2032 can be due to rise in demand for the rainwear by men across the globe as most of them are working professionals.
Based on the distribution channel, the global rainwear market is sectored into offline and online segments. Moreover, the offline segment, which accumulated about 60% of the global market share in 2023, is predicted to make notable contributions towards the global market share over the assessment period. The growth of the segment in the coming years can be attributed to increase in the availability of the product in retail stores, hypermarkets, and supermarkets. Furthermore, a rise in the offering of discounts on the product in supermarkets leading to surge in the product sales will steer the segmental growth.
Report Attributes | Report Details |
---|---|
Report Name | Rainwear Market |
Market Size in 2023 | USD 2,800 Million |
Market Forecast in 2032 | USD 7,300 Million |
Growth Rate | CAGR of 11.23% |
Number of Pages | 225 |
Key Companies Covered | Stutterheim, Patagonia Inc., Arc’teryx(Amer Sports Corporation), NZ Seasonalwear Pvt Ltd, Columbia Sportswear Company, Marmot Mountain LLC, The North Face (VF Outdoor LLC), Wildcraft India Private Limited, Ducktail Rainwear, Outdoor Research., and others. |
Segments Covered | By Product, By End-User, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is predicted to maintain the leading position in the global rainwear market in the ensuing years
North America, which accounted for nearly half of the global rainwear market proceeds in 2023, is expected to establish dominance in the global market even in the years ahead. In addition to this, the regional market expansion in the next couple of years can be due to flourishing textile sector in the countries such as the U.S. which has played a major role in influencing the expansion of the regional market. Furthermore, a steep increment in the use of rainwear in outdoor events such as football, motor biking, and hiking as well as winter sports events will steer the regional market surge.
Asia-Pacific rainwear industry is anticipated to register the fastest CAGR in the forecast timeline. The progress of the industry in the region can be attributed to a massive increment in the working populace in the countries such as India and China. An increase in participation in outdoor activities in Asian countries will further steer the industry expansion in the region. Presence of key manufacturers in these countries will steer the industry expansion in the region.
The global rainwear market profiles key players such as:
By Product
By End-User
By Distribution Channel
FrequentlyAsked Questions
Rainwear is clothing that protects the wearer as well as their clothes from rain and mud.
The global rainwear market growth over forecast period can be owing to a prominent increase in the recreation activities such as running, jogging, hiking, and camping.
According to a study, the global rainwear industry size was $2,800 million in 2023 and is projected to reach $7,300 million by the end of 2032.
The global rainwear market is anticipated to record a CAGR of nearly 11.23% from 2024 to 2032.
The Asia-Pacific rainwear industry is set to register the fastest CAGR over the forecasting timeline owing a massive increment in the working populace in the countries such as India and China. An increase in participation in the outdoor activities in the Asian countries will further steer the industry expansion in the region. Presence of key manufacturers in these countries will steer the industry expansion in the region.
The global rainwear market is led by players such as Stutterheim, Patagonia, Inc., Arc’teryx (Amer Sports Corporation), NZ Seasonalwear Pvt Ltd, Columbia Sportswear Company, Marmot Mountain, LLC, The North Face (VF Outdoor LLC), Wildcraft India Private Limited, Ducktail Rainwear, and Outdoor Research
The global rainwear market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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