Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 317.96 Million | USD 528.13 Million | 5.8% | 2023 |
According to the report published by Zion Market Research, the global Winter Wear Market size was valued at USD 317.96 Million in 2023 and is predicted to reach USD 528.13 Million by the end of 2032. The market is expected to grow with a CAGR of 5.8% during the forecast period. The report analyzes the global Winter Wear Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Winter Wear industry.
Winter wear is a special category of clothing that helps the wearer to protect themselves against the cold climate. These clothes are mostly used as outgoing clothes that require enhanced aesthetic appeal along with their high efficiency to provide protection against rough weather.
Apparel is the oldest industry in the world. Almost every country manufactures apparel and textiles for the global market. More than half of the clothing exports are manufactured and produced in developing countries. Moreover, the increasing global warming has induced consumers to lean on high-quality winter wear more than ever before. The sudden changes in weather coupled with depreciating environmental conditions have bolstered the sales of winter wear clothes.
Companies are also striving hard to fulfill the requirements of the consumer and thus boosting the growth of the global winter wear market. The growing demand of the customers for branded winter wear due to the high influence of people by movies, entertainment channels, and commercial advertisements is also propelling the market growth globally. Companies are concentrating on integrated strategies like expanding the digital presence, events, marketing campaigns, product premiumization, and celebrity endorsements to boost the demand of winter wear in the market. The changing fashion trends and traveling for vacation & workplace is boosting the demand for winter wear among the people.
Moreover, the growing disposable income of the people has increased the purchasing power of the consumers. Thus, it has induced growth in demand for the branded and premium products across the globe, which in turn drives the market growth significantly. There is a significant shift of preference of consumers from conventional to latest arrived apparel coupled with growing traction of people toward lightweight wear which has projected the global winter wear market to grow significantly during the forecast period.
The global winter wear market can be segmented into product, price, end-users, distribution channel, fabric, and region.
By product, the market can be segmented into shawls & scarves, sweaters & cardigans, coats & jackets, and others. The coats & jackets segment holds the largest share in the global winter wear market as it keeps the body warm and it is water-proof clothing. However, the manufacturers are coming with more fashionable apparels to attract customers. The segment is likely to remain dominant during the forecast period. The shawls & scarves segment is anticipated to witness huge growth due to the on-going fashion trend of stylish scarves and shawls as people are highly influenced by the clothing in entertainment sectors.
By price, the market can be segmented into high, medium, and low. Among these, the low costs price segment holds hegemony over others. However, there is constant growth in the high price segments due to the increasing purchasing power of the consumers.
By end-users, the market can be segmented into children, women, and men. The men segment dominates the global winter wear market due to the trendy lifestyle and high penetration of men’s winter clothing.
By distribution channel, the market can be segmented into online retailers, independent small retailers, multi-brand stores, specialty stores, supermarkets, and others.
By fabric, the market can be segmented into manmade and natural.
Report Attributes | Report Details |
---|---|
Report Name | Winter Wear Market |
Market Size in 2023 | USD 317.96 Million |
Market Forecast in 2032 | USD 528.13 Million |
Growth Rate | CAGR of 5.8% |
Number of Pages | 206 |
Key Companies Covered | Crew Group, Inc., American multinational corporation Gap Inc., Recreational Equipment, Inc., Arc'teryx Equipment, Inc., Zara SA, Patagonia, Inc., The North Face, Inc., Columbia Sportswear Company, VF Corporation, Gap Inc., Wintergreen Northern Wear, Eddie Bauer LLC., Newell Brands Inc., Fenix Outdoor International AG, Amer Sports Corporation, Hennes & Mauritz AB, Canada Goose Inc., Inditex, Marmot Mountain LLC, Forever21 Inc., The TJX Companies Inc., New Balance, Under Armour Inc., PUMA SE, Adidas, Helly Hansen, Canada Goose Inc., Walmart, Macys.com LLC, Patagonia, and Fjällräven |
Segments Covered | By product, By price, By end-users, By distribution channel, By fabric 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 |
Asia Pacific accounts for the largest share in the global winter wear market owing to the acceptance of a wide spectrum of categories of winter wear in countries like India and China.
The Middle East and Africa is anticipated to witness huge growth due to the significant rise in the demand for such wear.
The market players are adopting several strategies and effective tactics to launch innovative products in the market to increase the market revenue. Some of the significant players in the global winter wear market are :
The Global Winter Wear Market is segmented as follows:
By product
By price
By end-users
By distribution channel
By fabric
FrequentlyAsked Questions
Apparel is the oldest industry in the world. Almost every country manufactures apparel and textiles for the global market. More than half of the clothing exports are manufactured and produced in developing countries. Moreover, the increasing global warming has induced consumers to lean on high-quality winter wear more than ever before. The sudden changes in weather coupled with depreciating environmental conditions have bolstered the sales of winter wear clothes.
Some of the significant players in the global winter wear market are Crew Group, Inc., American multinational corporation Gap Inc., Recreational Equipment, Inc., Arc'teryx Equipment, Inc., Zara SA, Patagonia, Inc., The North Face, Inc., Columbia Sportswear Company, VF Corporation, and Gap Inc.
Asia Pacific accounts for the largest share in the global winter wear market owing to the acceptance of a wide spectrum of categories of winter wear in countries like India and China.
The Middle East and Africa is anticipated to witness huge growth due to the significant rise in the demand for such wear.
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