Global Men’s Coats and Jacket Market Overview
Men’s coats and jacket Market Size was estimated at 129.38 (USD Billion) in 2022. The Men’s coats and jacket Market industry is expected to grow from 133.8(USD Billion) in 2023 to 181.1 (USD Billion) by 2032. The Men’s coats and jacket Market CAGR (growth rate) is expected to be around 3.42% during the forecast period (2024 - 2032).
Key Men’s coats and jacket Market Trends Highlighted
The global men's coats and jackets market is expected to continue its growth in the coming years, driven by various factors. Some of the key market drivers include the rising popularity of athleisure wear, the growing demand for sustainable and eco-friendly clothing, and the increasing disposable income in emerging economies.
The market is also witnessing a trend towards personalization and customization, with consumers seeking tailored products that meet their specific needs and reflect their style. Furthermore, the advent of e-commerce platforms has made it easier for consumers to access a wide range of products, further contributing to the market's growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Men’s coats and jacket Market Drivers
Increasing Demand for Functional and Stylish Coats
The Men’s Coats and Jacket Market is experiencing a growing demand for men’s coats that provide both functionality and style. More and more, contemporary consumers are becoming interested in outerwear that is universal and multipurpose, serving in a variety of weather conditions and emphasizing men’s fashion ideas. Furthermore, this trend is particularly pronounced in the segment of younger consumers. When wearing jackets or coats, they expect both the utmost comfort and an attractive look.That is why clothing producers are directed towards the development of modern designs that factor in latest consumers’ needs. Water and wind resistance, breathability, and an adjustable fit are among the most frequently employed solutions.
Growing Popularity of Athleisure and Outdoor Activities
The growing popularity of athleisure and outdoor activities is another key driver of the Men’s Coats and Jacket Market. The increasing participation in sports, fitness, and outdoor pursuits has led to a rise in demand for coats that are both comfortable and suitable for various activities. Manufacturers are responding to this trend by developing coats with moisture-wicking fabrics, ergonomic designs, and weather-resistant materials. These coats are designed to provide optimal performance and protection for individuals engaging in active lifestyles.
Expansion of Online Retail and E-commerce
One of the industries significantly affected by the expansion of online retail and e-commerce is the Men’s Coats and Jacket Market. With the convenience and ease of access to a variety of items and brand, coats become increasingly less difficult to buy. In addition, e-commerce platforms tend to allow manufacturers to apply a more focused marketing approach while also expanding the customer base. Finally, consumer reviews and social media feedback are likely to be the key driving alongside overall demand.
Men’s coats and jacket Market Segment Insights
Men’s coats and jacket Market Product Type Insights
The Product Type segment is one of the most important when analyzing the dynamics of the Men’s Coats and Jacket Market. In this regard, the market is segmented into the following product types: Overcoats, Jackets, Parkas, Hooded Coats, and Denim Jackets. Overall, in 2023, the Jackets segment held the biggest market share, equaling about 42.3% of the Men’s Coats and Jacket Market revenue. The segment proved an important one as jackets can be worn in any weather and are not specific in terms of the purposes of their wearing. The Overcoats segment, in turn, might become the most improved one over the years of observation, with the CAGR equal to 3.4%.Overcoats are made of heavier and thus warmer materials and are typically worn in cold weather. The growing demand for formal overcoats also fosters the growth of the segment. Parkas are a relatively new trend, and they are typically manufactured in warm and cold conditions. In countries where Parkas are popular, as in the former USSR, the piece of clothing is used in winter days when the temperatures are as low as 50C. In addition, Parkas are worn when doing sport or other outdoor activities. Hooded Coats are practical and warm; moreover, they are not very expensive.These features make the product very popular, and the segment is likely to keep on growing. Finally, Denim Jackets are a basic piece of casual wearing expected to grow at a steady pace. Overall, the Men Coat Jacket Market is likely to keep on growing in the coming years for a number of reasons. This includes regular changes in fashion trends, rising per capita income, and the increasing popularity of outdoor activities.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Men’s coats and jacket Market Closure Type Insights
The Men’s Coats and Jacket Market is segmented by closure type into button closure, zipper closure, snap closure, toggle closure, and drawstring closure. Among these, button closure and zipper closure are the most popular types of closures used in men’s coats and jackets. The button closure segment is expected to account for the largest share of the Men’s Coats and Jacket Market revenue in 2023. Button closures are classic and versatile, and they can be used on a variety of coat and jacket styles. They are also relatively easy to repair, making them a good choice for garments that will be worn frequently.The zipper closure segment is expected to grow at the fastest rate over the forecast period. Zipper closures are convenient and easy to use, and they can be found on a wide range of coat and jacket styles. They are also relatively durable, making them a good choice for garments that will be subjected to wear and tear.
Men’s coats and jacket Market Material Insights
The 'Material' segment plays a crucial role in shaping the Men’s Coats and Jacket Market landscape. Cotton, with its breathability and comfort, holds a prominent share in the market. In 2023, the Cotton segment was valued at USD 38.4 billion and is projected to reach USD 57.2 billion by 2032, exhibiting a CAGR of 4.3%. Polyester, known for its durability and wrinkle resistance, is another significant material type. The Polyester segment was valued at USD 29.7 billion in 2023 and is anticipated to grow to USD 45.5 billion by 2032, registering a CAGR of 4.9%.Wool, a natural insulator, offers warmth and comfort. The Wool segment was valued at USD 22.1 billion in 2023 and is expected to reach USD 34.8 billion by 2032, exhibiting a CAGR of 4.2%. Leather, a premium material, adds a touch of luxury to the market. The Leather segment was valued at USD 17.3 billion in 2023 and is projected to grow to USD 27.6 billion by 2032, registering a CAGR of 4.8%. Nylon, with its lightweight and water-resistant properties, finds application in various types of Men’s coats and jackets. The Nylon segment was valued at USD 15.6 billion in 2023 and is anticipated to reach USD 24.9 billion by 2032, exhibiting a CAGR of 4.6%.Overall, the diverse range of materials used in Men’s coats and jackets caters to different consumer preferences and market niches, driving the growth of the Men’s Coats and Jacket Market.
Men’s coats and jacket Market Length Insights
The Length segment of the Men’s Coats and Jacket Market is categorized into Short, Regular, Long, Oversized, and Cropped. Among these, the Regular length segment held the largest market share in 2023, accounting for approximately 35% of the global market revenue. The popularity of regular length coats and jackets can be attributed to their versatility and suitability for various body types and occasions. The Short length segment is projected to witness significant growth over the forecast period, with a CAGR of 4.2% from 2024 to 2032. The growing demand for stylish and casual outerwear has driven the growth of this segment.The Long length segment is expected to expand at a steady pace during the forecast period, owing to the increasing popularity of long overcoats and trench coats. These garments offer warmth and protection from the elements, making them ideal for colder climates. Oversized and Cropped length segments are witnessing growing popularity, especially among younger consumers. Oversized coats and jackets offer a relaxed and comfortable fit, while cropped jackets add a touch of style and edginess to any outfit. These segments are expected to contribute to the overall growth of the Length segment in the Men’s Coats and Jacket Market.
Men’s coats and jacket Market Style Insights
Style Segment Insights and Overview The Men’s Coats and Jacket Market segmentation by style includes Formal, Casual, Streetwear, Athletic, and Military. Among these, the Casual segment held the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. Casual coats and jackets offer versatility and comfort, making them suitable for various occasions. The growing popularity of athleisure and streetwear trends is further driving the demand for casual coats and jackets. The Formal segment is expected to witness steady growth, driven by the increasing demand for tailored and sophisticated outerwear for professional settings.
Men’s coats and jacket Market Regional Insights
The Men’s Coats and Jacket Market is segmented geographically into North America, Europe, APAC, South America, and MEA. North America is expected to hold the largest market share in 2023, owing to the presence of major market players and high consumer spending on apparel. Europe is projected to be the second-largest market, driven by the growing popularity of fashion and luxury brands. APAC is anticipated to witness the highest growth rate during the forecast period, due to the rising disposable income and increasing urbanization in the region.South America and MEA are expected to contribute a smaller share to the global market, but are likely to experience steady growth in the coming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Men’s coats and jacket Market Key Players And Competitive Insights
Major players in Men’s coats and jacket Market are constantly innovating and developing new products to meet the changing needs of consumers. Leading Men’s coats and jacket Market players are investing heavily in research and development to create new and improved products that are both functional and stylish. The Men’s coats and jacket Market development is being driven by the growing demand for comfortable, stylish, and durable outerwear. Consumers are increasingly looking for coats and jackets that can be worn in a variety of settings, from casual to formal. As a result, manufacturers are offering a wider range of styles and fabrics to meet the needs of consumers.A leading player in the Men’s coats and jacket Market is Canada Goose. The company is known for its high-quality, durable coats and jackets that are designed to withstand the harsh Canadian winters. Canada Goose coats and jackets are made from premium materials, such as goose down and coyote fur, and are designed to provide warmth and comfort in even the coldest conditions. The company has a strong brand reputation and is known for its commitment to quality and craftsmanship.A competitor of Canada Goose in the Men’s coats and jacket Market is The North Face. The company is known for its outdoor apparel and gear, including coats and jackets. The North Face coats and jackets are designed to be functional and durable, and are made from high-quality materials. The company has a strong brand reputation and is known for its commitment to innovation and quality.
Key Companies in the Men’s coats and jacket Market Include
- Eddie Bauer
- Canada Goose
- Uniqlo
- Belstaff
- Massimo Dutti
- Woolrich
- Columbia Sportswear
- Zara
- Patagonia
- H
- Arc'teryx
- Barbour
- Burberry
- The North Face
Men’s coats and jacket Market Developments
The Men’s Coats and Jacket Market has been witnessing steady growth in recent years, driven by factors such as rising disposable income, increasing fashion consciousness, and growing popularity of online shopping. The market is expected to continue its upward trajectory in the coming years, with a projected CAGR of 3.42% during the forecast period of 2024-2032.Some recent news developments and current affairs in the Men’s coats and jacket market include:- In May 2023, the sportswear giant Nike launched a new line of eco-friendly coats and jackets made from recycled materials. This move reflects the growing consumer demand for sustainable fashion products.- In June 2023, the luxury fashion house Gucci announced a collaboration with the outdoor apparel brand The North Face to create a limited-edition collection of coats and jackets. This collaboration highlights the convergence of fashion and functionality in the Men’s coats and jacket market.- In July 2023, the online retailer Amazon launched a new virtual try-on feature for coats and jackets, allowing customers to see how the garments would look on them before making a purchase. This innovation is expected to enhance the online shopping experience for consumers.
Men’s coats and jacket Market Segmentation Insights
- Men’s coats and jacket Market Product Type Outlook
- Overcoats
- Jackets
- Parkas
- Hooded Coats
- Denim Jackets
- Men’s coats and jacket Market Closure Type Outlook
- Button Closure
- Zipper Closure
- Snap Closure
- Toggle Closure
- Drawstring Closure
- Men’s coats and jacket Market Material Outlook
- Cotton
- Polyester
- Wool
- Leather
- Nylon
- Men’s coats and jacket Market Length Outlook
- Short
- Regular
- Long
- Oversized
- Cropped
- Men’s coats and jacket Market Style Outlook
- Formal
- Casual
- Streetwear
- Athletic
- Military
| Report Attribute/Metric |
Details |
| Market Size 2022 |
129.38(USD Billion) |
| Market Size 2023 |
133.8(USD Billion) |
| Market Size 2032 |
181.1(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.42% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Eddie Bauer ,Canada Goose ,Uniqlo ,Belstaff ,Massimo Dutti ,Woolrich ,Columbia Sportswear ,Zara ,Patagonia ,H ,Arc'teryx ,Barbour ,Burberry ,The North Face |
| Segments Covered |
Product Type ,Closure Type ,Material ,Length ,Style ,Regional |
| Key Market Opportunities |
Ecommerce expansion Rising disposable income Growing athleisure trend Technological advancements Increasing awareness of fashion trends |
| Key Market Dynamics |
Growing demand for stylish and functional outerwear Technological advancements in fabric and design Increasing disposable income and changing fashion trends Rise in ecommerce platforms and omnichannel retailing Growing popularity of athleisure and outdoor activities |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Men’s Coats and Jacket Market is expected to be valued at 133.8 billion USD in 2023, with a projected CAGR of 3.42% over the forecast period.
The Asia-Pacific region is expected to hold the largest market share, followed by North America and Europe. Emerging markets in Latin America and the Middle East are also expected to contribute to the growth of the market.
The growing demand for stylish and functional outerwear, increasing disposable income, and rising popularity of e-commerce are some of the key growth drivers of the Men’s coats and jacket market.
Men’s coats and jackets are primarily used for protection against cold weather and harsh weather conditions. They are also used as a fashion statement and to enhance personal style.
Some of the key competitors in the Men’s coats and jacket market include The North Face, Patagonia, Columbia Sportswear, Ralph Lauren, and Burberry.
The increasing popularity of sustainable and eco-friendly materials, the growing demand for personalized and customizable products, and the rise of athleisure wear are some of the key trends shaping the Men’s coats and jacket market.
The fluctuating prices of raw materials, intense competition, and changing consumer preferences are some of the challenges faced by the Men’s coats and jacket market.
The Men’s Coats and Jacket Market is expected to grow at a CAGR of 3.42% over the forecast period from 2023 to 2032.
The growing demand for premium and luxury Men’s coats and jackets, the expansion of e-commerce channels, and the increasing popularity of outdoor activities are some of the key opportunities in the Men’s coats and jacket market.
The Men’s coats and jacket market can be segmented by product type (jackets, coats, vests), material (leather, cotton, nylon), distribution channel (online, offline), and price range.
