US Jackets Market Research Report Information By Fiber (Cotton, Polyester, Cellulosic, and Others), By Distribution Channel (Offline and Online) –Market Forecast Till 2032
ID: MRFR/CR/10992-HCR | 128 Pages | Author: Varsha More| November 2024
US Jackets Market Size was valued at USD 50.3 Billion in 2022. The jackets market industry is projected to grow from USD 53.1 Billion in 2023 to USD 81.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.51% during the forecast period (2023 - 2032). The necessity to safeguard the body from changing environments and the increasing acceptance of corporate culture are key market drivers driving this industry's expansion.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Given its substantial influence on consumer buying habits and preferences, seasonal demand is a key driver of the jacket market CAGR. In areas like the United States that have distinct seasons, this effect is most noticeable. Warm, insulated jackets are in high demand during the cooler months, which usually run from late fall to early spring. They consist of parkas, down jackets, and heavy-duty winter coats. Customers are prepared to spend money on high-quality, insulated jackets in order to protect themselves from the elements, including rain, snow, and cold. Additionally, transitional jackets are in demand throughout the spring and autumnal transitions between winter and summer. These are adaptable, lightweight jackets that keep you comfortable in milder conditions. Raincoats, windbreakers, and lighter fleece jackets are examples of spring jackets. Furthermore, seasonal demand can differ dramatically between US locations. For instance, the northern states may have a longer time of lower jacket demand, whereas the southern states may have a stronger demand for winter coats. Seasons also influence fashion trends. New collections and styles are introduced by manufacturers and designers in line with the forthcoming season. Moreover, sales of jackets experience a notable surge during the holiday season, which falls during winter in the US, as people buy winter apparel and gifts for their loved ones.
Similarly, a lot of outdoor pursuits are quite seasonal, including mountaineering, hiking, camping, skiing, and snowboarding. During particular seasons of the year, usually the colder or transitional ones, people usually participate in these kinds of activities. Outdoor activities are seasonal, which means there is a steady need for specialty jackets made to be comfortable and protective in a range of weather situations. Additionally, jackets for outdoor lovers need to be extremely useful as well as fashionable. Warmth, insulation, waterproofing, breathability, and durability are all necessary for their jackets. In order to fulfill these functional criteria, jackets made specifically for outdoor use are created using cutting-edge materials and technology. Moreover, the demand for outdoor activities propels technological and design innovation in jackets. Companies keep spending money on R&D to make coats that function amazingly well in harsh environments. This includes elements like adjustable layers, strengthened seams, and textiles that drain away moisture. Thus, this is also driving the jackets market revenue.
The US Jackets market segmentation, based on fiber includes cotton, polyester, cellulosic, and others. The polyester category dominated the market mostly. The synthetic fiber known as polyester is made up of molecules with an ester functional group. This fiber, which comes from petroleum, is one of the most widely used ones in the global textile business. This fiber is utilized to make clothing products since it is more affordable and long-lasting.
Figure 1: US Jackets Market, by Fiber, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The US Jackets market segmentation, based on distribution channel, includes offline and online. The offline category generated the most income. When buying clothing, consumer goods, coats and jackets, and other things, consumers are leaning toward making their purchases offline because it allows them to personally inspect the merchandise. In addition, the ability to find a large selection of men's clothing under one roof has contributed to the growth in popularity of supermarkets, convenience stores, and shopping centers in recent years.
A number of variables have combined to create a significant increase in the US jacket market in recent years. Demand is increasing for a broad range of jacket types, from trendy and urban designs to practical and sport-specific solutions, due to shifting customer tastes and lifestyle trends. Additionally, e-commerce has been crucial in giving consumers a simple and convenient option to search and purchase jackets on websites. Furthermore, the increased awareness of sustainability and ethical consumption has compelled companies to provide jacket options that are ethically sourced and environmentally sustainable in order to cater to a more responsible client base. In addition, the market has been further stimulated by the influence of weather variations and the growing popularity of outdoor activities, leading to advancements in jacket technologies and materials to satisfy the demands of outdoor enthusiasts. The US jacket market has grown robustly and dynamically as a result of all these variables coming together. This has created a competitive environment where businesses must constantly adapt to the changing needs of consumers.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the jackets market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, jackets industry must offer cost-effective items.
Key Companies in the jackets market include
Report Attribute/Metric | Details |
Market Size 2022 | USD 50.3 Billion |
Market Size 2023 | USD 53.1 Billion |
Market Size 2032 | USD 81.5 Billion |
Compound Annual Growth Rate (CAGR) | 5.51% (2023-2032) |
Base Year | 2022 |
Market Forecast Period | 2023-2032 |
Historical Data | 2018- 2022 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Fiber, Distribution Channel, and Region |
Countries Covered | US |
Key Companies Profiled | Dior, H&M Hennes & Mauritz AB, CHANEL, Guccio Gucci S.p.A., PRADA, Burberry Group Plc, Giorgio Armani S.p.A., Dolce & Gabbana S.r.l., Gianni Versace S.r.l., Louis Vuitton, Inc. |
Key Market Opportunities | · Increasingly, customers in emerging nations are becoming interested in outdoor activities · Online retailing offers a comfortable buying experience |
Key Market Dynamics | · Presence of well-known, trustworthy companies with a large consumer base · Advance technological know-how in creating high-performing outdoor apparel |
Frequently Asked Questions (FAQ) :
The US Jackets market size was valued at USD 50.3 Billion in 2022.
The market is projected to grow at a CAGR of 5.51% during the forecast period, 2023-2032.
The key players in the market are Dior, H&M Hennes & Mauritz AB, CHANEL, Guccio Gucci S.p.A., PRADA, Burberry Group Plc, Giorgio Armani S.p.A., Dolce & Gabbana S.r.l., Gianni Versace S.r.l., Louis Vuitton, Inc.
The polyester category dominated the market in 2022.
The offline category had the largest share in the market.
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