USD 50.97 billion
Global Men’s Coats and Jackets Market Size, Share, Growth Analysis, By Fiber Outlook(Polyester, Cotton), By Distribution Channels(Offline and Online) - Industry Forecast 2024-2031
Report ID:
SQMIG25K2059 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
61 |
Figures:
75
Global Men’s Coats and Jackets Market Insights
Global Men’s Coats and Jackets Market size was valued at USD 50.97 billion in 2022 and is poised to grow from USD 53.57 billion in 2023 to USD 79.75 billion by 2031, at a CAGR of 5.10% during the forecast period (2024-2031).
The market is driven by a number of factors, including changing fashion trends, seasonal weather patterns, and consumer preferences for particular styles and brands. There has been a growing trend toward sustainability and ethical fashion in the men's coats and jackets market in recent years. Many consumers seek out products made from eco-friendly materials or produced using fair labor practices. This has led to the emergence of a number of new brands and companies that specialize in sustainable and ethical men's outerwear. The market is expanding due to rising per capita income and purchasing power. Also, manufacturers are using more automatic equipment, which boosts coat and jacket output while lowering costs. The companies' emphasis on growing their clientele through discount programs and other contact methods, such as e-commerce platforms, is anticipated to hasten the market's expansion.
US Men’s Coats and Jackets Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Offline
Fastest Growth
Offline
Growth Rate
5.10% CAGR
Global Men's Coats and Jackets Market 2021-2030 ($ Bn)
Country Share for Europe Region- 2021 (%)
Global Men's Coats and Jackets Market Size By Distribution Channels 2021-2030 ($ Bn)
Global Men's Coats and Jackets Market Size By Distribution Channels 2021-2030 (%)
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Global Men’s Coats and Jackets Market Segmental Analysis
Global Men’s Coats and Jackets Market is segmented on the basis of Fiber Outlook, Distribution Channels, and region. By Fiber Outlook, the Men’s Coats and Jackets Market is segmented into, Polyester, Cotton, Cellulosic and others. By Distribution Channels, Men’s Coats and Jackets Market is segmented into Offline and Online. By region, the Men’s Coats and Jackets Market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Men’s Coats and Jackets Market Analysis by Fiber Outlook
The Polyester segment dominated the Global Men’s Coats and Jackets Market. Compounds with the ester functional group are present in polyester, a form of synthetic fiber. One of the most widely used fibers in the textile industry in the world, this fiber is made from petroleum. For the production of garments, this fiber provides a reliable and economically advantageous material. Since polyester fiber is resistant to a variety of external factors, consumers choose clothing produced from it.
The Cotton segment is expected to grow at the fastest CAGR. Because it is permeable and absorbent, cotton is primarily used in the textile industry to keep people comfortable in cool weather and absorb sweat. As cotton has no negative effects on the skin and is comfortable, it is one of the top favorites in the business compared to other synthetic and natural fibers. The market revenue has grown at a high rate as a result of this.
Men’s Coats and Jackets Market Analysis by Distribution Channel
The Offline segment dominated the Global Men’s Coats and Jackets Market. Almost 80% of the market in 2021 was distributed through offline distribution channels. Sports shops, wholesalers, and retail establishments are examples of offline channels. To physically inspect the goods they are buying, consumers prefer to purchase consumer goods, clothing, coats and jackets, and other products offline.
The Online growing segment is expected to grow at the fastest CAGR. To increase product sales, several manufacturers of these goods are selling their goods online and through e-commerce platforms. For the past few years, the percentage of people using the internet has seen a profitable increase. The e-commerce industry has grown significantly as a result, which has fuelled the expansion of this market segment
Global Men's Coats and Jackets Market Size By Distribution Channels 2021(%), 2023 (%)
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Global Men’s Coats and Jackets Market Regional Insights
Europe dominated the global market. The market income benefits from the economies of industrialized nations like Germany, the U.K., and France. Significant variables anticipated to impact the market's growth in this region include the population's financial independence, increased per capita income, and shifting fashion trends.
Asia Pacific market is expected to grow at the fastest CAGR. The regional market is expanding thanks in part to China and India. The region is seeing significant demand for clothing due to the expanding population, rising numbers of working women, and shifting fashion trends. Due to the affordable labor prices and easy access to raw materials, which leads to low production costs, many international corporations are developing in this region.
Global Men's Coats and Jackets Market Size By Geography, 2021-2030, 2024-2031
- Largest
- Fastest
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Global Men’s Coats and Jackets Market Dynamics
Men’s Coats and Jackets Market Drivers
Fashion trends
- Consumers are attracted to bright colours, bold patterns, and unique styles that help them stand out from the crowd. The athleisure trend, which emphasizes comfort and function, has influenced the design and functionality of men's jackets. There has been an increase in demand for lightweight, breathable, and stretchable materials that allow for easy movement. Vintage and retro styles are making a comeback in men's fashion, which is also influencing the design of men's coats and jackets. Designers are incorporating classic styles and materials, such as tweed, into modern designs.
Growing e-commerce industry
- The growth of e-commerce has made it easier for consumers to access a wider range of men's coats and jackets from around the world. This has increased the market size and boosted sales. Online shopping provides a convenient way for consumers to purchase men's coats and jackets from the comfort of their own homes. This has led to increased demand and sales.
Men’s Coats and Jackets Market Restraints
Rising production costs
- As production costs rise, manufacturers may increase the prices of their men's coats and jackets to maintain their profit margins. This can result in higher prices for consumers, which can reduce demand and sales. Rising production costs can also reduce the profit margins for manufacturers. If production costs increase in one region, manufacturers may relocate to other countries where costs are lower. This can result in increased competition and a higher supply of men's coats and jackets in the market, which can lead to lower prices.
Difficulty in sourcing materials
- If manufacturers are unable to source affordable and high-quality materials, they may have to pay higher prices for alternative materials or invest in new supply chains. This can increase their production costs and lead to higher prices for consumers. If manufacturers are forced to use lower quality materials due to difficulty sourcing high-quality materials, it can lead to lower quality products. This can damage the reputation of the brand and reduce demand and sales.
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Global Men’s Coats and Jackets Market Competitive Landscape
The Global Men’s Coats and Jackets Market is distinguished by the existence of numerous well-established players as well as numerous small and medium-sized players. Companies are putting a lot of effort into new product introductions to keep up with consumer expectations as fashion consciousness changes. These programmes should increase the pace at which consumers accept the products. The suppliers are aggressively using organic and inorganic methods to spread their footprints worldwide.
Men’s Coats and Jackets Market Top Player’s Company Profiles
- VF Corporation
- Canada Goose Inc.
- The North Face, Inc.
- Burberry Group plc
- Moncler S.p.A.
- Patagonia, Inc.
- Arc'teryx Equipment, Inc.
- Columbia Sportswear Company
- H&M Hennes & Mauritz AB
- Lululemon Athletica Inc.
- Nike, Inc.
- Puma SE
- Under Armour, Inc.
- Adidas AG
- Ralph Lauren Corporation
- Tommy Hilfiger Licensing LLC (owned by PVH Corp.)
- Calvin Klein, Inc. (owned by PVH Corp.)
- Levi Strauss & Co.
- Zara (owned by Inditex)
- J. Crew Group, Inc.
Men’s Coats and Jackets Market Recent Developments
- In January 2023, During the HAHNENKAMM Races 2023 , BOSS released a new perfect moment collaboration.
- In December 2022, Patagonia announced plans to expand its used clothing program, Worn Wear, which encourages customers to repair and reuse their clothing rather than buying new items.
- In November 2022, H&M of Sweden will cut its total emissions in the scope 1, 2, and 3 by 56% by 2030.
Global Men’s Coats and Jackets Key Market Trends
Men’s Coats and Jackets Market Sustainability
- Many brands are now using sustainable materials, such as organic cotton, recycled polyester, and sustainable wool, in their men's coats and jackets. These materials have a lower environmental impact and are more socially responsible. In addition to using sustainable materials, brands are adopting sustainable practices in their production processes. This includes using renewable energy, reducing water consumption, and minimizing waste.
Global Men’s Coats and Jackets Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Men’s Coats and Jackets Market analysis, the market is influenced by various factors, including fashion trends, technological innovations, and consumer preferences. The market is competitive, with many top players operating globally. One significant trend in the market is the growing focus on sustainability. Consumers are increasingly interested in environmentally friendly products, and many brands are responding by using sustainable materials, adopting sustainable practices, seeking certification, and implementing circular economy initiatives. Another trend is the rise of e-commerce, which has significantly impacted the market. The global men's coats and jackets market is expected to grow in the coming years, driven by fashion trends, technological innovations, and consumer preferences. Brands that can differentiate themselves by offering high-quality, sustainable products and effective online sales strategies are likely to succeed in this competitive market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 50.97 billion |
| Market size value in 2031 | USD 79.75 billion |
| Growth Rate | 5.10% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Men’s Coats and Jackets Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Men’s Coats and Jackets Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Men’s Coats and Jackets Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Men’s Coats and Jackets Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Men’s Coats and Jackets Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Men’s Coats and Jackets Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Men’s Coats and Jackets Market Report Snapshots
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