What is the global market size of the Men’s Coats and Jackets Market?

Global Men’s Coats and Jackets Market size was valued at USD 48.5 billion in 2021 and is poised to grow from USD 50.97 billion in 2022 to USD 75.89 billion by 2030, growing at a CAGR of 5.1% in the forecast period (2023-2030).

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.

Global Men’s Coats and Jackets Market Report Snapshots

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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. '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.'

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.

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.

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.

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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

Global Men’s Coats and Jackets Market Insights

Global Men’s Coats and Jackets Market Report Snapshots

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