Product ID: SQMIG30L2122
Report ID: SQMIG30L2122 | Region: Global | Published Date: June, 2023 | Pages: 157 | Tables: 88 | Figures: 76
Women’s Coats and Jackets Market size was valued at USD 75 billion in 2021 and is poised to grow from USD 77.4 billion in 2022 to USD 111.7 billion by 2030, growing at a CAGR of 4.5% in the forecast period (2023-2030).
Rising per capita income, the number of working women, and increased purchasing power all contribute to the market expansion. Additionally, the market is expanding as corporate cultures around the world advance. Additionally, businesses are implementing automatic machinery to boost output while lowering associated costs. The manufacturers' main goal is to grow their customer base by reaching out to them in various ways, like through e-commerce platforms and by providing discount programs. To entice more customers to use their online platform and further accelerate market growth, businesses offer various enticing offers discounts. To reach a larger customer base and increase sales, retailers that are also vendors are expanding their business online. Additionally, the major players are investing in cutting-edge technology like AI and AR to boost customer satisfaction because it allows them to test the products without any personal contact quickly.
US Women’s Coats and Jackets Market is poised to grow at a sustainable CAGR for the next forecast year.
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Global Women’s Coats and Jackets market is segmented by type, distribution channel, material type, and region. Based on product type, the Women’s Coats and Jackets Market can be segmented into denim, and leather. Based on distribution channel, the Women’s Coats and Jackets Market is segmented into offline market, and online market. Based on material type, the Women’s Coats and Jackets Market is segmented into Wool, Cotton, Synthetic Materials, and Others. Based on region, the Women’s Coats and Jackets Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Women’s Coats and Jackets Market Analysis by Product Type
By product type the market can be segmented denim, and leather. The denim segment dominated the global market. The denim segment includes jackets and coats made from denim fabric. The segment's popularity can be attributed to its durability, versatility, and timeless style.
The leather segment is the fastest growing segment, which includes jackets and coats made from leather material. The leather segment is a niche market in the women’s coats and jackets industry, with a smaller market share than the denim segment. However, the segment has grown steadily in recent years due to the increasing demand for high-quality, durable outerwear.
Women’s Coats and Jackets Market Analysis by Distribution Channel
By distribution channel, the market can be segmented into offline and online. This offline segment dominated the global market. The offline segment includes retail stores, supermarkets, and hypermarkets. Consumers prefer to purchase outerwear from physical stores as it allows them to try on the garment and assess its quality before purchasing. The segment is expected to maintain its dominance in the coming years due to consumers' preference for traditional shopping methods.
The online market segment is the fastest-growing distribution channel for women’s coats and jackets. The online market segment includes e-commerce websites, social media platforms, and company websites. Online shopping offers convenience and accessibility to consumers, which has led to the increasing popularity of online shopping.
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The North American region dominated the global market, with the United States being the largest contributor to the region's growth. This can be attributed to the region's cold climate, high disposable incomes, and well-established retail infrastructure. Key players in the region are focused on offering high-quality, functional, and fashionable outerwear to meet the diverse needs of customers.
The APAC region is expected to be the fastest-growing market due to the increasing demand for women's outerwear and rising disposable incomes. China, Japan, and India are the key markets in the region, with China being the largest contributor to growth. The rise of e-commerce platforms and the adoption of western fashion trends are driving regional demand. Key players are focusing on offering affordable and functional outerwear with trendy designs to appeal to the growing customer base in the region.
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Women’s Coats and Jackets Market Drivers
Increasing demand for sustainable and eco-friendly materials
Women’s Coats and Jackets Market Restraints
High production costs
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The global women's coats and jackets market is highly competitive, with a large number of manufacturers and brands operating in the industry. Companies are focused on developing unique designs, utilizing innovative materials and manufacturing techniques, and offering a wide range of styles to appeal to a diverse customer base. Key strategies employed by companies in the market include product launches, collaborations, and mergers and acquisitions. In addition, the rise of e-commerce platforms has led to increased competition, with companies seeking to enhance their online presence and provide seamless shopping experiences for customers.
Women’s Coats and Jackets Market Top Player’s Company Profiles
Women’s Coats and Jackets Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global women's coats and jackets market analysis, the market growth is driven by factors such as the increasing demand for sustainable and eco-friendly materials and the rise of athleisure wear. While North America dominated the global market, the APAC region is expected to grow the fastest due to changing consumer preferences and increasing disposable incomes. The market is highly competitive, with many manufacturers and brands vying for market share through product launches, collaborations, mergers, and acquisitions. However, high production costs and supply chain disruptions may pose challenges to growth in the short term.
|Market size value in 2021||USD 75 billion|
|Market size value in 2030||USD 77.4 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Women’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 Women’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.
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