The global winter wear market size is envisaged to gain steady momentum over the next few years owing to growing demand for woven-crafted winter apparels. Thus many companies are launching winter wears to attract their customers. For instance, in September 2020, Abroadens Internation Co. Ltd announced the launch of winter wear and autumn clothing collection for men and women. The collection includes jackets and trousers under the brand name PING, states Fortune Business Insights™, in its report, titled, “Winter Wear Market, 2023-2030”.
Fortune Business Insights™ lists out all the winter wear market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
- Adidas AG.
- Newell Brands
- H&M Hennes & Mauritz
- VF Corporation
- GAP Inc.
- The North Face
- Pentagon S.A.
- Wintergreen Northern Wear
- Eddie Bauer
- Fenix Outdoor International AG
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Salient Features of the Report:
The report gives a thorough analysis of the latest market trends, top market segments, and factors that are majorly driving the market. The different market segments and their regional analysis are also comprehensively discussed in the report. Additionally, the report talks about the dominant strategies adopted by key market players and the impact of COVID-19 on the market.
Drivers & Restraints
The Increasing Clothing Industry Infrastructure to Drive Market Growth
The rising demand for woven crafted winter apparels and its availability in different sizes and colors is expected to boost the winter wear market growth. Additionally, inclination of consumers towards buying of premium apparel is creating new opportunities for the market. Moreover, the increasing infrastructure related to clothing industry and presence of large number of stores is also fueling the products demand. For instance, in the United States, Old Navy, clothing company opened 7,200 new stores in 2017. Such factors are expected to generate traction for the market in upcoming years.
On the other hand, large production time and extensive R&D investments are the major market constraint.
Regional Insights
Asia Pacific to Dominate Backed by Increasing Consumption of Woolen Wear in the Region
Asia Pacific is expected to remain at the forefront and hold the largest position in the market during the forecast period owing to the larger consumption of woolen clothing in countries such as China, India and Korea. Additionally, a report by United States Department of Agriculture states that demand for knitted footwear, apparels, headgear and textiles increased in China by 7.7% from year 2017. Furthermore, changing lifestyle and income of population is expected to fuel the regional market.
North America is expected to showcase significant winter wear market share in upcoming years, owing rising trend of outdoor recreational activities in United States and Mexico. Additionally, increasing trend of import in the U.S. and Canada is also expected to fuel the regional market.
Segmentation
By product type, the market is segmented into jackets and coats, shawl & scarf, hand gloves & footwear and others. By material, the market is divided into wool, silk, leathers and others. By distribution, the market is segmented into hypermarkets & supermarkets, specialty stores and online stores and others. By end users, the market is trifurcated into women, men and kids.
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Competitive Landscape
Key Players to Focus on Launching New Products to strengthen the Market Growth
The global market for computing mouse has many prominent companies that are constantly trying to develop unique devices to cater to the demand of consumers across the globe. To do so, they are joining hands with local or reputed firms, launching new products to strengthen their portfolio in the market.
The Global Winter Wear Market Research/Analysis Report Contains Answers to your following Questions:
- Which Manufacturing Technology is used for Winter Wear? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Winter Wear Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Market Status of Winter Wear Market? What Was Capacity, Production Value, Cost and PROFIT of Winter Wear Market?
- What Is Current Market Status of Winter Wear Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Winter Wear Market Trends by Taking Applications and Types in Consideration?
- What Are Projections of Global Winter Wear Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- What Is Winter Wear Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Winter Wear Industry? What are Global Winter Wear Analysis Results? What Are Global Winter Wear Development Trends?
- What Are Market Dynamics of Winter Wear Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Winter Wear Industry?
Below is industry developments:
- January 2020: Reima OY Company, a leading company for kidswear woolen clothing announced the launch of children’s autumn/winter 2020 collection.
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