With the emergence and long-term Impact of COVID-19, Global Winter Wear Market to reach USD 444.66 Billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Winter Wear Market points towards a potential rise to USD 444.66 Billion by 2030. Winter wear comprises clothing and boots designed to regulate the body’s temperature during the cold season. A wide range of winter clothing styles are available, including cardigans, scarves, wraps, shawls, suits, and coats. Fashion-conscious individuals worldwide can find various trendy winter clothes on the market to meet their needs. The winter wear market is expanding due to an increase in consumer purchasing power and demand for premium and branded products.
Geographically, the global Winter Wear market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). The Asia Pacific region dominates the market due to a rise in acceptance of a wide variety of winter wear in countries such as China, Japan, and India, along with a large population base in the region. Moreover, changing weather conditions in Southeast Asia countries have led to a significant share of winter wear apparel in the region.
Middle East and Africa are expected to grow significantly over the forecast period, owing to rising demand for globally trending winter wear products in specific regions such as Saudi Arabia, South Africa and UAE. However, sudden changes in low-temperature conditions in the African countries have contributed to the rise in demand for the products over the forecast period.
The global Winter Wear market is highly competitive owing to the presence of several key players such as Zara SA Gap Inc. VF Corporation Recreational Equipment, Inc. (REI) J. Crew Group, Inc. Patagonia, Inc. The North Face, Inc. Columbia Sportswear Company Eddie Bauer, LLC Arc’teryx Equipment, Inc., and others.
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Key findings of the study suggest:
- Global Winter Wear Market is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2023-2030.
- In the Product segment, Coats & Jackets emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to the rise in acceptance of a wide variety of winter wear in countries such as China, Japan, and India, along with a large population base in the region.
- Europe is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Coats & Jackets
- Sweaters & Cardigans
- Shawls & Scarves
- Others
By End Use:
- Men
- Women
- Children
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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