Moda
Rainwear Market Size Poised To Expand At 6.4% CAGR By 2028, Owing To Rising Brand Recognition & increasing Working-Class Population Globally | Million Insights
An increase in brand recognition and arising working-class population in emerging economies, including China , are driving the market. Moreover, busy lifestyles and growing safety awareness among individuals are expected to expand the scope of clothing for protection during the rainy season.
Rainwear is considered to be an important accessory in the fashion world, thereby driving the market over the forecast period. The major factors responsible for market growth are increased disposable income in developing economies and increasing product demand. Furthermore, the availability of such products through online and offline platforms is the other factor contributing to market growth.
Rain jackets held the largest share of more than 35.0% in 2020. It is the most preferred choice of customers globally. The demand for rain jackets is projected to be high in the future due to the increasing number of working professionals. In addition, changing climatic conditions and increasing urbanization are driving the demand for rain jackets. This is anticipated to drive the segment over the forecast period.
Please click here to get the sample pdf and find more details on Report 2028.
North America dominated the market with a revenue share of more than 35.0% in 2020 due to the high purchasing power of the consumers in the U.S. and Canada . As the North American market presents attractive opportunities for the consumer goods sector, it is projected to witness significant growth over the forecast period. Moreover, the increasing purchasing power of the consumers in this region is driving the market. Asia Pacific is estimated to be the fastest-growing regional market over the forecast period due to the rising demand for rainwear in China and India .
Asia Pacific is expected to register the fastest CAGR of 7.5% from 2021 to 2028 owing to the growing trend of rainwear in countries, including China and India .
By product, rain jacket captured the largest share of greater than 35.0% in 2020 owing to the increasing working women population at the global level.
Online distribution channel held the largest share of more than 69.0% in 2020 due to the easy availability of product and ease in comparing features.
The establishment of partnerships to undergo sustainable developments and new product launches are some of the strategies utilized by industry participants to gain a competitive edge in the market.
https://www.millioninsights.com/industry-reports/global-rainwear-market
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com
Web: https://www.millioninsights.com/
Follow Us: LinkedIn | Twitter