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The raincoat market size is forecast to increase by USD 205.7 million, at a CAGR of 3.9% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, with dynamic market activities unfolding across various sectors. Commuting wear, once a niche category, has gained significant traction due to the increasing demand for functional and stylish rain gear. Raincoats are no longer just utilitarian items; they now come with adjustable fits, button and snap closures, and fashionable styling. Performance testing is a critical aspect of the market, ensuring waterproofing and windproof technology. Raincoats are subjected to rigorous testing, including rainproof coating application, seam sealing, and water resistance rating assessments. Sustainable materials, such as recycled fabrics and ethical production methods, are increasingly being adopted to cater to the growing consciousness towards environmental sustainability.
Comfort is a key consideration, with temperature regulation and moisture wicking features becoming standard. Durable construction, rain pants, rain boots, and rain hats are essential components of a complete rainwear system. Rain gloves, reflective elements, and hood designs are added features that enhance functionality. Pocket configurations, rainwear accessories, and pattern variations offer consumers a wide range of choices. Lightweight materials and protective clothing ensure that raincoats are not just functional but also comfortable and fashionable. The ongoing unfolding of market activities and evolving patterns in the market promise exciting developments in this dynamic sector.
The raincoat industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
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The offline segment is estimated to witness significant growth during the forecast period.
In the market, specialty stores held the largest market share in 2023, primarily through offline distribution channels. Advanced raincoat designs and a wide range of brands and product offerings are driving the growth of this segment. Simultaneously, department stores followed closely, contributing significantly to the market revenue. Department store retailers distinguish themselves through unique store designs, merchandise, and customer service. Companies are investing in marketing, advertising, promotions, brand building, training, and IT support to establish their retail outlets. Sustainable materials and rainproof coatings are becoming increasingly popular in raincoats. Performance testing, temperature regulation, and windproof technology are essential features that consumers look for in rain gear.
Rain pants, hood designs, and moisture-wicking properties are also desirable. Rainwear accessories, such as rain gloves and hats, are complementary products. The market caters to various outdoor activities and commuting wear. Water resistance ratings, seam sealing, and durability testing are crucial factors in ensuring the effectiveness of raincoats. Fashionable styling, color options, and pocket configurations are essential for consumer appeal. Ethical production and recycled materials are gaining importance as consumers become more conscious of their environmental impact. Breathable membranes and waterproofing treatments are essential for maintaining comfort during prolonged use. Zipper closures and snap closures offer flexibility in fit adjustments.
Raincoats come in various pattern variations to cater to diverse consumer preferences. Overall, the market is evolving to meet the demands of consumers seeking functional, sustainable, and fashionable rain gear.
The Offline segment was valued at USD 490.50 million in 2018 and showed a gradual increase during the forecast period.
Europe is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The European market is witnessing significant growth due to various factors, including the increasing population, rising income levels, and changing consumer preferences. With an emphasis on outdoor activities and commuting, raincoats have become essential protective clothing for many individuals. Companies are catering to this demand by offering a range of options, from casual wear to performance-focused rain gear. Sustainable materials and ethical production methods are becoming increasingly important to consumers. As a result, companies are incorporating recycled materials and rainproof coatings into their designs, along with seam sealing and waterproofing treatments for enhanced durability. Water resistance ratings, temperature regulation, and breathable membranes are also key features that consumers look for in raincoats.
Customization is another trend in the market, with companies offering adjustable fits, button and snap closures, hood designs, and various pocket configurations to suit different preferences. Fashionable styling and windproof technology are also important considerations for some consumers. Rain pants, rain boots, rain hats, and rain gloves are complementary accessories that companies are offering to meet the needs of their customers. The European market for raincoats is fragmented, with countries such as France and the UK expected to experience significant growth due to their popularity as tourist destinations and increasing populations. Companies are offering low-priced brands to attract price-conscious consumers, while also providing customization options to cater to local tastes and preferences.
Overall, the market is dynamic and evolving to meet the changing needs of consumers in the region.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The raincoat market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the raincoat market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, raincoat market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Black Diamond Equipment Ltd. - This company specializes in manufacturing and supplying raincover jackets for men and women.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Raincoat Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
125 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.9% |
Market growth 2024-2028 |
USD 205.7 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.7 |
Key countries |
US, UK, Japan, Canada, and Sweden |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this raincoat market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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