Know More About “Men’s Coats And Jackets Market 2022-2028” Growth Worldwide…Posted by Mrudula Karmarkar on November 7th, 2022 The global men’s coats and jackets market size is estimated to reach USD 68.60 billion by 2028 and is expected to expand at a CAGR of 5.1% from 2022 to 2028, according to a new report by Grand View Research, Inc. The increasing demand for men’s apparel products across the globe is accelerating market growth. The increasing disposable income and rapid urbanization in emerging economies are driving the growth of this market. Additionally, the rising demand for premium quality, well-designed coats, and jackets across the globe is accelerating market growth. Moreover, the growing acceptance of western and corporate culture in countries like India, China, and Japan is further propelling the market growth. Furthermore, the increasing working population and the rising trend of e-commerce are expected to accelerate this segment over the next couple of years. The cellulosic segment is forecast to expand with the highest CAGR of 7.1% from 2022 to 2028. The cellulosic fiber was obtained after the chemical processing of cotton, wood pulp, and inters. The segment is used to create a variety of fabrics such as corduroy, denim, muslin, organza, and linen. Moreover, the increasing popularity of these fabrics among consumers owing to the rising demand for high-quality appearance of men’s apparel will further accelerate market growth during the forecast period. The online distribution channel is anticipated to register a faster expansion of CAGR of 6.5% from 2022 to 2028. The growth of online distribution channels is attributed to the availability of online platforms via shopping portals and mobile apps. Furthermore, the growing e-commerce sector is propelling the growth of the market. It is also observed that companies, distributors, and retailers are adopting the online platform to sell products. Additionally, manufacturers of these products are providing products on their website as well as on the e-commerce platforms, thereby enhancing product sales. Asia Pacific is forecast to expand with the highest CAGR of 6.5% from 2022 to 2028. China and India are positively contributing to the growth of the market, owing to changing consumers’ preferences and lifestyles. Moreover, the region is expected to grow with the most accelerated demand during the forecast period owing to the growing disposable income of the people and rising population. Furthermore, manufacturers are developing innovative product ranges targeting young consumers, and the working population of this region, which led to significant growth in the market during the forecast period. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/mens-coats-jackets-market-report/request/rs1 The lockdown announced during the COVID-19 pandemic by governments of various countries had restricted or citizens prefer to stay at home as a precautionary measure. Various exhibitions, sports events, and other public events were canceled across the world by measures arising from COVID-19 restrictions. Moreover, corporate offices are opened with less number of employees while most of the employees are working from home. Due to this, the market experienced a shortfall in the sales of men’s apparel due to disturbed supply chains, restricted production, and reduced demand. Therefore, the market is anticipated to experience slow growth due to this overall shortfall in revenue. Men’s Coats And Jackets Market Report Highlights
Continuously changing consumer spending habits, digital innovation, and rising urbanization coupled with disposable income are expected to accelerate market growth. Furthermore, constant innovation in coats and jackets trends, magazines dedicated to fashion statements, and celebrity endorsements are anticipated to boost the global market growth. Correspondingly, the rising investment by the key market players in advertising campaigns, promotional activity, and social media marketing is accelerating the market growth during the forecast period. The coats and jackets for men are outer garments and used for warmth or fashion. Coats and jackets are typically manufactured with long sleeves. Both coats and jackets have collars, lapels, and pockets. The fabric used for coats and jackets is velvet, jacquard, wool, fur, and leather. These products are available in different styles, colors, and designs for multiple usages, which include casual, formal, and cocktail parties. Both coats and jackets are available in long and short lengths, which, in turn, will drive the industry demand. The increasing demand for premium quality coats and jackets is propelling the market growth. In addition to this, manufacturers are investing in innovations and developing new products and also focusing on the utilization of sustainable raw materials, which is expected to accelerate the market growth during the forecast period. Moreover, the companies are providing a wide range of products with innovative design and advanced features, which, in turn, raises product premiumization along with product line extension, thereby propelling the market growth during the forecast period. List of Key Players of Men’s Coats And Jackets Market
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