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ACCESSWIRE
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Penetration of E-commerce Bestows Lucrative Opportunities to Winter Wear Market: Future Market Insights

DUBAI, UAE / ACCESSWIRE / September 8, 2020 / According to a new market study by Future Market Insights (FMI), the global winter wear market is forecasted to witness healthy growth in terms of value between 2018 and 2027.

The report attributes the growth of the market to persistent demand for winter wear products such as cardigans, sweaters, coats, blazers, hoodies, and thermal clothes in nations with cold temperatures. Regions such as the U.S., Canada, the U.K., Greenland, Iceland, and Finland are prominent for their cold weather, and will continue to drive sales of these apparels.

On the other hand, several macro economic factors such as rising levels of disposable incomes, growing adoption of e-commerce in developing economies are also complementing the growing demand for winter apparels. Likewise, favorable trade policies, coupled with shifting consumer preference towards branded apparels will continue to impel revenue in the years to come.

Among trends, the rapid expansion of e-commerce has been observed as the most lucrative opportunity. As e-commerce metamorphoses into an important sales channel, market players are emphasising on making their products available on online platforms. Furthermore, penetration of the organised retail sector coupled with abundant availability of raw materials such as wool, silk, cotton will continue to complement market growth.

"Market players are focusing on launching new products with latest designs and high quality material, while also expanding brand visibility through sales channels to reach potential consumers," opines FMI analyst.

For more insights into the Market, Request a Sample of this Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-7713

Winter Wear Market - Key Takeaways

  • The global winter wear market was valued at over US$ 400 Mn in 2018, and is projected to rise at a healthy CAGR of 5.8% through the assessment period.
  • Based on product type, the jackets/coats segment accounted for over 48.2% in terms of value in 2018 and is forecasted to grow at a CAGR of 5.9%, being the most preferred type among both men and women.
  • The sweaters/cardigans segment, which held nearly a quarter of market value in 2018, is projected to rise at a CAGR of 5.7% during the forecast period.
  • Based on the sales channel, the hypermarkets/supermarkets are expected to retain dominance as consumers still prefer purchasing after inspecting in person, but the online segment will emerge as a lucrative channel by the end of the forecast period.

Winter Wear Market - Key Trends

  • The changing consumer behavior to seek and purchase FMCG products and clothes through online platforms is positively influencing the growth of the market.
  • Launch of smart winter wear, with the integration of heating systems and bluetooth technology to adjust temperature via mobile device, will spur sales in the years to come.

Winter Wear Market - Regional Analysis

  • North America and Europe cumulatively account for the majority of market share, owing to the prevalent weather conditions that mandate winter wear.
  • Asia Pacific is forecasted to grow in value at an impressive CAGR of 6.3% backed by rising disposable income.

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-7713

Winter Wear Market - Competitive Landscape

Some of the major players operating in the market include Canada Goose Inc., Eddie Bauer LLC, Helly Hansen Company, Patagonia Inc, VF corporation, Gap Inc, NIKE, Inc., Adidas AG, PUMA SE, Under Armour, Inc., Columbia Sportswear Company, ASICS Corporation, New Balance Athletic Shoe, Inc., Michael Kors Holdings Limited, Inditex, and LOFT Company among others. Market players are focusing on introducing products by integrating heating and smart systems to maintain the required temperature in sub-zero temperatures. On these lines, in 2018, Ministry of Supply, an American manufacturer, launched a jacket named 'mercury intelligent heated jacket' with voice control and an internal heating system that maintains the right temperature.

Product type:

  • Jackets/coats
  • Sweaters/cardigans
  • Scarves
  • Shawls and wraps
  • Thermals
  • Suits
  • Others

Price range:

  • High price
  • Medium price
  • Low price

Demographic

  • Men
  • Women
  • Kids

Sales Channels:

  • Hypermarkets/supermarkets
  • Specialty stores
  • Multi-brand stores
  • Independent small retailers
  • Online retailers
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Southeast Asia & Pacific
  • China
  • India
  • Japan
  • Middle East & Africa

Buy Now@ https://www.futuremarketinsights.com/checkout/7713

Get Valuable Insights into the Winter Wear Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global winter wear market, presenting historical demand data and forecast statistics for the period from 2018-2027. The study divulges compelling insights on the winter wear market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact:

Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Report: https://www.futuremarketinsights.com/reports/winter-wear-market
Press Release Source: https://www.futuremarketinsights.com/press-release/winter-wear-market

SOURCE: Future Market Insights



View source version on accesswire.com:
https://www.accesswire.com/605107/Penetration-of-E-commerce-Bestows-Lucrative-Opportunities-to-Winter-Wear-Market-Future-Market-Insights

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