New York, U.S., May 02, 2022 (GLOBE NEWSWIRE) — Market overview
According to a comprehensive research report by Market Research Future (MRFR), “rainwear market Information by product type, material, distribution channel, end user and region – Forecast to 2030”, the market is expected to acquire a size of over USD 1828.0 million by the end of 2030. The report further forecasts that the market will flourish at a healthy CAGR of over 6.2% during the period of ‘review.
Market scope:
Rainwear is waterproof clothing that keeps clothes and body dry when it rains. Raincoats and coats are two common types of rainwear. The ability of a raincoat to keep you and your clothes dry strongly influences the textile used in its construction as well as the design of the garment. Because they are inexpensive, there is an increase in the price of raw materials. The global rainwear market has grown rapidly in recent years. The expansion of the market is mainly due to an increase in consumption and population in the world. Rainwear is in high demand due to increased participation in recreational activities. Camping, horseback riding, hiking, and mountaineering are common recreational activities in areas where climate change or heavy rainfall is likely.
Market Competitive Landscape:
Prominent companies in the rainwear market are
- Stutterheim (Sweden)
- Columbia Sportswear Company (USA)
- Duck tail (Lithuania)
- under armor (US)
- Helly Hansen (Norway)
- Rains (Denmark)
- Burberry (UK)
- Timberland (USA)
- Prada (Italy)
- Arc’teryx (Canada)
- Mackintosh (UK)
- Fjallraven (Sweden)
- Carhartt (USA)
- The North Face (USA)
- Patagonia (USA)
- Black Diamond Equipment (USA)
- Fox Umbrellas Ltd. (UK)
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Covered USP market:
Market factors:
Sports and recreation can foster a sense of community that enhances participants’ lives. Recreation, entertainment and sporting activities sometimes include large crowds. Recreational activities have many benefits, such as improving health and well-being, promoting independence, and fostering inclusive communities. Growing demand for ultra-lightweight and durable rainwear in athletics is likely to drive the market growth. Recreational activities such as camping, motorcycling, and mountaineering are frequently practiced in places where unexpected weather changes or heavy rainfall create hazardous conditions. Rainwear is worn for intense outdoor activities. As a result, the rainwear market has grown.
Market constraints:
Companies are constantly creating eco-friendly rainwear to reduce their carbon footprint. The revival of recycled polyester is a growing trend in the rainwear market. The companies also produce waterproof recycled rainwear to provide customers with responsible environmental awareness when walking outdoors. To minimize the environmental footprint, manufacturers use recycled polyester. PFCs are contaminants that take a very long time to degrade in the environment. Rainwear manufacturers are working hard to reduce raw material waste and reuse resources to create new rainwear products due to the inflated prices and widespread appeal of rainwear products, which are common in countries. in development where buyers are price sensitive. This aspect makes it difficult to sell current original rainwear in these markets.
Browse In-Depth Market Research Report (100 Pages) on Rainwear Market: https://www.marketresearchfuture.com/reports/rainwear-market-10773
COVID 19 analysis
COVID-19 has negatively influenced the quantity and sales of many items in various businesses. Many countries around the world are in lockdown and have closed their borders to prevent the spread of the virus. Many brands and retailers are returning items from their suppliers’ factories due to new travel and collection limitations imposed by many countries. As a result, many rainwear factories have halted production and laid off or furloughed their employees. The influence of COVID-19 on logistics has disrupted the supply of raw materials. Due to a drop in demand for raincoats, regional rainwear retailers are struggling. People around the world are steadily returning to normal after the shutdown, but sales of raincoats remain weak. The closure of universities, schools and offices has had a significant impact on the need for raincoats. The price of raincoats has risen due to rising transportation costs and a labor shortage. The growing awareness of the carbon tax in the United States has helped reduce greenhouse gas emissions in the rainwear market. This has sparked innovations in sustainable rainwear.
Market segmentation
By product type
The rain jacket segment held the largest market share and is expected to grow reasonably throughout the forecast period. The growing need for raincoats and their affordability is expected to fuel the demand in the global rainwear market.
By material
Polyester held the largest market share and is expected to grow reasonably throughout the forecast period. Polyester fabric is extremely durable, wind, stain and mildew resistant.
By distribution channel
The online category holds the largest market share and is expected to witness the fastest growth over the projected period.
Per end user
The men’s category held the largest market share and is expected to grow reasonably throughout the forecast period.
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Regional outlook
North America has dominated the rainwear market and is expected to continue to do so during the forecast period. The textile sector is an important part of the US economy, contributing to growth. The popularity of creative rainwear and colorful, printed versions of traditional rainwear has provided many opportunities for rainwear producers and distributors to expand their business in North America. Asia-Pacific is expected to grow at the fastest rate over the projection period. The growth of the rainwear market in the Asia-Pacific region is expected to be driven by various factors, with countries such as Japan, China, and India leading the way owing to rising disposable income per capita and population growth. Rainwear is becoming increasingly popular as a fashion statement, especially among millennial women. The color-block street style is gaining traction in the rainwear industry.
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