The Latin America, Middle East and Africa Rainwear Market would witness market growth of 9.3% CAGR during the forecast period (2022-2028).
Traditionally, raincoats and slickers are manufactured from a waterproof fabric that prevents the wearer from getting wet during rainy days. The water will just pass through the material without penetrating it. Typically, it is paired with rain pants to create a complete rain suit. Early in recent years, raincoats were popular.
However, because of its function, it is now worn during rainy days and the wet season. It is excellent protection equipment that everyone should possess. As consumers become more aware of the advantages of adopting natural textiles for suits and rain jackets, the market for rainwear is expected to experience rapid expansion. In order to provide novel items, market participants are increasing their production capacity. The market for children's raincoats is anticipated to offer profitable growth opportunities for the leading manufacturers.
The predisposition of the expanding millennial generation to engage in leisure and outdoor activities such as mountaineering, hiking, and mountain biking is projected to increase the size of the raincoat market. Consequently, demand for rainwear has increased. Various industrialized nations and areas have a long history of outdoor recreation.
The overall amount spent on military operations in North Africa in 2021 was $19.6 billion, which was 1.7% less than the previous year but 29% more than in 2012. The long-standing tensions between Algeria and Morocco, the two countries with the highest spending rates in North Africa, increased in the year 2021. The total amount that Algeria spent on its military in 2021 was $9.1 billion, a decrease of 6.1% from the previous year. As a result of the increasing military and defense spending in Africa, the adoption of rainwear would rise exponentially among law enforcement employees as well as military workers in the region. This factor would spur the growth of the regional rainwear market.
The Brazil market dominated the LAMEA Rainwear Market by Country in 2021; thereby, achieving a market value of $28 million by 2028. The Argentina market is showcasing a CAGR of 9.9% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 9% during (2022 - 2028).
Based on Material, the market is segmented into Polyester, Nylon, Vinyl, and Others. Based on Product Type, the market is segmented into Jacket, Suits, Pants and Others. Based on Distribution Channel, the market is segmented into Offline and Online. Based on End User, the market is segmented into Men, Women, and Kids. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Rainwear Market is Predict to reach $1.5 Billion by 2028, at a CAGR of 5.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Patagonia, Inc., Columbia Sportswear Company, The North Face (VF Outdoor LLC), Wildcraft India Private Limited, NZ Seasonalwear Pvt Ltd., Fox Umbrellas Ltd., Black Diamond Equipment, Ltd., Svenska Regn AB (Stutterheim) and Ducktail Rainwear
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