Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Rainwear Market size is expected to reach $1.5 billion by 2028, rising at a market growth of 5.9% CAGR during the forecast period.
The Polyester market is leading the segment in the Global Rainwear Market by Material in 2021; thereby, achieving a market value of $650.2 million by 2028. Due to its resistance to damage and staining, the polyester market would grow at the fastest rate throughout the forecast period. The increased supply of polyester rainwear is driven by the significance of health and fitness as well as the popularity of outdoor sports.
The Suits market is exhibiting a CAGR of 6.1% during (2022 - 2028). Leading raincoat manufacturers have introduced cutting-edge jackets that are liquid-resistant, breathable, waterproof, and windproof, which has significantly enhanced the appeal of rain suits. Some of the elements that will encourage bikers to use it in the near future include affordability and convenience.
The Offline market is generating high revenue in the Global Rainwear Market by Distribution Channel in 2021; thereby, achieving a market value of $912.9 million by 2028. The growth of the market is rising as more supermarkets and hypermarkets are opening up around the world to provide consumers with convenient access. The population of working women is increasing in developing nations has significantly fueled this market.
The Women market is showcasing a CAGR of 6.1% during (2022 - 2028). The rise in the growth of this segment of the market is attributed to the increasing number of women in the workforce. Due to the rise in the number of women going out to work, the demand for rainwear among women is accelerated. Due to this, the growth of this segment is bolstered.
The North America market dominated the Global Rainwear Market by Region in 2021; thereby, achieving a market value of $535.8 million by 2028. The Europe market is anticipated to grow at a CAGR of 5.5% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 6.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/rainwear-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Yamaha Corporation (Menchey Music Service, Inc.), Roland Corporation, Conn-Selmer, Inc. (Steinway Musical Instruments, Inc.), KHS Musical Instruments, D'Addario & Company, Inc., inMusic Brands, Inc., Remo Inc., Australis Music Group Pty Ltd (Ashton Music), Pearl Musical Instrument Co., and Walberg and Auge Inc.
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