The Rainwear Market is Predict to reach 5.8 Billion by 2031, at a CAGR of 5.4%

08-Aug-2024 | Report Format: Electronic (PDF)

Rainwear Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Rainwear Market size is expected to reach $5.8 billion by 2031, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2023, the market attained a volume of 126,465.15 thousand units experiencing a growth of 21.2% (2020-2023).

The Offline segment generated the highest revenue in the the Global Rainwear Market by Distribution Channel in 2023; thereby, achieving a market value of $3.7 Billion by 2031. Brick-and-mortar stores allow consumers to physically examine and try on rainwear, which is particularly important for assessing fit, comfort, and material quality.

Rainwear Market Size - By Region

The Polyester Fabric segment is registering a CAGR of 4.9 % during the forecast period. Polyester fabric is a preferred option among rainwear manufacturers due to its cost-effectiveness, water resistance, and durability. Its ability to retain shape, resist shrinking and stretching, and provide quick-drying properties enhances its practicality for rainwear applications.

The Jacket segment led the Global Rainwear Market by Product Type in 2023; thereby, achieving a market value of $1.9 Billion by 2031. Jackets offer a convenient and stylish solution for everyday use and outdoor activities, making them a staple in many wardrobes.

The Men segment is growing at a CAGR of 4.9 % during the forecast period. A variety of factors, such as the widespread participation of men in outdoor activities and sports that necessitate high-performance rainwear and the general predilection for durable and functional outerwear, can be attributed to this growth.

Full Report: https://www.kbvresearch.com/rainwear-market/

The North America region dominated the Global Rainwear Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2 Billion by 2031. The Asia Pacific region is anticipated to grow at a CAGR of 5.8% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 4.9% during (2024 - 2031).