According to a new report, published by KBV research, The Global Winter Wear Market size is expected to reach $440.5 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period.
The Sweaters & Cardigans segment is experiencing a CAGR of 4.9% during (2023 - 2030). Sweaters and cardigans are ideal for layering during the colder months, allowing consumers to adapt to changing temperatures. They provide warmth without the bulk of heavy coats and jackets, making them a practical choice for transitional weather. The comfort factor is a significant driver of growth in this segment. Sweaters and cardigans are made from soft and cozy materials like wool, cashmere, cotton, and blends. Consumers appreciate the warmth and comfort they provide. Owing to these factors, the segment will expand in the future.
The Wool segment is generating the highest revenue in the Global Winter Wear Market, by Material in 2022; thereby, achieving a market value of $233.2 Billion by 2030. Wool is a natural fiber derived from the fleece of sheep and other animals, and it possesses several characteristics that make it well-suited for winter clothing. The material has natural breathability, allowing it to regulate body temperature by wicking away moisture and sweat. It is also naturally odor-resistant because it can absorb and neutralize odors. This feature is particularly useful for winter wear that are worn for extended periods.
The Women segment is exhibiting a CAGR of 5.5% during (2023 - 2030). Women's winter fashion has become more diverse and style conscious. Brands have responded by offering a wide range of stylish and fashion-forward winter wear options, including coats, parkas, and accessories. Women are increasingly concerned about sustainability and ethical practices in the fashion industry. Brands that prioritize eco-friendly materials, ethical manufacturing processes, and responsible sourcing have gained traction among environmentally conscious consumers. As a result, the segment is expected to grow rapidly.
The Asia Pacific region dominated the Global Winter Wear Market, by region in 2022; thereby, achieving a market value of $156.2 Billion by 2030. The Europe market is anticipated to grow a CAGR of 4.6% during (2023 - 2030). Additionally, The North America market would witness a CAGR of 5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/winter-wear-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 Gap Inc., Newell Brands, Inc., H & M Hennes & Mauritz AB, VF Corporation, Columbia Sportswear Company, Industria de Diseno Textil, S.A. (Inditex S.A.), Patagonia, Inc., Adidas AG, Nike, Inc. and Recreational Equipment, Inc.
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