USD 3864.7 million
Report ID:
SQMIG30L2086 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
59
|Figures:
80
Rainwear Market size was valued at USD 0 Million in 2023 and is poised to grow from USD 0 Million in 2024 to USD 0 Million by 2032, growing at a CAGR of 5.5% during the forecast period (2025-2032).
The expanding fashion trend of rainwear and the expanding use of rainwear among working populations worldwide primarily drives the market. Rainwear has become more prominent as a fashion statement, especially among millennials. Street fashion trends that feature colour blocking are growing and taking over. Translucent lace raincoats and water-repellent trench coats are becoming more popular because of their innovative designs. The possibility of an epidemic has also encouraged people to budget their money better and avoid wasting it on frivolous things. Also, it is anticipated that the increasing demand for raincoats among working women around the world would present numerous prospects for market expansion. According to the World Bank Data in 2023, female hold a 39.3% share of the labor force across the globe. In addition, the population's growing desire for trendy rainwear is expected to support the market's expansion throughout the anticipated time frame. Over the projected period, the popularity of outdoor leisure activities including hiking, camping, and running, will also increase the demand for rainwear. The market is primarily driven by the expanding fashion trend of rainwear and the expanding use of rainwear among working populations worldwide. Rainwear has become more prominent as a fashion statement, especially among millennials. Street fashion trends that feature colour blocking are growing and taking over. Translucent lace raincoats and water-repellent trench coats are becoming more popular because of their innovative designs.
US Rainwear Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3864.7 million
Largest Segment
Raincoats
Fastest Growth
Raincoats
Growth Rate
5.5% CAGR
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Global Rainwear market is segmented by type, end-user, and region. Based on type, the Rainwear Market can be segmented into raincoats and rain pants. Based on end-user, the Rainwear Market is segmented into men, and women. Based on region, the Rainwear Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Rainwear Market Analysis by Type
By type, the market can be segmented into raincoats, and rain pants. Raincoats are the dominant segment in the global rainwear market. Raincoats are popular among consumers due to their versatility and ease of use. They come in various styles and designs, making them suitable for casual and formal occasions.
Rain pants, on the other hand, are a relatively fastest growing segment in the rainwear market. They are typically used by outdoor enthusiasts such as hikers and campers and workers exposed to wet weather conditions.
Rainwear Market Analysis by End-User
By end-user, the market can be segmented into men and women. Global rainwear market is dominated by men's rainwear, which accounts for the largest market share. This is due to the fact that men tend to be more involved in outdoor activities such as hiking, camping, and fishing, which require rain protection. Additionally, men's rainwear is often designed to be more rugged and durable, making it suitable for heavy-duty use.
However, women's rainwear is a fast-growing segment in the market. This is due to the increasing number of women participating in outdoor activities and the growing demand for fashionable rainwear options. Women's rainwear is often designed to be more stylish and feminine, with various colors, patterns, and designs. As a result, more manufacturers are focusing on developing rainwear that appeals to women, which is expected to drive growth in this segment in the coming years.
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North America dominated the global market. This is primarily due to the high demand for rainwear in countries such as the United States and Canada, where there is considerable rainfall in many parts of the year. Moreover, the increasing popularity of outdoor activities, such as hiking and camping, has also contributed to the growth of the rainwear market in North America.
On the other hand, the APAC region is expected to be the fastest-growing market for rainwear in the coming years. This is due to the increasing awareness about the benefits of protective clothing, the rise in disposable income, and the growing popularity of outdoor activities in countries such as China, Japan, India, and South Korea. Moreover, the increasing adoption of e-commerce platforms and the rising penetration of smartphones have also contributed to the growth of the rainwear market in the region.
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Rainwear Market Drivers
Increasing demand for protective clothing
Rainwear Market Restraints
Increasing popularity of alternative waterproof materials
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The global rainwear market is highly competitive, with several players competing for market share. Some of the key players in the market are Columbia Sportswear Company, Patagonia, The North Face, Marmot Mountain, and Black Diamond Equipment. These players have a significant presence in the market, with a wide range of rainwear products catering to different segments and regions. Several other regional and local players offer rainwear products besides these key players. The competitive landscape is characterized by intense competition, with players competing on factors such as product quality, pricing, distribution channels, and marketing strategies.
Rainwear Market Top Player’s Company Profiles
Rainwear Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global rainwear market analysis, the market is witnessing significant growth due to the increasing demand for protective clothing and the rising preference for outdoor activities. North America dominated the global market, with the Asia-Pacific region expected to be the fastest-growing market in the coming years. Key players in the market include Columbia Sportswear Company, Patagonia, The North Face, Marmot Mountain, and Black Diamond Equipment, among others. The market is characterized by intense competition, with players competing on product quality, pricing, distribution channels, and marketing strategies. The market is also witnessing a growing demand for sustainable and eco-friendly rainwear products, driven by rising environmental concerns.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 0 Million |
Market size value in 2032 | USD 0 Million |
Growth Rate | 5.5% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Rainwear Market Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Rainwear Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Rainwear Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Rainwear Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Rainwear Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30L2086
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