Rainwear Market Size, Share, Growth Analysis, By Type(Raincoats and Rain Pants), By End-User(Men and Women), By Region - Industry Forecast 2024-2031

Rainwear Market size was valued at USD 3864.7 million in 2021 and is poised to grow from USD 4077.26 million in 2022 to USD 6257.31 million by 2030, growing at a CAGR of 5.5% in the forecast period (2023-2030).

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.