Rainwear Market Is Projected to Register A CAGR Of 6.12% To Reach USD 2.01 Million By The End Of 2032
Rainwear Market Trends, Growth, Forecast 2030 | MRFR
Market Research Future (MRFR) has published a cooked research report on the “Rainwear Market” that contains information from 2018 to 2030. The Rainwear Market is estimated to register a CAGR of 6.2% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the global Rainwear Market — Stutterheim (Sweden), Columbia Sportswear Company (US), Ducktail (Lithuania), under armou (US), Helly Hansen (Norway), Rains (Denmark), Burberry (UK), Timberland (US), Prada (Italy), Arc'teryx (Canada), Mackintosh (UK), Fjallraven (Sweden), Carhartt (US), The North Face (US), Patagonia (US), Black Diamond Equipment (US), and Fox Umbrellas Ltd. (UK)
Rainwear Market Highlights
The global Rainwear Market is accounted to register a CAGR of 6.2% during the forecast period and is estimated to reach USD 1,828.0 million by 2030.
The rainwear market includes a range of products designed to protect individuals from rain and wet weather conditions. This market encompasses various types of rainwear, including raincoats, rain jackets, rain pants, rain boots, and waterproof accessories such as umbrellas.
Segment Analysis
The global Rainwear Market has been segmented based on Product Type, Material, and Distribution Channel.
By product type, the global rainwear market has been segmented as rain jacket, rain suit, rain pant, and others. The rain jacket segment recorded the largest market share in 2021 and is expected to rise at a decent pace during the forecast period. The increasing demand for raincoats and affordability are anticipated to drive the demand for the global rainwear market.
Based on material, the global rainwear market has been divided into nylon, polyester, vinyl, and others. The polyester segment accounted for the largest market share in 2021 and is expected to rise at a decent rate during the forecast period. Polyester fabric is strong, stain-resistant, wind-resistant, and mildew-resistant. Polyester's surface is water-repellant, making it easy to wipe mud and stains from the fabric. These properties of polyester are likely to drive the demand for the rainwear market.
By distribution channel, the global rainwear market has been segmented as online and Offline. The online segment recorded the largest market share in 2021 and is expected to rise at the highest rate during the forecast period. The use of mobile shopping, changes in shopping behaviors, and the availability of a wide variety of products are expected to drive the demand for the rainwear market.
Regional Analysis
The global Rainwear Market, based on region, has been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America dominated the rainwear market in 2021 and is also expected to dominate the market during the forecast period. The textile industry is a major part of the US. economy, contributing to economic growth. The rise of designer rainwear and colorful, printed versions of the usual rainwear has created significant opportunities for rainwear manufacturers and distributors to expand their businesses in North America. Moreover, North America's rainwear market is expected to be fueled by steady investment in machinery and equipment and advances in research and development.
Asia-Pacific is expected to grow at the fastest pace during the forecast period. The growth of the rainwear market in the Asia-Pacific region is anticipated to be driven by various factors, with countries such as China, Japan, and India are majorly driving the growth owing to several factors such as rising per capita disposable income coupled with the growing population. China has accounted for a significant market share in the Asia-pacific rainwear market in 2021 and is estimated to retain its dominance throughout the forecast period.
Key Findings of the Study
- The global Rainwear Market is expected to reach USD 1,828.0 million by 2030, at a CAGR of 6.2% during the forecast period.
- . North America dominated the rainwear market in 2021 and is also expected to dominate the market during the forecast period. The textile industry is a major part of the US. economy, contributing to economic growth. The rise of designer rainwear and colorful, printed versions of the usual rainwear has created significant opportunities for rainwear manufacturers and distributors to expand their businesses in North America.
- By product type, the global rainwear market has been segmented as rain jacket, rain suit, rain pant, and others. The rain jacket segment recorded the largest market share in 2021 and is expected to rise at a decent pace during the forecast period.
- Stutterheim (Sweden), Columbia Sportswear Company (US), Ducktail (Lithuania), under armou (US), Helly Hansen (Norway), Rains (Denmark), Burberry (UK), Timberland (US), Prada (Italy), Arc'teryx (Canada), Mackintosh (UK), Fjallraven (Sweden), Carhartt (US), The North Face (US), Patagonia (US), Black Diamond Equipment (US), and Fox Umbrellas Ltd. (UK)