Research Support Specialist, USA
The global children’s coats and jackets market size is expected to reach USD 19.63 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 4.1% from 2021 to 2028. The growing consumer preference for designer and outdoor jackets across the globe is a key growth factor fueling the market growth. Furthermore, manufacturers are expanding their customer base by entering into untapped markets, geographically and demographically, which will propel the market growth. However, the shrinking cold period due to global warming is projected to restrain the market growth over the forecast period.
The market for children’s coats and jackets witnessed a decline in the overall sales caused due to the Covid-19 restrictions and lockdown imposed by the governments to curb the infection. Sales of the product, manufacturing, and trade activities witnessed a slump during the lockdown. However, the market is anticipated to recover and observe healthy growth due to the relaxed restrictions and resumed trade activities in the coming years.
The coats type segment is likely to exhibit the highest CAGR of 4.4% from 2021 to 2028. The growing trend of designer coats and jackets across the globe is one of the key factors propelling the market growth. Moreover, the growing trend of uniform coats in academic institutions across the globe is projected to provide ample opportunity for the growth of the market over the forecast period.
The online distribution channel segment is forecasted to register the highest growth rate of 4.7% from 2021 to 2028. With the advancements in technologies, the usage of smartphones and the internet is affordable to not only the higher-middle income population but also the lower-income populace. This has resulted in the widespread usage of smartphones across various regions and socio-economic classes. Furthermore, the Covid-19 pandemic thrust decade of growth in a single year as numerous manufacturers launched online shopping portals due to pandemic restrictions.
North America is expected to witness significant growth over the forecast period. The U.S. is positively contributing to the growth of the regional market. The presence of well-established brands such as Gap Inc.; Dolce & Gabbana S.r.l.; and Levi Strauss & Co., and other manufacturers is one of the key factors boosting the market growth. The organized retail sector, the presence of well-established brands and manufacturers, and the highest consumer spending are the key factors responsible for the regional market growth.
The report “Children’s Coats And Jackets Market Size, Share & Trends Analysis Report By Type (Outdoor Jackets, Coats, Rain Jackets), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2021 - 2028” is available now to Million Insights
Million Insights has segmented the global children’s coats and jackets market on the basis of type, distribution channel, and region:
List of Key Players of Children’s Coats & Jackets Market