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.
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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.
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Children’s Coats And Jackets Market Report Highlights
• North America is expected to witness significant growth over the forecast period. The strong and wide presence of the key market players in the region and long-standing demand for the product due to climatic conditions are contributing to the regional market growth
• The coats type segment is estimated to register the highest CAGR of 4.4% from 2021 to 2028. The growing trend of student uniform coats in academic institutions is further contributing to the segment growth
• The online distribution channel segment is forecasted to register the fastest CAGR of 4.7% from 2021 to 2028. A significant rise in the use of smartphones, easy internet access, and an increase in e-commerce platforms are driving the online segment
Children’s Coats & Jackets Market Segmentation
Million Insights has segmented the global children’s coats and jackets market on the basis of type, distribution channel, and region:
Children’s Coats & Jackets Type Outlook (Revenue, USD Million, 2017 – 2028)
Children’s Coats & Jackets Distribution Channel Outlook (Revenue, USD Million, 2017 – 2028)
Children’s Coats & Jackets Regional Outlook (Revenue, USD Million, 2017 – 2028)
Central & South America
Middle East & Africa
List of Key Players of Children’s Coats & Jackets Market
Zara SA (Industria de DiseñoTextil, S.A.)
Benetton Group (United Colors of Benetton, Sisley)
Marks & Spencer Plc.
Dolce & Gabbana S.r.l.
Levi Strauss & Co.
Hennes & Mauritz AB
The Children’s Place Inc.
Burberry Group Plc
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About Million Insights
Million Insights, is a market research and consulting company, provides syndicated as well as customized research reports and consulting services. We have a comprehensive marketplace, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
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