Leisure Coat Market Trends and Forecast
The future of the global leisure coat market looks promising with opportunities in the men and women markets. The global leisure coat market is expected to grow with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are rising demand for comfortable & practical clothing and expansion of outdoor recreation activities.
• Lucintel forecasts that winter coat is expected to witness the highest growth over the forecast period.
• Within this market, men is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Leisure Coat Market
• United States: In the U.S., companies like The North Face and Columbia Sportswear have been focusing on sustainability and innovation in leisure coats. The North Face has committed to increasing the use of recycled materials in its products, including leisure coats, as part of its sustainability initiatives. Columbia Sportswear continues to innovate with advanced technologies like Omni-Heat and Omni-Tech, enhancing the performance and functionality of their leisure coats. Government initiatives in the U.S. often support sustainable practices through tax incentives and environmental regulations that influence manufacturing and consumer choices in the apparel sector.
• India: In India, leisure coat manufacturers are increasingly targeting the growing middle-class population with affordable yet stylish options. Companies such as Wildcraft and Decathlon have expanded their product lines to cater to outdoor enthusiasts seeking durable and weather-resistant leisure coats. Government efforts in India focus on promoting domestic manufacturing and improving infrastructure, indirectly benefiting the leisure coats market by facilitating easier access to materials and production facilities.
• China: ChinaÄX%$%Xs leisure coats market is driven by a combination of domestic manufacturers and international brands like Patagonia and ArcÄX%$%Xteryx, which have established a strong presence due to increasing outdoor recreational activities among urban residents. Chinese companies are also investing in technological advancements and sustainable practices to meet growing consumer demand for high-quality leisure coats. Government policies in China emphasize sustainable development and consumer protection, influencing market dynamics and encouraging companies to adhere to environmental standards in manufacturing.
• Germany: In Germany, companies like Jack Wolfskin and Vaude are leaders in the leisure coats market, known for their focus on sustainable materials and production processes. Both companies have set targets to increase the use of organic and recycled materials in their leisure coats, aligning with GermanyÄX%$%Xs stringent environmental regulations and consumer preferences for eco-friendly products. Government support through subsidies for sustainable innovations and energy-efficient manufacturing practices further bolsters the growth of the leisure coats market in Germany.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Leisure Coat Market by Segment
The study includes a forecast for the global leisure coat market by type, application, and region.
Leisure Coat Market by Type [Value from 2018 to 2030]:
• Winter Coat
• Summer Coat
• Spring Coat
Leisure Coat Market by Application [Value from 2018 to 2030]:
• Men
• Women
• Others
Leisure Coat Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Leisure Coat Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies leisure coat companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the leisure coat companies profiled in this report include-
• Cole Haan
• Orolay
• Canada Goose
• Everlane
• Wantdo
• The North Face
• 32 Degrees
Recent Development in the Leisure Coat Market
• The North Face: The North Face has been proactive in integrating sustainability into their leisure coats. They have launched initiatives to use more recycled materials in their products, including leisure coats, aiming to reduce environmental impact throughout the product lifecycle. This initiative resonates well with environmentally-conscious consumers who prioritize sustainable products.
• Columbia Sportswear: Columbia Sportswear has focused on integrating advanced technologies into their leisure coats to enhance performance and comfort. They have introduced Omni-Heat and Omni-Tech technologies, which provide thermal insulation and waterproof capabilities, respectively, making their leisure coats suitable for various outdoor activities in diverse weather conditions.
• Patagonia: Patagonia has emphasized ethical sourcing and fair trade practices in their leisure coats. They have achieved Fair Trade certification for some of their products, ensuring fair wages and safe working conditions for workers involved in manufacturing leisure coats. This commitment appeals to socially-conscious consumers who prioritize ethical business practices.
• ArcÄX%$%Xteryx: ArcÄX%$%Xteryx has focused on innovation in materials for their leisure coats, emphasizing lightweight yet durable fabrics. They have developed proprietary materials like GORE-TEX and ArcÄX%$%Xteryx Nu water-repellent fabric, which enhance the performance and longevity of their leisure coats while maintaining a sleek and modern design aesthetic.
Features of the Global Leisure Coat Market
Market Size Estimates: Leisure coat market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Leisure coat market size by type, application, and region in terms of value ($B).
Regional Analysis: Leisure coat market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the leisure coat market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the leisure coat market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for leisure coat market?
Answer: The global leisure coat market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the leisure coat market?
Answer: The major drivers for this market are rising demand for comfortable & practical clothing and expansion of outdoor recreation activities.
Q3. What are the major segments for leisure coat market?
Answer: The future of the leisure coat market looks promising with opportunities in the men and women markets.
Q4. Who are the key leisure coat market companies?
Answer: Some of the key leisure coat companies are as follows:
• Cole Haan
• Orolay
• Canada Goose
• Everlane
• Wantdo
• The North Face
• 32 Degrees
Q5. Which leisure coat market segment will be the largest in future?
Answer: Lucintel forecasts that winter coat is expected to witness the highest growth over the forecast period.
Q6. In leisure coat market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the leisure coat market by type (winter coat, summer coat, and spring coat), application (men, women, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Leisure Coat Market Market, Leisure Coat Market Market Size, Leisure Coat Market Market Growth, Leisure Coat Market Market Analysis, Leisure Coat Market Market Report, Leisure Coat Market Market Share, Leisure Coat Market Market Trends, Leisure Coat Market Market Forecast, Leisure Coat Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.