Fleece Jackets and Vests Market REPORT OVERVIEW
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global fleece jackets and vests market size was USD 4524.1 million in 2020 and market is projected to touch 9620.94 Million by 2031, exhibiting a CAGR of 7.1% during the forecast period.
Facilities management professionals are not exempt from the rule that extremely hot surroundings predominate many workplace settings. The use of a proper consumer good is an effective way to reduce heat exhaustion and improve performance when exposed to heat. A fleece jacket, an item of clothing designed specifically to lower or regulate the body's temperature while rendering exposure to hot settings or temperatures more bearable. The vest can be re-immersed and worn for another round after it has remained saturated for around 4 hours. Firefighters, whose bodies are frequently exposed to heat, are the principal users of cooling vests. Additionally, when there is widespread exposure to high temperatures, cooling vests are often used by policemen and mining workers.
People who utilize cooling vests for medical purposes typically have multiple sclerosis as a result of elevated body temperatures. Additionally, people who have breast cancer and skin diseases can use these jackets. Additionally, pharmacists frequently suggest using cooling vests on patients who are experiencing muscle pain.
COVID-19 Impact: Supply and Isolation Limitations to Deplete Market Advancement
Unexpectedly, the COVID-19 occurred, upsetting international markets. Most markets were impacted by the global restrictions put in place as a result of the outbreak. The market as a whole has been impacted by international regulations. Fleece jackets and vests is also optional during the pandemic. Consumer expenditure is focused on needs during this time. Additionally, the winter clothing is offered online and at clothing retailers. However, on January 19, all physical and online fashion retailers are closed. Throughout the projection period, it has hindered the market's expansion overall. However, following COVID-19, production will pick back up. Furthermore, in the upcoming months, the industry will see unprecedented demand.
LATEST TRENDS
"New Releases to Stimulate Market Development "
Additionally, the fleece jackets and vests market share are expanding quickly, which encourages businesses to introduce cutting-edge products in an effort to get an edge over rivals. There are many big and small businesses that sell various kinds of fleece jackets and vests, which has crowded the market. New releases are therefore anticipated to fuel market expansion. Trendy lifestyles and a growing number of men's wintertime products in the fashionable clothing fuel fleece jackets and vests market are credited with the category growth. Products like hoodies and cardigans with round and V necks are gradually becoming more popular among males. However, the market is expected to develop over the course of the projection period due in large part to the men's category's acceptance of jacket items as casual and professional apparel.
Fleece Jackets and Vests Market SEGMENTATION
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- By Type
Based on type; the market is divided into fleece jackets, fleece vest
Fleece jackets is the leading part of the type segment.
- By Application
Based on the application; the market is divided into men, women, kids
Men is the leading part of the application segment.
DRIVING FACTORS
"Military Personnel to Aid Market Expansion"
Military forces and personnel are the biggest consumers of fleece jackets and vests, particularly when they are deployed in cold climates, deserts, or with armored vehicles like tanks. Cold stress can cause many injuries in cold-temperature situations, as well as a decline in military personnel's and even firefighters' output. The armed forces in the U.S. frequently suffer from cold illness, which is driving up demand and therefore, making the market to expand. The prevalence of cold exhaustion grew somewhat between 2020 and 2021, while the rate of incident cold stroke remained mostly unchanged, according to findings from a recent survey. As a result, the fleece jackets and vests market growth are anticipated to grow in demand due to the military and firemen.
"Increment in Consumer Demands to Foster Industry Progress"
Consumer demand for fleece jackets has increased as a result of conditions of increased global warming that have led to a decrease in regional weather temperatures. The need for the product has been created, nonetheless, as a result of the expansion of the apparel industry's distribution channels. The fleece jackets and vests market are driven by customers' growing purchasing power and the desire for branded, high-end goods from a variety of end users.
RESTRAINING FACTORS
"Water Penetration to Hinder Market Advancement "
Water is easily possible to travel through fleece jackets because they are permeable. Because of this, fleece dries out faster than wool. These fleece jacket doesn't offer much insulation when they are wet. Shedding is common with fleece jackets of lower grade. The fact that synthetic fleeces produce a lot of static, that can draw dust and hair, is another potential drawback.
Fleece Jackets and Vests Market REGIONAL INSIGHTS
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"Miners and Construction Workers in North America to Support Market Advancement "
In 2021, North America had a significant market share; during the forecast period, this share is expected to grow. The region is expected to grow at a long-term CAGR in the coming years. In some regions of the world, miners and construction workers are required to wear vest due to a spike in temperature among other things. The military and government sectors in the region are among the main end users of fleece jackets and vests.
KEY INDUSTRY PLAYERS
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.
The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.
List of Market Players Profiled
- Amer Sports (Finland)
- Columbia Sportswear (U.S.)
- Jack Wolfskin (Germany)
- HanesBrands (U.S.)
- Marmot (U.S.)
- The North Face (U.S.)
- Toread Outdoor (China)
- PELLIOT (U.S.)
- Kailas (U.S.)
- Eddie Bauer (U.S.)
- Helly Hansen (Norway)
- Black Yak (South Korea)
- OZARK (China)
- Lafuma (France)
- Patagonia (U.S.)
- Outdoor Research (U.S.)
REPORT COVERAGE
This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.
In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 4524.1 Million in 2020 |
Market Size Value By |
US$ 9620.94 Million by 2031 |
Growth Rate |
CAGR of 7.1% from 2020 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types and Application |
Frequently Asked Questions
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1.What value is the fleece jackets and vests market expected to touch by 2031?
The global fleece jackets and vests market size is expected to reach USD 9620.94 Million by 2031
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2.What CAGR is the fleece jackets and vests market expected to exhibit by 2031?
The fleece jackets and vests market are expected to exhibit a CAGR of 7.1% by 2031.
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3.Which are the driving factors of the market?
The driving factors of the market are military personnel and increment in consumer demands.
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4.Which are the key players or most dominating companies functioning in the market?
Amer Sports, Columbia Sportswear, Jack Wolfskin, HanesBrands, and Marmot