The global Winter Wear Market size is projected to touch USD 359.8 billion by the end of 2025, as per the report released by Million Insights. It is estimated to grow with a CAGR of 4.3% from 2019 to 2025. Factors such as the growing consumer spending on apparels and dropping temperatures in many countries are projected to fuel the market growth over the estimated period.
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Market Synopsis of Winter Wear Market:
Growing preference for fashionable apparel such as cardigans, V neck and hoodies is driving the market. Also, the growth of offline distribution networks such as specialty stores, fashion stores and design stores have contributed significantly in augmenting the sales of the product. Further, customer tendency to travel in snowy destinations and changing fashion trends are positively affecting the market growth in the upcoming years.
Women are the leading consumers of winter wear products especially scarves and shawls in North America. The lucrative discounts and attractive offers available on women winter wear products due to growing demand has propelled the product growth. The growing preference for shawls and scarves is also encouraging manufacturers in continuous product innovation. In the U.S. shawls and scarves category touched USD 2.5 billion in 2018 and is predicted to showcase substantial growth in the coming years.
An increase in global warming and greenhouse gases has resulted in lowering the temperature in many regions resulting in the growing demand for winter wear apparel. Also, the rapidly developing distribution network, rising per capita income and growing demand for branded and high-end products by different customers group are propelling the winter wear market growth over the forecast period.
Abrupt changes in weather conditions due to environmental degradation, have supplemented the sales of winter wear apparel as customers tend to wear cozy products according to changing climatic conditions. Additionally, growing preference for newly launched fashionable products along with lightweight apparel over conventional ones has positively affected the demand for the product.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Winter Wear: Market Variables, Trends & Scope
Chapter 4 Winter Wear: Product Estimates & Trend Analysis
Chapter 5 Winter Wear: Application Estimates & Trend Analysis
Chapter 6 Winter Wear: End-use Estimates & Trend Analysis
Chapter 7 Winter Wear: Industrial End-use Estimates & Trend Analysis
Chapter 8 Winter Wear: Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Winter Wear: Manufacturers Company Profiles
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