The global children’s coats and jackets market size was valued at USD 14.31 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.1% from 2021 to 2028. The market growth is attributed to the rising popularity of designer jackets and coats across the globe. Moreover, consumers are becoming increasingly aware of children’s wear brands and are involved in the purchase of high-end children’s wear. Additionally, technological advancements have led to the automation of the production process in the apparel industry. Many major apparel manufacturers are setting up production factories in the developing nations eyeing low-wage workers and relaxed taxation. These factors are expected to propel the growth of the market in the forecast period. However, the shrinking cold period due to global warming isaffecting the sales of winter wear such as coats and jackets, which is projected to hamper the market growth.
The market for children’s coats and jackets witnessed a decline in overall sales due to the Covid-19 restrictions and lockdown imposed by the governments to curb the infection. The 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 in the coming years due to the relaxed restrictions and resumed trade activities.
Moreover, the significant growth in the apparel industry in emerging economies, such as China and India, is creating a significant growth opportunity for the market. Increased penetration of the organized retail sector, favorable demographics, and rising income levels are expected to drive the textile and apparel demand in emerging economies.
Significant investments are being made by the Indian Government under the Scheme for Integrated Textile Parks (SITP) - ($184.98 million) and Technology Upgradation Fund Scheme (TUFS) - (term loan sanctioned $2,198.45 million) to encourage more private equity and train the workforce. Therefore, these investments in the country will further encourage the growth of the apparel industry including children’s coats and jackets. Additionally, Free trade with ASEAN countries and proposed agreement with the European Union will boost exports in the apparel industry.
The offline segment captured the largest revenue share of over 70.0% in 2020. Offline distribution channel includes hypermarkets, specialty stores, supermarkets, and independent retail stores. The growing organized retail sector in developing economies, such as China, Malaysia, and India, is anticipated to augment the demand for children’s coats and jackets in the coming years.
The online segment is likely to expand at the fastest CAGR of 4.7% from 2021 to 2028. The growing number of smartphone users and rising penetration of the internet across various regions and socio-economic classes, coupled with the increasing e-commerce platforms, such as Amazon and Walmart, and company-owned e-commerce portals, are expected to propel the online segment growth.
The outdoor jackets segment dominated the market and held a revenue share of more than 50.0% in 2020. Parents encouraging their children to spend more time outdoors and increasing parents’ spending on high-end outdoor clothing, such as outdoor jackets are contributing to the segment growth. Moreover, the offering of a wide range of outdoor jackets for children by major companies is contributing to the market growth.
The coats segment is forecasted to expand at the highest CAGR of 4.4% from 2021 to 2028. The growing trend of designer coatsacross the globe is projected to propel the segment growth. Moreover, the compulsion of coats in academic institutions has been a key factor driving the demand in the market. The coats are widely used as a fashionable clothing product with a high level of comfort.
Asia Pacific held the largest share of over 35.0% in 2020 and is likely to register the highest CAGR from 2021 to 2028. China, Japan, and India are positively contributing to the growth of the market. Increasing per capita income, swelling middle-class population, and rising disposable income are expected to propel the growth of the market. Growing brand awareness and a shift in the trend of dressing up children in Asia Pacific countries are likely to create a prominent rise in the product demand.
Europe held the second-largest revenue share in 2020. Well-developed countries such as Germany, the U.K., and France are positively contributing to the regional market revenue. The growth can be credited to the strong presence of key players in the market and the long-existing demand for the product due to cold climatic conditions. High GDP, per capita income, disposable income, and per capita spending in European countries altogether result in strong sales and increased product demand.
The fashion or apparel industry is always changing and updating. In order to stay head-on in the market, market players tend to launch products more frequently. Market players are focusing on increasing investments in R&D in order to innovate new and attractive solutions for the consumers in the market. Moreover, major players are targeting new regions and demographics to increase the sales of the products, by either entering the new market solely or collaborating with local players, especially in developing regions. Some prominent players in the global children’s coats and jackets market include:
|
Report Attribute |
Details |
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Market size value in 2021 |
USD 14.80 billion |
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Revenue forecast in 2028 |
USD 19.63 billion |
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Growth Rate |
CAGR of 4.1% from 2021 to 2028 |
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Base year for estimation |
2020 |
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Historical data |
2017 - 2019 |
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Forecast period |
2021 - 2028 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2021 to 2028 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Type, distribution channel, region |
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Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
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Country scope |
U.S.; Germany; France; U.K.; China; India; Brazil; South Africa |
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Key companies profiled |
Gap Inc.; Zara SA; Puma SE; Benetton Group; Marks & Spencer Plc.; Dolce & Gabbana S.r.l.; Levi Strauss & Co.; Hennes & Mauritz AB; The Children’s Place Inc.; Burberry Group Plc.; FirstCry |
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Customization scope |
Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global children’s coats and jackets market report on the basis of type, distribution channel, and region:
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