Men's Coats And Jackets Market

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Men's Coats And Jackets Market Revenue Drivers,
Growth Opportunities, Value Chain Analysis and
COVID-19 Impact Insights, 2028
The global mens coats and jackets market size
was valued at USD 47.0 billion in 2020 and is
expected to expand at a compound annual
growth rate (CAGR) of 5.1 from 2021 to
2028.
The global Men's Coats And Jackets Market
research report provides complete insights on
industry scope, trends, regional estimates, key
application, competitive landscape and financial
performance of prominent players. It also offers
ready data-driven answers to several
industry-level questions. This study enables
numerous opportunities for the market players to
invest in research and development. Market
Overview The global mens coats and jackets
market size is expected to reach USD 68.60
billion by 2028, according to a new report by
Million Insights. It is expected to expand at a
CAGR of 5.1 from 2021 to 2028. Rising
acceptance of the corporate culture and the
need for the protection of the body from
the changing atmosphere is contributing to
the growth of this market. Additionally,
rising per capita income and increasing
purchasing power are the key factors
fueling the growth of this market.
Manufacturers are focusing on expanding their
customer base by offering discounts and reaching
them via different ways, such as e-commerce
platforms. The cellulosic fiber segment is
estimated to register the highest CAGR of 7.1
from 2021 to 2028. Cellulosic fiber is obtained
after the chemical processing of cotton linters
and wood pulp. The segment is used to create a
variety of fabrics, such as denim,
corduroy, muslin, linen, and organza. With
the increasing popularity of these fabrics
among consumers, it is expected that the
segment will witness momentous growth over the
forecast period. Click Here To Request Free Demo
of Mens Coats and Jackets Market Report
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ts-jackets-market-report/request-demo
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The online distribution channel is estimated to
register the highest CAGR of 6.5 from 2021 to
2028. The use of online shopping portals and
mobile apps is getting popular among consumers
for shopping due to the simplicity and
convenience associated. Products are available at
economic rates via online channels compared to
offline channels. Moreover, end users choose the
most believed shopping portals or mobile apps to
purchase. Thus, the growth of this segment is
observed to be more. Asia Pacific is expected to
expand at the highest CAGR of 6.5 from 2021 to
2028. China and India are positively
contributing to the growth of the regional
market. With a growing population, an
increasing number of working women, and changing
fashion trends, the region is witnessing high
demand for apparel. Many multinational
companies are expanding in this region due
to the low labor cost and the easy
availability of raw materials, resulting in low
manufacturing costs. During the COVID-19
pandemic and lockdown situation, the governments
of various countries restricted the physical
movement and citizens preferred to stay at home
as a precautionary measure. Various sports
events, exhibitions, and other public events were
canceled across the world. Moreover, corporate
offices are opened with a less number of
employees while most of the employees are working
from home. Due to the restricted production,
disturbed supply chains, and reduced demand,
the market experienced a shortfall in the
sales of apparel. However, it is expected that
the market will soon witness healthy growth in
the upcoming years after COVID restrictions are
eased.
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