Men's Coats And Jackets Market size is estimated to reach USD 68.60 billion by 2028

 Men’s Coats And Jackets Industry Overview

The global men’s coats and jackets market size was estimated at USD 48.5 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2022 to 2028.

 

The growing acceptance of corporate culture and the need for protection of the body from changing atmosphere are attributing to the growth of this market. Additionally, the increasing per capita income and buying power are driving forces for the growth of the market. Moreover, the rising adoption of automatic machines by manufacturers increases the production of coats and jackets and reduces the cost associated. The companies are focusing on expanding their customer base by offering discount schemes and reaching them in different ways, such as through e-commerce platforms is expected to accelerate the market growth.

 

Gather more insights about the market drivers, restrains and growth of the Global Men’s Coats And Jackets Market

 

Continuously changing consumer spending habits, digital innovation, and rising urbanization coupled with disposable income are expected to accelerate market growth. Furthermore, constant innovation in coats and jackets trends, magazines dedicated to fashion statements, and celebrity endorsements are anticipated to boost the global market growth. Correspondingly, the rising investment by the key market players in advertising campaigns, promotional activity, and social media marketing is accelerating the market growth during the forecast period.

 

The coats and jackets for men are outer garments and used for warmth or fashion. Coats and jackets are typically manufactured with long sleeves. Both coats and jackets have collars, lapels, and pockets. The fabric used for coats and jackets is velvet, jacquard, wool, fur, and leather. These products are available in different styles, colors, and designs for multiple usages, which include casual, formal, and cocktail parties. Both coats and jackets are available in long and short lengths, which, in turn, will drive the industry demand.

 

The increasing demand for premium quality coats and jackets is propelling the market growth. In addition to this, manufacturers are investing in innovations and developing new products and also focusing on the utilization of sustainable raw materials, which is expected to accelerate the market growth during the forecast period. Moreover, the companies are providing a wide range of products with innovative design and advanced features, which, in turn, raises product premiumization along with product line extension, thereby propelling the market growth during the forecast period. 

 

Browse through Grand View Research's Clothing, Footwear & Accessories Industry Research Reports

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Key Companies Profile

Some of the prominent players in the global men’s coats and jackets market include:

  • Dior
  • H&M Hennes & Mauritz AB
  • CHANEL
  • Guccio Gucci S.p.A.
  • PRADA
  • Burberry Group Plc
  • Giorgio Armani S.p.A.
  • Dolce & Gabbana S.r.l.
  • Gianni Versace S.r.l.
  • Louis Vuitton, Inc.

 

Order a free sample PDF of Men's Coats And Jackets Market Intelligence Study, published by Grand View Research.

 

 

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