The global men’s coats and jackets market was valued at USD 115.7 billion in 2022 and is estimated to expand at a CAGR of 7.2% during the forecast period. The growing demand for fashion apparel and changing fashion trends are the major factors driving the market growth. Moreover, the increasing demand for winter wear due to the changing weather conditions is also contributing to the market growth.

The rising trend of layering clothing has further enhanced the demand for coats and jackets. Moreover, the increasing popularity of athleisure and sports apparel is boosting the demand for lightweight jackets. Furthermore, the rising trend of outdoor activities, such as camping and hiking, is driving the demand for functional jackets. For instance, in January 2021, The North Face launched its Flight RKT jacket for running, biking, and other outdoor activities.

In addition, the rising number of male customers in the apparel industry is further boosting the market growth. Furthermore, the increasing number of organized retail stores is adding to the market growth. For instance, in February 2021, Zara launched a new line of premium coats and jackets for men. The increasing number of online stores is also providing more convenience to customers, which is further fueling the market growth.

The increasing demand for jackets and coats with innovative features, such as water resistance and breathability, is also driving the market. Furthermore, manufacturers are also introducing new fabrics such as wool and cashmere blends to enhance the product performance. For instance, in January 2021, Canada Goose launched the X-Hale Collection, which is the company’s first foray into wool and cashmere blends.

Moreover, the increasing trend of personalization is also driving the market growth. For instance, in April 2021, Levi’s launched the Levi’s Tailor Shop, which offers a range of customization options for its iconic trucker jackets. Furthermore, the increasing demand for sustainable products is also driving the market. For instance, in April 2021, Patagonia launched its new jackets made from recycled plastic bottles.

The winter wear segment is expected to witness the highest CAGR of 6.3% during the forecast period. Increasing demand for lightweight and breathable winterwear is driving the growth of the segment. According to an article published in October 2019 by the New York Times, in the U.S., the demand for lightweight, waterproof jackets has been on the rise due to changing weather patterns. In addition, the introduction of new fabrics, such as synthetic fibers, has further propelled the demand for winterwear over the years.

The casual wear segment held a major market share in 2019. Rising demand for casual wear, such as denim jackets and leather jackets, is boosting the growth of the segment. Furthermore, growing demand for branded jackets and coats is augmenting the demand for men’s casual wear. Additionally, the increasing penetration of e-commerce platforms is also boosting the sale of casual wear across the globe.

The department stores segment accounted for the highest market share of 40.2% in 2022. Department stores offer a wide range of coats and jackets for men, which makes them a popular distribution channel among consumers. These outlets provide customers with a variety of options, enabling them to compare products on the basis of price and quality. Moreover, the presence of expert personnel in department stores helps consumers in selecting the right products. Furthermore, stores such as Macy’s, JCPenney, and Bloomingdales offer discounts and special offers on coats and jackets which attract customers to purchase from them.

The online segment is anticipated to witness the fastest growth rate of 11.8% during the forecast period. The rise in the number of internet users, increasing smartphone penetration, and the availability of a broad range of products on e-commerce portals, such as Amazon and eBay, are among the primary factors driving the growth of the segment. Furthermore, the convenience of shopping from home and the availability of discounts and offers on online stores has also attracted consumers to purchase coats and jackets from online stores.

The men’s coats and jackets segment accounted for the largest revenue share of 45.1% in the year 2022. The increasing demand for men’s coats and jackets in the market is due to the rising demand for fashionable and comfortable clothing. Moreover, the increasing fashion-consciousness among men is another factor driving the demand for modern and stylish coats and jackets. Furthermore, the increasing disposable income among consumers and the availability of a wide variety of coats and jackets are also driving the demand for this segment.

The men’s blazers segment is anticipated to expand at the highest CAGR of 8.3% over the forecast period. The increasing demand for formal and party wear is driving the demand for blazers. Moreover, the growing popularity of blazers for both formal and casual occasions is adding to the demand for this segment. Additionally, the increasing number of fashion-conscious men is propelling the demand for fashionable, lightweight, and comfortable blazers.

Europe accounted for the largest share of the global market in 2022. An increase in the demand for fashionable and stylish coats and jackets in the region is propelling the growth of the market. Moreover, the presence of major fashion brands, such as Burberry, Zara, and H&M, is also driving the growth of the market in the region.

Asia Pacific is expected to witness the fastest growth over the forecast period. The increasing disposable income of individuals in the region is expected to drive the demand for fashionable coats and jackets. The changing fashion trends and the introduction of new styles and designs are also expected to fuel the growth of the market in the region. Moreover, the rise in the disposable income of individuals in the region is also expected to propel the growth of the market in the region.

In this part of the Men’s Coats and Jackets business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a Men’s Coats and Jackets business comes from the sale of products, online sales, and retail stores. Here you will find a list with a description of each of them and other possible sources of profit such as special offers, discounts, and customer loyalty programs.

Projecting Expenses
In this section, all the regular expenses related to keeping the Men’s Coats and Jackets business running will be described. The list of operating expenses includes rent, wages, marketing, advertising, inventory, insurance policies, utilities, and others.

Some of the key companies operating in the men’s coats and jackets market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, H&M launched a new collection of men’s coats and jackets with lightweight fabrics, water-repellent properties, and a range of colors.

– In August 2022, Zara launched a new collection of luxury men’s coats and jackets, focusing on high-quality materials, innovative design, and advanced technology.

– In October 2022, Levi’s launched a new collection of winter coats and jackets, which are designed to provide superior warmth and protection against the elements.

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

– H&M
– Zara
– Uniqlo
– Gap
– Topman
– ASOS
– Levi’s
– Calvin Klein
– Tommy Hilfiger
– Marks & Spencer

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global men’s coats and jackets products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Lightweight Coats
– Heavyweight Coats
– Lightweight Jackets
– Heavyweight Jackets

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Mass
– Premium

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the key market trends in the men’s coats and jackets market?
[A]: The men’s coats and jackets market is witnessing an increasing demand for light-weight, stylish, and comfortable products. The rising trend of athleisure and casual attire is propelling the demand for the product. Moreover, the introduction of innovative materials such as synthetic fibers, which are lightweight and comfortable, is expected to further boost the market growth.

[Q]: Who are the key players in the men’s coats and jackets market?
[A]: The key players operating in the men’s coats and jackets market are Nike, Inc., VF Corporation, Gap Inc., H&M Hennes & Mauritz AB, Uniqlo Co., Ltd., American Eagle Outfitters, Inc., Columbia Sportswear Company, Tom Tailor Group, and L Brands, Inc.

[Q]: What are the factors driving the men’s coats and jackets market?
[A]: The men’s coats and jackets market is driven by factors such as the increasing demand for fashionable and stylish apparel, the rising trend of athleisure, and the increasing disposable income of consumers. Furthermore, the rising trend of e-commerce is providing an added impetus to the market growth.

[Q]: What are the major distribution channels for men’s coats and jackets?
[A]: Department stores, specialty stores, online stores, and other retail stores are the major distribution channels for men’s coats and jackets. The rising trend of e-commerce is expected to further boost the market growth in the forecast period.

[Q]: Which region offers the largest opportunity for sales of men’s coats and jackets?
[A]: Asia-Pacific is anticipated to be the most profitable region for the men’s coats and jackets market, with an absolute dollar opportunity of $17 B (USD). This is owing to the rising disposable income of consumers in the region, as well as the rising demand for fashionable apparel.