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Women’s Coats And Jackets Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global women’s coats and jackets market was valued at USD 22 billion in 2022 and is projected to expand at a CAGR of 5.3% from 2023 to 2030. The increasing demand for fashionable and stylish coats and jackets among women is primarily driving the market. Women are increasingly focusing on their wardrobe and are constantly investing in new clothing items, including coats and jackets. The growing trend of online shopping has also enabled customers to buy coats and jackets at an affordable price with the availability of discounts, promotions, and offers. Furthermore, the availability of a wide range of products online is also boosting the demand for women’s coats and jackets.
The increasing demand for lightweight and trendy coats and jackets is supporting the growth of the market. Manufacturers are focusing on innovative designs and technology to meet the rising consumer demand. For instance, in July 2021, Columbia Sportswear Company launched the OutDry Ex Eco Rain Jacket, made from recycled materials, to meet consumer demand for sustainable products. Additionally, the increasing trend of athleisure and the growing popularity of casual wears are also driving the market.
The rising trend of layering is also driving the demand for women’s coats and jackets. Layering is a popular trend among women, as it helps them to create a unique look and still keep warm. In addition, the increasing demand for coats and jackets with climate-proofing features, such as water-resistant and windproof materials, is driving the market growth. For instance, in August 2021, Patagonia launched the Storm Racer Jacket, which is designed to keep wearers dry and protected from harsh weather conditions.
The increasing demand for stylish and fashionable coats and jackets has led to the launch of new products by market participants to meet the growing consumer demand. For instance, in October 2021, Columbia Sportswear Company unveiled its new Voodoo Falls 590 TurboDown Jacket with advanced insulation technology. Furthermore, the rising trend of sustainability and the increasing demand for eco-friendly products are also driving the market. For instance, in December 2021, The North Face unveiled its Eco Future Line of jackets, which are made from recycled and sustainable materials.
Product Insights
The lightweight coats segment held the largest market size in 2019 and is anticipated to maintain its dominance over the forecast period. The lightweight coats segment is projected to grow at the highest CAGR of 7.4% during the forecast period. Lightweight coats are suitable for women of all age groups and are gaining popularity owing to their trendy designs and patterns. According to a survey conducted by GfK, in 2019, around 80% of the women surveyed stated that they like to buy a new coat every year. Furthermore, increasing disposable income and rising fashion trends are driving the growth of the lightweight coats segment.
The denim jackets segment is also anticipated to witness a steady growth over the forecast period. The denim jackets segment is expected to register a CAGR of 6.5% during the period 2020-2027. Denim jackets offer a stylish and chic look to the wearer and are being increasingly adopted by women of all age groups. Growing fashion trends, the emergence of various denim jacket brands, and the increasing penetration of e-commerce are some of the factors driving the growth of the denim jackets segment.
Distribution Channel Insights
The department stores segment held a major share of over 33.3% in 2022. Department stores are the preferred choice for women for buying winter clothing, such as coats and jackets. Department stores offer a wide range of products from well-known as well as local brands at competitive prices. In addition, department stores also offer discounts and promotional offers from time to time, which further boosts their sales. Moreover, department stores also provide a one-stop-shop for the customers, allowing them to choose from different types of high-end winter clothing.
The online segment is projected to witness the fastest growth rate during the forecast period. The increasing penetration of internet and smartphones among women has led to a substantial increase in online shopping. Companies are focusing on online sales channels to increase their reach, as it helps them in cutting down the costs associated with physical stores. For instance, in May 2021, Amazon.com Inc. launched a new platform, Project Boom, offering women’s coats and jackets. The platform offers various brands and styles of winter clothing, with delivery within 2-3 days.
Type Insights
The casual segment dominated the women’s coats and jackets market in terms of revenue in 2020. The increasing demand for comfortable and fashionable attire has made casual wear a popular choice among women. The growing trend of athleisure and casual wear has created a strong demand for casual jackets and coats among women. Furthermore, companies are focusing on the launch of a new range of casual jackets and coats to cater to the needs of consumers. For instance, in November 2020, American Eagle launched a new collection of women’s jackets and coats, including denim jackets and puffers.
The formal segment is estimated to register the highest CAGR of 5.6% over the forecast period. Increasing need for formal attire due to the rising number of women in the workforce is driving the market growth. Moreover, the growing trend of formal jackets and coats with embellishments and designs is boosting the sales of the product. Furthermore, companies are focusing on the launch of new formal coats and jackets to meet the needs of their customers. For instance, in December 2020, Mango launched its new collection of formal jackets, which include wool blend and corduroy jackets.
Regional Insights
Europe dominated the market and accounted for the largest revenue share of over 40% in 2022. This growth can be attributed to the increasing demand for fashionable and comfortable coats and jackets in the region. Furthermore, the growing popularity of online retailing is expected to drive the growth of the market in Europe. For instance, in April 2021, the UK-based online fashion retailer Boohoo Group acquired the online retail subsidiary of the U.S.-based company Nasty Gal.
North America is expected to witness the second-fastest growth in the coming years. The presence of several prominent players in the region, such as Canada Goose and Mackage, is expected to drive the growth of the market in North America. Furthermore, changing fashion trends and growing demand for stylish products are expected to contribute to the growth of the market. For instance, in March 2021, Canada Goose launched a new line of women’s coats and jackets featuring a range of functional and stylish details.
Financial Projections
In this part of the Women’s Coats And Jackets Products 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 Women’s Coats And Jackets Products business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for a Women’s Coats And Jackets Products business comes from sales of coats and jackets, as well as any other related products such as accessories and clothing. Here you will find a list with a description of each of them and other possible sources of profit.
Projecting Expenses
In this section, all the regular expenses related to keeping the Women’s Coats And Jackets Products business running will be described. The list of operating expenses includes wages, inventory costs, utilities, advertising, shipping and handling, and others.
Key companies & market share insights
Some of the key companies operating in the women’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, Gap Inc. launched the Women’s Icon Denim Jacket, a classic denim jacket designed to provide extra warmth in colder weather.
– In August 2022, Zara launched its Spring/Summer Collection, which includes a variety of coats and jackets for women.
– In October 2022, H&M launched its Autumn/Winter Collection, which includes a variety of coats and jackets for women.
Some of the prominent players in the women’s coats and jackets market include:
– Gap Inc.
– Zara
– H&M
– Uniqlo
– Burberry Group PLC
– Abercrombie & Fitch Co.
– Polo Ralph Lauren Corporation
– American Eagle Outfitters, Inc.
– Levi Strauss & Co.
– Columbia Sportswear Company
Global Women's Coats And Jackets Market Segmentation
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 women’s coats and jackets products market based on product, distribution channel, type, and region:
1. Product Outlook (Revenue, USD Million, 2017 – 2030)
– Lightweight Jackets
– Down Jackets
– Parkas
– Blazers
– Others
2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
– Supermarkets & Hypermarkets
– Online
– Specialty Stores
– 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
Frequently Asked Questions
[Q]: What Factors Are Driving the Women’s Coats and Jackets Market?
[A]: The growth of the women’s coats and jackets market is mainly attributed to the increasing demand for winter fashion products, rising disposable income, and the availability of a wide range of products. Moreover, the introduction of online retail channels, increasing number of fashion shows, and the increasing popularity of athleisure have also been driving the growth of the women’s coats and jackets market.
[Q]: What are the Key Vendors Operating in the Women’s Coats and Jackets Market?
[A]: The key vendors operating in the women’s coats and jackets market include Abercrombie & Fitch, Amazon, ASOS, Gap, H&M, Inditex, J. Crew, and Uniqlo.
[Q]: What Region Offers the Largest Opportunity for Sales of Women’s Coats and Jackets?
[A]: North America is expected to be the largest market for women’s coats and jackets, accounting for over 32% of the global market share in 2019. This is because of the increasing demand for fashionable winter wear and the high disposable income of consumers in the region.
[Q]: What are the Trends Impacting the Women’s Coats and Jackets Market?
[A]: The increasing popularity of athleisure, the introduction of new styles and fabrics, and the rising demand for faux fur coats and jackets are some of the major trends impacting the women’s coats and jackets market. Additionally, the increasing demand for sustainable fashion products, such as organic cotton and eco-friendly dyes and fabrics, is also expected to drive market growth.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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