Global Winter Wear Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global winter wear market will account to an estimated USD 401.25 billion in 2018 growing at a CAGR of 5.45% during the forecast period of 2019 to 2026.

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Global Winter Wear Market

Winter wear are a specific category of clothing that provides specific protection to its wearer against the cold climate/weather. These clothes are majorly utilized as outgoing clothes which has resulted in the requirement of enhanced aesthetic appeal of them along with their functionality of protecting the user from rough cold temperatures.

Segmentation: Global Winter Wear Market

Global winter wear market is segmented on the basis of product type, price range, demographic, distribution channel and geography.

By Product Type (Jackets/Coats, Sweaters/Cardigans, Scarves, Shawls, Wraps, Thermals, Suits, Others), Price Range (High Price, Medium Price, Low Price), Demographic (Men, Women, Kids), Distribution Channel (Hypermarkets/Supermarkets, Specialty Stores, Multi-Brand Stores, Independent Small Retailers, Online Retailers, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN WINTER WEAR MARKET

Increasing levels of disposable income

According to Organisation for Economic Co-Operation and Development (OECD), there has been a steady rise in the levels of disposable income in the European Union for top five countries with the highest level of disposable income per capita. This has seen the per capita income of Luxembourg rise from USD 42.21 thousand in 2016 to USD 44.45 thousand in 2017; Germany’s has risen from USD 37.48 thousand in 2016 to USD 39 thousand in 2017; Austria’s has risen from USD 35.65 thousand in 2016 to USD 36.17 thousand in 2017; France’s has risen from USD 33.03 thousand in 2016 to USD 34.04 thousand in 2017; Belgium’s has risen from USD 32.97 thousand in 2016 to USD 33.95 thousand in 2017.

This growth of the per capita disposable income is expected to positively drive the growth of winter wear market.

Key Market Competitors: Global Winter Wear Market

Few of the major competitors currently working in the winter wear market are Arc’teryx, Columbia Sportswear Company, Gap Inc., Marmot Mountain LLC, Nike Inc., Patagonia, Eddie Bauer LLC, Zara, Forever21 Inc., Macys.com LLC, VF Corporation, The TJX Companies Inc., Walmart, Canada Goose Inc., Helly Hansen, Adidas, PUMA SE, Under Armour Inc., ASICS Corporation, New Balance, Michael Kors, Ann Inc., J.CREW, Wintergreen Northern Wear and Fjällräven.

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