Rainwear Market Growth Prospects Predicted to Reach $1,862.6 Million, with 6.0% Annual Growth From 2021 to 2030

According to a new report published by Allied Market Research, titled, "Rainwear Market by Product Type, Material, End-Use, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030,". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. The global rainwear market was valued at $1,045.0 million in 2020, and is projected to reach $1,862.6 million by 2030, registering a CAGR of 6.0% from 2021 to 2030.

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"𝑻𝒉𝒆 𝑹𝒂𝒊𝒏𝒘𝒆𝒂𝒓 𝒎𝒂𝒓𝒌𝒆𝒕 𝒊𝒔 𝒆𝒙𝒑𝒆𝒄𝒕𝒆𝒅 𝒕𝒐 𝒘𝒊𝒕𝒏𝒆𝒔𝒔 𝒔𝒊𝒈𝒏𝒊𝒇𝒊𝒄𝒂𝒏𝒕 𝒈𝒓𝒐𝒘𝒕𝒉 𝒅𝒖𝒆 𝒕𝒐 𝒊𝒏𝒄𝒓𝒆𝒂𝒔𝒆 𝒊𝒏 𝒕𝒉𝒆 𝒑𝒂𝒓𝒕𝒊𝒄𝒊𝒑𝒂𝒕𝒊𝒐𝒏 𝒐𝒇 𝒓𝒆𝒄𝒓𝒆𝒂𝒕𝒊𝒐𝒏𝒂𝒍 𝒂𝒄𝒕𝒊𝒗𝒊𝒕𝒊𝒆𝒔 𝒂𝒏𝒅 𝒊𝒏𝒄𝒓𝒆𝒂𝒔𝒆 𝒊𝒏 𝒖𝒔𝒂𝒈𝒆 𝒄𝒐𝒖𝒑𝒍𝒆𝒅 𝒘𝒊𝒕𝒉 𝒓𝒊𝒔𝒆 𝒊𝒏 𝒑𝒐𝒑𝒖𝒍𝒂𝒕𝒊𝒐𝒏."

Apparels are those garments that feature and perform multiple functions apart from just their aesthetics and basic protection of the wearer. Rainwear has been gaining importance as a fashion statement, particularly among millennial men and women. The color-blocking street style trends are increasing and gaining strong ground in the market. Moreover, water-repellant trench coats and transparent lace raincoats are becoming popular due to innovative designs. Hence, the rainwear market is estimated to witness significant rainwear market growth during the forecast period.

High prices and significant popularity of rainwear's product lead to the advent of counterfeit brands, which are usually prevalent in developing economies where customers are highly price-sensitive. This factor hampers the sale of existing original rainwear products in these economies.

Rainwear market has witnessed steady growth in the recent years. North America and Europe are considered as mature markets and resulted in the growth in manufacturers' foothold in Asia-Pacific, such as India and China. Thus, most of the companies have shifted their production plants to China and other Asia-Pacific countries to reduce the manufacturing costs. Furthermore, adoption of branded and premium clothing witnessed a significant growth, owing to increase in population and economic stability in the aforementioned emerging markets.

On the basis of product type, the jackets segment was the highest contributor to the market. and is expected to sustain its dominance during the forecast period. Rain jackets are very popular among working professionals, youngsters, athletes, camping and hiking groups, bikers, among others.

On the basis of material, polyester fabric material is less expensive and its manufacturing involves less time. Polyester fabric material is most commonly used in various countries. It is considered as a sustainable alternative for people who do not prefer nylon and other material. Owing to large range of applications and advantages of such type of material, this segment is expected to exhibit a considerable growth rate.

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Region-wise, North America dominated the rainwear market in 2020, and is expected to sustain its dominance during the rainwear market forecast period. The key factors driving the growth of the rainwear market in the region are high purchasing capacity of majority of the population and high demand for luxury and superior quality products.

The players operating in the global rainwear market have adopted various developmental strategies to expand their market share and increase profitability in the market. The key players profiled in this report include Fox Umbrellas Ltd, Prince Rainwear Pvt. Ltd, The North Face, Patagonia, Black Diamond Equipment, Wildcraft, NZ Seasonal Wear Private Limited, Stutterheim, Columbia Sportswear Company, and Ducktail Raincoats.

The Covid-19 pandemic has a vital impact on the growth of the global Rainwear Market and altered several market scenarios. The lockdown across various countries and ban on international travel has disrupted the supply chain and revenue chain. The report includes a thorough analysis of the Covid-19 pandemic on the growth of the global Rainwear Market.

𝐊𝐞𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐬𝐭𝐚𝐤𝐞𝐡𝐨𝐥𝐝𝐞𝐫𝐬:

○ The report provides quantitative analysis of the current rainwear market trends, estimations, and dynamics of the market size from 2020 to 2030 to identify the prevailing Rainwear market opportunities.
○ Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
○ In-depth analysis and the market size & segmentation assist to determine the market potential.
○ The major countries in each region are mapped according to their revenue contribution to the market.
○ The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the rainwear industry.

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𝐑𝐞𝐚𝐬𝐨𝐧 𝐭𝐨 𝐁𝐮𝐲 𝐑𝐚𝐢𝐧𝐰𝐞𝐚𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:

○ Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global Rainwear Market market.
○ Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
○ The key findings and recommendations highlight crucial progressive industry trends in the Rainwear Market Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
○ Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
○ Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth to a certain extent.
○ Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 "𝐀𝐌𝐑 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

○ Golf Clothing Market registering a CAGR of 6.0% from 2021 to 2030
https://www.alliedmarketresearch.com/golf-clothing-market-A12502

○ Asia-Pacific Athletic Sportswear and Footwear Market registering a CAGR of 4.3% from 2021-2027
https://www.alliedmarketresearch.com/asia-pacific-athletic-sportswear-and-footwear-market-A09922

○ Compression Wear and Shapewear Market is estimated to reach $6.95 billion
https://www.alliedmarketresearch.com/compression-wear-shapewear-market

○ Sustainable Athleisure Market is projected to reach $53,431.5 million by 2030
https://www.alliedmarketresearch.com/sustainable-athleisure-market-A13878

○ Plus Size Clothing Market registering a CAGR of 5.9% from 2021 to 2027
https://www.alliedmarketresearch.com/plus-size-clothing-market-A07966

○ Football Sportswear Market Is Estimated To Reach $114,414.1 Million By 2027
https://www.alliedmarketresearch.com/football-sportswear-market-A09835

○ Luxury Apparels Market is projected to reach $278,181.5 million by 2031
https://www.alliedmarketresearch.com/luxury-apparels-market

○ India Western Wear Market is expected to reach $6,041.8 million by 2032
https://www.alliedmarketresearch.com/india-western-wear-market-A24976

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.



Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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