The growing popularity of recreational and adventure sports such as trekking and hiking is expected to drive heated jacket product demand even higher in China. The emergence of new market participants in China will fuel the heated jacket market's expansion.
NEWARK, DE / ACCESSWIRE / October 12, 2022 / The global heated jacket market is projected to reach a value of US$ 520 Mn by 2027, with the market growing at a stellar CAGR of 17.6% from 2022 to 2027. Predicted to reach an estimated US$ 231.3 Mn in 2022, the heated jacket market is driven by rising demand from athletes and winter sports enthusiasts.
Implementation of improvements and innovations like the addition of a polyester thermal lining into the product will further augment the sales of heated jackets in the global market over the forecast period. Heated jackets are heated clothes that are usually worn by workers on low-temperature occasions so as to execute outdoor tasks like on-site jobs, DIY professionals, and others.
These jackets can be kept at hand and cleaned with ease. The market for heated jackets consists of revenue sources mainly in cold environments. Generally equipped with a USB power supply, the outside cover of heated jackets is made of durable, water and air-resistant fabrics. Some of these heated jackets also feature an LED remote that permits temperature control.
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These jackets are used for sports, recreation as well as heavy-duty activities in turbulent weather. All of these considerations foster an environment of growth for the heated jacket market. Moreover, small-scale building operations and recreational projects are likely to push the demand for heated jackets.
With rising product and reliability concerns, many companies are increasingly depending on technical improvement and product development to increase their sales. This, along with factors like the elevated contribution of the 5-7-volt power type segment to the overall market growth, and the high sales of heated jackets through online sources will further benefit the expansion of the heated jacket market during the forecast period.
"Product enhancements such as the addition of a polyester thermal lining for maximum relief and heat absorption will supplement the global growth of the heated jacket market over the forecast period," says an FMI analyst.
Key Takeaways:
- Escalating demand for the target product from winter sports enthusiasts will strengthen market opportunities.
- High prices and intense competition may hamper market growth.
- North America will lead the heated jacket market over the forecast period.
- Product enhancements drive the target market growth in the U.K.
- China's heated jacket market will register heightened demand due to trending leisure activities.
- The large-size segment will account for 29.7% of the market share in 2022.
- The 2XL size segment currently accounts for 22.2% of the global market share.
Competitive Landscape
Major market players are consolidating their efforts on introducing new items that are trendy as well as of the best quality. These businesses are keen on strengthening their market presence by expanding production facilities and distribution channels to reach potential buyers all over the world.
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Key Companies Profiled: -
- Ororo
- Robert Bosch Tool Corporation
- Dewalt
- CLIMIX
- Paul Hamilton
- Venture Heated Clothing
- Milwaukee
- Heated Wear Gerbing Gyde
- Makita
- Stanley Black & Decker, Inc.
- Blaze Wear
- H2C Brands, LLC
- Duralogic USA, LLC
More Insights into Heated Jacket Market Report
In its latest report, FMI offers an unbiased analysis of the global heated jacket market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2027.
To understand the global market potential, growth, and scope, the market is segmented on the basis of power type (below 5 volts heated jackets, 5-7 volts heated jackets, 7-20 volts heated jackets), size (small heated jackets, medium heated jackets, large heated jackets, XL heated jackets, 2XL heated jackets), end user (heated jackets for men, heated jackets for women), application (leisure heated jackets, industrial/ construction heated jackets, DIY heated jackets, other applications), sales channel (wholesalers/ distributors, hypermarkets/ supermarkets, multi-brand stores, exclusive stores, independent small stores, online retailers, other sales channels), and region.
According to the latest FMI reports, based on segmentation, by sizes, the large and 2XL segments are likely to be prime contributors to the overall heated jacket market growth, accounting for 29.7% and 22.2% of the global market share. This growth is mainly due to a surge in the use of these jackets by millennial and Gen Z consumers.
Based on region, North America will dominate the international market space owing to heightened demand from winter athletes. East and South Asia also show exponential growth potential for the target market. The heated jacket market in the U.K. is projected to exhibit significant growth during 2022-2027.
Increasing product development and innovation occurring due to shifting temperatures act as growth-inducing factors for the target market in the United Kingdom. Apart from the U.K., China, too, will present considerable growth in the heated jacket market over the forecast period.
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Key Statistics
1.3. Summary of Key Findings
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Taxonomy
2.2. Market Scope
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Trends in Major Countries
3.3. Product Innovation Trends
3.4. Future Prospects of Heated Jacket Industry
4. Brand Mapping Analysis
4.1. Price v/s Product
4.2. Value for Money
4.3. Top of Mind Heated Jacket Brands
4.4. Brand Portfolio-by Key Players
4.5. Brand Loyalty Mapping
4.6. Branded vs Unbranded-Sales Channel Mix
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