The global heated jacket market size is expected to reach ~US$ 368.5 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~16.8% between 2019 and 2029. According to the report, rise in participation of outdoor sports activities in winters such as hiking, trekking, and skiing among millennial population drives demand for heated jacket across the globe. The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.
It includes in-depth insights into the heated jacket market. Some of these are:
- The estimated value of the heated jacket market was at ~US$ 77.7 Mn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a substantial growth.
- Regionally, North America dominates the heated jacket market globally attributed to high adoption of heated jackets among hikers, cyclists, and other winter sports enthusiastic people.
- East Asia emerges as one of key markets owing to rise in demand for fashionable products, increasing participation in outdoor activities, and consumers in the region are highly influencing by western culture.
- Rapidly emergence of online retailers’ sales channel is expected to boost the sales of heated jacket over the forecast period.
- Prominent players in the market are focuses on new product development, innovative marketing campaigns, promotional activities, collaborative partnership with sports influencers and celebrities to increase their brand penetration along with expand market footprint to have a competitive edge among their competitors.
Rise in Demand for High Power Heated Jacket among Consumers
Based on the power type, the 5-7 volt is expected to be the leading markets in the global heated jacket over the forecast period. 5-7 volt power type heated jackets are mostly preferred by consumers as it offers long lasting warmth, significant temperature level, and provide low, medium, and high heat settings are the primary factors expected to exhibit a significant growth in the global heated jacket market during the forecast period. Furthermore, the 7 volt power type heated jacket lasts for 10 to 11 hours and they are light weight, easy-grip shape as well as comfortable propel the global heated jacket market for further growth. However, 7-20 volt heated jacket segment is expected to expand at higher CAGR during the forecast, as these type of heated jacket heats up considerably faster than other heated jacket types.
For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-11154
Who is Winning?
Some of the leading players operating in the heated jacket market are Milwaukee Electric Tool Corporation, Kelvin Coats, Ororo, DEWALT, H2C Brands, LLC, Venture Heated Clothing Company, Robert Bosch Tool Corporation, Heated Wear Gerbing Gyde Company, Dragon Heatwear Company, Outcool, AdirPro, Comfortwear International, Inc., Fieldsheer Company, Climix Heated Jackets Company, Knap Energy Heated Jacket, Pau1Hami1ton, Xiaomi Corporation, Redder, PROsmart Heated Clothing Company, Ravean, and others. These manufacturers are continuously investing on research and development activities to develop light weight, comfortable heated jacket with high power capacity for cold weather workers and for various outdoor activities as well as winter sports. Moreover, increasing their sales channel across the globe through strategic partnership, with small scale vendors, innovative marketing strategies, various certifications, and enter into online platform remains the most prominent strategy among the key manufacturers in the market. Companies intend to expand their geographical footprint through collaborating with local players.
- In 2019, Xiaomi Corporation introduced a new cotton smith heated down jacket specially designed for the winter. This new heated jacket will keep consumer warm during extremely cold weather with a temperature around -120 degree Celsius.
- In 2019, Kelvin Coats launched a new line of fashionable heated puffer coats with advanced warming technology to expand its product offering as well as offer most appealing and stylish heated apparel to the customers.
Get Valuable Insights into Heated Jacket Market
Future Market Insights, in its new report, presents an unbiased analysis of the global heated jacket market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights on the heated jacket market based on end-user (men and women), power type (below 5 volt, 5-7 volt, and 7-20 volt), size (small, medium, large, XL[excel], and 2XL[double excel]), application (leisure, industrial/construction, DIY, and other applications), sales channel (supermarkets/hypermarkets, specialty outlets, multi-brand stores, independent stores, e-retailers, and other sales channels), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).
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