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Men's Coats And Jackets Market

The global menu2019s coats and jackets market size was valued at USD 47.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028.<br>

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Men's Coats And Jackets Market

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  1. Men's Coats And Jackets Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and COVID-19 Impact Insights, 2028 “The global men’s coats and jackets market size was valued at USD 47.0 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.1% from 2021 to 2028.” The global Men's Coats And Jackets Marketresearch report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global men’s coats and jackets market size is expected to reach USD 68.60 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 5.1% from 2021 to 2028. Rising acceptance of the corporate culture and the need for the protection of the body from the changing atmosphere is contributing to the growth of this market. Additionally, rising per capita income and increasing purchasing power are the key factors fueling the growth of this market. Manufacturers are focusing on expanding their customer base by offering discounts and reaching them via different ways, such as e-commerce platforms. The cellulosic fiber segment is estimated to register the highest CAGR of 7.1% from 2021 to 2028. Cellulosic fiber is obtained after the chemical processing of cotton linters and wood pulp. The segment is used to create a variety of fabrics, such as denim, corduroy, muslin, linen, and organza. With the increasing popularity of these fabrics among consumers, it is expected that the segment will witness momentous growth over the forecast period. Click Here To Request Free Demo of Men’s Coats and Jackets Market Report: https://www.millioninsights.com/snapshots/mens-coats-jackets-market-report/request-demo

  2. The online distribution channel is estimated to register the highest CAGR of 6.5% from 2021 to 2028. The use of online shopping portals and mobile apps is getting popular among consumers for shopping due to the simplicity and convenience associated. Products are available at economic rates via online channels compared to offline channels. Moreover, end users choose the most believed shopping portals or mobile apps to purchase. Thus, the growth of this segment is observed to be more. Asia Pacific is expected to expand at the highest CAGR of 6.5% from 2021 to 2028. China and India are positively contributing to the growth of the regional market. With a growing population, an increasing number of working women, and changing fashion trends, the region is witnessing high demand for apparel. Many multinational companies are expanding in this region due to the low labor cost and the easy availability of raw materials, resulting in low manufacturing costs. During the COVID-19 pandemic and lockdown situation, the governments of various countries restricted the physical movement and citizens preferred to stay at home as a precautionary measure. Various sports events, exhibitions, and other public events were canceled across the world. Moreover, corporate offices are opened with a less number of employees while most of the employees are working from home. Due to the restricted production, disturbed supply chains, and reduced demand, the market experienced a shortfall in the sales of apparel. However, it is expected that the market will soon witness healthy growth in the upcoming years after COVID restrictions are eased.

  3. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights 410 E Santa Clara Street, Unit #1008 San Jose, CA, 95113, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: +91-8956380892 Email: sales@millioninsights.com

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