PUBLISHER: SkyQuest | PRODUCT CODE: 1510373
PUBLISHER: SkyQuest | PRODUCT CODE: 1510373
The Heated Jacket Market size was valued at USD 1.42 Billion in 2022 and is poised to grow from USD 1.50 Billion in 2023 to USD 2.32 Billion by 2031, at a CAGR of 5.60% during the forecast period (2024-2031).
The Heated Jacket Market has seen remarkable expansion recently due to advancements in technology, shifting weather patterns, and rising consumer interest in comfortable outdoor clothing. These jackets incorporate integrated heating elements that offer warmth and cosiness in cold climates, appealing widely to outdoor enthusiasts, workers in chilly environments, and anyone seeking warmth during winter pursuits. A significant factor propelling market growth is the increasing awareness of the advantages of heated apparel. Consumers appreciate features like adjustable heating levels, battery-operated warmth, and lightweight designs, extending the appeal of heated jackets beyond traditional winter gear to activities such as skiing, hiking, hunting, and motorcycling. Enhanced battery performance and safer heating technologies have also played crucial roles in expanding market adoption. Furthermore, with global weather patterns showing increased volatility, including colder winters in some areas, there is a growing need for practical outdoor warmth solutions like heated jackets, catering to the burgeoning interest in outdoor recreation like camping and winter sports.
Top-down and bottom-up approaches were used to estimate and validate the size of the Heated Jacket Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Heated Jacket Market Segmental Analysis
The heated jacket market is segmented based on power rating, size, application, sales channel, end-user, and region. By power rating, the market is segmented into up to 5 volt, 5 to 7.4 volt, 7.4 to 20 volt. Based on size, the market is segmented into small heated jackets, medium heated jackets, large heated jackets, XL heated jackets, and 2XL heated jackets. Based on application, the market is segmented into leisure heated jackets, industrial/ construction heated jackets, DIY heated jackets, and other. Based on sales channel, the market is segmented into wholesalers/distributors, hypermarkets/supermarkets, multi-brand stores, exclusive stores, independent small stores, online retailers, and others. By end-user, the market is segmented into men, and women. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Drivers of the Heated Jacket Market
The surge in the heated jacket market is largely fuelled by the necessity for warmth and comfort amidst cold climates. These jackets are particularly favoured by outdoor enthusiasts, cold environment workers, and residents of regions enduring severe winters. With climate change causing more frequent and intense weather conditions, the demand for heated clothing like jackets is anticipated to grow. As extreme cold spells become more commonplace, consumers increasingly seek reliable solutions to stay warm outdoors, driving the market for heated apparel. Thus, the heated jacket sector is poised to expand as it meets the escalating need for thermal comfort in challenging weather scenarios.
Restraints in the Heated Jacket Market
Heated jackets are generally pricier compared to traditional ones because of incorporated heating components, batteries, and advanced technology. This increased expense often poses a considerable hurdle for potential buyers. Although the enduring advantage of staying comfortably warm in cold weather might justify the initial investment, the upfront price tag remains a deterrent for many, constraining the expansion of the market.
Market Trends of the Heated Jacket Market
Heated jackets were becoming increasingly popular, driven by the rising enthusiasm for outdoor pursuits like winter sports, hiking, camping, and hunting. As consumers sought ways to stay warm and comfortable in cold climates, the demand for heated apparel surged. This trend was especially notable in regions characterized by harsh winters, such as North America and Europe. The appeal of heated jackets lay not only in their ability to provide warmth but also in their convenience and versatility for various outdoor activities. This growing preference reflected a broader trend towards innovative solutions that enhance outdoor experiences in challenging weather conditions.