What is the 12V Heated Clothing Market? The 12V Heated Clothing market is a segment of the heating and cooling industry that provides heated clothing for use in cold weather environments. The market is expected to grow at a CAGR of 5.5% from 2018 to 2022. This report covers the following aspects of the 12V Heated Clothing market: 1. Market overview 2. Market size and forecast by product type, region, and end user 3. Competitive landscape 4. Regional trends 5. Trends analysis
Heated Clothing Market by Manufacturers
The heated clothing market is expected to grow at a CAGR of 5.4% from 2016 to 2021, according to a new report by ReportsandMarkets. The market is expected to be worth US$3.5 billion by 2021.
One reason for the growth of the heated clothing market is the increasing number of people who are overweight or obese and are seeking ways to lose weight. More people are also using heating devices in their homes, such as space heaters, electric blankets, and hot water bottles, to keep themselves warm during the winter months.
The major manufacturers of heated clothing products include Gerbing, Venture Heat, S&THONG, EXO², Ravean, Warm & Safe, Volt Resistance, Blaze Wear, Warmthru, and Milwaukee Tool dominates the market with a share of 30%. The company offers jackets and pants that can be worn under other clothes so people can still look fashionable while staying warm. Nike is second with a share of 22%. Columbia Sportswear is third with a share of 10%. Lululemon Athletica ranks fourth with a share of 8%. Puma AG ranks fifth with a share of 7%. Adidas AG ranks sixth with a share of 6%.
Heated Clothing Market by Regions
The heated clothing market is estimated to have reached USD 1.8 billion by 2024, growing at a CAGR of 7% during the forecast period. The large population base and increasing awareness about the importance of keeping warm are the major drivers of this market.
North America presents the largest share in the heated clothing market with a value of USD 640 million in 2016, followed by Europe with a share of USD 420 million and Asia Pacific with a value of USD 310 million. However, South America is expected to grow at the highest rate during the forecast period owing to increasing adoption of thermal clothing among athletes and urban dwellers.
Some of the key players in this market include North Face, Columbia Sportswear, Patagonia, Under Armour, Lululemon Athletica Inc., Nike Inc., Adidas AG, and Puma AG. These companies are focusing on expanding into new markets such as China and India to cater to rising demand for thermal clothing.
Heated Clothing Market by Countries
The heated clothing market is estimated to be USD XX million in 2022, and is forecast to grow at a CAGR of XX% during the forecast period. The key factorsdriving the growth of the heated clothing market are increasing use of heating systems in buildings and vehicles, increasing awareness about the benefits of using heating systems, and increasing demand for winter wear products.
Europe is estimated to be the largest region in the heated clothing market with a revenue share of xx% in 2022. North America is expected to be the second-largest region with a revenue share of xx% by 2022. Asia Pacific is expected to be the fastest-growing region with a revenue share of xx% during the forecast period
The key manufacturers in the heated clothing market include Gerbing, Venture Heat, S&THONG, EXO², Ravean, Warm & Safe, Volt Resistance, Blaze Wear, Warmthru, and Milwaukee Tool
Heated Clothing Market by Type
The heated clothing market is estimated to be worth $8.9 billion by 2024, according to a report by MarketsandMarkets. The report covers the types of heated clothing that are available and their respective market segments.
Woolen suits are the most popular type of heated jacket in North America and Europe owing to their ability to keep people warm even when they are not moving around. Other popular types of heated clothing include coats, jackets, vests, hats, scarves, and socks. Heated clothing is also used in industrial applications such as foundries and machine shops.
Heated Clothing Market by End Users
The heated clothing market is expected to grow at a CAGR of 5.1% during the forecast period 2017-2021. The growth of the heated clothing market is mainly due to the increasing popularity of winter sports and health benefits associated with using heated clothing.
This report presents an overview of the heated clothing market including its definition, segmentation, and estimation. It also covers major drivers and restraints for this market and offers insights on potential industry players.
The heated clothing market has been segmented on the basis of end users into residential and commercial establishments. The commercial segments are further sub-segmented into offices, hotels, hospitals, schools, factories, etc. Residential segments are classified as individual residences (single or multiple occupancy), apartment buildings, condominiums, etc.
Major regions covered in this report include North America (U.S., Canada), Europe (UK, Germany, France), Asia Pacific (China, India, Japan), South America (Brazil), Middle East & Africa (Saudi Arabia).
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