The global sailing jackets market size is expected to reach USD 188.1 million by 2025, according to a new report by Grand View Research, Inc. It is anticipated to register a CAGR of 6.7% over the forecast period. The rise in marine sports events coupled with increased participation in sailing, cruising, and boating activities is projected to drive the product demand. Furthermore, the rapid growth of the powerboat industry is expected to accelerate market growth.
The men application segment held the leading market share of around 60% in 2018. Increased participation of millennial men in watersports is expected to fuel the demand for sailing jackets in this segment. On the other hand, the women application segment is projected to witness the fastest CAGR in the upcoming years. An increasing number of women’s participation in sailing sport is expected to fuel the demand for sailing jackets.
North America led the global sailing jackets market with a revenue share of more than 40% in 2018. The U.S. dominates the market due to the presence of a large number of sailors. The Asia Pacific, on the other hand, is anticipated to register the fastest CAGR over the forecast period. A rise in water sport activities in China, Australia, and South Korea is expected to boost regional market growth.
Key competitors of this industry include Canadian Tire Corporation, Limited (Helly Hansen), Henri-Lloyd International Ltd., Gill Marine, Marinepool, Sail Racing International, Decathlon S.A., SLAM, Burke Marine, Magic Marine, and Zhik Australia. Manufacturers of sailing jackets emphasize on environment-friendly products due to the rising consumer awareness. Over the past few years, Perfluorocarbons (PFC) free products have been gaining significant popularity among consumers. Leading companies have been strengthening their market position by engaging in strategic M&A activities. In May 2018, Canadian Tire Corporation, Limited acquired Helly Hansen to strengthen its position in the sportswear industry.
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Further key findings from the report suggest:
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North America held the largest market share of more than 40% in 2018. Increased spending on recreational activities by millennials in the U.S. is expected to drive the growth
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Asia Pacific sailing jackets market is projected to expand at the fastest CAGR of 8.9% from 2019 to 2025
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Men segment held the largest market share of around 60% in 2018
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An online distribution channel is expected to expand at the fastest CAGR of 8.6% from 2019 to 2025
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Grand View Research has segmented the sailing jackets market on the basis of application, distribution channel, and region:
Sailing Jackets Application Outlook (Revenue, USD Million, 2015 – 2025)
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Men
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Women
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Kids
Sailing Jackets Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
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Offline
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Online
Sailing Jackets Region Outlook (Revenue, USD Million, 2015 – 2025)
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North America
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Europe
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Asia Pacific
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Central & South America
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Middle East & Africa
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