Research Nester has released a report titled “Solar Charged Jacket Market – Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global solar charged jacket market in terms of market segmentation by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global solar charged jacket market is segmented by end user into adventurer, athletes, rescue operations personnel, forest officials, entertainers and others, out of which, athletes segment is anticipated to hold the largest market share owing to high consciousness amongst athletes for appropriate outfits used in sports. In various games held across the globe, strict regulations and standards are defined for dressing of athletes. As a result, athletes prefer products that can provide them comfort and can also withstand wear and tear.
The global solar charged jacket market is anticipated to record a robust CAGR during the forecast period, i.e. 2020-2028. Growing need for light-weight jackets along with the increasing merchandise trade for clothing commodity around the globe are some of the factors anticipated to bolster the growth of the global solar charged jacket market throughout the forecast period. In the statistics by the World Trade Organization (WTO), exports of clothing commodity around the world peaked to USD 494076 Million from USD 354819 Million in-between 2010-2018.
Regionally, the global solar charged jacket market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Europe is anticipated to hold the largest market share owing to the region being popular for several sports such as soccer, tennis, basketball and others, along with the rising demand for sports apparels and increasing import of clothing in the region. In other statistics by the WTO, the largest importing nation for clothing in the world was from the European Union which had an import trade value of USD 198,142.3 Million in the year 2017.
Growing Trend For Adventure Activities and Rising Awareness for the Benefits of Sports
Increasing trend for several high-risk involving adventure activities such as mountaineering, camping, trekking, rock climbing, mountain biking and others amongst individual from around the globe is also raising the concern for incidents which might involve search and rescue operations. The benefit of wearing a solar charged jacket, which can store the energy from the light and glow in the dark owing to the presence of phosphorescent compound, can help the rescue operator during search and rescue operations which is anticipated to drive the growth of the market. Moreover, with the rising awareness for sports activities around the globe, athletes from across the globe are increasingly preferring for apparels that not only meet the purpose of enjoying sports, but also meets the latest fashion trends. Several benefits associated with the solar charged jackets thereby makes it a preferable product amongst sports persons which is anticipated to drive the growth of the global solar charger jackets market in the upcoming years.
However, concerns regarding high price of the product raises the fear for hampering of sales which is anticipated to limit the growth of the global solar charged jacket market.
This report currently states that there is only one key player by the brand name of Vollebak which is operating in the global solar charger jackets market, as it is a new product that has been launched containing unique features. The outlining enfolds key information of the company which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global solar charger jackets market that is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.