Market Insights Consumer Apparel Women's Apparel

Coats & Jackets - Northern Europe

Northern Europe

In 2024, the revenue generated in the Coats & Jackets market in Northern Europe amounts to US$1.77bn.
It is projected that this market will experience an annual growth rate of 3.48% (CAGR 2024-2029).
When compared to other countries globally, it is noteworthy that in China generates the highest revenue in this segment, with US$7,451m expected in 2024.
Taking into account the total population figures, it can be observed that in 2024, per person revenues of US$52.25 are generated in Northern Europe.
Looking ahead to 2029, it is predicted that the volume in the Coats & Jackets market will reach 21.0m pieces units.
Additionally, a volume growth of 3.0% is expected in 2025.
Considering the average volume per person in the Coats & Jackets market, it is anticipated to amount to 0.5pieces units in 2024.
In Northern Europe, the demand for sustainable and eco-friendly coats & jackets is on the rise, driven by the region's strong emphasis on environmental consciousness.

Key regions: Philippines, India, Europe, China, United States

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.