About Hoodies & Sweatshirts
The Hoodies and Sweatshirts majorly comes under the winter wear category. The only difference between the Hoodies and Sweatshirts is that, the sweatshirts are just pullovers containing long sleeves but hoodies can have front pouch, pocket or hoods in front. Due to up surging apparel as well as textile industry is leading to increase the Global Hoodies and Sweatshirts Market Growth. Number of manufacturers are trying to adopt product differentiation to gain competitive edge. The global market is primarily segmented according to the region type, and end user. Due to changing fashion and apparel trends as well as changing consumer preferences will lead to increase volatility in growth of global hoodies and sweatshirts market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.72% |
Robust number of hoodies and Sweatshirts Providers are available in the market which will lead to strong competitive rivalry amongst the players. Although, the global players like Chanel, Adidas, Nike and few other companies are having a strong uphold on the International as well as Local markets, but these global players are being restricted by the local players. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Hoodies & Sweatshirts market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Chanel (France), Dior (France), Prada S.p.A. (Italy), Adidas (Germany), Carhartt (United States), Champion (United States), Fox Head, Inc. (United States), Gildan Activewear (Canada), Hanes (United States), Hollister Co. (United States), Nike (United States) and Louis Vuitton (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Burberry (United Kingdom), Pierre Cardin (Turkey), Under Armour (United States), Inditex (Zara) (Spain), PUMA (Germany), Li-Ning (China), 361° (China) and Uniqlo (Japan).
Segmentation Overview
AMA Research has segmented the market of Global Hoodies & Sweatshirts market by Type (Cotton, Fleece, Leather and Wool), Application (Men's, Women's and Kid's) and Region.
On the basis of geography, the market of Hoodies & Sweatshirts has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Spain, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
Sleeveless Hoodies and Hoodies and Sweatshirts with Embroidered Signature Logos and Zip up Styles
Market Growth Drivers:
Increasing Awareness about Fashion and Apparel Industry and Increasing Disposable Incomes
Challenges:
Very Seldom Demand in Countries with Warmer Atmospheres and Seasonal Demand for Hoodies and Sweatshirts
Restraints:
Costly Raw Material and Threat of Substitutes
Opportunities:
Increasing Adoption in Sport’s Wear Industry and Growing Demand in Countries Far from Equator
Market Leaders and their expansionary development strategies
In September 2023, Supreme is launching a new collection in collaboration with the estate of the late MF DOOM. In a statement shared alongside a pair of @1engua-captured campaign images and a run of product shots, Supreme said it had “worked with the MF DOOM estate” on the Fall 2023 offering. Featured in the collection are hoodies, t-shirts, and beanies.
In April 2024, Online store a-ri.co, renowned for its wide range of home supplies, gadgets, and pet essentials, has expanded its product offerings with the introduction of a unique collection of Fashion Hoodies & Sweatshirts. The collection features distinctive and trendy designs appealing to both men and women, extending the brand's commitment to merging fashion with personality.
Key Target Audience
Hoodies & Sweatshirt Manufacturers, Hoodies & Sweatshirt Distributors and Traders, Textile Industry, Sports Industry, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.