Research Nester has released a report titled “Solar Charged Jacket Market – Global Demand Analysis & Opportunity Outlook 2028”which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, market attractiveness, year-on-year (Y-O-Y) growth comparisons, market share comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
The Association For International Sport for All (TAFISA) has set the TAFISA Mission 2030 which aims to establish action and growth of the Sport for All along with physical activity Movement for the creation of a better world between now and 2030.
Sports activities are widely accepted around the world owing to the health benefits, such as improved cardiovascular health, lower risk of heart diseases, weight management, relieve from stress, and several others associated with playing sports. Growing acceptance for sports activities is driving the demand for sports apparels which not only meets the purpose of playing sports but also meet the latest trends of fashion.
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Moreover, with the high adoption rate of adventure tourism worldwide, the fear of loss of lives derived due to the indulgence of individuals in high risk involving adventure activities, for instance, mountaineering, camping, trekking, rock climbing, mountain biking and others is also growing at a massive pace. As such, demand for apparels that help identify individuals during search and rescue operations is rising exponentially.
Solar charged jacket is a type of phosphorescent compound engineered jacket that glows in the dark by storing light energy emitted during the broad day light or any electronic light emitting source. The lightweight jacket is known to provide maximum comfort and can be packed into a small size. Numerous benefits provided by the jacket that can be used by athletes and adventurers along with other end consumers along with the increasing merchandising trade in clothing commodity around the globe are some of the factors driving the growth of the global solar charged jacket market.
The global solar charged jacket market is anticipated to record a robust CAGR during the forecast period, i.e. 2020-2028. The market is segmented by end user into adventurer, athletes, rescue operations personnel, forest officials, entertainers and others. Among these segments, athletes segment is anticipated to hold the largest market share on account of strict regulations and standards defined for dressing of athletes allowing them to raise their consciousness while choosing the appropriate apparel. Moreover, demand for clothes that provide them comfort and can withstand wear and tear along with the factors such as breathability, durability, elasticity and waterproofing capability of the fabric, which plays an important role in the decision making of the athlete are some of the factors that are anticipated to drive the growth of the segment in the global solar charged jacket market.
Geographically, the global solar charged jacket market is segmented by five major regions into North America, Europe, Middle East & Africa, Asia-Pacific and Latin America region, out of which, Europe is anticipated to hold the largest market share on account of increasing imports for clothing in the region, along with popularity for sports such as soccer, tennis, basketball and others in the region and thereby the demand for sports apparels meeting both the purpose of playing sports and latest trends of fashion. In the statistics by the World Trade Organization, imports for clothing in the European Union constituted to a value of USD 198,142.3 Million in the year 2017, which made it the largest importer of clothing goods around the world.
However, concerns for hampering of sales impacted due to high end product price of the jacket is estimated to act as a barrier to the growth of the global solar charged jacket market.
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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. The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Solar Charged Jacket Market – Global Demand Analysis & Opportunity Outlook 2028”, analyses the overall solar charged jacket industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global solar charged jacket market in the near future.
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