The market for men's or boys' overcoats, raincoats, car coats, capes, cloaks, anoraks, wind-cheaters, wind-jackets, and similar articles of textile fabrics not knitted or crocheted in Belgium showed notable growth from 2013 to 2023, reaching a volume of 4.1161 million in 2023. The last two years saw modest year-on-year growth rates of 2.44% in 2022 and 2.36% in 2023, while the CAGR over the last five years decelerated to 1.58%, indicating a slowing growth trend as compared to earlier years.
Looking forward, trends to watch for include:
- Innovations in sustainable and eco-friendly textile materials.
- The influence of climate change on demand for more adaptable outerwear.
- Growth potential in digital retail channels as shopping behaviors evolve.
