The Global Market for Zippers is Projected to Reach US$19.8 Billion by 2024
Established Applications in
Apparel, Footwear & Luggage Sustains the Global Market for Zippers,
According to a New Report by Global Industry Analysts, Inc.
GIA
launches comprehensive analysis of industry segments, trends, growth drivers,
market size, share and demand forecasts on the global Zippers market. The global market for Zippers
is projected to reach US$19.8 billion by 2024, driven by changing fashion trends and
growing demand from markets such as apparel, footwear and luggage.
Zippers
are mechanical devices or accessories that are used to temporarily join two
edges of a fabric. Zippers are mundane products yet indispensable in a range of
end-use products in textile, fashion, travel gear and other industries. Playing a dual role of
securing the garment or other products and as decorative accents, zippers are
ubiquitous in a range of products from pants, jackets, boots, tents, backpacks,
luggage, to purses, handbags, wallets, pencil cases and many other items.
Simple design advancements in zip fasteners have over the decades helped
revolutionize the art of garment designing, and have greatly impacted the
manner in which clothing is made to fit the human body. Changing trends in
fashion, constant demand for new designs, increasing westernization of fashion
in developing countries and strong growth in demand for various end-use
products are the major factors driving growth in the market. Growth in the
market also expected to emerge from evolving functional and decorative
requirements of zip fasteners in sync with people’s ever changing taste and
preferences in clothing styles and fashion accessories. Growing economies,
increasing incomes and improving living standards are resulting in heightened
fashion consciousness, which in turn are expected to drive demand for zippers.
While
the basic zipper technology or working has not undergone significant changes over
several decades, innovations continue to emerge with players constantly
focusing on improvements in functionality, novelty and fashion. Recent
innovations include newer technologies such as air tight, waterproof and flame-resistant zippers with a focus on enhancing
their utility for scuba divers, aircrew and astronauts. Growing emphasis on
using environmentally benign products led to the development of eco-friendly
zippers. At the technology level, launch of new products such as magnetic
zippers with extremely powerful magnet at both ends that allow one-handed
closure and opening are driving innovation in the sector in turn fueling demand
for zippers. While largely a volume business, growing emphasis on quality and expanding
business in the more profitable high-end business market is driving
manufacturers to focus on product customization to adhere to clients’ specific
requirements, which is favoring growth in growth in value terms.
As
stated by the new market research report on Zippers, Asia-Pacific represents
the largest market worldwide. Driven by factors such as low cost labor, the
region emerged as the major hub for manufacturing various products that use
zippers, including apparel, luggage, footwear and other fashion accessories. The
region also represents the fastest growing market worldwide, with a CAGR of 9.7%
through the analysis period. Increasing disposable income levels, changing
lifestyles, rising standards of living, and improving economic environment,
among other factors have elevated Asian countries as the fastest growing
markets for zippers.
Major
players in the market include CMZ Zipper (Wuxi) Co., Ltd., Coats Plc., EMR
Fermuar Tekstil ve Aksesuar, Fujian SBS Zipper Science & Technology Co.,
Ltd., DITTA Giovanni Lanfranchi S.p.A., Hang Sang Zipper Co. Ltd., IDEAL
Fastener Corporation, Jinjiang Fuxing Zipper Co. Ltd., KCC Zipper Group, Max
Zipper Co., Ltd., Olympic Zippers Ltd., Riri Group, Sea-Cheng Enterprise Co.,
Ltd., Talon International, Inc., Tex Corp Limited, YKK Corporation and ZIP
Industries Limited, among others.
The
research report titled “Zippers: A Global Strategic
Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market
trends, issues, drivers, mergers, acquisitions and other strategic industry
activities of global companies. The report provides market estimates and
projections for Zippers in value terms for all major geographic markets such as
United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia
and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific),
Latin America (Brazil and Rest of Latin America) and Rest of World.
For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com
Global
Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights
Reserved.
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