Global Artificial Fur Market, By Material Type (100% Acrylic, 100% Polyester, Acrylic and Acrylic Blends, Polyester and Polyester Blends), Application (Apparel, Upholstery and Home Textiles and Other Accessories), Style (Solid Pattern and Animal Pattern), Size (Short, Medium and Long), End-User (Men, Women and Kids), Sales Channel (Online and Offline), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Artificial Fur Market
Data Bridge Market Research analyses that the global artificial fur market will project a CAGR of 18.55% for the forecast period of 2022-2029. Growth in the demand for artificial fur made up natural fibres, growth and expansion of apparel industry, ever-rising demand for branded cloths coupled with increasing personal disposable income are the major factors attributable to the growth of artificial fur market.
From the name itself, it is clear that artificial fur is the fashion fabric that is manufactured using fake fur. Also known as faux fur, artificial fur is made from acrylic polymer or synthetic fibre. Polymer technology is used to manufacture artificial fur that makes it look like natural and real fur.
Increased introduction of modern artificial fur products such as fashion apparel and home decorative items and changing lifestyles of humans especially in the developing economies are the major factors fostering growth of the market. Rising regarding changing fashion trends via various social networking platforms and growing brand awareness will further create lucrative growth opportunities for the market. Growing number of celebrity endorsements, rising penetration of e-commerce platforms, growing awareness about animal poaching and cruelty and growing focus of the major manufacturers on technological advancements are other important factors bolstering the market growth rate.
However, intense pricing pressure over the manufacturers and fluctuations in the prices of raw materials will pose a major challenge to the growth of market. Availability of counterfeit products made of cheap raw materials will further derail the market growth rate. Lack of strong distribution network in the backward areas will further restrict the scope of growth.
This artificial fur market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on artificial fur market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Artificial Fur Market Scope and Market Size
The artificial fur market is segmented on the basis of material type, style, size, end-user, sales channel and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of material type, artificial fur market is segmented into 100% acrylic, 100% polyester, acrylic and acrylic blends and polyester and polyester blends.
- Artificial fur market is segmented in terms of market value, volume, market opportunities and niches into multiple applications. The application segment for artificial fur market includes apparel, upholstery and home textiles and other accessories. Apparel has been further segmented into coats, jackets, blazers, and dresses. Upholstery and home textile has been further segmented into blanket and throws, sofa covers, door mats and carpet rugs, and pillow. Other accessories have been further segmented into bags, socks, boots, caps, mobile covers.
- Based on style, artificial fur market is segmented into solid pattern and animal pattern.
- On the basis of size, artificial fur market is segmented into short, medium and long.
- Based on end-user, artificial fur market is segmented into men, women and kids.
- Based on sales channel, artificial fur market is segmented into online and offline. Online has been segmented into e-tailer websites and company websites. Offline has been segmented into retail stores, specialty stores and standalone stores.
Artificial Fur Market Country Level Analysis
The artificial fur market is segmented on the basis of material type, style, size, end-user, sales channel and application.
The countries covered in the artificial fur market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America is dominating the global artificial fur market. The region will continue to witness a rise in the market growth rate during the forecast period owing to the increasing expenditure for research and development proficiencies and presence of a large fashion industry in the region. Asia-Pacific will continue to undergo substantial gains during the forecast period owing to the surging number of manufacturers, high demand from the emerging economies such as China, Japan and India, growing fashion industry, rapid urbanization and increasing personal disposable income.
The country section of the artificial fur market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Artificial Fur Market Share Analysis
The artificial fur market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to artificial fur market.
Some of the major players covered in the artificial fur market are DealTask, PELTEX FIBRES SARL, Sommers Plastic Products, TEXFACTOR TEXTILES, boohoo, Marks and Spencer plc, Dry Lake, River Island, macys, H & M Hennes & Mauritz AB, URBN US Retail, LLC., Shrimps, Wayfair LLC, Etsy, Inc., John Lewis plc, DONNA SALYERS' FABULOUS-FURS, Monki, F21 IPCo, LLC., Next Retail Ltd. and AONO PILE CO., LTD among others. Mark
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