Heated Vests Market Dynamics, Key Developments, Production-Consumption and Forecast Period 2019-2027
A heated vest is a garment used to provide heat to a person’s core body during cold weather. Generally, the vest has two heated pads in front and one heated pad at the back. These heated pads are charged with the help of a battery. The heated vest is made for cold-weather sports and leisure activities such as hiking, diving, motorcycle riding, downhill skiing, snowmobiling, and winter biking.
Heated Vests Market – Competitive Landscape
Incorporated in 2015, Ravean has its headquarters in Provo, Utah, the U.S. The company manufactures, designs, and sells heat jackets, vests, pants, and gloves that give protection from the cold. The company offers these products with inbuilt temperature technology that can be adjusted as per the sensors. These sensors regulate the body temperature on the wearable, based on the external environment temperature.
Founded in 1994, Gears Canada is based in Mississauga, Canada. The company offers high quality products for snowmobile, skiing, and motorcycle riding, besides other outdoor products such as rainwear, comfort seats, luggage, covers, saddle bags, head wear, and heated clothes with its accessories including battery.
Incorporated in 1924, Milwaukee Tool is based in Brookfield, Wisconsin, the U.S. The company specializes in the manufacturing of power tools, batteries, chargers, cordless tools, hand tools, storage, and work gear that include heated vests, non-heated vests, and gloves. In 2018, the company introduced a new product line of heated gear including the M12 Heated AXIS jackets and vests. A new product function provides heat three times faster to the body.
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DeWalt was established in 1924 and is based in Towson, Maryland, the U.S. The company has more than 90 years experience in manufacturing and designing power equipment for woodworking and construction industries. DeWalt offers a wide range of power tools (drills, tool grinders, etc.), accessories (jig saw blades, anchors, etc.), hand tools (knives, blades, etc.), outdoor (lawn mowers, string trimmers, etc.), and gear and equipment (heated jackets, vests, etc.).
Founded in 1903, Harley-Davidson is based in Milwaukee, Wisconsin, the U.S. The company is divided into two segments: Harley-Davidson Financial Services (HDFS) and Harley-Davidson Motor Company (HDMC). HDMC designs, manufactures, and sells heavyweight custom and performance motorcycles and offers motorcycle service parts, riding and casual apparel, general merchandise, etc. The company has eight offices across the world.
Major companies operating in the global heated vests market include Columbia Sportswear, Robert Bosch Tool Corporation, Firstgear, Makita Corporation, H2C Brands LLC (brand Volt), Ororo Heated Apparel, TechNiche International (brand IonGear), Venture Heat, and Warm n Safe. The global heated vests market is fragmented. In order to survive in the highly competitive market, manufacturers have used countless strategies such as investing more in research and development, focusing on product line expansion, and signing agreements and partnerships, that help to improve flexibility, durability, and performance of products and services of the companies.
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Heated Vests Market – Dynamics
Cold-weather Sports Increases Demand
The heated vests market is anticipated to rise significantly during the forecast period due to change in people’s lifestyle. People indulge in cold-weather sports and activities such as ice-skating, ice-fishing, trekking, diving, freeze pond hockey, downhill skiing, winter biking, stargazing, and snowmobiling that force them to increase expenditure on heated vests, jackets, and gloves, as these products keep the body warm and help them deal with the cold temperature.