Market Overview
Zippers are an extremely important fastening element that is used for a diverse range of purposes. They are used in luggage, apparel, and footwear. These fastening components are available in a wide variety of shapes, sizes, and colors. Zippers have evolved a lot in the past few years, but their relevance has not been affected. In fact, their application has expanded. For instance, in the fashion or apparel scene, they are not just used in trousers or jeans, but they are also used as a stylish accessory in shirts as well as t-shirts.
The global zipper market has seen substantial growth in the recent past. This is because zippers give rise to several advantages. They are very convenient, easy to use, and efficient. Apart from these benefits, the functionality of zippers is high, which further accelerates their popularity. Some of the key application areas where one comes across zippers include bags, seat gears, shoes, and many more. The availability of zippers in different designs and styles further enhances its level of popularity.
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One of the main factors for the increase in the level of demand for zippers is the dynamic change in the fashion trend. The growth and expansion of the apparel industry have further boosted the performance of the zipper market at the global level. The report revolves around the zipper market and its overall growth during the forecasted period. The financial aspects, such as revenue has also been taken into consideration in the projection. The CAGR percentage is expected to be high at 7.64 %.
Key Players
The prominent players in the Global Zipper Market are YKK Corporation (Japan), Riri SA (Switzerland), YBS Zipper Group (South Korea), Kao Shing Zipper Co., Ltd. (Taiwan), Ideal Fastener Corporation (US), Coats Opti (Germany), Salmi Oy (Finland), Max Zipper Co., LTD (Taiwan), Triple Power (Fujian) Zipper Co., Ltd. (China), HHH Zipper (South Korea), Keen Ching Industrial Co., Ltd. (Taiwan), Sancris Linhas e Fios Ltd (Brazil), Valiant Industrial Co., Limited (Taiwan), UCAN Zipper USA (US), Fujian SBS Zipper Science & Technology Co. Ltd. (China), Jinjiang Fuxing zipper Co. LTD (China), YCC Zippers (China), WeiXing Co., Ltd (China) and Wenzhou Great Wall Zipper Group Co., Ltd (China).
Industry News
The key players that are functioning in the zipper market are focusing on latest designs so that quality can be integrated with beauty. Such an approach at the global market level has intensified the level of competition. But at the same time, it has also expanded the variety of zipper options that are available in the market for the market audience.
Regional Segmentation
Global Zipper Market has a presence in different geographical areas such as Europe, North America, the Middle East, and Africa, the Asia Pacific, and South America. At present, China is a major regional market that has been contributing substantially to the industry at a global level. During the forecasted period, it is expected that most of the regions, especially Europe, will perform very well. The high application of zippers in a wide range of areas could increase the overall demand if the market. For instance, currently, Germany is contributing to the zipper market due to its application in luxury bags.
Regional Classification
Global Zipper Market can be segmented based on product type, material type, application, and region. Based on the product type, the market can be further divided into closed-end and open-end. Based on material type, the further categories of the market are coil, metal, and molded plastic. Based on application, the sub-categories of the market include bags, apparel, shoes, and others. It is expected that during the projected period, the apparel segment will have the highest growth. The further growth of the apparel industry could also contribute to the expansion of the zipper market globally.
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