Zippers: A Global Strategic Business Report
San Jose, California (PRWEB) November 15, 2013
Follow us on LinkedIn – Although not big-ticket products, zippers are nevertheless indispensable in the textile, apparel, fashion, footwear, and travel gear industries. Virtually every piece of garment has zip fasteners to secure them in place. From pants, jackets, boots, tents, backpacks, luggage, to purses, handbags, wallets, and pencil cases, zippers are ubiquitously used, making it an indispensable part of everyday modern life. Recovering demand in the apparel, luggage and footwear industries as a result of growing GDP, changing lifestyles, heightened fashion consciousness, rising standards of living, and increasing disposable income, is helping drive demand in the market.
Demand for zip fasteners closely follows the health of the apparel industry. Depressed demand for apparel as a result of the global economic recession of 2007-2009 cast a dampener on demand. Waning consumer confidence, cutbacks on discretionary spends, and weak global trade patterns impacted production and sales of apparel thus resulting in reduced demand for zip fasteners. The market however rebounded in the year 2010, driven by the ‘essential’ nature of the product and its indispensable use in the clothing industry.
Continued innovation in terms of both aesthetics and functionality also represents a key growth driver. Air tight, waterproof and flame-resistant zippers are opening up newer avenues for growth. The airtight zippers are extremely useful in the design and production of completely airtight suits for astronauts and aircrew. Similarly, waterproof zipper are analogous to airtight zippers and are used in waterproof products such as immersion suits that keeps divers and scuba divers dry and warm in cold waters. Manufacturers are also customizing products based on specific requirements of clients by offering zippers, zipper pullers, sliders and tapes in various colors and finishes in order to suitably match the end-product.
A key technology advancement offering significant growth opportunity is the replacement of metallic zippers with plastic zippers that require lesser maintenance. Despite metal zippers being firm and strong, they are susceptible to corrosion of oxides and chemicals. Apart from corrosion, metal zippers are heavy and add to the overall weight of the garment, luggage or accessory.
As stated by the new market research report on Zippers, Asia-Pacific represents the largest as well as the fastest growing market worldwide with a CAGR of 9.6% over the analysis period. Growth in the region is led by strong GDP gains, rising standards of living, increasing disposable income, and robust demand for textile products from countries like China and India.
Key players covered in the report include CMZ Zipper (WUXI) Co. Ltd., Coats Plc., Fujian SBS Zipper Science & Technology Co. Ltd., Hang Sang Zipper Co. Ltd., IDEAL Fastener Corporation, Jinjiang Fuxing Zipper Co. Ltd., KCC Zipper Group, Max Zipper Co. Ltd., Olympic Zippers Ltd., Sea-Cheng Enterprise Co. Ltd., Shenzhen Baoshun Zipper Co. Ltd., Shun Tat Zipper Factory Limited, Talon International Inc., Tex Corp Limited, YKK Group, YKK Fastening Products Group, Zhejiang Weixing Industrial Development Co. Ltd., 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 the market, industry overview, trends, growth drivers, latest product launches and recent industry activity. The report provides market estimates and projections in US dollars by major geographic markets including the US, 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.
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