Zipper Market - Outlook and Forecast Market Scope
A zipper, zip, fly, or zip fastener, formerly known as a clasp locker, is a commonly used device for binding together two edges of fabric or other flexible material. A zipper which is also referred to as a zip is a fastening device. It is commonly used for binding the edges of the opening of fabrics or other flexible materials, including clothing (jackets, jeans, etc.), luggage & bags, camping gear (tents, sleeping bags, etc.), sporting goods, and so forth. The growing fashion industry is driver of the market growth.
|Unit||Value (USD Million)|
|Key Companies Profiled||YKK Corporation (Japan), Riri SA (Switzerland), YBS Zipper Group (South Korea), Kao Shing Zipper Co. Ltd. (Taiwan), Ideal Fastener Corporation (United States), Coats Opti (Germany), Salmi Oy (Finland), Max Zipper Co. LTD (Taiwan), Triple Power (Fujian) and Zipper Co. Ltd. (China)|
The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that Asia Pacific Players will contribute to the maximum growth of Global Zipper Market - Outlook and Forecast market throughout the predicted period.
YKK Corporation (Japan), Riri SA (Switzerland), YBS Zipper Group (South Korea), Kao Shing Zipper Co. Ltd. (Taiwan), Ideal Fastener Corporation (United States), Coats Opti (Germany), Salmi Oy (Finland), Max Zipper Co. LTD (Taiwan), Triple Power (Fujian) and Zipper Co. Ltd. (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are HHH Zipper (South Korea), Keen Ching Industrial Co. Ltd. (Taiwan), Sancris Linhas e Fios Ltd. (Brazil), Valiant Industrial Co. Limited (Taiwan), UCAN Zipper USA (United States), Fujian SBS Zipper Science & Technology Co. Ltd. (China), Jinjiang Fuxing Zipper Co. LTD (China), YCC Zippers (China), WeiXing Co. Ltd (China), Wenzhou Great Wall Zipper Group Co. Ltd (China) and Kreband (Spain).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Zipper Market - Outlook and Forecast market by Type , by Application (Garment, Luggage & Bags, Sporting Goods, Camping gear and Others) and Region with country level break-up.
On the basis of geography, the market of Zipper Market - Outlook and Forecast has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIn December 2021, Riri Group acquired metal apparel manufacturer DMC. DMC specializes in metal components for luxury apparel and leatherwear. Through this acquisition, Riri Group enhanced its portfolio by including the addition of zips, buttons, metal hardware, and fashion jewels.
In February 2019, KB Zippers presented the SS20 collection of zippers and sliders. The collection consists of different types of zippers, from elastic to reflective and waterproof. This expanded company’s product portfolio offerings.
Influencing Trend:Increasing use of Decorative and visual components. and Rising demand for eco-friendly products
Market Growth Drivers:Growing fashion industry that incorporates zippers and Increasing utilization of zippers in tourist baggage
Challenges:Challenges associated with zippers such as weather sensitivity
Restraints:Presence of zipper substitutes
Opportunities:Rising Development of new materials for zippers such as chemical resistance and Increasing demand for products containing zippers
Key Target AudienceRaw material suppliers, Zipper manufacturers, Retailers and wholesalers, E-commerce companies, Traders, importers, and exporters, Government Agencies, End User Industry and Others