Zipper is a device used to open and close parts of clothes and bags. It is used as a fastening component to bind the edges of an opened material or other flexible material, such as a bag. It is widely used for fastening and securing trousers, besides luggage and bags. Zippers are by far the most popular and preferred fastener compared to hooks, buttons, and other fastener solutions.
The global zipper market is estimated to experience enormous growth. Robust industrialization has led industries to introduce new technologies. Extensive evolution in industries has propelled the growth of the apparel industry which is a major driving factor in the growth of the global zipper market. Moreover, rise in disposable income has fuelled the global zipper market. Further, consumers in developing economies are spending more money on branded and fashionable apparel which has also increased the demand for high end zippers. Growth in global business opportunities and in travel & tourism has led to higher usage and growth of the luggage industry, which ultimately drives the growth of the global zipper market.
In addition, zippers are used in sporting goods, footwear products, and camping gear such as tents and sleeping bags which is also a major driving factor. Major factors driving growth of the global zipper market includes developing economies, consumption of products which use zippers, and rise in number of manufacturing companies in Southeast Asia for apparel, textile, and fashion accessories. New innovations in the zipper market include flame-resistant zippers, chemical resistant zippers, soft zippers, and printed zippers which also help to boost the global zipper market. Preference for branded handbags, footwear, and luggage has increased the demand for premium zippers
One of the major reasons for the increasing market share of zippers is continuing trend of customized zippers. Manufacturers of zippers are emphasizing on customizing zippers to meet consumer needs. Demand for cost effective and quality zippers are increasing especially in the garment industry, thus offering new opportunities for the global zipper market. The dominance of low-cost Asian manufacturers from China has intensified the competitive environment in the international market.
The global zipper market is segmented in terms of type, end-use, and geography. In terms of type, the market is segmented into metal zipper, nylon zipper, and plastic zipper. Further, metal zipper, nylon zipper and plastic zipper are competing on luxury market which is the most essential segment of the zipper industry for design and innovation. Further, the global zipper market is bifurcated into apparel, sporting goods, luggage & bags, and camping gear based on end-use. Apparel industry is the largest end-use sector followed by luggage. In terms of geography, the zipper maker market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The global zipper market is highly fragmented with large number of local and regional players. Key leading manufacturers operating in the global zipper market are YBS Zipper Group, YKK Group, Riri, Kao Shing Zopper Co., Ltd., IDEAL Fastener Corporation, Salmi Oy, Max Zipper Co., LTD, KCC Zipper Co., Ltd,, SANCRIS Linhas e Fios Ltda., ZIP industries limited, Talon International Inc, and HHH Zipper. North America and Europe are at the forefront in terms of manufacturing high-end premium quality zippers. Key players in the global zipper market are competing in terms of cost, quality, and innovation. Manufacturers in the organized sector are majorly competing based on brand quality and manufacturers in unorganized sectors are competing in terms of cheaper cost.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.