The global womenswear market is prognosticated to get shot in the arm as fashion becomes a larger part of people’s lives. The reason for this is that it is not just women showing interest in fashion but also men as new products continue to fill shelves. Promotion and marketing of women’s wear have also played a critical role in increasing the demand in the global market. This could be supported by rapid urbanization and industrialization witnessed in leading regions of the global womenswear market. Rise of online retail and e-shopping could act as another factor propelling the growth of the global womenswear market.
Latest fashion trends becoming popular on social media are envisioned to provide a fillip to the growth of the global women’s wear market. Increasing consumer confidence could help the global women’s wear market to gain impetus in terms of sales growth. Improving disposable income, especially in APEJ, is expected to push the demand for women’s wear. Growth in the number of working women around the world could also increase the demand in the global women’s wear market.
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Fact.MR projects the global women’s wear market to reach an US$829.6 bn valuation by the end of 2024. Among various categories of women’s wear, ethnic wear is poised to be valued at a US$64.1 bn by the same year. This segment could also post a higher CAGR among other women’s wear categories during the forecast period 2017-2022.
Increase in Number of Working Women to Create Rewarding Market Opportunities
The expansion of the global womenswear market could be a result of the rise in promotional and marketing activities across the world. Different mediums of mass communication are making telling contributions to promote women’s wear. This is projected to augur well for the global women’s wear market.
On the other hand, aggressively increasing urbanization and industrialization could emerge as a powerful factor augmenting the demand in the global women’s wear market. Manufacturers of women’s wear are predicted to largely benefit from the increase in the size of the working women population as it could enable them to cater to a wider consumer base.
Following Questions Answers Covered in the Report are:
- How will the global Womenswear Market perform during the forecast period? What will be the market size in terms of value and volume?
- Which segment will drive the global Womenswear Market? Which regional market will show extensive growth in the future? What are the reasons?
- How will the market dynamics change because of the impact of future market opportunities, restraints, and drivers?
- What are the key strategies adopted by players to sustain themselves in the global Womenswear Market?
- How will these strategies influence the market growth and competition?
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa , Rest of MEA)
The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Competitive Landscape
The global women’s wear market marks the presence of leading brands such as Benetton Group, The TJX Companies, Inc., Marks & Spencer Group plc, Hennes & Mauritz AB, and Gap Inc. Players are envisioned to adopt a variety of business tactics to expand their share of the global women’s wear market.
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