Fact.MR has recently added a new report to its vast online database. This research study is titled as “Women’s Wear Market Report” which presents an in-depth study about the production, consumption, market volume, revenue (million USD) and market share across different geographical regions.
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Women’s wear is undergoing a rapid change due to various societal influences. Clothing, besides its obvious function of protecting the body from heat and cold and pollutants is also increasingly being expressed as a fashion statement and a style statement. Fashion is one of the most important facets of women’s wear and the fashion keeps on changing. This gives an impetus to the women’s wear market and hence this market is expanding at a fast pace. Rising disposable incomes, especially in the developing regions of Asia Pacific are fuelling the market of women’s wear. In addition, the role of increasing promotional activities, through various mediums of mass communication are playing their part in expanding the global women’s wear market. Besides, increasing consumer confidence and the rise in the number of working women coupled with industrialization and rapid urbanization are also the contributing factors in the expansion of the women’s wear market. A special mention has to be made of the role of the social media in the propagation of latest fashion trends that are fuelling the market of women’s wear, rising aspirations of working women and the rise of online retail in the realm of women’s wear.
4 Forecast Highlights on Global Women's Wear Market
1) As per the forecast of Fact.MR, the innerwear segment is slated to touch a value of US$ 10,256.2 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The innerwear segment is estimated to account for more than one-tenth of the revenue share of the category type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.
2) As per the forecast of Fact.MR, the 26-35 years demographic segment will reach a value of US$ 19,140 Mn in the year 2017. This represents a steady CAGR growth during the forecast period. The 26-35 years demographic segment is estimated to account for more than one-fourth of the revenue share of the demographics segment in the year 2017 end and is expected to gain market share by the end of the year 2022.
3) As per the forecast of Fact.MR, the economy segment is slated to reach a value of US$ 35,754.8 Mn in 2022. The economy segment is expected to lose some market value by the end of the year 2022. The largest share is contributed by the APEJ region in the economy segment.
4) Fact.MR forecasts that the modern trade segment will exhibit a CAGR of 4.9% from 2017 to 2022. Modern trade segment is estimated to account for more than one-third of the revenue share of the sales channel segment by 2017 end and is expected to gain some market share by the end of the year 2022.
Ethnic Wear Segment Poised to Touch a Value of US$ 64,186.4 Mn in 2022
As per the forecast of Fact.MR, the ethnic wear segment is expected to reach a value of US$ 64,186.4 Mn in the year 2022. This represents a robust CAGR during the forecast period of 2017-2022. Ethnic wear segment is expected to account for nearly one-tenth of the revenue share of the category type segment by the year 2017 and is expected to gain market share by the end of the year 2022.
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18-25 Years Demographic Segment to exhibit a CAGR of 5.4% During the Assessment Period
As per the forecast of Fact.MR, the 18-25 years demographic segment is slated to touch a figure of US$ 31,030.1 Mn in the year 2022. This represents a CAGR of 5.4% during the assessment period from 2017 till the year 2022. This segment is expected to gain market share by the end of the year 2022. The 18-25 years demographic segment is expected to account for more than one-third of the revenue share of the demographics segment by the year 2017.
Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global women’s wear market through 2022, which include Gap Inc., H & M Hennes & Mauritz AB, Marks and Spencer Group plc, The TJX Companies, Inc., BENETTON GROUP, Hanes Australasia Limited, Etam Developpement, Esprit Holdings Limited, Eroglu Holding and Arcadia Group.
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