Fact.MR has recently added a new report to its vast online database. This research study is titled as “Children 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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The children wear market is experiencing dynamic growth and has become one of the fastest growing segments of the apparel and footwear market. Even though the worldwide birth rates are declining, the market for children wear is expanding at a fast pace due to safety focussed consumers who focus on the quality of the clothes and prefer to buy new clothes for their children instead of using used or second hand clothes. This is especially true for developing regions and emerging economies of the world, where birth rates are still relatively high, and there has been a corresponding increase in the disposable income, due to which the parents are focussing on buying high quality clothing for their children. Due to the ever increasing influence of the social media, influence of celebrities and increasing popularity of other mass communication means such as the television, the children wear has transformed itself into trend driven products. Besides, the exposure levels amongst children has also risen dramatically in the recent times, and they want to style their clothes like adults and will settle for nothing less. In short, kids of today have become brand conscious and want their clothes to follow the latest trends.
4 Forecast Highlights on Global Children Wear Market
1) As per the forecast of Fact.MR, the girls children wear segment is slated to touch a value of US$ 70,220.6 Mn in the year 2022. This represents a moderate CAGR growth during the assessment period of 2017-2022. The girls segment is estimated to account for more than one-third 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 6 to 24 months children wear segment will reach a value of US$ 51,326.6 Mn in the year 2017. This represents a moderate CAGR growth during the forecast period. The 6 to 24 months children wear segment is estimated to account for nearly 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 children wear segment is slated to reach a value of US$ 86,217.4 Mn in 2022. The economy children wear 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 children wear segment will exhibit a CAGR of 4.9% from 2017 to 2022. Modern trade segment is estimated to account for nearly 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.
Boys Children Wear Segment Poised to Touch a Value of US$ 78,957.6 Mn in 2022
As per the forecast of Fact.MR, the boys children wear segment is expected to reach a value of US$ 78,957.6 Mn in the year 2022. This represents a robust CAGR during the forecast period of 2017-2022. Boys segment is expected to account for more than one-third 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.
‘Less Than 6 Months’ Children Wear Segment to exhibit a CAGR of 4.7% During the Assessment Period
As per the forecast of Fact.MR, the ‘less than 6 months’ children wear segment is slated to surpass US$ 113 Bn by 2022. This represents a CAGR of 4.7% 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 less than 6 months segment is expected to account for more than half of the revenue share of the demographics segment by the year 2017.
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Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global children wear market through 2022, which include Kimberly Clark Corporation, Avon Products Inc., Carter’s Inc., The Children's Place, Levi Strauss & Co, Kering S.A, Ralph Lauren Corporation, V.F. Corporation, Dolce & Gabbana Luxembourg S.à.r.l and Benetton Group SpA.
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