The global women apparel market exhibited moderate growth during 2015-2020.
Women’s apparel is a broad category of products, including formal wear to casual and ethnic clothing. In recent years, the inflating disposable incomes, along with the rising influence of social media, celebrity endorsements and fashion magazines, have escalated the demand for luxury and premium apparel across the globe. As a result, leading brands are providing exclusive high fashion clothing items in different sizes and price segments for fashion-conscious individuals. The industry is also witnessing a shift in consumer preferences toward environment-friendly apparel on account of changing lifestyles and the growing trend of sustainable fashion. Global Women Apparel Market Trends and Drivers:
The rising influence of e-commerce platforms is one of the key factors driving the global women’s apparel market. As online retail stores offer convenience, faster delivery, discount coupons and easy accessibility, payments and return policies to consumers, they are rapidly gaining traction among customers. Additionally, owing to the increasing female workforce participation, leading manufacturers are focusing on the introduction of new designs and styles in formal wear. They are also introducing trendy clothes with different fabrics, patterns, styles, colors and designs to keep consumers updated with the latest fashion trends.
The growing concept of visual merchandising and fashion rental services is also increasing the sales of branded apparels. Apart from this, the adoption of innovative strategies, such as mass customization and personalization, and 3D knitting machines, to reduce production costs and improve quality, are anticipated to bolster the market growth in the upcoming years. However, the industry growth is being highly influenced due to the coronavirus disease (COVID-19) pandemic, which has led to disruptions in the supply chain and temporary closure of retail facilities. Looking forward, the analyst expects the global women apparel market to grow at a CAGR of 4.2% during 2021-2026.
Key Market Segmentation: the analyst provides an analysis of the key trends in each sub-segment of the global women apparel market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type, season and distribution channel.
Breakup by Product Type: Tops and Dresses Bottom Wear Innerwear and Sleepwear Coats, Jackets and Suits Ethnic Wear Others
Breakup by Season: Summer Wear Winter Wear All Season Wear
Breakup by Distribution Channel: Supermarkets and Hypermarkets Exclusive Stores Multi-Brand Retail Outlets Online Stores Others
Breakup by Region: North America United States Canada Asia Pacific China Japan India South Korea Australia Indonesia Others Europe Germany France United Kingdom Italy Spain Russia Others Latin America Brazil Mexico Others Middle East and Africa
Competitive Landscape: The report has also analysed the competitive landscape of the market with some of the key players being Adidas AG, Burberry Group Plc, Dolce & Gabbana, Forever21, Giorgio Armani S.p.A., Industria de Diseño Textil S.A., Kering, L Brands Inc., LVMH, PVH Corp., Prada S.p.A. and Uniqlo Co. Ltd. (Fast Retailing Co. Ltd.).
Key Questions Answered in This Report: How has the global women apparel market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global women apparel market? What are the key regional markets? What is the breakup of the market based on the product type? What is the breakup of the market based on the season? What is the breakup of the market based on the distribution channel? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global women apparel market and who are the key players? What is the degree of competition in the industry?
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