According to IMARC Group’s latest report, titled “Women Apparel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,”. Looking forward, IMARC Group expects the market to reach US$ 1,207.4 Billion by 2028, exhibiting a growth rate (CAGR) of 3.5% during 2023-2028.
Women apparel represent a broad category of products, including formal wear and casual as well as ethnic clothing. They are generally produced by using comfortable fabrics that are worn by women of all ages. In line with this, the product offering is based on various seasons and cultural backgrounds that differ on the basis of the sizes, colors, patterns and prints, fabric materials, type of apparel, etc.
Presently, key market players are introducing garments with enhanced aesthetic, comfort, and protection functionalities. As such, they are commonly available across supermarkets and hypermarkets, multi-brand retail outlets, online stores, exclusive stores, etc.
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Market Trends and Drivers:
The inflating popularity of e-commerce platforms that provide faster delivery, discount coupons, easy accessibility and convenience, and payment methods, return policies to consumers, etc., is primarily driving the women apparel market.
Leading manufacturers are focusing on the introduction of new styles and designs in formal wear, owing to the expanding female workforce participation, which is further catalyzing the market growth. Besides this, they are also developing trendy clothes with numerous patterns, styles, fabrics, colors, and designs to keep consumers updated with the latest fashion trends.
The increasing concept of visual merchandising and the growing number of fashion rental services are acting as significant growth-inducing factors. Apart from this, the widespread adoption of innovative strategies, such as 3D knitting machines and mass customization and personalization, to reduce production costs and improve quality is positively influencing the global market. Furthermore, continuous improvements in the textile industry are anticipated to fuel the women apparel market over the forecasted period.
Women Apparel Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the women apparel market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Adidas AG
- Burberry Group Plc
- Dolce & Gabbana
- Giorgio Armani S.p.A.
- Industria de Diseño Textil S.A.
- L Brands Inc.
- PVH Corp.
- Prada S.p.A.
- Uniqlo Co. Ltd. (Fast Retailing Co. Ltd.)
Key Market Segmentation:
The report has segmented the global women apparel market based on product type, season, distribution channel and region.
Breakup by Product Type:
- Tops and Dresses
- Bottom Wear
- Innerwear and Sleepwear
- Coats, Jackets and Suits
- Ethnic Wear
Maket by Season:
- Summer Wear
- Winter Wear
- All Season Wear
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Exclusive Stores
- Multi-Brand Retail Outlets
- Online Stores
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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