Womenswear Market: Increase in Number of Working Women to Create Rewarding Opportunities

Posted on 2019-05-31 by Mark Hub in Internet & Online // 0 Comments

Rockville, USA, 2019-May-31 — /EPR Network/ — The report is compiled with the use of modern research techniques and various data sources in order to provide a complete study of the global women’s wear market. It sheds light on how the global women’s wear market could shape in the foreseeable future. Different segments of the global women’s wear market are broadly studied in the report with a view to explore and point out key growth opportunities for manufacturers. Even the competitive landscape is comprehensively analyzed in the report as the authors profile important companies operating in the global women’s wear market.

The women’s wear 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 women’s wear market. Rise of online retail and e-shopping could act as another factor propelling the growth of the global women’s wear market.

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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.

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 2022. 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 217-2022. By revenue, it secures close to a tenth of the total share of the global women’s wear market. Moreover, this share of the global women’s wear market could increase in the near future. Women’s wear can be classified into other categories such as footwear, accessories, trousers/skirts, sportswear, tops/shirts/T-shirts, sleepwear, winter wear, and innerwear.

On the basis of demographics, the global women’s wear market is segregated into 66+, 56-65, 46-55, 36-45, 26-35, and 18-25. By the end of the forecast period, a US$31.0 bn valuation could be obtained by the 18-25 women’s wear market. This segment is foretold to post a 5.4% CAGR during the said forecast period. By the final forecast year, it could gain a significant share of the global women’s wear market. Currently, it nearly collects a third of the total revenue share of the global women’s wear market.

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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.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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