Childrenswear Market will Account for Around US $113 bn Revenues by 2022-End

Rockville Pike, United States, 2019-Oct-17 — /EPR Network/ —

Childrenswear for Boys to Gain Substantial Demand, Adult Clothing to Influence Global Market, says Fact.MR

The global childrenswear market is foreseen to show dynamic growth as it grows at a faster rate in the apparel and footwear industry.

The global childrenswear market is foretold to gain momentum in growth due to the rising demand for high-quality products amid increasing safety concerns. With increase in disposable income, especially in developing economies, the growth of the global childrenswear market could see a rise in the coming years. Increasing interest in buying new clothes for kids could bode well for the global childrenswear market. Social media is expected to significantly push the global childrenswear market in terms of demand. Catchy advertisements could increase the interest of consumers in buying new lines of childrenswear products.

The global childrenswear market is expected to carry the influence of the adult wear market where some product lines could feature certain designs used for adult clothing. High birth rate in some economies could augment the demand in the global childrenswear market. The demand for childrenswear could be higher during festive and wedding seasons. High interest in buying new clothes during these seasons is expected to further push the global childrenswear market.

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Fact.MR projects the global childrenswear market to attain a valuation of more than US$200 bn by the end of 2022 as it rises at a moderate CAGR. By category, the boys children wear market could take the lead as it values at a US$78.9 bn by the same year. It is projected to post a robust CAGR during the course of the forecast period 2017-2022. It could continue to gain market share by the final forecast year. This segment currently accounts for a third of the global childrenswear market in terms of revenue. The other two segments of the global childrenswear market by category are girls and unisex. In the Fact.MR report, the segments are studied on the basis of market share, revenue, and Y-o-Y growth.

By demographics, the global childrenswear market is classified into 2-14 years, 6-24 months, and less than 6 months. Amongst these, the less than 6 months market for childrenswear is foretold to rank higher with regard to revenue. By the end of 2022, it could be valued at a US$113 bn. Furthermore, it is forecast to post a 4.7% CAGR. According to the Fact.MR report, it is expected to continue to gain market share until the end of the forecast period. At present, it accounts for close to half of the global childrenswear market.

On the basis of price, the global childrenswear market is segregated into super-premium, premium, mid, and economy. By sales channel, the global childrenswear market is divided into online, specialty stores, franchise stores, and modern trade.

Regionally, the global childrenswear market is envisaged to find APEJ taking the driver’s seat in terms of revenue growth. This could be on account of the rapid growing population in the region. Although APEJ may rise at a moderate CAGR, it could be one of the most attractive regions of the global childrenswear market. APEJ is envisioned to continue taking command of the global childrenswear market in terms of value.

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Companies operating in the global childrenswear market are prognosticated to enlarge their presence using effective strategies such as merger and acquisition, collaboration, agreement, and new product launch. Innovation could be largely focused upon as companies looking to gain a competitive edge over their toughest opponents in the global childrenswear market. Extension of product portfolio could be another strategy adopted in the global childrenswear market in order to gain traction and secure a position of strength. With a view to attract more number of consumers, companies may invest in marketing and promotional activities with the involvement of celebrities.