Womenswear Fashion Market Strikes Surging CAGR Growth during Assessment Period

From: Fact Market Research
Published: Tue Jul 09 2019


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 Womenswear 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 global womenswear 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 womenswear market. Rise of online retail and e-shopping could act as another factor propelling the growth of the global womenswear market.

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Women’s wear, basically any type of wear, expresses the personality of the wearer. Women’s wear is in high demand these days. Womenswear ranges from footwear to innerwear to ethnic wear. There are various factors that revolve around the global womenswear market and could push its growth in the near future.

The global womenswear market is anticipated to gain momentum in its growth as fashion continues to evolve in the coming years. One of the most significant aspects of women’s wear is undoubtedly fashion. Today, women’s wear has become a fashion statement. Thus, with increasing interest in fashion, the global women’s wear market is expected to achieve strong success, at least until the end of 2022. Asia Pacific and other emerging regions witnessing an increase in disposable income of consumers could set the tone for valuable growth in the global women’s wear market.

Rising confidence of consumers is prophesied to work in the favor of the global women’s wear market. Increase in e-commerce shopping has already given a whole lot of advantage to manufacturers operating in the global women’s wear market, needless to mention the role of social media in the marketing of products. Rising aspirations of working women could also place manufacturers in a position of strength in the global women’s wear market.

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.

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.

The authors of the report answer key questions raised by readers. For instance:

Which demographic will collect a king’s share of the global women’s wear market?

Will the ethnic type of women’s wear draw more demand in future?

How will the APEJ market for women’s wear take the lead in terms of revenue?

How will be the global women’s wear market bifurcated on the basis of price?

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.

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