The global Women’s Apparel market is expected to reach US$ 829,628 Mn in 2022, growing at a modest CAGR over the forecast period. Clothing’s primary role has shifted from shielding the wearer from heat and cold, as well as pollution, to expressing one’s particular personality and making a fashion statement.
The same may be said for the Global Womens Apparel market. Women are becoming more aware of the latest fashion trends in the market as a result of increased exposure to various types of mass media such as the internet, television, and smart phones. As a result, they are progressively modifying their wardrobe to match the latest trends.
Womens Apparel Market: 4 Forecast Highlights
- The innerwear segment is expected to reach a value of US$ 10,256.2 Mn in 2022, according to Fact.MR. During the evaluation period of 2017-2022, this reflects a strong CAGR. By the end of 2017, the innerwear segment is predicted to account for more than a tenth of the revenue share of the category type segment, and it is expected to grow in market share by the end of 2022.
- According to Fact.MR, the demographic segment of 26-35 years would achieve a value of US$ 19,140 Mn in 2017. During the projection period, this indicates a consistent CAGR increase. The demographic category of 26-35 years old is expected to account for more than a quarter of the revenue share.
- According to Fact.MR’s the economics segment will be worth US$ 35,754.8 Mn in 2022. By the end of 2022, the economy section is likely to lose some market value. In the economy section, the APEJ area has the biggest contribution.
- From 2017 through 2022, Fact.MR predicts that the contemporary trade industry will grow at a CAGR of 4.9 percent. By the end of 2017, the modern trade segment is predicted to account for more than one-third of the revenue share of the sales channel segment, and by the end of 2022, it is likely to gain some market share.
Increase in Number of Working Women to Create Rewarding Market Opportunities
The rise in promotional and marketing efforts around the world may be contributing to the growth of the global womenswear market. Various forms of mass communication are making significant contributions to the promotion of Womens Apparel. The worldwide Womens Apparel market is expected to benefit from this.
On the other hand, rapidly expanding urbanisation and industrialisation may prove to be a major influence in boosting demand for Womens Apparel around the world. The growth in the number of working women is expected to benefit Womens Apparel manufacturers, as it will allow them to appeal to a larger customer base.