The global women's apparel market to grow at a CAGR of around 3% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global women's apparel market for 2016-2020. To calculate the market size, the report considers the revenue generated from retail sales of women's apparel products to individual customers in the global market. The report also includes a discussion of the key vendors operating in this market.
Women's apparel is the largest segment of the global womenswear market. More than three-fourths of the global womenswear market's revenue is contributed by the women's apparel segment. The basic need for clothing, along with fashion consciousness and changing lifestyles, is considered to be the major factor driving the market's growth. For instance, the increased preference for leading an active lifestyle helped the sportswear and active wear segments of women's apparel to grow at an AAGR of more than 8% during 2010-2015.
According to the report, increase in number of working women will be a key driver for market growth. The working population segment is one of the major revenue contributors to the global apparel market. A significant share of the total revenue generated in the global women's apparel market is contributed by working women. Women aged 15-64 years are considered to be in the female labor force category. Globally, 55.28% of the total female population aged 15-64 years comprised the female labor force in 2014. The female labor force declined during the global recession of 2008-2009, when many women lost their jobs. However, the penetration has been increasing post-recession, owing to the global economic improvement.
Further, the report states that competition from other consumer goods will be a challenge for the market. The prevailing economic conditions influence consumers' ability and willingness to spend money and to add to their wardrobe collections. Economic instability and uncertainty compel consumers to restrict their buying to daily needs and to avoid purchasing non-essential goods. Such factors also urge them to seek items available at a discounted price rather than at full price. In addition, apparel marketers extensively compete against marketers of other consumer goods for consumers' disposable income.
- L Brands
- L Brands
Other prominent vendors
- Michael Kors
- Ralph Lauren
Key Topics Covered:
Part 01: Executive summary
Part 02: Global apparel industry summary
Part 03: Scope of the report
Part 04: Market research methodology
Part 05: Introduction
Part 06: Market landscape
Part 07: Market segmentation by product category
Part 08: Retail format segmentation
Part 09: Geographical segmentation
Part 10: Key leading countries
Part 11: Market drivers
Part 12: Impact of drivers
Part 13: Market challenges
Part 14: Impact of drivers and challenges
Part 15: Market trends
Part 16: Vendor landscape
For more information about this report visit http://www.researchandmarkets.com/research/hgvs37/global_women
Related Topics: Womenswear
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SOURCE Research and Markets