The global demand for Casual Wear Market is presumed to reach the market size of nearly USD XX MN by 2027 from USD XX MN in 2020 with a CAGR of XX% under the study period 2021 - 2027.
Casual wear is an informal attire that is relaxed, occasional, and best suited for everyday use. Often referred to as leisurewear, it is generally a western dress code. Casual wear for women includes soft sweaters, hoodies, joggers, cargo pants, and relaxed shirts that Add a touch of comfort to one's everyday wardrobe. Casual wear for men includes Jeans, a dress shirt, and a T-shirt or sleeveless shirt. Casual wear is generally a dress code used in organizations and institutions in which different forms of gender expressions are experimented with. The materials used for casual wear are denim, cotton, jersey, flannel, and fleece.
Rising per capita income and preference for branded products are a few driving factors that boost the market growth. Increasing fashion trends and the rapid proliferation of retail stores in the suburban sector will benefit market growth. Innovative advertising strategies will help the development of the market. Growth in the online, social media and e-commerce sectors will positively impact market growth. Casual wear being supported in multinationals and educational institutions will be a market booster. The rapidly rising percentage of working-class women in the urban community will further propel market growth. The inability to keep up with the rapidly growing demand will be the market's main challenge.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of casual wear. The growth and trends of casual wear industry provide a holistic approach to this study.
This section of the casual wear market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Specialty Stores
- Supermarket & Mall
This section covers the regional outlook, which accentuates current and future demand for the Casual Wear market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Casual Wear Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the casual wear market include H&M, ZARA, Uniqlo, Louis Vuitton, Hermes, Rolex, Coach, Tommy Hilfiger, GAP, Hanes, ESPRIT. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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