Scope of the Study
The global western wear market is expected to witness high growth in the forecasted period due to increasing e-retailing, which has led to flow in demand for western wear clothing. Western-style clothes is refer to western formal suits. Western-style clothes in broad sense refer to western dress, including the whole western costume system. While the suit invented from Europe, it has become an internationally known formal garment, and it is a way of expressing politeness and regarding the occasion. Online platforms are chosen to purchase western wear, as they deliver attractive offers an enormous availability of apparel. Adding, rapid delivery service, as well as flexible return policies accessible by online sites, boost sales through this platform.
The market study is being classified by Type (Casual and Formal) and major geographies with country level break-up. According to AMA, the Global Western Wear market is expected to see growth rate of 4.6%
Benetton Group S.r.l. (Italy), Diesel S.p.A. (Italy), The Gap Inc. (United States), Aditya Birla Fashion and Retail Ltd. Bestseller (India), Forever21, Inc. (United States), Marks and Spencer plc. (United Kingdom), Hennes & Mauritz AB (Sweden), Inditex SA (Spain), Gianni Versace S.p.A. (Italy) and Chanel S.A. LVMH Moët Hennessy Louis Vuitton SE. (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hermès International S.A. (France), Perry Ellis International Inc. (United States), Burberry Group Plc. (United Kingdom) and Nautica Apparel, Inc. (United States).
Global western wear market is fragmented due to the presence of several players. With global players growing their existence their market presence, regional vendors are finding it gradually difficult to compete with them in terms of cost, quality and fashion trends. The competitive environment in this market is projected to intensify with an upsurge in a product as well as service extensions. Companies collaborate with packaging corporations to proposal innovative packaging for clothing such as a biodegradable barrier tray, which is projected to drive the market growth in the near future. Research Analyst at AMA predicts that Europian Vendors will contribute to the maximum growth of Global Western Wear market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Western Wear market by Type, Application and Region.
On the basis of geography, the market of Western Wear has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2018. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increase in Disposable Income of Consumers
- Enlarged Brand Awareness, And Larger Consumer Group
- Growth of the Population and E-Retail Industry
- The Surge in Fashion Consciousness among End Users Have a Positive Impact
- Vendors Offering Innovative Features on Discounted price
- High Cost of Branded Clothes
- Unavailability of Raw Materials
- The Growth of the Corporate Sector in Developing Economies
- Huge Opportunity in Untapped Market Due to Social Media Trends
- Casual Wear Is Gaining Traction among Consumers
- Changing Consumer Preference and Fashion Trends
Key Target AudienceWestern Wear Manufacturers, Western Wear Distributors and Suppliers, Industry Verticals, Government Agencies and Organizations, Regulatory and Compliance Agencies and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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