Global Loungewear Market, By Material (Cotton, Wool, Silk, Others), End User (Female, Male, Kids), Distribution Channel (Store-Based, Non-Store-Based), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Loungewear Market
The Loungewear market is expected to be growing at a growth rate of 10.2% in the forecast period of 2021 to 2028 and would account to USD 20,009.7 million by 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of loungewear market. This rise in loungewear market value can be attributed to the various factors such as the rising demand for loungewear trend whereas walking, or at the athletic facility or yoga, at the beach, as a showering suit is anticipated to uplift the market growth.
Loungewear is comfy vesture which will be worn within and out of doors the house. Loungewear is commonly thought-about as home wear; but it's not simply restricted to camisoles and fitted tees, nightgowns, cover ups, string and faucet pants, and pyjamas. Loungewear is worn within the yoga category, park, gym, beach, or anyplace wherever one needn't be formal.
The growing acceptance of loungewear as a fashion trend as shoppers have shifted their focus towards comfy and respectable vesture preference reception. The wide convenience of the merchandise in several sorts, like sweatshirts, lounge shirts, joggers, and jumpsuits, has escalated the demand for loungewear. Moreover, the rising demand for modern and stylish loungewear has inspired market players to launch innovative product to cater to the increasing client demand.
Also, the provision of product for various events such as conferences, late lunches, brunch, and evening soirees has significantly contributed to the expansion of the loungewear market. Additionally, advertisements and promotional activities for loungewear at numerous retail chains square measure supporting sales. E-commerce platforms square measure the chop-chop growing business model in each business. Albeit the proportion of individuals shopping for vesture through stores is presently higher, it's been discovered that the adoption of on-line platforms is growing rapidly. Additionally, women are gradually spending on premium apparels that are trendy and comfortable, which will create ample opportunities for the loungewear market.
- On the flip side, high costs associated with the loungewear will pose a major challenge to the growth of the loungewear market in the long run. Fluctuations in the prices of raw materials will further derail the market growth rate. Intense pricing pressure among the vendors will yet again hamper the market growth rate.
This loungewear market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on loungewear market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Loungewear Market Scope and Market Size
The loungewear market is segmented on the basis of material, end-user and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of material, the loungewear market has been segmented into cotton, wool, silk and others.
- On the basis of end user, the loungewear market is segmented into female, male and kids.
- On the basis of distribution channel, the loungewear market is segmented into store-based and non-store-based. Store-based is further segmented into supermarkets and hypermarkets, specialty stores and others.
Loungewear Market Country Level Analysis
The loungewear market is analysed and market size insights and trends are provided by country, material, end-user and distribution channel as referenced above.
The countries covered in the loungewear market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region dominate the loungewear market and will continue to excel its trend of dominance during the forecast period owing to the increased focus of the manufacturer’s that specialize in increasing their presence and to increase the awareness among the consumers regarding new product launches. Asia-Pacific will register the highest growth rate over the forecast period of 2021 to 2028 owing to the rise in birth rates, along with the increase of luxury brands entering.
The country section of the loungewear market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Loungewear Market Share Analysis
The loungewear market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to loungewear market.
The major players operating in the loungewear market report are AEO Management Co., Authentic Brands Group LLC, Groupe Chantelle, H & M Hennes & Mauritz AB, Hanesbrands Inc., L Brands Inc., MASH Holdings Co. Ltd., PVH Corp., RALPH LAUREN, Nordstrom, Inc., and WACOAL HOLDINGS CORP., among others. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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