Women Apparel Market Growth by Product, Distribution Channel, and Geography - Forecast and Analysis 2023-2027

  • Published: Apr 2023
  • Pages: 174
  • SKU: IRTNTR71389

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Women Apparel market growth will increase by $188.13 billion during 2023-2027.
The women apparel market is expected to grow at a CAGR of 4.93% during 2023-2027.
Technavio has segmented the women apparel market by product (Tops and dresses, Bottom wear, Intimates and sleepwear, Coats, and jackets) ,distribution channel (Offline, Online, Europe, MEA, and South America) , and geography (APAC, North America, Europe, Middle East and Africa, and South America).
Benetton Group Srl, Burberry Group Plc, CHANEL Ltd., Dolce and Gabbana S.r.l, Gianni Versace Srl, Giorgio Armani S.p.A., Hermes International SA, Industria de Diseno Textil SA, Kering SA, LVMH Moet Hennessy Louis Vuitton SE, Nike Inc., Prada Spa, PUMA SE, PVH Corp., Ralph Lauren Corp., The Gap Inc., Adidas AG, Hennes and Mauritz AB, Aditya Birla Management Corp. Pvt. Ltd., Uniqlo Co Ltd are a few of the key vendors in the women apparel market.
APAC will register the highest growth rate of 39.53% among the other regions. Therefore, the women apparel market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the women apparel market growth are:
  • Premiumization through well-positioned brands
  • Virtual reality to enhance the shopping experience of consumers
The women apparel market vendors should focus on grabbing business opportunities from the Tops and dresses segment as it accounted for the largest market share in the base year.
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