Global Women Formal Wear Market was valued US$ 45.20 Bn in 2017 and is expected to reach US$ 69.80 Bn by 2026, at a CAGR of 5.49 % during a forecast period.
Global women formal wear market is segmented by product, distribution channel, price range and geography.
Based on product, the Global women formal wear market is classified into apparels, footwear and accessories. By distribution channel, global women formal wear market is divided into hypermarkets, supermarkets, convenience stores, specialty stores, online stores and others. Price range segment is categorised into high, medium and low price. By geographically, global women formal wear market spread by North America, Europe, Asia Pacific , South America and Middle East & South Africa.
Government initiatives to promote women working along with the employment of various rules and regulations to preserve the gender ratio in the working sectors are boosting the demand for women formal wear across the globe. Growing personal disposable income of women along with the standard lifestyle of women consumers will inclination the consumer interest towards trending fashion. Rapid development and globalization are expected to increase the growth of global women formal wear market.
The high cost of branded clothes, vigorous fashion trends, and unattainability of raw materials are limiting the growth in the global women formal wear market.
Apparels segment is expected to hold major share in the global women formal wear market. Women employment is expressively grownup in IT and corporate world, a large fraction of employed women are embracing business dressing impressions. This will increase the demand for women formals across the globe. The basic need of dress wear along with fashion cognizance and fluctuating lifestyle is impelling the growth of market. Brand devotion and brand acknowledgment are the key business strategies implemented by major leading players in the global women formal wear market.
Online platform becomes popular owing to that it provides the delivery to the doorstep by order of women formal wear. With an online platform, the consumer can compare the price of women formal wear product on different websites. Online platforms provide the home delivery and free shipping and exchange & return offer turn to increase the global women formal wear market.
Asia Pacific is expected to reach significant growth in the global women formal wear market. Growing promotional activity, escalating disposable income, amassed consumer confidence and cumulative consumer’s enthusiasm to keep up with the up-to-date fashion trends are driving the growth in global formal women’s wear market.
Key profiled and analysed in the Global Women Formal Wear Market.
Gap Inc., H&M ,Inditex ,Kering ,L Brands ,Nike ,PVH ,Adidas ,Burberry ,Hermes ,Michael Kors ,Prada,Ralph Lauren and Uniqlo, Industria de Diseno Textil, S.A, Pacific Brands Limited, Etam Development, Fast Retailing Co., Esprit Holdings Limited, Aoyama Trading Co., Mexx Group, Arcadia Group Limited, NEXT plc and Nordstrom, Inc. The TJX Companies, Inc., Marks and Spencer Group plc.
Scope of the report for Global Women Formal Wear Market
Global Women Formal Wear Market, By Product
Global Women Formal Wear Market, By Distribution Channel
- Convenience stores
- Specialty stores
- Online stores
Global Women Formal Wear Market, By Price Range
- Low Price
- Medium Price
- High Price
Global Women Formal Wear Market, By Geography
- North America
- Asia Pacific
- Middle East & Africa
- South America
Key players in Global Women Formal Wear Market
- L Brands
- Michael Kors
- Ralph Lauren
- Industria de Diseno Textil
- S.A, Pacific Brands Limited
- Etam Development
- Fast Retailing Co.
- Esprit Holdings Limited
- Aoyama Trading Co.
- Mexx Group
- Arcadia Group Limited
- NEXT plc
- Nordstrom, Inc.
- The TJX Companies, Inc.
- Spencer Group plc
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