Women’s Suits And Ensembles Market To Rise At Modest Growth With CAGR And Revenue Till 2028Posted by Mrudula Karmarkar on October 10th, 2022 The global women’s suits and ensembles market size was estimated to reach USD 16.01 billion by 2028 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2028, according to a new report by Grand View Research, Inc. This can be attributed to the factors such as the increasing number of working women, rising per capita income, and purchasing power. Additionally, rising corporate culture across the globe is contributing to the growth of this market. Moreover, apparel manufacturers adopt automatic machines to increase production and reduce the cost associated with it. The cotton segment contributed the second-largest revenue share to the global market of more than 30.0% in 2021 and is forecast to expand with a CAGR of 5.1% from 2022 to 2028. Cotton is breathable and absorbent and is mostly used in the textile industry to make the human body warm during cool weather and absorb sweat. Cotton is one of the important preferences of the industry compared to other synthetic and natural fibers, as it does not have side effects on the skin and offers comfort. This contributes to the market revenue. Offline distribution channels contributed to a larger market share of more than 75% in 2021. Offline channels include exclusive stores, hypermarkets and supermarkets, and retail stores. Manufacturers and marketers use the traditional retail channel for more sales. The segment includes organized retail channels which are more customer-oriented and provide better services by selling a variety of apparel directly to the end-users. Additionally, these stores provide a choice of physical verification and trials & facility of products to the end-users, thus contributing to the market revenue. Asia Pacific is forecast to expand with the highest CAGR of 5.8% from 2022 to 2028. China and India are positively contributing to the growth of the market. With the largest growing population and increasing disposable income, the region is witnessing huge demand for apparel. Many multinational companies are expanding their foothold in this region due to low labor costs and easy availability of raw materials, which will lead to a more working population. Rising information technology is also positively contributing to the growth of the market. Thus, the region is forecast to grow with the highest CAGR during the forecast period. The governments of various countries restricted movement or restricted citizens from going out due to the COVID 19 pandemic. There were numerous canceled events around the world, including sports matches and exhibitions. Moreover, corporate offices are opened with fewer employees while others are working from home. Due to this, the market experienced a shortfall in the sales of apparel due to restricted production, disturbed supply chains, and reduced demand. Considering this short slack in market revenue, it is expected that the sector will soon witness healthy growth in the upcoming years after COVID-19 restrictions. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/womens-suits-ensembles-market-report/request/rs1 This can be attributed to the factors such as the increasing number of working women, rising per capita income, and purchasing power. Additionally, the rising corporate culture across the globe is contributing to the growth of this market. Moreover, apparel manufacturers adopt automatic machines to increase production and reduce the cost associated with it. Apparel manufacturers are focusing on increasing their customer base by reaching them in different ways, such as through e-commerce platforms and offering discount schemes. Women’s Suits And Ensembles Market Report Highlights
The women’s suits and ensembles are the set of outer apparel that is designed to be warm from various types of fabrics. Suits consist of a suit jacket and a matching pair of trousers, whereas the ensemble includes a complement of suit apparel. Suits are typically manufactured with long sleeves. Both coats and jackets have collars, lapels, and pockets. The fabric used for suits is cotton, polyester, and cellulosic. These products are available in different styles, colors, and designs for multiple usages, including casual, formal, and cocktail parties. The women’s suits & ensembles market is characterized by the presence of various well-established players and several small and medium players. Vendors are focusing on product launches to meet consumers’ expectations with changing fashion consciousness. Additionally, vendors are trying to innovate new preservative techniques to increase the durability of the product. Moreover, vendors are expanding their reach across the globe. Such initiatives are expected to boost the adoption rate of the products among consumers. Some of the prominent players in the global women’s suits and ensembles market include:
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