This market research report provides a comprehensive segmentation of the global children’s wear market by product type (apparel and footwear), by retail format (specialist retailers, mixed retailers, grocery retailers, online retailing and others) and by geography (EMEA, Americas and APAC). It also includes an insightful analysis of the leading vendors in this market such as Benetton Group, Carter’s, Disney Consumer Products, Gap and The Children’s Place.
Technavio’s market research analysts estimate the global children wear market to grow at a CAGR of 6% between 2016 and 2020. Growth in organized retail sector and availability of wide range of products and brands are major factors driving the growth of children wear market. EMEA dominates the global market for children wear, accounting for 36% of the overall market share. Much of this region’s growth comes from design innovations in apparels and growing influence of fashion trends.
The new market research report from Technavio provides a breakdown and analysis of the children wear segments by technology.
“The availability of designer children’s clothing and footwear has increased consumer spending on children’s wear. As children quickly outgrow their clothes and footwear, the sales of children’s apparel is quite high compared to adult wear. Also, growth in online retailing and fast shipping techniques have encouraged to make frequent purchases of children wear. AlexandAlexa, Babyccino Kids, and Amazon are some popular online shopping sites for children apparels,” says Brijesh Kumar Chaubey, Lead Analyst, Consumer & Retail, Technavio Research.
The apparel segment dominates the global children wear market, occupying around 77% of the total market share. Increase in demand for designer and luxury children’s wear is propelling the growth of this segment, which is expected to generate revenues of $225 billion by 2020. The segment is witnessing growing preference for online shopping, and demand for organic wear for children, which is expected to boost market revenue during the forecast period.
The key vendors in the global children’s wear market include Benetton Group, Carter’s, Disney Consumer Products, Gap and The Children’s Place. The market is highly fragmented with the presence of several local and international vendors. Major revenues generation from this market depends on seasonal sales of products. Vendors compete based on innovations in product offerings, pricing strategy, and distribution strategy.
A more detailed analysis is available in the Technavio report, Global Children Wear Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Baby Clothing Market in the US 2015-2019
- Global Children’s and Infant Wear Market 2014-2018
- Global Childrens Wear Market 2014-2018
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