About Homewear
Home wears are the clothes which includes sleep wears, clothes for meeting visitors and also the leisure wears for activities in neighbourhood. These products are related to the home life which are comfortable, and cozy. Moreover, it also include the footwear which prevents the fungal and bacterial infection. There are wide range of benefits for home wear which are increasing the demand.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.5% |
The home wear market industry is highly fragmented and has the presence of various global and local vendors. These players are focusing on robust innovations in designs. Also, its wide range of products is intensifying the competition in the market. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Homewear market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
L Brands (United States), Hanes Brands (United States), Betkshire Hathaway (United States), Triumph International (Switzerland), Wacoal (Japan), Marks & Spencer (United Kingdom), Fast Retailing (Japan), PVH (United States), Cosmo Lady (China) and MUJI (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are HM (Sweden), OYSHO (Spain), Gunze (Japan), Jockey International (United States) and Aimer (Spain).
Segmentation Overview
AMA Research has segmented the market of Global Homewear market by and Region.
On the basis of geography, the market of Homewear has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Materials used , the sub-segment i.e. Cotton will boost the Homewear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End users, the sub-segment i.e. Men will boost the Homewear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution, the sub-segment i.e. Department/General Merchandise Stores will boost the Homewear market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Changing Lifestyle of the Consumers and Increasing Availability of Private Label Brands
Market Growth Drivers:
Increasing Disposable Income in Developing Economies and Introduction of New Designs and Colors is Fueling the Market Growth
Challenges:
Fluctuating Prices of Raw Materials
Restraints:
Stiff competition among the major players
Opportunities:
Rapid Urbanization in Developing Countries and Growing E-Commerce Industries
Market Leaders and their expansionary development strategies
In September 2023, Artarium, a prominent home decor company, is gearing up to significantly increase its investment in Research and Development (R&D) and is poised to introduce a disruptive range of products by the close of 2023. Recognizing the surging demand for Artarium's offerings, the company is strategically expanding its manufacturing capacity.
In November 2022, H&M India will launch its home décor brand H&M Home in March in India, with a store in New Delhi, and also offer products online. We are thrilled to finally announce our upcoming launch in India, and we can’t wait to let our Indian customers in New Delhi and online experience H&M Home
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organizations, Government Agencies and Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.