What is Career Wear Market?
In the business, world attire plays a very important role and one must know as to how one should dress appropriately for any situation in a corporate environment. The dresses that are worn for an interview and on any casual day are way too different. Most of the corporate workspaces give their employees a particular dress code so as to provide guidance as to what types of clothing are allowed and which ones are prohibited on the professional days and on casual dress days respectively.
The market study is being classified by Type (Business Formal Attire, Business Professional Attire and Business Casual Attire), by Application (Offices, Business Meetings, Interviews and Others) and major geographies with country level break-up.
Loft (United States), J.Crew (United States), H&M (Sweden), Nike (United States), Banana Republic (United States), Ann Taylor (United States), Barney’s (United States), Men’s Warehouse (United States), Eddie Bauer (United States), Marshall’s (United States), Forever 21(United States), Old Navy (United States) and Uniqlo (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Express (United States), TJ Maxx (United States) and Aditya Birla Fashion (India).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new modifications in the existing products and collaborations as per their preferred strategies. In 2015, Nike had announced its ambitious plans so as to hit USD 50 billion in sales by 2020 and as known women’s business is a huge opportunity. Research Analyst at AMA predicts that Asian Vendors will contribute to the maximum growth of Global Career Wear market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Career Wear market by Type, Application and Region.
On the basis of geography, the market of Career Wear 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Artistic Features and Attractive Appearance of Consumers will boost the Career Wear Market
- Growing Preference for Professional Wear in the Work Area is driving the Market of Career Wear
Market Trend
- Increase in the Participation of Women in the Corporate Sector and Also High Spending on Career Wear
- Increase in the Trend of Dressing Being Related To Self-Image and Lifestyles Plays a Major Role in the Growth of the Market
Restraints
- Government Regulations for the Clothing and Textile Industries
Opportunities
- Growing Trend of integrating Function and Fashion Industries
- Technological Advancements for Creation of New Innovative Materials
Challenges
- High Competition among the Key Players
According to the Regulation (EU) No 1007/2011, textile products have to be labeled or marked whenever they are available on the market. The indication of the fiber composition of a product is mandatory at all stages of the industrial processing and commercial distribution of that product. All products containing at least 80% by weight of textile fibers, including raw, semi-worked, worked, semi-manufactured, semi-made, and made-up products are covered by the Regulation.
Key Target Audience
Manufacturers of Career Wear, Suppliers and Distributors of Career Wear, Fashion Industry, Textile Industry and Government Regulations