Global Ready-to-Wear Market Overview:
Ready-to-Wear refers to finished garments sold in standardised sizes, as opposed to made-to-measure or bespoke clothing tailored to a specific person's frame. In other words, it is a piece of clothing that was mass-produced in various sizes and sold as such rather than being designed and sewn for a single person. Off-the-shelf is sometimes applied to items other than clothing, such as handbags. Ready-to-wear has a distinct place in the worlds of fashion and classic clothing. Designers in the fashion industry create ready-to-wear clothing that is intended to be worn without significant alteration because clothing made to standard sizes fits the majority of people. Because of advancements in communication technology, ready-to-wear clothing has become faster to produce. Ready-to-wear and ready-made garments have greatly increased the fashion business, all while making apparel more affordable and accessible to all, in all forms of buying, making for the most convenient alternative available.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Uniqlo (Japan), H&M (Sweden), Inditex SA (Spain), Gap Inc. (United States), Chanel (United Kingdom), Louis Vuitton (France), Dior (France), Balenciaga (France), Nike, Inc. (United States), Celio (France) and Saint Laurent (France) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Increase in Fashion Trend and Its Influence over Consumers is Driving the Ready-to-Wear Market
- Rising Demand for Nightwear and Athletic Wear
Roadblocks
- Fluctuations in Supply and Demand Share due to Enforcement of Stringent Lockdown Measures
Opportunities
- Increase in Disposable Income among the Middle-Income Group Acts as a Major Driver for the Ready-to-Wear Market
- High Demand for a Reflective Finish in Apparel has also Created Growth Opportunities
Challenges
- High Competition among Established Players
- Easy Availability of Forged Products
Competitive Landscape:
The demand for ready-to-wear is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes Chanel, Uniqlo, H&M and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders such as Chanel, Uniqlo, H&M, meem demonstrate a market-defining vision of how ready-to-wear can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings.
Some of the key players profiled in the report are Uniqlo (Japan), H&M (Sweden), Inditex SA (Spain), Gap Inc. (United States), Chanel (United Kingdom), Louis Vuitton (France), Dior (France), Balenciaga (France), Nike, Inc. (United States), Celio (France) and Saint Laurent (France). Additionally, following companies can also be profiled that are part of our coverage like Zara (Spain), Raymond Group (India) and Under Armour (United States). Analyst at AMA Research see France Vendors to retain maximum share of Global Ready-to-Wear market by 2027. Considering Market by End Users, the sub-segment i.e. Adult will boost the Ready-to-Wear market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Ready-to-Wear market. Considering Market by Fabric Type, the sub-segment i.e. Cotton will boost the Ready-to-Wear market.
Latest Market Insights:
In August 2021 Chanel had announced the acquisition of Paima. Paima will continue to work with additional high-end clients after the luxury house's investment. Even after the Chanel investment, Paima will continue to work with all of its luxury clients. Chanel intends to keep investing in speciality ateliers. Paima will be able to train future craftsmen and expand its network of partners due to Chanel's funding.
In May 2021 Zara had announced partnership with Fruit of Loom. The collaboration will debut its first combined capsule collection in U.S. retailers. The collection is based on Fruit of the Loom's history and it incorporates the brand's most well-known vintage emblem. The new women's collection comprises brightly coloured, high-quality T-shirts, sweatshirts with matching shorts and leggings, and undergarments, all in the brand's signature classic styles.
What Can be Explored with the Ready-to-Wear Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Ready-to-Wear Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Ready-to-Wear
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Ready-to-Wear market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Ready-to-Wear market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners, Ready-to-Wear Products Manufactures, Ready-to-Wear Products Distributors and Suppliers, Raw Material Suppliers, End-use industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.