About Womens Suits
Initiatives by the government to indorse women working along with the execution of several rules and regulations to sustain the gender ratio in all working sectors will further fuel the demand for women suits all over the world. Developing e-commerce companies has boosted the sales of women suits by launching exciting offers on women suits, customers find e-commerce as a more suitable way of shopping. Growing internet penetration, changing lifestyle and fashion trend is key driver of women’s suit market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
The women suits market is moderately fragmented owing to the presence of numerous key players. With global players growing their existence their market presence, regional vendors are finding it gradually difficult to compete with them in terms of cost, quality and fashion trends. The competitive environment in this market is projected to intensify with an upsurge in a product as well as service extensions. Companies collaborate with packaging corporations to proposal innovative packaging for clothing such as a biodegradable barrier tray, which is projected to drive the market growth in the near future. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Womens Suits 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.
Gap (United States), H&M (Sweden), Inditex (Spain), Kering (France), L Brands (United States), LVMH (France), Zara International (Spain), PVH (United States), Burberry (United Kingdom) and Hermès (France) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Michael Kors (United States), Prada (United Kingdom), Ralph Lauren (United States), FTDL Corporate Design Outfit (Philippines) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Womens Suits market by Type (Single-Breasted and Double Breasted), Application (Official, Casual and Others) and Region.
On the basis of geography, the market of Womens Suits 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, Spain, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Hypermarket/supermarket will boost the Womens Suits market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing pool of working women in developed and developing countries and Growing Attraction towards Well-Positioned Brands
Market Growth Drivers:
Rapid Urbanization and Increasing Disposable Income, Expansion of Online Distribution Worldwide and Influence of Media, Celebrity Endorsement, Promotional Discount and Festive Sale
Challenges:
Availability of Counterfeit Product and Rapid Change in Consumer Preference
Restraints:
Poor quality of products and High Price of Specialized Clothing
Opportunities:
Huge Opportunity in Untapped Market Due to Social Media Trends and Casual Wear Is Gaining Traction among Consumers
Market Leaders and their expansionary development strategies
In January 2023, G.O.A.T Brand Labs, an aggregator of D2C brands, has acquired a women’s ethnic apparel brand Imara.
In June 2022, Indian TV producer Ektaa R. Kapoor and entertainment commerce platform Roposo have partnered to extend their co-created brand EK into the women’s ethnic wear category.
Key Target Audience
Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions, Environment Support Agencies, Investment Banks and Private Equity Firms and Others
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.