Dublin, Aug. 02, 2024 (GLOBE NEWSWIRE) -- The "Workwear - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Workwear is estimated at US$18.0 Billion in 2023 and is projected to reach US$25.3 Billion by 2030, growing at a CAGR of 5.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the workwear market is driven by several factors. One major driver is the stringent regulations and standards set by occupational safety authorities, which mandate the use of protective clothing in various industries, such as construction, manufacturing, and mining. The rising awareness of workplace safety and the importance of reducing accident rates have also spurred demand for high-quality workwear.
Technological advancements have enabled the production of innovative materials that offer enhanced protection and comfort, appealing to both employers and employees. Additionally, the increasing trend of branding and customization in workwear, where companies invest in uniforms that reflect their corporate identity, contributes to market expansion. Consumer behavior trends, such as the growing preference for sustainable and ethically produced clothing, are influencing the workwear market as well, with manufacturers adopting eco-friendly materials and practices.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Workwear Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Workwear Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Chemical Application segment, which is expected to reach US$8.7 Billion by 2030 with a CAGR of a 5.3%. The Power Application segment is also set to grow at 4.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $4.9 Billion in 2023, and China, forecasted to grow at an impressive 8.3% CAGR to reach $5.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Alexandra, ALSICO NV, Asatex AG, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 872 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $18 Billion |
| Forecasted Market Value (USD) by 2030 | $25.3 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
MARKET OVERVIEW
- Workwear - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Workwear: An Introduction
- Market Outlook
- Geographic Market Analysis
- India & China: Unpenetrated Nature of the Market and Large Working Age Population Offer Significant Growth Opportunities
- Large Population of Working Age Individuals Worldwide: The Fundamental Growth Driver
- The Prominence of Casual Wear Raises Concerns
- Workwear Distribution
- Direct Sales Dominate Over Rentals
- Competition: A Highly Fragmented Market
- Performance Apparel: A Major Opportunity
- Functionality Advancements: A Key Product Differentiator
- High Entry Barriers Hamper Entry of New Players
- Challenges Faced by Workwear Manufacturers
- Recent Market Activity
- World Brands
MARKET TRENDS & DRIVERS
- Sustainability: A Key Trend in the Future Workwear and Protective Clothing Market
- Advanced Materials Enable High-Performance, Eco-Friendly Clothing
- Need Grows for Distinct Workwear across Industries
- Inclination towards 'Business Casuals' as Workwear among the Millennials Change the Corporate Wear Dynamics
- Blurring of Lines between Work, Home, Rest, and Travel for Millennials Drive Demand for Casual Workwear
- Global Millennial Population Facts & Figures: Important Opportunity Indicators
- Rise in Significance of Functional Workwear Benefits Market Growth
- Functional Clothing Gains Prominence Amid the Pandemic
- Latest Fabric Technologies Make It Worthwhile to Invest in Modern Workwear
- Uniforms for Creative Workspaces: A Novel Workwear Trend
- Growth in Working Women Population Boosts Demand for Women's Workwear
- Women's Workwear Brands Gain Prominence
- Corporate Wear Continues to be a Dynamic Market
- Advent of Smart Technologies Fuel Demand for Workwear Wearables
- Superior Attributes of FR Workwear over Traditional Workwear Benefit Market Adoption
- Workwear for Older and Plus-size Consumers: A Segment with Huge Untapped Potential
- Workwear Catches the Fancy of Designers to Emerge as Major Fashion Trend
- Increasing Popularity of Organic Workwear Lends Traction to Market Growth
- Imagewear: A Lucrative Market
- Multi-Functional Workwear Continue to be in Demand in the Oil and Gas Industry
- Taking Worker Safety to New Levels
- Healthcare and Social Care Industry Witnesses New Trends
- As the Hospitality Sector Emerges from the Pandemic, Workwear Gains Important Place as Part of Competitor Strategies
- Hotel Occupancy Rate: 2018-2023
- US Revenues Per Available Room (RevPar): 2019 to 2023
- Multiple Benefits Drive Demand for Embroidered Workwear
- Innovative Boots & Accessible Shirts Add Exciting Dimensions to Construction Workwear
- INNOVATIONS & ADVANCEMENTS
- Nanotechnology: A Growing Area of Interest
- Emergence of E-Textiles
- 3D Printing: A Game Changer
- Fabrics with Moisture Management, Stretch Fabrics, Organic Fabrics and Anti-Microbial Fabrics
- BioFabrics
- Tencel: The Wonder Fabric
- GlenGuard FR by Glen Raven
- Carhartt's Full Swing Enhances Outwear Comfort
- Innovations in Flame Resistant Workwear
- Favorable Demographic and Economic Trends Strengthens Market Prospects
FOCUS ON SELECT PLAYERS (Total 375 Featured)
- Alexandra
- ALSICO NV
- Asatex AG
- A. Ronai LLC
- Alfredo Grassi SpA
- Amco Apparel Mfg., Co.
- APC Workwear Ltd.
- APEX Medical Corporation
- AIRWAIR Intl. Ltd. - Dr. Martens
- Arbesko AB
- A.LAFONT SAS
- Anbu Safety Industrial Co., Ltd. (China)
- Armor General Trading
- Anchortex Corporation
- Aimmax Medical
For more information about this report visit https://www.researchandmarkets.com/r/4y0k7b
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