SEATTLE, Nov. 29, 2018 (GLOBE NEWSWIRE) -- The global adaptive clothing market was valued at US$ 278.87 billion in 2017 and is projected to exhibit a CAGR of 4.1% over the forecast period (2018–2026).
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/adaptive-clothing-market-2294
Key Trends and Analysis of the Adaptive Clothing Market:
Key players in the global adoptive clothing market are focused on offering fashionable and stylish adaptive clothes, owing to increasing demand for such clothes from consumes. Fashion designers focus on comfort, fabric quality, and dignity of the wearer, while designing adaptive clothes. Moreover, brands such as Tommy Hilfiger and Ashley particularly designed these clothes for children, women, and men to wear in offices, parties, and others places.
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Key Market Takeaways:
- The market is expected to exhibit a CAGR of 4.1% % during the forecast period (2018–2025). This is owing to increasing demand for adaptive clothing from increasing geriatric population and rising disabilities in adults and children, worldwide.
- North America accounted for the highest market share of 46% in 2017 and is projected to remain largest throughout the forecast period. This is due to increasing prevalence of diseases such as arthritis, diabetes, and others. Furthermore, increasing percentage of people with disabilities amongst the U.S. population is expected to propel growth of the adaptive clothing market. According to the American Community Survey (ACS), the percentage of people with disabilities in the U.S. population increased to 12.8% in 2016 from 11.9% in 2010.
- Asia Pacific is expected to witness high growth, owing to significant amount of population with various disabilities, particularly in economies such as India. According to the census 2011, around 2.21% of the population in India has some type of disability. Although the low presence of adaptive clothing retailers in the country is hindering the market growth, it is also providing growth opportunities for new companies to enter in the adaptive clothing market.
- The demand for stylish adaptive clothing is rising as such clothing apart from providing solution to disabled people, it is also providing stylish look, which is attracting the wearers across the globe. Brands such as Runway of Dreams and Tommy Hilfiger are offering wide range of stylish adaptive clothes for disabled children and adults.
- Furthermore, people suffering from Down syndrome also requires to wear adaptive clothing. For instance, women with Down syndrome tend to have shorter legs and torsos, which makes it difficult for them to wear regular size clothes. Ashley By Design offers adaptive clothing for women with Down syndrome, while ensuring size, product quality and fashion.
- Rising geriatric population is also key factor propelling the adaptive clothing market. Europe is the leading region pertaining to this rise. According to World Health Organization (WHO), the projected growth of geriatric population aged 85 and above in the Europe is 40 million by 2050 from 14 to 19 million by 2020.
- Companies in the global market are coming with the new developments in adaptive clothing. This new developments are focused to make adaptive clothes more easy to wear. For instance, in 2016, Van Heusen launched new shirt with magnetic closure by replacing the traditional buttons.
- Key players operating in the global adaptive clothing market include, Silvert’s Adaptive Clothing & Footwear, Izzy Camilleri, NBZ Apparel International, Able2Wear, Adaptions By Adrian, Professional fit Clothing, Adaptive Clothing Showroom, Creation Comfort, Buck & Buck, and PVH Corp., and others.