Dublin, Sept. 10, 2021 (GLOBE NEWSWIRE) -- The "Workwear - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Workwear Market to Reach $39.2 Billion by 2027
Amid the COVID-19 crisis, the global market for Workwear estimated at US$29.1 Billion in the year 2020, is projected to reach a revised size of US$39.2 Billion by 2027, growing at a CAGR of 4.3% over the period 2020-2027.
Apparel, one of the segments analyzed in the report, is projected to record 4% CAGR and reach US$29.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Footwear segment is readjusted to a revised 5.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.6 Billion, While China is Forecast to Grow at 4.1% CAGR
The Workwear market in the U.S. is estimated at US$8.6 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7 Billion by the year 2027 trailing a CAGR of 4.1% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.2% and 3.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Workwear: Functional and Durable Clothing Offering a Safe Niche in an Otherwise Troubled Apparel Industry
- Growth Drivers Summarized
- Major Workwear Trends Summarized
- Recent Market Activity
- Huge Population of Working Age Individuals Worldwide: The Fundamental Growth Driver
- India & China: Unpenetrated Nature of the Market and Large Working Age Population Offer Significant Growth Opportunities
- Global Market Outlook
- Developed Markets: Traditional Revenue Contributors
- Developing Countries: Manufacturing Powerhouses and the New Growth Engines
2. FOCUS ON SELECT PLAYERS (Total 119 Featured)
- Aditya Birla Fashion and Retail Ltd. (ABFRL) (India)
- Adolphe Lafont - Kwintet France SAS (France)
- Alexandra Workwear (Overseas Holdings) Ltd. (UK)
- Alsico NV (Belgium)
- Aramark (USA)
- Carhartt, Inc. (USA)
- Cherokee Uniforms, Inc. (USA)
- Cintas Corporation (USA)
- G&K Services Inc. (USA)
- Dockers (USA)
- Duluth Holdings Inc. (USA)
- Fristads Kansas AB (Sweden)
- Bragard SA (France)
- Hejco (Sweden)
- HAVEP (The Netherlands)
- Hunter Apparel Solutions Limited (Ireland)
- JKL Clothing Ltd. (UK)
- Johnson's Apparelmaster Ltd. (United Kingdom)
- Jonsson Workwear (South Africa)
- Klopman International Srl (Italy)
- Raymond Limited (India)
- Red Wing Shoe Company, Inc. (USA)
- Snickers Workwear (Sweden)
- Simon Jersey Limited (United Kingdom)
- Superior Uniform Group, Inc. (USA)
- The Donna Karan Company LLC (USA)
- The WORKWEAR Group (Australia)
- Wolverine World Wide, Inc. (USA)
- Tranemo Textil AB (Sweden)
- UniFirst Corporation (USA)
- V.F. Corporation (USA)
- Williamson-Dickie Manufacturing Company (USA)
- Workrite Uniform Company, Inc. (USA)
3. MARKET TRENDS & DRIVERS
- Growing Prominence of Smart 'Business Casuals' as Workwear among the Millennials Drive Healthy Market Growth
- Blurring of Lines between Work, Home, Rest, and Travel for Today's Millennials Drive Healthy Growth in Demand for Casual Workwear
- Millennials' Growing Preference for Comfortable and Relaxed Office Wear
- Changing Perspective of the Millennials' towards Workwear
- Global Millennial Population Facts & Figures: Important Opportunity Indicators
- Growing Significance of Functional Workwear Benefits Market Expansion
- Uniforms for Creative Workspaces: A Novel Workwear Trend
- Rising Working Women Population Boosts Demand for Women's Workwear
- Women's Workwear Brands Gain Prominence
- Women's Workwear: Changes that Occurred over the Years
- Workwear for Women in Fields Traditionally Dominated by Men: A Major Opportunity
- Westernization Trends in Conventional Markets to Promote Growth
- Corporate Wear Continues to be a Promising Market Registering Positive Gains
- Noteworthy Trends in the Corporate Wear Market Summarized
- Advent of Smart Technologies Fuel Demand for Workwear Wearables
- Demand for Wearable Workwear Devices Witness an Upward Momentum
- Superior Attributes of FR Workwear over Traditional Workwear Benefit Market Adoption
- NSA Launches CARBONCOMFORTT Workwear Range
- Recent Styles in Fire-Resistant Workwear
- The Essential Need to Ensure Presentation and Style Drives Demand for Crew Uniforms
- Workwear for Older and Plus-size Consumers: A Segment with Huge Untapped Potential
- A Plus Size Revolution Brewing in the US
- Fashion Fever Grips Men's Workwear, Signals Growth Opportunities
- Increasing Popularity of Organic Workwear Lends Traction to Market Growth
- Imagewear: A Booming Market
- Multi-Functional and Lighter Fabric Workwear Continue to be in Demand in the Oil and Gas Industry
- Booming Healthcare and Social Care Industry Spurs Demand for Various Healthcare Workwear
- Foodservice/Hospitality Sector Continues to Generate Steady Demand for Workwear
- Demand for Customized and Designed Uniforms Gain Momentum in Casino/Gaming Market
- Multiple Benefits Drive Demand for Embroidered Workwear
- Growing Role of Internet and Social Media in Influencing Decisions Drive Market Penetration
- Favorable Demographic and Economic Trends Strengthens Market Prospects
- Exponential Increase in Urban Population
- Expanding Middle Class
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
- Total Companies Profiled: 119
For more information about this report visit https://www.researchandmarkets.com/r/cm6wj1
