Women’s Dresses & Skirts Market Size Is Projected To Reach USD 218.50 Billion By 2028


 San Francisco, 18 July 2023: The Report Women's Dresses & Skirts Market Size, Share & Trends Analysis Report By Fiber (Cotton, Polyester, Cellulosic), Type (Dresses, Skirts), Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2022 - 2028

The global women’s dresses & skirts market size was estimated to reach USD 218.50 billion by 2028 and is expected to expand at a CAGR of 5.0% from 2022 to 2028, according to a new report by Grand View Research, Inc. This can be attributed to factors such as the increasing number of working women, continuously changing fashion trends, and increasing purchasing power. Manufacturers are focusing on increasing their customer base by reaching them in different ways such as through e-commerce platforms and offering discount schemes.

Polyester segment contributed the largest revenue share to the global market of more than 45.0% in 2021 and is expected to register a CAGR of 4.5% from 2022 to 2028. Polyester is a synthetic type of fiber, that contains compounds of the ester functional group. This is obtained from petroleum and is one of the most popular in the textile industry. The segment is durable and relatively more economic material used for manufacturing apparel products. Consumers prefer apparel made from polyester, as it is resistant to all types of environmental conditions.

Dresses segment contributed a larger share of more than 70% in 2021 to the global market revenue and is anticipated to exhibit a CAGR of 4.9% from 2022 to 2028. The dresses are the first choice by women to wear traditionally. Dresses vary depending on the season, fashion, and modesty as formal or casual as per individuals’ choice. Thus, the segment contributed more to the market revenue.

Offline distribution channels contributed to a larger market share of more than 75% in 2021. Offline channels include sports stores, distributors, and retail stores. Manufacturers and marketers use the traditional retail channel for more sales. The segment includes organized retail channels which are more customer-oriented and provide better services by selling a variety of apparel directly to the end-users. Additionally, these stores provide a choice of physical verification and trials & facility of products to the end-users and contribute to the market revenue. Thus offline segment contributes more to the market revenue.

Asia Pacific is expected to expand at the highest CAGR of 5.7% from 2022 to 2028. China and India are positively contributing to the growth of the market. With the largest growing population and increasing disposable income, the region is witnessing huge demand for apparel. Many manufacturers are establishing their industrial base in this region. Thus, the region is projected to exhibit the highest CAGR during the forecast period. 

Access Research Report of Women’s Dresses & Skirts Market @ https://www.grandviewresearch.com/industry-analysis/womens-dresses-skirts-market-report

Women’s Dresses & Skirts Market Report Highlights

  • Europe accounted for the largest market share of more than 30% in 2021. This is attributed to the higher consumer spending on the product, high product awareness, and well-established distribution network of key players
  • Cellulosic segment is estimated to register the highest growth rate over the forecast period, with a CAGR of 6.5%. The increasing trend of sustainability and rising demand for eco-friendly products are expected to boost the segmental growth
  • Skirts segment is anticipated to register the highest growth rate of CAGR of 5.7% over the forecast period owing to the increasing product launches of trendy skirts and changing consumer profiles with shifting fashion attitudes.
  • Online distribution channel is estimated to register a CAGR of 6.6% from 2022 to 2028. Increasing penetration of internet services and increasing consumer demand for online platforms are likely to drive the demand for the online segment. 

Women’s Dresses & Skirts Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 160.18 billion

Revenue forecast in 2028

USD 218.50 billion

Growth Rate

CAGR of 5.0% from 2022 to 2028

Base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2028

List of Key Players of Women’s Dresses & Skirts Market:

  • Dior
  • CHANEL
  • Guccio Gucci S.p.A.
  • PRADA
  • Giorgio Armani S.p.A.
  • Burberry Group Plc
  • Dolce & Gabbana S.r.l.
  • Gianni Versace S.r.l.
  • Louis Vuitton, Inc.

Access Press Release of Women’s Dresses & Skirts Market @ https://www.grandviewresearch.com/press-release/global-womens-dresses-skirts-market

 

Comments

Post a Comment

Popular posts from this blog

U.K. Point Of Sale Software Market To Expand Industry Growth At USD 1.05 Billion By 2028

Image
  San Francisco, 21 Jan 2022:   The Report  U.K. Point Of Sale Software Market  Size, Share & Trends Analysis Report By Application (Fixed POS, Mobile POS), By Deployment, By Organization Size, By End-user, And Segment Forecasts, 2021 - 2028 The global U.K. point of sale software market size is expected to reach USD 1.05 billion by 2028, expanding at a CAGR of 8.1% from 2021 to 2028, according to the new study conducted by Grand View Research, Inc. The integration of a Point-Of-Sale (POS) solution with capabilities such as sales reports monitoring, cash flow recording, product demand analysis, tracking delivery status, and inventory management ensure systematic functioning and upscaling of a business. The adoption of POS software is directly impacted by the demand for POS terminals, which is witnessing growth in demand due to changing lifestyles and government policies. However, the COVID-19 pandemic disrupted the industry's business, wherein ...
Read more

Gas Detection Equipment Market Anticipated To Expand At A CAGR 9.7% From 2021 To 2028

  San Francisco, 5 May 2021:   The Report  Gas Detection Equipment Market  Size, Share & Trends Analysis Report By Product, By Technology (Infrared, Catalytic, PID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global gas detection equipment market size is expected to reach USD 8.38 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 9.7% from 2021 to 2028. The market growth can be attributed to the growing awareness among governments regarding the harmful effects of greenhouse gases, coupled with their increased efforts toward protecting the environment. Major industries such as petroleum, oil, and gas, among others are needed to comply with safety and environmental regulations which are also major factors driving the market growth. Many companies are focused on introducing drone-based gas detection equipment, which is expected to create new opportunities for market growth in...
Read more