Global Children's and Infant Wear Market 2019-2023
About Children's and Infant Wear
Infant wears refer to apparel and footwear for babies aged less than 12 month and toddlers aged 1-3 years, and childrens’ wear includes apparel and footwear for children aged 3-14 years.
Technavio’s analysts forecast the Global Children's and Infant Wear Market to grow at a CAGR of 5.94% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global children's and infant wear market. To calculate the market size, the report considers the revenue generated from the sales of children's and infant wear.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Children's and Infant Wear Market 2019-2023
Technavio recognizes the following companies as the key players in the global children's and infant wear market: Benetton Group, Carter’s, Gap, Hanesbrands, and RALPH LAUREN.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the strengthening of luxury children's wear and infant wear market.”
According to the report, one driver influencing this market is the growing penetration in organized retail. The significance of organized retailers offering branded and reliable products has increased with growing brand consciousness among consumers.
Further, the report states that one challenge affecting this market is the declining birth rate. The declining birth rate is a challenge in developing countries such as India, China, Brazil, and developed countries such as the US and the UK.