Global Childrens Wear Market 2016-2020
Market overview of the global children’s wear market
Technavio’s market research analyst predicts the global children’s wear market to grow at a CAGR of more than 6% by 2020. Factors such as the rise in high-income and working women population and the growing purchasing power of the populace in developing countries will bolster the sale of children’s apparels during the forecast period. This increase in the sale of children’s apparels will lead to the growth of this market during the forecast period.
The augmented availability of a wide array of products and brands and growth in affluent population are driving the prospects for growth in this market during the forecast period. Furthermore, the rapid growth of the organized retail sector in emerging countries has also added to the penetration of a broad range of children’s products and brands. This increase in the retail of children’s apparels will boost the market for children’s wear during the forecast period.
Product-based segmentation of the children’s wear market
In this market analysis, analysts have estimated the apparel segment to be the largest market segment during the forecast period. Factors such as the growing preference for online shopping, an increase in organized retail, and the rising demand for organic wear will result in this segment’s impressive market share of more than 77% during the forecast period.
Geographical segmentation of children’s wear market
Technavio Announces the Publication of its Research Report – Global Childrens Wear Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Childrens Wear Market: Benetton, Carter’s, Disney, Gap and The Children’s Place
Other Prominent Vendors in the market are: American Apparel, Balabala, Cotton On, Diesel, Dolce&Gabana, DKNY, Giordano International, Kering, Levi Strauss, Mothercare, Ralph Lauren, Tinycottons, VF, and Wovenplay.
Commenting on the report, an analyst from Technavio’s team said: “The rising number of working women globally, especially in the mature markets of the US and some Western European countries, is expected to influence market expansion positively during the forecast period.”
According to the report, the declining infant mortality rate worldwide will continue to drive the global children's wear market over the next five years. Improved healthcare facilities, coupled with better hygiene and sanitation facilities for infants, are resulting in a gradual decrease in the infant mortality rate.
Further, the report states that the global birth rate has been steadily declining over the past decade. This is affecting the sales of children's wear negatively.
Benetton, Carter’s, Disney, Gap, The Children’s Place, American Apparel, Balabala, Cotton On, Diesel, Dolce&Gabana, DKNY, Giordano International, Kering, Levi Strauss, Mothercare, Ralph Lauren, Tinycottons, VF, Wovenplay.