Global Premium Denim Jeans Market 2017-2021
About Premium Denim Jeans
Denim jeans are a type of trousers that are made of denim or dungaree cloth. They are very popular among teenagers and hold a major share as a fashion item in the clothing industry. Premium denim jeans have become one of the most important and fastest growing segments in the apparel industry. They are targeted at brand and fashion-conscious customers who are ready to purchase them at premium prices. They are available in many styles, designs, materials, and colors. Premium jeans deliver a style statement by significantly enhancing the fashion and aesthetic appeal of an individual.
Technavio’s analysts forecast the global premium denim jeans market to grow at a CAGR of 8.40% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global premium denim jeans market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of premium denim jeans.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Premium Denim Jeans Market 2017-2021
Technavio recognizes the following companies as the key players in the global premium denim jeans market: LVMH, Gap, Kering, PVH, and Levi Strauss and Co
Other Prominent Vendors in the market are: GUESS?, DIFFERENTIAL BRANDS, NAKED AND FAMOUS DENIMS, JACOB COHEN, Ermenegildo Zegna Holditalia, AG Adriano Goldschmied, PAIGE, 34 HERITAGE, DL1961, and Giorgio Armani.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Recycling of jeans from plastic and other materials. The increasing demand for apparels in the market is also increasing the adverse effects on the environment due to the massive use of resources in terms of water, chemicals, electricity, and other sources of energy. The growing demand for jeans is resulting in depletion of resources in the environment. Recycling of jeans by using textile wastage is done to minimize environmental exploitation for resources and to reduce the dependency on the scarce raw materials to produce new apparel.”
According to the report, one of the major drivers for this market is Innovative product designs. Vendors of jeans are constantly innovating to combat the fierce competition from counterfeit apparel manufacturers. They are attracting customers by producing more comfortable jeans by making the products more flexible to compressions and stretches. The new jeans are comfortable to use because they are made of soft knitted denim. This also provides them traditional sportswear functionalities such as thermo-regulation, moisture management, UV protection, and anti-rip features.
Further, the report states that one of the major factors hindering the growth of this market is Fierce competition in the apparel industry. Despite consumers showing high demand for jeans, the fierce competition in the apparel industry is causing an adverse impact on the demand for premium denim products. Attractive and colorful bottom wear such as dresses, leggings, and athletic and yoga pants have captured the maximum floor space at retail outlets. The preference for athletic and yoga pants among both men and women has increased in the recent years due to its multi-functional usage benefits.
LVMH, Gap, Kering, PVH, Levi Strauss and Co, GUESS?, DIFFERENTIAL BRANDS, NAKED AND FAMOUS DENIMS, JACOB COHEN, Ermenegildo Zegna Holditalia, AG Adriano Goldschmied, PAIGE, 34 HERITAGE, DL1961, and Giorgio Armani.
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