Press Release

Western Wear Market is forecasted to reach at a notable value of around USD $99,423 million by 2023

A Comprehensive research study conducted by KD Market Insights on ‘‘Western Wear Market’’ report offers extensive and highly detailed historical, current and future market trends in the Global And regional /market. The Western Wear Market report includes market size, growth drivers, barriers, opportunities, trends and other information which helps to find new opportunities in this market for the growth of the business through new technologies and developments.

The global western wear market size was $71,132 million in 2016, and is expected to reach $99,423 million by 2023, registering a CAGR of 4.8% during the forecast period. Western wear is a category of clothing that defines its unique style by referring to the clothes worn in the 19th century Wild West. Western wear market can be broadly split into two categories, business wear or office wear, which includes formal shirts, trousers, suits, skirts, t-shirts, and dresses; and event-specific wear, which includes clothing worn at events such as weddings, proms, award ceremonies, and others. Latest trends, advent of e-commerce, increase in disposable income, rise in fashion consciousness among youth, shift in consumer preferences, and improved lifestyle have a positive impact on the market. Previously, the western wear market was restricted to the metros. However, it is witnessing growth in the remote locations such as villages and mini-metros, providing potential opportunities for market expansion in the upcoming years.

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Constant innovations and exposure to international fashion trends through social media websites such as Instagram, Tumblr, Pinterest, and Facebook are the major factors that fuel the growth of the global western wear market. In addition, rise in brand awareness, surge in demand for comfortable wear & better design at affordable prices, and increase in female working population with high disposable income act as the key drivers of the market. However, inability of the existing players to meet the consumer demands, due to ever-changing fashion trends hampers the market growth. Unavailability of raw material required to produce the fabric further and high cost of branded clothes restrain the growth of this market. Conversely, changing consumer preferences and increase in fashion consciousness among consumers are expected to provide ample opportunities for growth of this market. The evolution of fusion wear, which combines the attributes of ethnic wear with western wear, is also emerging as an additional opportunity for global western wear market.

The report segments the global western market on the basis of type, distribution channel, end user, and geography. According to type, it is bifurcated into casual and formal wear. Depending on distribution channel, it is fragmented into online platforms, specialty stores, supermarkets, hypermarkets, and brand outlets. On the basis of end user, the market is segmented into men, women, and kids. Geographically, it is analyzed into North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (India, China, Japan, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, and UAE).

The key players operating in western wear market are Benetton Group S.r.l., Dolce & Gabanna, Prada S.p.A, American Apparel Inc., Levi Strauss & Co, and Diesel S.p.A., Perry Ellis International Inc., Nautica Apparel, Inc., Burberry Group Plc., The Gap Inc., and PVH Corp.

KEY BENEFITS FOR STAKEHOLDERS

- This report provides quantitative analysis of the current trends, estimations, and dynamics from 2016 to 2023, which assist in identifying the prevailing market opportunities.
- Major countries in each region are mapped based on the revenue contribution to the global market.
- Market player positioning of the industry has been provided to provide a clear understanding of their competitive strengths.
- Porter's Five Forces analysis is used to illustrate the potential of suppliers and buyers in the global western wear industry.
- Comprehensive analysis of factors that drive and restrict the growth of the western wear market is provided.

KEY MARKET SEGMENTS

By Type

- Casual
- Formal

By Distribution Channel

- Online Platforms
- Specialty Stores
- Supermarkets
- Hypermarkets
- Brand Outlets

By End User

- Men
- Women
- Kids

By Geography

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- Italy
- France
- Spain
- UK
- Rest of Europe
Asia-Pacific
- China
- Japan
- South Korea
- Australia
- India
- Rest of Asia-Pacific
LAMEA
- Brazil
- South Africa
- UAE
- Saudi Arabia
- Rest of LAMEA

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Table of Contents:

CHAPTER 1: INTRODUCTION

1.1. REPORT DESCRIPTION

1.2. KEY BENEFITS FOR STAKEHOLDERS

1.3. KEY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research

1.4.2. Primary research

1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. SNAPSHOT

2.2. CXO PERSPECTIVE

CHAPTER 3: MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. KEY FINDINGS

3.2.1. Top investment pockets

3.2.2. Top winning strategies

3.3. PORTER’S FIVE FORCE ANALYSIS

3.4. MARKET PLAYER POSITIONING, 2016

3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Economic growth

3.5.1.2. Rapid urbanization

3.5.1.3. Increase in internet penetration

3.5.2. Restraint

3.5.2.1. High cost of raw materials

3.5.3. Opportunity

3.5.3.1. Growth of Asia-Pacific and LAMEA economies

CHAPTER 4: WESTERN WEAR MARKET, BY TYPE

4.1. OVERVIEW

4.1.1. Market size and forecast

4.2. Casual

4.2.1. Key market trends, growth factors, and opportunities

4.2.2. Market size and forecast, by region

4.2.3. Market size and forecast, by country

4.3. Formal

4.3.1. Key market trends, growth factors, and opportunities

4.3.2. Market size and forecast, by region

4.3.3. Market size and forecast, by country

CHAPTER 5: WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL

5.1. OVERVIEW

5.1.1. Market size and forecast

5.2. Online Platforms

5.2.1. Key market trends, growth factors, and opportunities

5.2.2. Market size and forecast, by region

5.2.3. Market size and forecast, by country

5.3. Specialty stores

5.3.1. Key market trends, growth factors, and opportunities

5.3.2. Market size and forecast, by region

5.3.3. Market size and forecast, by country

5.4. Supermarkets

5.4.1. Key market trends, growth factors, and opportunities

5.4.2. Market size and forecast, by region

5.4.3. Market size and forecast, by country

5.5. Hypermarkets

5.5.1. Key market trends, growth factors, and opportunities

5.5.2. Market size and forecast, by region

5.5.3. Market size and forecast, by country

5.6. Brand outlets

5.6.1. Key market trends, growth factors, and opportunities

5.6.2. Market size and forecast, by region

5.6.3. Market size and forecast, by country

CHAPTER 6: WESTERN WEAR MARKET, BY END USER

6.1. OVERVIEW

6.1.1. Market size and forecast

6.2. Men

6.2.1. Key market trends, growth factors, and opportunities

6.2.2. Market size and forecast, by region

6.2.3. Market size and forecast, by country

6.3. Women

6.3.1. Key market trends, growth factors, and opportunities

6.3.2. Market size and forecast, by region

6.3.3. Market size and forecast, by country

6.4. Kids

6.4.1. Key market trends, growth factors, and opportunities

6.4.2. Market size and forecast, by region

6.4.3. Market size and forecast, by country

CHAPTER 7: WESTERN WEAR MARKET, BY REGION

7.1. OVERVIEW

7.1.1. Market size and forecast

7.2. NORTH AMERICA

7.2.1. Key market trends, growth factors, and opportunities

7.2.2. Market size and forecast

7.2.2.1. U.S.

7.2.2.2. Canada

7.2.2.3. Mexico

7.3. Europe

7.3.1. Key market trends, growth factors, and opportunities

7.3.2. Market size and forecast

7.3.2.1. UK

7.3.2.2. Germany

7.3.2.3. France

7.3.2.4. Italy

7.3.2.5. Spain

7.3.2.6. Rest of Europe

7.4. Asia-Pacific

7.4.1. Key market trends, growth factors, and opportunities

7.4.2. Market size and forecast

7.4.2.1. China

7.4.2.2. India

7.4.2.3. Japan

7.4.2.4. Australia

7.4.2.5. South Korea

7.4.2.6. Rest of Asia-Pacific

7.5. LAMEA

7.5.1. Key market trends, growth factors, and opportunities

7.5.2. Market size and forecast

7.5.2.1. Brazil

7.5.2.2. Argentina

7.5.2.3. UAE

7.5.2.4. Rest of LAMEA

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