DUBLIN, February 01, 2022–(BUSINESS WIRE)–The “Denim Jeans – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.
Global denim jeans market to reach US$76.1 billion by 2026
The global jeans market, estimated at US$57.3 billion in 2020, is expected to reach a revised size of US$76.1 billion by 2026, growing at a CAGR of 4.8% over the period analysis.
Growing interest in a casual look is fueling sales in the market. Growing number of women joining the workforce, rapid urbanization rates, westernization of lifestyles in emerging economies, and rising fashion awareness are factors propelling the growth of the global jeans market in denim. The recent popularity of colored denims and the launch of new styles have expanded the range of products available in this category.
Moreover, jeans are also considered ideal for various special occasions, apart from casual wear, including formal wear as workwear. All of these factors are contributing to both the growth and renewed interest in the category. The growing penetration of casual wear in the workplace, coupled with rising employment of the younger generation, bodes well for the global denim wear market. The market is further propelled by the growth of premium denim jeans segment. Aggressive promotions of innovatively styled denim garments are further driving the growth of the jeans segment.
Offline, one of the segments analyzed in the report, is expected to grow at a CAGR of 3.7% to reach US$60.8 billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the online segment is readjusted to a revised CAGR of 9.2% for the next 7-year period. This segment currently accounts for a 17.7% share of the global denim jeans market.
The popularity of online sales channels is boosted by an increasing number of consumers using the internet to browse various websites and indulge in online shopping. In addition, the ability of online stores to offer products at lower prices compared to the physical formats of these stores, as well as the elimination of the obligation to face queues and crowds, push consumers towards the online retail shopping.
Offering a wide range of brands, specialty stores attract customers using strategic marketing initiatives as well as merchandising.
The US market is estimated at $15.1 billion in 2021, while China is expected to reach $15.5 billion by 2026
The denim jeans market in the United States is estimated to be worth US$15.1 billion in 2021. The country currently accounts for a 24.6% share of the global market. China, the world’s second largest economy, is expected to reach an estimated market size of US$15.5 billion in 2026, growing at a CAGR of 7.2% over the analysis period. Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 2.6% and 4% respectively over the analysis period.
In Europe, Germany is expected to grow at a CAGR of around 3%, while the rest of the European market (as defined in the study) will reach US$4.6 billion by the end of the forecast period. ‘to analyse. The United States is the largest consumer of denim jeans in the world and has the largest consumer of jeans per capita in the world. Rising levels of disposable income, greater fashion awareness and shift towards casual dress in the workplace are some of the major factors driving the demand for denim jeans in these regions.
Much of the future growth in the denim jeans market is expected to come from developing countries such as China, India, South Korea, Brazil, Mexico, Turkey, UAE, and Arabia Saudi Arabia, among others. Factors such as the influence of westernization and urbanization, increase in the number of women joining the workforce, and rising fashion awareness among consumers are expected to propel the growth of the global denim jeans market .
Main topics covered:
I. METHODOLOGY
II. ABSTRACT
1. MARKET OVERVIEW
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Impact of the COVID-19 pandemic and looming global recession: 2020 marked as a year of disruption and transformation
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As the race between the virus and vaccines heats up, where is the global economy headed in 2021?
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Pandemic and growing demand for comfortable jeans
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Focus on sustainability on the rise
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Creative Business Models Emerge, Functional Fabrics See Growing Adoption
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Denim fabrics: an introduction
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Denim jeans: the main application of denim
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History of denim jeans
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Global Market Outlook and Prospects
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While developed regions remain major sources of revenue, developing regions emerge as hotspots for future growth
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An overview of the denim jeans production landscape
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China: first denim weaver
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India is emerging as an important denim resource for global giants
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Bangladesh seeks to play a bigger role in the production of denim jeans
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Increase the durability of denim
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Competitive landscape
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The global denim jeans market ranked by most popular jeans available
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Leading brands in selected markets around the world
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A Note on Major Denim Jeans Retailers
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Recent market activity
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Global brands
2. FOCUS ON SELECT PLAYERS (Total 166 Featured)
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7 For All Humanity
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Aarvee Denims & Exports Ltd.
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Arvind Limited
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Black Peony (Group) Co., Ltd.
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Diesel SpA
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Edwin Co.Ltd.
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Gap inc.
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Inditex
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Levi Strauss & Co.
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Mavi Jeans
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Nien Hsing Textile Co. Ltd.
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Middle Anatolia
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Pepe Jeans London
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Raymond Group
3. MARKET TRENDS AND DRIVERS
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Demographic trends are creating a fertile environment for the long-term growth of the denim jeans market
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World population growth
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Urban sprawl
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Growing affluence of middle class population
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Large base of millennials
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Increase in the standard of living
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Latest denim jeans trends based on demographics
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Garment Industry Momentum Supports Considerable Expansion of Denim Jeans Market
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The global textile and apparel industry and the impact of COVID-19
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Abundance of cotton, the main raw material of denim, is accelerating market growth
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Consumption to remain stable
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What are the trendy denim jeans styles?
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Sustained image of denim as an expression of unique personal style maintains growth momentum
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Street fashions and celebrity styles influence denim consumption
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Growing fashion awareness among women bodes well
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Denim vs. sweatpants: Year 2000 themes impacted the market
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Denim jeans make their way into work/corporate wear
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Functional denim: the next big thing
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Distressed Jeans and Jeggings Now in Vogue
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Skinny vs Boyfriend – Best Selling Styles
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Short-term outlook for high-end denim jeans remains gloomy
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Competition in the premium denim jeans market
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Acid washes on denim jeans are gaining popularity
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The hunt for the right fit continues
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Size Based Denim Trends
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Jeans manufacturing: a major negative influence on the environment
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Denim Jeans, an undesirable investment for climate change
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Eco-conscious consumers are turning to natural, organic and sustainable denims
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Bioindigo: a greener way to dye jeans
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Hemp jeans appear as a lighter and more durable alternative
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Recycled cotton: a major step towards sustainability
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Recognizing “green” and “sustainability” trends, denim manufacturers are emphasizing environmentally friendly production
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Rising online clothing sales drive up market revenue
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Growing Prospects of E-Commerce
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The pandemic is accelerating the growth of e-commerce
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Offline distribution channels remain the main revenue generators
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Specialty stores continue to dominate women’s jeans sales
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Innovations drive market dynamism
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A review of some denim innovations
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Key innovations in the global denim industry
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New models and innovations in the preparation of denim fabric
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Emerging innovations in the denim and jeans market
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Innovative trends critical to market performance in the premium segment
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Issues and Challenges
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The denim jeans market faces the threat of substitutes
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The athleisure trend continues to disrupt the denim market
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Disorganized production and retail understate overall revenue
4. GLOBAL MARKET OUTLOOK
III. REGIONAL MARKET ANALYSIS
IV. COMPETETION
For more information about this report visit https://www.researchandmarkets.com/r/914a2c
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220201006126/en/
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