The Global Market for Workwear is Projected to Exceed $48 Billion by 2022

Huge Working Age Population, Growing Female Workforce, and Fabric Innovations Drive the Workwear Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Workwear market. The global market for Workwear is projected to exceed $48 billion by 2022, driven by the huge working age population, increase in female workforce, and fabric and design advancements promising enhanced performance, style, safety, comfort, and functionality.

Workwear remains an integral requirement for people since the medieval period when man started hunting. While workwear have witnessed a noticeable evolution in the following centuries in terms of functionality, looks, designs and fabric, the requirement remains intact. Today, dress or uniform codes for workspaces and other environments are unwritten, and are generally accepted as a primary element of human appearance. Over the last decade, workwear has emerged as a vivacious industry that represents a promising and huge market. The workwear market globally continues to gain momentum owing to expansion of the foodservice industry, steady growth registered by the healthcare and social care sector, and resurgence of the construction industry along with generation of new employment opportunities in these sectors. Factors such as rural urbanization, urban expansion as well as the perennial desire among women and men to wear functional and stylish attire to work continue to promote market growth.

Driven by the huge population base of 15-59 years age group worldwide, the key buyers for almost all types of workwear, and the rising employment of female workforce and young professionals, workwear, particularly corporate wear, witnessed a shift from conventional business suits to casual corporate wear offering lucrative opportunities for market expansion. Women’s workwear has experienced a notable evolution over the last several decades supported by increased significance, power and responsibility of female employees in workplaces across the world. Other important factors promoting market penetration include rising popularity of organic workwear and the growing role of Internet and social media in influencing decision making. In addition, the significant role of safety, comfort and functionality in workwear selection is anticipated to continue driving manufacturers to focus on fabric innovation. Recent workwear innovations poised to benefit market prospects include smart uniforms, wearable technologies in workwear, and stretch fabrics, organic fabrics, anti-microbial fabrics, and fabrics with moisture management, fire-resistance, stain-free and anti-creasing properties.

As stated by the new market research report on Workwear, Europe and the United States represent leading markets worldwide supported by high levels of professionalism in the corporate sector and stringent implementation and institution of appropriate and safe dress codes in the industrial and commercial sectors. Asia-Pacific represents the fastest growing market with a CAGR of 6.4% over the analysis period led by the region’s emergence as the modern hub of labour. Other factors driving growth include stable economic growth of developing Asian economies, rising employment opportunities, growing demand for skilled workforce, increased corporate spending on employee well-being and expanding retail networks.

Key players covered in the report include Alexandra, ALSICO NV, APC Workwear, ARAMARK Corporation, Best Workwear, Carhartt, Inc., Cherokee Uniforms, Cintas Corporation, Deckers Uniforms, DKNY, Dockers, Fristads Kansas, G&K Services Inc., HaVeP, Hunter Apparel Solutions Ltd., Jermyn Street Design, JKL Clothing Ltd., Jonsson Workwear, Klopman International, Klothon, Mark’s Commercial, Aditya Birla Fashion and Retail Ltd., Provogue India Ltd., Raymond Group, S. Kumars Nationwide Ltd., Snickers Workwear, Superior Uniform Group, The Workwear Group, Tranemo Workwear Ltd.,Williamson-Dickie Mfg. Co., and Workrite Uniform Company, Inc., among others.

The research report titled “Workwear: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of current market trends, key growth drivers, mergers, acquisitions, and other strategic industry activities of major companies. The report provides market estimates and projections in dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa, and Latin America. Product segments analyzed in the report include Corporate Wear, General Wear, and Uniforms.

Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights Reserved.

Comments

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