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.
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