17 December 2021, Mumbai:
The Children's Wear Market is segmented by Product Category (Apparel, Footwear, and Other Product Categories), Distribution Channel (Offline Retail Stores and Online Retail Stores), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
Market Overview
The children's wear market is projected to register a CAGR of 8.76% during the forecast period 2021 -2026.
The apparel market, along with the children's wear market, witnessed a significant decline in the global market due to the closure of factories and retailing sectors caused by the COVID-19 pandemic. Additionally, the cancelation of public events further majorly hit the market growth. However, the online retailing channel becomes the only support to the market studied.
The children’s wear market is one of the most lucrative segments in the apparel industry. The market is expected to overtake both men’s wear and women’s wear, in terms of growth in retail value, as a combination of demographic, macroeconomic, and social trends, which are supported by sales in the category.
Moreover, an increase in disposable income and a growing working population are some of the key factors driving the market's growth. This, in turn, is expected to propel the growth of the apparel market over the prospective period. Increasing product customization, innovation, affordable pricing of children's apparel and footwear products are driving market growth across the world.
The growing influence of social media and celebrities on children and their parents has encouraged the children’s apparel industry to evolve with changing trends. For instance, in 2017, Boots Mini Club collaborated with British television celebrity Fearne Cotton in the United Kingdom to introduce new children’s apparel line.
Scope of the Report
Children's wear is often more casual than adult clothing, specially designed in such as manner that it is fit for play and rest. Cotton and hosiery are the commonly used fabrics for kid's clothing. The childrenswear market is segmented by product category and distribution channel.
Based on the product category, the market is segmented into apparel, footwear, others. Based on the distribution channel, the market is segmented into offline retail stores and online retail stores.
Based on geography, the study provides an analysis of the childrenswear market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
Mordor Intelligence (The news article has not been edited by DFU Publications staff)
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