Loungewear Market Industry Overview’s shows the potential to achieve at a CAGR of 9.60 % by 2030.
Loungewear Market
Outlook
Reports
created by MRFR detail the developments in the industry that can be expected in
the market through the forecast period. Loungewear Market Size was valued at
USD 5497.9 million in 2021. The loungewear market industry is projected to grow
from USD 6025.69 million in 2022 to USD 11446.72 million by 2030, exhibiting a
compound annual growth rate (CAGR) of 9.60% during the forecast period (2022 -
2030).
The
rising inclination towards comfortable clothing items is estimated to spur the
demand for loungewear market companies
soon. Also, the surge in individuals wanting a healthier lifestyle has led them
to be more active than before and this is estimated to further favor the loungewear market size expansion.
Competitive Analysis
The increased contribution of online channels
towards the swell in transactions is predicted to further encourage the
advancement of the market in the future. The market is appraised to be
stimulated by an increased development upsurge that is bracing the contenders
who are active in the market. The competition in the market is estimated to
flare-up following the disruption created by the COVID- pandemic. The emphasis
on ensuring sustainability in long-term operations is estimated to be a key
cause for development in the
Segmental Analysis
The segmental assessment of the Loungewear Market
Research is carried out based on materials, end-user, distribution channel, and
region. The distribution channel segment of the loungewear market consists of
supermarkets & hypermarkets, specialty stores, and non-store based. The
region segment of the loungewear market consists of North America, Europe, Asia
Pacific, and the rest of the world. The material segment of the loungewear
market consists of wool, cotton, and silk. The end-user segment of the
loungewear market consists of females, males, and kids.
upcoming period. The trends in the market are estimated to bolster the
progress in the worldwide market. The government intervention in the creation
of opportunities that can incentivize the development of key regions in the
market is predicted to furth the tendency to invest and expand capacities is
estimated to create a promising scope for the market in the impending years.
The change in several regulations that are running the development of the
market is estimated to impact the innovations that can be seen in the global
market.
The distinguished contenders in the Key Loungewear Market Trends are H & M (Sweden), Hanesbrands Inc. (US),
Jockey International Inc. (US), PVH CORPORATION (US), Triumph International
Holding GmBH (Germany), Authentic Brands Group LLC (US), Marks & Spencer
Group Plc (UK), L Brands Inc. (US), Urban Outfitters (US) and Nordstrom, Inc.
(the US).
Detailed Regional Analysis
The
regional review of the loungewear
market outlook forecast consists of North America,
Europe, Asia Pacific, and the rest of the world. The North American loungewear market reported the chief
market stake in the global market in 2019 and is anticipated to display a
similar trend all through the forecast period. The vital producers are
highlighting the public events to generate a strong understanding among the
consumers concerning new product presentations, which will quicken the growth
of the North American loungewear market.
Furthermore, manufacturers are concentrating on expanding their presence to
capture the regional market in the Asia Pacific regional market for loungewear as well in the forecast period.
Industry
Updates:
Feb
2021 ThirdLove, a lingerie company has
introduced loungewear
market overview , Lounge by
ThirdLove which was formally debuted and includes camis, hats, woven shirts and
button-downs, and French terry shorts and joggers. The items range from USD 15
for hats to USD 65 for joggers and create its first major development from its
essential underwear and bras variety.
Feb
2021 Netflix’s Bridgerton has arrived at
a novel collaboration with Phenomenal, a lifestyle brand. The streaming
platform has formed a loungewear collection devoted to Bridgerton’s most iconic
quotes. Netflix hardly ever creates goods for its original shows. To create the
collection, Phenomenal collaborated with Chantal Strasburger, the designer
behind the Instagram-famous art undertaking Read Receipts.
Mar
2021 H&M has connected with poet and
writer Yrsa Daley-Ward on a loungewear set based around self-love. The nine
pieces have graphics that have quotes from the poet’s longer poems that commend
self-love and female liberation. All garments are fashioned from sustainably
sourced materials such as recycled polyamide and organic cotton.
Mar
2021 Loungewear, Hand sanitizer, and
home exercise kit have been put in the UK’s inflation basket in a review that
echoes people’s changed habits throughout lockdown. The Office for National
Statistics calculates inflation by tracking prices for a virtual shopping
basket of hundreds of goods and facilities, intended to reproduce consumers’
tastes and spending outlines, and weighted concurring to the comparative
importance of each article in a typical household’s spending. The 17 items put
in the basket in the annual review comprise the uniform of homeworkers, men’s
loungewear, hand weights, and smartwatches utilized for in-home workouts.
Contact
us:
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Research Future (part of Wantstats Research and Media Private Limited),
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Street,5Th Floor, New York, New York 10013, United States of America
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