Western Wear Market Growing at a CAGR of 4.8% - In -Depth Analysis of Top Impacting Factors with Leading Players Benetton Group S.r.l., Diesel S.p.A., The Gap Inc., Aditya Birla Fashion and Retail Ltd. Bestseller, Forever21, Inc., Marks and Spencer plc.,

Despite the slow growth rate against casual wear, formal wear has loyal consumer group. On a macro-level, most of the business leaders and corporates still follow business attire, thus preferring formal wear on special occasion and events. However, the casual wear segment is expected to gain traction over the forecast period.

Western Wear Market by Type, Distribution Channel, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global western wear market size was $71,132 million in 2016, and is expected to reach $ 99,423 million by 2023, registering a CAGR of 4.8% from 2017 to 2023. Europe dominated the global western wear market in 2016, accounting for three-sevenths share of the total revenue.

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Factors such as growth of the population and e-retail industry, increase in disposable income of consumers, and surge in fashion consciousness among end users have a positive impact on the global western wear industry. Earlier, western wear was restricted in metropolitan regions only; however, owing to rapid globalization, increased brand awareness, and larger consumer group, the demand is increasing across all regions. Social media trends primarily drive the global western wear market, as this form of media is used by the young fashion-conscious individuals. Fluctuations in western wear trends are caused by celebrities, fashion bloggers, and channels on social media, which act as trend setters.

However, high cost of branded clothes, dynamic fashion trends, and unavailability of raw materials are expected to restrain growth of the western wear market. Nonetheless, casual wear is gaining traction among consumers, presenting major opportunities for market expansion. Online platforms are preferred to purchase western wear, as they provide attractive offers and vast availability of apparels. In addition, quick delivery service and flexible return policies offered by online sites propel sales through this platform.

The report segments the global western market on the basis of type, distribution channel, end user, and geography. Based on type, the market is bifurcated into formal and casual. On the basis of distribution channel, it is divided into online platforms, specialty stores, supermarkets, hypermarkets, and brand outlets. End users of western wear include men, women, and kids. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The formal wear segment dominated the global market in 2017, in terms of revenue. However, the casual wear segment is expected to witness a significant growth rate during the forecast period. At present, the demand for chinos, brightly colored trousers, and fashionable shirts is outpacing sales of formal shirts and trousers, partly due to preference of semi-formal apparel at work.

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Based on end user, the men segment is progressing at a rapid growth rate than the women segment. Fashion designers have always been experimenting with women’s fashion in terms of material, design, and pallet. Thus, the women segment has dominated not only the global fashion market, but also the western wear market.

Asian countries, such as China and India, possess a large number of youth population. This fashion-conscious population is expected to lead to surge in demand for western wear. Formal western wear is mandatory for employees in numerous organizations located in this region; however, few organizations have shown acceptance of casual western wear. Exponential growth in the number of potential buyers in India is expected to drive the market growth.

Major players operating in the global western wear market are Benetton Group S.r.l., Diesel S.p.A., The Gap Inc., Aditya Birla Fashion and Retail Ltd. Bestseller, Forever21, Inc., Marks and Spencer plc., Hennes & Mauritz AB, MANGO, and Inditex SA.

LIST OF TABLES

TABLE 01. GLOBAL WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 02. CASUAL WESTERN WEAR MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 03. FORMAL WESTERN WEAR MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 04. GLOBAL WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 05. WESTERN WEAR MARKET FOR ONLINE PLATFORMS, BY REGION, 2016-2023 ($MILLION)
TABLE 06. WESTERN WEAR MARKET FOR SPECIALTY STORES, BY REGION, 2016-2023 ($MILLION)
TABLE 07. WESTERN WEAR MARKET FOR SUPERMARKETS, BY REGION, 2016-2023 ($MILLION)
TABLE 08. WESTERN WEAR MARKET FOR HYPERMARKETS, BY REGION, 2016-2023 ($MILLION)
TABLE 09. WESTERN WEAR MARKET FOR BRAND OUTLETS, BY REGION, 2016-2023 ($MILLION)
TABLE 10. GLOBAL WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 11. MEN WESTERN WEAR MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 12. WOMEN WESTERN WEAR MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 13. KIDS WESTERN WEAR MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 14. WESTERN WEAR MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 15. NORTH AMERICA WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 16. NORTH AMERICA WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 17. NORTH AMERICA WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 18. NORTH AMERICA WESTERN WEAR MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 19. US WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 20. U.S. WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 21. U.S. WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 22. CANADAWESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 23. CANADA WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 24. CANADA WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 25. MEXICO WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 26. MEXICO WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 27. MEXICO WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 28. EUROPE WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 29. EUROPE WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 30. EUROPE WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 31. EUROPE WESTERN WEAR MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 32. UK WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 33. UK WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 34. UK WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 35. GERMANY WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 36. GERMANY WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 37. GERMANY WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 38. FRANCE WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 39. FRANCE WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 40. FRANCE WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 41. ITALY WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 42. ITALY WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 43. ITALY WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 44. SPAIN WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 45. SPAIN WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 46. SPAIN WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 47. REST OF EUROPE WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 48. REST OF EUROPE WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 49. REST OF EUROPE WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 50. ASIA-PACIFIC WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 51. ASIA-PACIFIC WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 52. ASIA-PACIFIC WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 53. ASIA-PACIFIC WESTERN WEAR MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 54. CHINA WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 55. CHINA WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 56. CHINA WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 57. INDIA WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 58. INDIA WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 59. INDIA WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 60. JAPAN WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 61. JAPAN WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 62. JAPAN WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 63. AUSTRALIA WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 64. AUSTRALIA WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 65. AUSTRALIA WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 66. SOUTH KOREA WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 67. SOUTH KOREA WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 68. SOUTH KOREA WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 69. REST OF ASIA-PACIFIC WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 70. REST OF ASIA-PACIFIC WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 71. REST OF ASIA-PACIFIC WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 72. LAMEA WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 73. LAMEA WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 74. LAMEA WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 75. LAMEA WESTERN WEAR MARKET, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 76. BRAZIL WESTERN WEAR MARKET, BY TYPE, 2016-2023 ($MILLION)
TABLE 77. BRAZIL WESTERN WEAR MARKET, BY DISTRIBUTION CHANNEL, 2016-2023 ($MILLION)
TABLE 78. BRAZIL WESTERN WEAR MARKET, BY END USER, 2016-2023 ($MILLION)

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