Denim Jeans Market Business Segmentation by Revenue, Present Scenario and Growth Prospects 2030
The weft is passed through two or more wrap threads to create the stiff cotton fabric that is used to make denim jeans. These pants are made from yarn that is available in the three fundamental colours of indigo, grey, and white. Because they are so comfy, denim is favoured by the vast majority of people worldwide. In addition to pants, denim is used to create a variety of other garments, such as jackets, overalls, and dresses.
Denim is a fabric created from cotton that is coarse and heavy in texture. Denim was initially developed for use in work garments before steadily gaining popularity as a fabric that is used in various forms of clothing. Denim is a necessary and stylish item in every wardrobe right now. Denim clothing production is a lucrative industry.
Due to their comfort, ease of use, and durability, denim jeans continue to be quite popular among young people. Growing consumer demand for "perfect fit" denim jeans in developed economies has prompted makers of denim jeans to create new goods. A new development among industry players in the denim jeans market is the blending of cotton and synthetic fibres to provide customers flexible jeans. Customers favour denim jeans due to their appeal, comfort, colour resistance, and moisture absorption. Rising living standards and ongoing product innovation in the industry will increase demand even further. The market is expanding as a result of rising consumer knowledge of a variety of goods, including boot cut, high rise, cropped, skinny, tapered, and normal fit jeans.
The rising desire for attractive clothing among young people is one of the key factors anticipated to fuel the expansion of the global market. The availability of denim in casual wear, as well as a wide choice of hues and tints, is another element anticipated to accelerate target market expansion. Increased understanding of current fashion trends is one of the major factors anticipated to propel the expansion of the global market. The expansion of the target market is anticipated to be aided by the emergence of more clothing retail chains and the accessibility of denim goods through online shopping. Young people's changing lifestyles and rising disposable income are fueling demand for premium designer wear denim, which is expanding the market.
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Global Denim Jeans Market- Segmental assessment
By Fitting Type
• Slim Fit
• Regular Fit
• Skinny Fit
• Relaxed Fit
The regular fit segment is poised to amass notable gains over the stipulated timeline owing to the high level of comfort provided by them.
By Price Point
By End User
By Distribution Channel
• Hypermarket and Supermarket
• Convenience Clothing Store
• Specialty Store
• Online Sales Channel
The online sales channel is anticipated to generate significant revenue over the forecast period due to the widespread internet proliferation across the globe.
Global Denim Jeans Market- Geographical Landscape
Considering the geographical frame of reference, the business vertical is fragmented into North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, North America is projected to capture a substantial revenue share over 2022-2030. This is attributable to the growing disposable income of the masses, rising fashion consciousness of the masses, and rapid increase in the working female population base.
Global Denim Jeans Market- Competitive Hierarchy
The prominent players characterizing the competitive terrain of this marketplace are Levi Strauss and Co., LVMH Moet Hennessy Louis Vuitton SE, PVH Corp., The Gap Inc., Pepe Jeans S.L., U.S. Polo Assn, Levi Strauss & Co., VF Corp., The Gap, Inc., Hennes & Mauritz AB, Kering S.A, 34 Heritage, American Eagle Outfitters Inc., BESTSELLER AS, Capri Holdings Ltd., Giorgio Armani Spa, and Kontoor Brands Inc.
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Global Denim Jeans Market: Historical Years- 2018-2021
Global Denim Jeans Market: Forecast Years- 2022-2030
Global Denim Jeans Market 2020- USD 56.2 billion
Global Denim Jeans Market CAGR- 4.2%
Global Denim Jeans Market 2030- USD 88.1 billion
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