Press release
With 5.66% CAGR, Baby Apparel Market Size to Reach US$ 95.20 Billion by 2023-2030
The global baby apparel market size was valued at USD 62.36 billion in 2022. The market is projected to grow from USD 64.64 billion in 2023 to USD 95.20 billion by 2030, exhibiting a CAGR of 5.66% during the forecast period.Smart baby clothing is experiencing increasing popularity in the market due to its capacity to effortlessly monitor the actions of infants. As an example, Nanit introduced its Breathing Wear in June 2019, featuring a fabric adorned with personalized patterns. Connected to a smartphone, these engineered patterns can be detected by the Nanit Plus camera, enabling parents to conveniently observe their baby's breathing movements.
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The market experienced negative growth during the pandemic due to strict laws on unnecessary products. For example, the Children's Place Inc., a prominent children's apparel company, experienced a decline in its overall sales revenue due to temporary store closures during the second quarter of 2020. The company was compelled to shut down approximately 98 out of its 102 stores in the first half of fiscal year 2020, which had an adverse impact on its financial performance.
The baby apparel market share will be propelled by the improved availability of apparel and accessories and the development of retail infrastructure in emerging economies. For instance, the partnership between PT Matahari Department Store Tbk and OVS, announced in March 2019 makes Matahari the sole distributor in Indonesia for OVS. The increasing popularity of social media challenges involving matching mother and baby apparel, as well as the rising trend of baby photoshoots, have contributed to the growing demand for contemporary and fashionable baby garments.
The objective of the report is to present a comprehensive analysis of the Baby Apparel Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. POSTER, SWOT, and PESTEL analyses with the potential impact of macroeconomic factors on the market have been presented in the report.
Major Market Players Profiled in the Report include:
• Carter's, Inc. (U.S.)
• Hennes & Mauritz AB (Sweden)
• Gerber Childrenswear LLC (U.S.)
• Cotton On Group (Australia)
• The Children's Place, Inc. (U.S.)
• Industria de Diseño Textil, S.A (Inditex) (Spain)
• Nike, Inc. (U.S.)
• Mothercare plc (U.K.)
• Gianni Versace S.r.l. (Italy)
• Burberry (U.K.)
Global Baby Apparel Market Segmentation:
The global market is segmented on the basis of type, application and region. Growth between market segments can help the user/investor analyze niche market growth points, go-to market strategies, and differentiate between core application areas and target markets.
Baby Apparel Market by Type:
• Top Wear
o Tops/Shirts
o Bodysuits
o Others
• Bottom Wear
o Trouser/Legging
o Skirts
o Others
• Others
Baby Apparel Market by Application:
• Girls
• Boys
The report provides precise information about each Baby Apparel market's key players and upcoming competitors. Their global standing, economic activity, plans, product launches, R&D activities, as well as SWOT analysis, revenue share, and contact information are shared in this analysis report. The business strategies of important players and recent market entrants, such as collaborations, mergers and acquisitions, joint ventures, and partnerships, are thoroughly examined.
The report reveals a growing opportunity for manufacturers who are ready to spend on developing new and innovative goods. Businesses can position themselves for success in this dynamic and ever-changing market by keeping up with the most recent trends and innovations in the sector. For better understanding, the insights in the report are presented through a graphical representation of the figures in the form of bar graphs, statistics, and pie charts.
Important Features that are under Offering Baby Apparel Market Highlights of the Reports:
⋆ Detailed Overview of this Market
⋆ Changes in industry market dynamics
⋆ Detailed market segmentation by type, application, etc.
⋆ The historical, current, and projected market size in terms of quantity and value
⋆ Recent industry trends and developments
⋆ Competition situation of this Market
⋆ Key companies and product strategies
⋆ Potential niche segment/region showing promising growth.
The Primary Objectives in This Report Are:
• To determine the size of the total market opportunity of global and key countries
• To assess the growth potential for Baby Apparel
• To forecast future growth in each product and end-use market
• To assess competitive factors affecting the marketplace
• This report profiles key players in the global Baby Apparel market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments.
• This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Scope of the Baby Apparel Market Report:
The research examines the key players in the global Baby Apparel market in detail, focusing on their market share, gross margin, net profit, sales, product portfolio, new applications, recent developments, and other factors. This study estimates the market size in terms of both values (millions of dollars) and volume (millions of units / K Units). Both top-down and bottom-up techniques were used to estimate and validate the market size of the Baby Apparel market, as well as the size of various other dependent submarkets in the overall market. To identify important market participants, secondary research was utilized, and primary and secondary research was employed to determine their market shares. All percentage share splits and breakdowns were calculated using secondary sources and verified sources.
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The final report will add the analysis of the Impact of Covid-19 in this report Baby Apparel Market.
Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Baby Apparel Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Baby Apparel Market is analyzed and depicted in the report.
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