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Loungewear Market is projected to grow at a CAGR of 9.7% within the forecast period of 2023-2030: Cognitive Market Research
Loungewear Market is projected to grow at a CAGR of 9.7% within the forecast period of 2023-2030: Cognitive Market Research
Loungewear is a category for comfortable clothing. The loungewear clothes are designed for daily use. Loungewear is designed to offer comfort and soft texture to consumers. The loungewear includes pyjamas, hoodies, t-shirts, pullovers, and others made from different fabrics, such as cotton, rayon, wool blend, and silk.
The commonly used materials for designing loungewear are cotton, and spandex blend, which is lightweight, and ideal for summer wear, Further, rayon is also commonly used for loungewear, as it offers lightweight, bouncy, and suitable for daily use.
The manufacturer invested in several fabric technologies, to offer unique loungewear. For instance, Bummer launched loungewear made from micro modal fabrics derived from beechwood trees. Thus, R&D investment in the development of fabrics technologies drives the market.
Summary:
The Global Loungewear market was valued at USD 30,699.0 Million in 2022, registering a CAGR of 9.7% for the forecast period 2023-2030.
To know more about The Loungewear Market statistics click here: https://www.cognitivemarketresearch.com/loungewear-market-report
Market Dynamics:
• Growing e-commerce platforms
The fashion industry is shifting towards online purchasing of apparel, owing to the rise in digital adoption by consumers. Consumers prefer omnichannel shopping of apparel. The consumer uses their phone in-store for research and also shops online while present in a physical location. Thus, the use of mobile applications and advancement had revolutionized the fashion industry, which changes its preference towards buying fabrics and clothing through e-commerce platforms.
After a long period of economic stagnation, the infrastructure sector has gained momentum in recent years with the announcement of new infrastructure projects such as roads, highways, ports, and airports. New government policy initiatives and budget support are also driving positive trends in the infrastructure sector. Small construction projects are driving the adoption of Loungewear's due to their efficient use in material handling and digging applications across the world. Construction and infrastructural activities involve the planning, design, and execution of various projects to develop or improve physical structures and systems in a given area. One essential piece of equipment commonly used in construction and infrastructure projects is Loungewear.
• Increase in R&D investment in sustainable-sourced fabrics for loungewear: (Access Detailed Analysis in the Full Report Version)
• Rising disposable income, and an aging population of women (Access Detailed Analysis in the Full Report Version)
Market Segmentation:
Material:
• Cotton
• Wool
• Linen
• Polyester
• Rayon
• Silk
• Others
Among materials, cotton accounted for the largest share in terms of revenue, in 2022. This is mainly due to the rising usage of organic cotton for the manufacturing of loungewear. Organic cotton is used as a sustainable fabric in pyjamas, offering soft texture, and breathability. Organic cotton also helps in reducing heat and sweating, which prevents moisture, and sweat during summer days. The loungewear is designed for offering comfort and soft texture to consumers. The company uses sustainably-sourced organic cotton fabric for loungewear, to reduce CO2 emissions, and contribute towards carbon neutrality in the environment. The loungewear brands such as H&M Group prefers the use of recycled cotton for developing loungewear products. Thus, an increase in awareness about sustainable cotton fabric and its benefits, boosts the cotton segment in the market.
End User:
• Males
• Females
• Kids
Distribution Channel:
• Online
• Offline
Get free sample pages of latest published Loungewear Market Report: https://www.cognitivemarketresearch.com/loungewear-market-report#request_sample
Competitive Analysis for Loungewear Market:
• Ralph Lauren
• H & M
• Triumph International Holding GmBH
• Urban Outfitters
• Nordstrom Inc.
• Hanesbrands Inc.
• Jockey International Inc.
• Marks & Spencer Group Plc
• PVH Corp.
• Wacoal Holdings Corp.
Company Profile
• PVH Corporation
PVH Corporation, a multinational clothing firm headquartered in New York City, has established itself as a prominent participant in the fashion industry thanks to its diverse portfolio of iconic brands. Tommy Hilfiger, Calvin Klein, and Heritage Brands are the company's core business segments. Tommy Hilfiger, noted for his preppy and traditional American design, sells clothing, accessories, eyewear, watches, and home furnishings. Calvin Klein, on the other hand, is known for its modern and minimalist look, offering stylish clothing and accessories that appeal to modern consumers. Van Heusen, IZOD, ARROW, Warner's, and Olga are among PVH's Heritage Brands, which appeal to different market segments with their distinct styles and services. PVH Corporation has a global presence in North America, Europe, Asia, and Australia.
Industry News:
• September 2022
Warners introduces All-New Wireless Strapless Bra
From its bestselling Easy Does It collection, the brand has released its first-ever wireless, Easy Size strapless bra. The Easy Does It Wireless Strapless Bra (RY0161A), made of soft, breathable cotton and available in sizes S-XL, stays up and stays hidden beneath any outfit-without wires. With detachable, convertible straps, the adaptable style may be worn four ways: strapless, racerback, halter, or over the shoulder. It's a classic for every woman's top drawer, with a silicone-free back that won't slip, and it's reaching shops just in time for sleeveless spring and summer outfits.
• May 2023
Calvin Klein introduces Jennie for Calvin Klein
Calvin Klein today announces Jennie for Calvin Klein which is a limited-edition capsule collection in partnership with Jennie Kim. The collection includes underwear sets, denim, tees, fleece, and knits
• June 2023
Warners introduces All-New Wireless Strapless Bra
From its bestselling Easy Does It collection, the brand has released its first-ever wireless, Easy Size strapless bra. The Easy Does It Wireless Strapless Bra (RY0161A), made of soft, breathable cotton and available in sizes S-XL, stays up and stays hidden beneath any outfit-without wires. With detachable, convertible straps, the adaptable style may be worn four ways: strapless, racerback, halter, or over the shoulder. It's a classic for every woman's top drawer, with a silicone-free back that won't slip, and it's reaching shops just in time for sleeveless spring and summer outfits.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research Methodology Review Complete Research Methodology
Chapter 3 Executive Summary of Loungewear Market
• 3.1 Global Loungewear Market Size 2018 - 2030, (USD Million)
• 3.2 Global Loungewear Value, Absolute & Opportunity Analysis
• 3.3 Global Loungewear Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Loungewear Market Statistics 2022: Snapshot
Chapter 4 Global Loungewear Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
• 5.1 Global Loungewear Market Revenue and Share by Manufacturers (2018-2022)
• 5.2 Global Loungewear Industry Mergers and Acquisition Analysis
• 5.3 Global Loungewear New Launches Analysis
• 5.4 Company Categorization
• 5.5 Global Loungewear Top Winning Strategies, by Manufacturers (2018-2022)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Loungewear Market by Material Segmentation Analysis (2018-2030)
Chapter 10 Global Loungewear Market by End User Segmentation Analysis (2018-2030)
Chapter 11 Global Loungewear Market by Distribution Channel Segmentation Analysis (2018-2030)
Chapter 12 Global Loungewear Market Regional Analysis
Chapter 13 North America Loungewear Market Outlook (2018 - 2030)
Chapter 14 Europe Loungewear Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Loungewear Market Outlook (2018 - 2030)
Chapter 16 Latin America Loungewear Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Loungewear Market Outlook (2018 - 2030)
Chapter 18 Research Findings
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To know more the Loungewear Market TOC click here: https://www.cognitivemarketresearch.com/loungewear-market-report#table_of_contents
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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