Tag: Clothing

Synthetic Fibers Market Size Worth $88.5 Billion By 2025

The global synthetic fiber market size is expected to reach USD 88.5 billion by 2025, expanding at a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. The superior chemical, physical and mechanical properties of synthetic fibers are further expected to propel the demand over the forecast period.

In terms of revenue, polyester was the largest segment in 2016 and the trend is anticipated to continue at a growth rate of 6.3% over the forecast period. The useful chemical properties such as resistance to moisture, chemical, and abrasion are expected to boost the demand among the consumers over the forecast period. Polyester has been extensively used in clothing applications on account durability, wrinkle, and stain resistance. The polyester when mixed with other synthetic fibers improves the surface appearance as it imparts high luster.

Synthetic fiber is used in various applications, such as clothing, home furnishing, automotive, and filtration, as it imparts useful functional properties including heat and moisture resistance. The increasing spending capability of customers toward purchasing attractive clothing is expected to trigger the demand for various types of synthetic fibers. These factors together are anticipated to boost demand over the forecast period.

The demand for synthetic fiber will further be driven by the growth in clothing in developed economies including the U.S., Germany, the UK, and France. E. I. du Pont de Nemours and Company announced the addition of two new testing facilities in Brazil and Singapore to test and analyze the performance of fire protective apparels. The addition of these facilities will bring the company’s total lab count to five. Other companies in synthetic fiber business are also undergoing expansion on account of increased demand from developed economies.

Click the link below:
http://www.grandviewresearch.com/industry-analysis/synthetic-fibers-market

Further key findings from the report suggest:

  • The polyester segment is expected to experience the fastest growth, in terms of volume, at a CAGR of 5.4% from 2017 to 2025 as polyester finds application in various end-use industries such as clothing, home furnishing, automotive and filtration
  • Clothing was estimated as the largest application due to different types of segments across various geographies
  • The U.S. synthetic fiber market, in terms of revenue, was valued at USD 4,301.6 million in 2016 and is estimated to reach USD 6,776.7 million by 2025. The clothing industry in the U.S. is projected to witness the fastest growth over the next eight years owing to the increasing demand from customers
  • Key players including Toray Industries, Inc., E. I. du Pont de Nemours, and Company, Lenzing AG, Indorama Corporation, Mitsubishi Chemical Holdings Corporation, Reliance Industries Limited, and China Petroleum Corporation have a prominent presence in the global synthetic fiber market

Motorbike Riding Gear Market Worth $17.2 Billion By 2025

The global motorbike riding gear market size is expected to reach USD 17.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% over the forecast period. The global market is expected to witness significant growth due to increasing number of motorcycle as well as premium motorcycle riding enthusiasts.

Protective gear held more than 60.0% share of global revenue in 2018. It includes helmet, gloves, knee guard, elbow guard, and spine guard. Among these, helmet are widely used owing to growing awareness related to head injury among the riders. According to the National Institute of Neurological Disorders, each year, more than a million people suffer from traumatic brain injuries in U.S. Out of these, more than half of the cases are a result of motor vehicle accidents. Thus, growing awareness related to head injuries is driving the demand for protective gear over the forecast period.

The offline segment dominated the market in 2018 and is expected to maintain its lead throughout the forecast period. Growing product visibility in developing countries such as India, China, and Brazil, coupled with increasing number of retail outlets in developed countries, is expected to provide growth opportunity over the forecast period. However, sale through online channel is expected to witness the fastest growth over the forecast period. Increasing penetration of smartphones and internet in various countries is expected to fuel sale through online channel.

Asia Pacific was the largest market in 2018 owing to growing product visibility and product penetration in countries such as India, China, and Singapore. Increasing disposable income of the urban people, coupled with desire to travel and live a fulfilled life, has led to an increase in spending on motorcycle protective gear. This is expected to fuel the demand for protective motorcycling riding gear from 2019 to 2025.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/motorbike-riding-gear-market

Further key findings from the study suggest:

  • By product, clothing is expected to expand at a CAGR of 6.7% from 2019 to 2025 owing to growing penetration of premium motorcycle in developing countries
  • The online segment is expected to reach USD 1.5 billion by 2025 and is expected to witness the fastest growth over the forecast period
  • Asia Pacific motorbike riding gear market is expected to expand at a CAGR of 6.9% over the forecast period
  • Vendors are focusing on R&D to launch innovative products and expand their product line and offerings in protective motorbike riding gear market.

Cashmere Clothing Market Worth $3.50 Billion By 2025

The global cashmere clothing market size is expected to reach USD 3.50 billion by 2025 registering a CAGR of 3.96%, according to a new report by Grand View Research, Inc. Cashmere clothing products are made using Cashmere yarn. This type of wool is better than any traditional wool, in terms of quality. It is finer, softer, lighter, as well as stronger than other wool types. It also has a high moisture content and hence it is easily adjustable to different temperatures. Moreover, it helps enhance the aesthetic appeal.

These factors are expected to augment the product demand, thereby supporting market growth. Rising product popularity and demand for premium quality clothing across the globe due to increased disposable income levels and impact of social media and digital marketing will fuel the growth further. However, high production costs and limited raw material supply may hinder the market growth. Sweaters & coats, pants & trousers, and tees & polo are the major types of Cashmere clothing. These products are comparatively costly and thus are considered as luxury clothing apparels.

North America is expected to be the fastest-growing regional market from 2019 to 2025 due to increased sales of these products. Europe being the fashion hub of the world is estimated to account for the largest market share by 2025. Moreover, presence of several prominent global luxury brands in Europe will drive the regional market. Some of the key companies in this market are Loro Piana S.p.A, Ermenegildo Zegna Holditalia S.p.A., Brunello Cucinelli S.p.A., SofiaCashmere, Autumn Cashmere, Alyki – Felice De Palma & Co., and Pringle of Scotland Ltd.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/cashmere-clothing-market

Further key findings from the study suggest:

  • Sweaters & coats product type segment is projected to account for the largest share of the global Cashmere clothing market by 2025
  • Based on end user, the women segment led the global market in 2018. However, the men end-user segment is estimated to register the fastest CAGR from 2019 to 2025
  • Europe was the dominant regional market in 2018 and is projected to expand further at a steady CAGR over the forecast years
  • APAC is said to be the second fastest-growing market due to rising disposable income levels and improved standards of living in emerging countries like India, South Korea, China, and Japan

Athleisure Market Size Worth $517.5 Billion By 2025

The global athleisure market size is expected to reach USD 517.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.1% over the forest period. Increasing adoption of fashionable active wear in corporate houses and work places is expected to be a key driver. In addition, extensive brand campaigns by apparel manufacturers through the inclusion of various media and sports celebrities have changed the perception of active wear as a fashionable wear among millennial and young customers across the globe.

Premium athleisure was the largest product segment with a market share of more than 65.0% in 2018. Major manufacturers including Adidas AG;Lululemon Athletica, Inc.; Nike, Inc.; PUMA SE; and Under Armour, Inc. are collaborating with the celebrities and launching new products in order to gain maximum customers.

For instance, in March 2016, Julianne Hough signed an agreement with MPG Sport USA for promoting athleisure collection. The company collaborated with the actress for influencing the customers with a fitness freak actress. These initiatives are expected to increase the product’s visibility among buyers over the next few years.

Asia Pacific is expected to be the fastest growing region at a CAGR of 8.8% from 2019 to 2025. Over the past few years, the industry participants have adopted marketing strategies including innovative product launches, celebrity endorsements, increasing exclusive stores, and focus on e-commerce in order to cater to the increasing demand for technological advanced products in the developing countries including China and India.

For instance, in April 2018, Adidas AG announced to close their brand stores and focus on the development of e-commerce. The company has already closed around 220 stores across the globe in 2017 and is aiming to increase the revenue generated from e-commerce. These trends are expected to boost the market growth over the forecast period.

Key players include Lululemon Athletica, Inc.; Adidas AG; Nike, Inc.; PUMA SE; Under Armour, Inc.; AJIO Company; H&M; HUMAN PERFORMANCE ENGINEERING; EYSOM, LLC; and Esprit Retail B.V. & Co. KG. Product innovation is expected to remain a critical success factor among the manufacturing firms over the next few years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/athleisure-market

Further key findings from the report suggest:

  • Asia Pacific for athleisure market is expected to register the fastest CAGR of 8.8% from 2019 to 2025
  • North America was the largest market, with a share of more than 30.0% in 2018
  • Premium athleisure was the largest product segment, with a share of more than 65.0% in 2018
  • Online is expected to be the fastest growing segment at a CAGR of 8.5% from 2019 to 2025.

Ski Equipment & Gear Market Worth $1.6 Billion By 2025

The global ski equipment and gear market size is expected to reach USD 1.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.7% over the forecast period. Increasing participation in the outdoor recreational sports including skiing at a global level is expected to remain a favorable factor. Furthermore, rising importance of rental skiing as a key service offering that provides convenience, professional expert advice, and product availability at affordable prices is expected to open new avenues for the market in the near future.

Growth of the tourism industry is one of the key factors increasing ṅ the spending on skiing, which, in turn, is expected to promote the scope of various sports equipment. The World Bank Group revealed that the international tourist arrivals have increased from 1.24 billion in 2016 to 1.33 billion in 2017. Furthermore, emergence of the Indian Himalayas as a snow sports hub as a result of supportive government policies aimed at the development of hill stations, including Auli and Manali, is expected to open new industry avenues.

Product innovation is expected to remain a critical success factor over the next few years. For instance, in 2016, Scott Sports launched Walkable Ski Boot to provide the skiers optimum grip during skiing. Moreover, these boots are designed in such a way that it can be used for normal walking, thereby making them effective and comfortable in nature.

For instance, in 2018, Salmon S.A.S. launched Salomon QST 99, a lightweight ski to provide a better and smooth experience of skiing so that the customer can achieve more speed with less effort. Moreover, in 2018, Oakley Inc. launched Inferno Prizm Goggles. With this new product, the company is providing anti-fogging feature to the customers with the help of an electric heat current to clear the glasses.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/ski-equipment-gear-market

Further key findings from the report suggest:

  • By product, clothing dominated the global ski equipment & gear market with an overall share of 32.5% in 2018. Headgear is expected to expand at a CAGR of 3.3% from 2019 to 2025
  • By distribution channel, supermarkets/hypermarkets accounted for a share of 44.2% in 2018
  • North America dominated the market in 2018, accounting for 42.4% share of the global revenue
  • Key industry players include Amer Sports Oyj, Black Diamond Equipment, Ltd., Fischer Beteilgungsverwaltungs GmbH, Skis Rassignol S.A., Icelantic LLC, The Burton Corporation, Volcom LLC, and Helly Hansen.