USD 113.12 Billion
Report ID:
SQMIG25K2051 |
Region:
Global |
Published Date: July, 2024
Pages:
223
|Tables:
61
|Figures:
75
Global Women’s T-shirts Market size was valued at USD 113.12 Billion in 2022 and is poised to grow from USD 120.02 Billion in 2023 to USD 192.74 Billion by 2031, at a CAGR of 6.10% during the forecast period (2024-2031).
This increase can be ascribed to elements like being simple to wear, more comfortable, and appropriate for all seasons. The expansion of this market is also being aided by increasing purchasing power and per capita income, as well as shifting global fashion trends. Additionally, to enhance productivity and lower costs, clothes makers use automatic machinery.
T-shirts are constructed of many materials, including cotton, polyester, and cellulosic, and are worn to cover the top torso. T-shirts come in a variety of sleeve lengths, necklines, colors, and designs to suit diverse tastes in comfort and fashion. T-shirt designs are also used to promote businesses and special occasions. The tools are intended to promote team spirit by fostering emotional relationships. As a result, the team becomes more cohesive and motivated to work together to reach their objectives.
A number of governments restricted travel or advised citizens to stay at home as a precaution as a result of the COVID-19 epidemic and the lockdown situation. Due to pandemic restrictions, residents stayed inside. T-shirt demand exists, but because of limited manufacturing and disrupted supply chains, producers are unable to meet demand. As a result, there was a decline in the market's garment sales. After COVID-19 limits, it is anticipated that the industry would shortly experience significant growth due to the short revenue slack in the market.
US Women’s T-shirts Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 113.12 Billion
Largest Segment
Offline
Fastest Growth
Offline
Growth Rate
6.10% CAGR
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Global Women’s T-shirts Market is segmented based on Fiber, Distribution Channel and region. Based on Fiber the market is segmented into Cotton, Polyester, Cellulosic and Others. Based on Distribution Channel the Women’s T-shirts Market is segmented into Online and Offline. Based on region the global Women’s T-shirts Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Women’s T-shirts Market Analysis by Product
The market has been dominated by the polyester category, which in 2021 had a revenue share of more than 50.0% globally and is expected to grow at a CAGR of 5.5%. A synthetic fiber known as polyester includes substances with the ester functional group. This fiber, which is made from petroleum, is one of the most widely used in the global textile industry. This fiber is a tough and generally more affordable material used to make garments. Due to its resistance to a variety of external factors, consumers prefer clothing made of polyester fiber. In the textile sector, polyester is used the most frequently to make clothing due to all these advantages.
The greatest CAGR of 8.4% is anticipated for the cellulosic segment. After cotton, jute, and wood pulp were chemically processed, cellulosic fiber was produced. A number of fabrics, including denim, corduroy, muslin, linen, and organza, are made using the segment. Because these textiles are becoming more and more popular with consumers, it is anticipated that the segment would experience tremendous growth over the period of forecasting.
Women’s T-shirts Market Analysis by Distribution Channel
A bigger market share of more than 75% from offline distribution channels was achieved in 2021. Retail stores, supermarkets, and hypermarkets are examples of offline channels. For greater sales, producers and marketers employ the conventional retail channel. The market segment consists of organized retail channels that are more customer-focused and offer superior services by selling a selection of apparel to end-users directly. Additionally, these shops offer the end-users a selection of physical product testing, trials, and facilities, that increases market income.
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The highest CAGR of 7.2% is anticipated for Asia Pacific. India and China have helped the market expand in a favorable light. The region is seeing a high demand for clothing due to the fastest-growing population and rising disposable income. Due to low labor costs and easy access to raw resources, many multinational corporations are establishing new operations in this region, which will result in an increase in the number of workers. Rising information technology is also helping the market expand favorably. Therefore, during the projection period, the area is expected to expand with the greatest CAGR.
Europe holds the largest market share of almost 30% in 2021. Economically developed nations like Germany, the United Kingdom, and France are assisting in boosting market income. This region's market growth is expected to be influenced by a population that is more financially independent, shifting fashion trends and a higher per capita income. As a result, this sector generates the greatest amount of market revenue.
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Women’s T-shirts Market Drivers
Growing Demand for Comfortable Clothing to Bolster Demand
Women’s T-shirts Market Restraints
Players might Face High Competition
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The market for women's T-shirts is characterized by the existence of numerous well-established players as well as numerous small and medium-sized businesses. Vendors are putting a lot of effort into new product introductions to keep up with consumers' evolving expectations around fashion. Vendors are additionally extending their global reach. These programmers should increase the rate at which consumers accept the products.
Women’s T-shirts Market Top Player’s Company Profiles
Women’s T-shirts Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Women’s T-shirts market is This increase can be ascribed to elements like being simple to wear, more comfortable, and appropriate for all seasons. The expansion of this market is also being aided by increasing purchasing power and per capita income, as well as shifting global fashion trends. Additionally, to enhance productivity and lower costs, clothes makers use automatic machinery. Women's T-shirts have become a staple in their wardrobes, especially for casual and comfortable wear. This demand is driven by the increasing number of women who prefer comfortable clothing that can be worn both indoors and outdoors. The women's T-shirt market is highly competitive, with many established players as well as new entrants trying to capture market share. This competition can make it challenging for new entrants to gain a foothold in the market. There is a growing demand for sustainable and eco-friendly T-shirts made from organic cotton, recycled polyester, and other environmentally friendly materials.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 113.12 Billion |
Market size value in 2031 | USD 192.74 Billion |
Growth Rate | 6.10% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Women’s T-shirts Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Women’s T-shirts Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Women’s T-shirts Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Women’s T-shirts Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25K2051
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