USD 16.78 billion
Report ID:
SQMIG30L2149 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|Tables:
61
|Figures:
75
Workwear Market size was valued at USD 16.78 billion in 2022 and is poised to grow from USD 17.75 billion in 2023 to USD 27.87 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
The global market is being driven by the advancement of technology, which has led to product innovations. There is a growing demand for innovative workwear worldwide, and as a result, prominent market players have been investing in technology to meet this demand. This technology allows users to improve their mobility through the use of a stretch back layer, which is concealed. Unlike traditional outerwear garments that feature one-piece construction, workwear manufactured using Full Swing technology has panels hidden in the back that allow for stretching, while still maintaining the function and integrity of the gear. In recent years, the market has seen a rise in the popularity of wearable technology and smart materials. For instance, in December 2019, Alexandra, a leading brand in professional healthcare workwear, launched a new range of high-end polyester/cotton garments that prioritize both comfort and value. The healthcare range is manufactured by experts and meets the latest standards of compliance and performance required in the healthcare industry. In February 2020, Snickers Workwear, one of the UK's leading workwear innovators, launched a range of fully accredited protective wear for heat and flame, electrostatic, mechanical, and chemical risk environments. These garments are made from tailor-made fabrics designed to respond to risky situations, and the range now includes Class 2 and 2 hi-vis work trousers, tops, and sweatshirts.
US Workwear Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 16.78 billion
Largest Segment
General Workwear
Fastest Growth
Corporate Workwear
Growth Rate
5.8% CAGR
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Global Workwear Market is segmented by product, demographic, application, distribution channels and region. Based on product, the market can be segmented into Work Apparel (General Apparel and Protective Apparel) and Work Footwear (General Footwear and Protective Footwear). Based on demographics, the market is segmented into Men and Women. Based on application, the market is segmented into Construction, Chemical, Power, Food & Beverage, Biological & Healthcare, and Others. Based on distribution channels, the market is segmented into Online and Offline. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Workwear Market Analysis by Type
By type, the market can be segmented into general workwear and corporate workwear. General Workwear is a dominating segment in the workwear market. This segment is expected to hold the largest market share due to the increasing demand for workwear in industries such as manufacturing, construction, healthcare, and transportation. General workwear includes standard workwear items such as coveralls, jackets, pants, shirts, and vests, which are required by workers in a wide range of industries to protect themselves from hazards and to ensure comfort during long working hours. Additionally, the demand for general workwear is driven by the growth of the global industrial sector, which has increased the need for safety regulations and protective clothing for workers.
Corporate workwear is a fastest-growing segment in the global workwear market. This segment is expected to witness significant growth due to the increasing adoption of corporate workwear in various industries such as hospitality, retail, and healthcare. Corporate workwear includes formal workwear such as suits, blouses, and trousers, which are worn in offices and other corporate settings. The increasing trend of brand identity and uniformity in the corporate world is driving the demand for corporate workwear. Additionally, the increasing focus on employee safety and comfort is also driving the demand for corporate workwear. The growth of the e-commerce industry is also expected to boost the sales of corporate workwear, as more businesses are shifting to online channels for purchasing workwear.
Workwear Market Analysis by End-User
By end-user, the market can be segmented into manufacturing and construction. Manufacturing is a dominating segment in the workwear market. This segment is expected to hold the largest market share due to the increasing demand for safety workwear in industries such as automotive, aerospace, and machinery. Workers in these industries require protective workwear that is flame-resistant, chemical-resistant, and high-visibility, to ensure their safety while working in hazardous environments. Additionally, the growing focus on worker safety regulations and standards is driving the demand for safety workwear in the manufacturing sector.
Construction is a fastest-growing segment in the global workwear market. This segment is expected to witness significant growth due to the increasing demand for workwear in building and infrastructure construction. Workers in the construction industry require workwear that is comfortable, durable, and provides adequate protection from hazards. The increasing trend of sustainable and eco-friendly workwear is also driving the demand for workwear in the construction sector. Additionally, the growing demand for smart workwear that integrates technology such as sensors and wearables is expected to boost the sales of workwear in the construction sector.
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North America is considered to be one of the most dominant markets in the world, owing to its strong economic growth, high disposable incomes, and high levels of consumer spending. The North American market is dominated by the United States, which is the largest market for workwear in the region. The US workwear market is expected to continue its dominance due to the growing demand for high-quality, durable, and fashionable workwear among consumers, as well as the increasing need for safety regulations in various industries.
The APAC region is the fastest-growing market for workwear globally, due to its high population, rising urbanization, and economic growth. The APAC workwear market is expected to grow at a significant rate in the coming years, owing to the increasing demand for workwear in industries such as healthcare, construction, and manufacturing. In particular, China, India, and Japan are expected to be the key drivers of growth in the APAC workwear market, due to their large populations, rising urbanization, and the growth of various industries.
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Workwear Market Drivers
Increasing focus on workplace safety regulations
Workwear Market Restraints
Availability of low-cost alternatives
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The global workwear market is highly competitive, with the presence of a large number of local and regional players competing with established global players. The competition is based on factors such as product quality, price, design, distribution network, and customer service. To fulfil the changing expectations of consumers and gain a competitive edge in the market, manufacturers are putting their efforts into creating new and environmentally friendly products. In order to boost their client base and market share, businesses are also increasing their presence in emerging markets through strategic alliances, acquisitions, and collaborations.
Workwear Market Top Player’s Company Profiles
Workwear 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 robust Secondary Desk research.
According to our global workwear market analysis, the market is driven by the growing demand for innovative and safety-enhanced workwear products across various industries. Our analysis of the global workwear market indicates that the market is being driven by the expanding demand for workwear items that are innovative and safety-enhanced across a variety of industries. The market is extremely competitive, with numerous local and regional firms vying for market share against well-known international players. The trend towards eco-friendly and sustainable workwear items and the increased attention on workplace safety standards are the main factors driving market expansion. Top players in the market include VF Corporation, Williamson-Dickie Manufacturing Company, and Fristads AB, among others. The market is expected to continue to grow in the coming years, driven by evolving customer needs and the increasing adoption of technology in workwear products.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 16.78 billion |
Market size value in 2031 | USD 27.87 billion |
Growth Rate | 5.8% |
Base year | 2023 |
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 Workwear 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 Workwear 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 Workwear Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Workwear 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: SQMIG30L2149
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