Kids Apparel Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Kids Apparel Market
The kids apparel market size was valued at USD 198.80 billion in 2023, and the market is now projected to grow from USD 211.57 billion in 2024 to USD 366.72 billion by 2032, exhibiting a CAGR of 7.12% during the forecast period of 2024-2032.
Major effects on market growth were caused by the COVID-19 pandemic. A lack of workers and a decline in the market for clothing prompted several lockdowns implemented globally, forcing manufacturers to shut down their operations.The product revenues of important corporations were greatly affected by this. Due to the closing of hypermarkets, fashion boutiques, and specialized shops, lockdowns also had a severe effect on the sales of children's clothes. These factors affected the kids apparel market growth.
Parents are increasing their expenditure and spending also accounting the overall expenses on children's clothes as a result of the rising number of births in the world and the increased demand for kids clothing which has also resulted in the kids walking hand-in-hand with fashion unlike the past generations. These particular growth driving factors have been recorded to attribute the kids apparel marketshare. The market has grown as a result of the notable success made in lowering child mortality.
Social media platforms are used by parents in developed and developing nations to share photos of themselves and their kids dressed alike. Major labels like Dolce & Gabbana, who produced tiny and age-appropriate versions of adult apparel, served as the inspiration for this trend. The practice of partnering with kids has become incredibly popular in the marketplace.
Comprehensive Analysis of Kids Apparel Market
The market is divided into formal, semi-formal, and informal segments based on the type of goods. The market is divided into male and female segments based on the end-user. The market is divided into three age groups: under five years, five to ten years, and over ten years. The market is divided into offline and online segments according to the distribution channel.
Due to the rise in the number of newborns, the rise in disposable money, and the advancement of childcare in both urban and rural regions, particularly in emerging nations. Because of the region's strong economic growth and rising household incomes, consumer expenditure on children's apparel and footwear is predicted to rise in Asia. This region has shown commendable growth over the past few years and will continue to surprise us its bar chart revenue is going off the charts. Asia Pacific is expected to be the leading region of this particular product market and is anticipated to to grow over the forecasted period and also will continue to hold the largest market share.
Moderate market fragmentation exists. In addition to spending money on R&D to manufacture items, these businesses have large production capacities. Carter’s, Inc. (U.S.), The Children's Place, Inc. (U.S.), Nike, Inc. (U.S.), Gianni Versace S.r.l. (Italy), and Industria de Diseño Textil, S.A. (Inditex) (Spain) are a few of the leading industry participants.
In February 2023, The new line is made from repurposed bottles and a substitute for leather made from cacti. The first stand-alone kidswear line from H&M's innovation storytelling project, ""Imagine That,"" debuted.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.12% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Product Type
- Formal
- Casual
- Semi-formal
By End-User
- Boys
- Girls
By Age Group
- Below 5 Years
- 5-10 Years
- Above 10 Years
By Distribution Channel
- Offline
- Online
By Region
- North America (By Product Type, End-User, Age Group, Distribution Channel and by Country)
U.S. (By Product Type)
Canada (By Product Type)
Mexico (By Product Type)
- Europe (By Product Type, End-User, Age Group, Distribution Channel and by Country)
Germany (By Product Type)
U.K. (By Product Type)
France (By Product Type)
Italy (By Product Type)
Spain (By Product Type)
Rest of Europe (By Product Type)
- Asia Pacific (By Product Type, End-User, Age Group, Distribution Channel and by Country)
China (By Product Type)
India (By Product Type)
Japan (By Product Type)
Australia (By Product Type)
Rest of Asia Pacific (By Product Type)
- South America (By Product Type, End-User, Age Group, Distribution Channel and by Country)
Brazil (By Product Type)
Argentina (By Product Type)
Rest of South America (By Product Type)
- Middle East and Africa (By Product Type, End-User, Age Group, Distribution Channel and by Country)
UAE (By Product Type)
South Africa (By Product Type)
Rest of Middle East & Africa (By Product Type)
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