Mannequin Market
Growth Factors of Mannequin Market
The mannequin market size was valued at USD 5.25 billion in 2023, and the market is now projected to grow from USD 5.37 billion in 2024 to USD 7.41 billion by 2032, exhibiting a CAGR of 4.1% during the forecast period of 2024-2032.
Clothing outfits such as fashion goods stores were closed or had limited access due to the COVID-19 effects such as lock down and social spacing. The company H&M Hennes & Mauritz AB revealed that there was a 20% decrease in the company’s revenue in 2020, and dress form use was reduced due to shutting down of stores.
Promising hi-technology based mannequins available with companies such as Euveka and BONAVERI are prompting clothing retail chains to opt for visual display solutions. It also helps the expansion of the market, which is useful for the innovation. For instance, Japanese Company Speecys Corp. came to public lights in September 2019. launched a robotic mannequin called “Shiguza Robot” which holds potential to change the concept of retail advertisement.
The industry leaders are now concentrating on providing dress forms that are made from renewable resources such as wood, plant-based fibers, and bio-resins. These are the activities that are enabling the future market development to take place. For instance, Morplan from the United Kingdom launched biodegradable mannequins made of bio-resin, raffia paper and rice powder in May this year to replace fiberglass mannequins prevalent in the market.
Comprehensive Analysis of Mannequin Market
The mannequin market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by product type analysis, and by material analysis. By product type analysis include women, men, child, and others. By material analysis include fiberglass, plastic, and others.
The North America region lead the mannequin market share by benefitting a market size of USD 2.49 billion in 2023 due to the demand for sports-purpose dress forms.
The top players have a significant responsibility in the consumer goods industry for confirming industrial prospectus growth and determining the market trends. These players include, Able Art Limited, Genesis Display GmbH, Best Mannequin BV, 3S Mannequin Inc., IDW Display, EUVEKA, Abstract Mannequin, Hans Boodt Mannequin, Global Mannequin, BONAVERI, Las Vegas Mannequin these market players provide a level-playing competitive landscape.
In February 2023, MuckN Brass began selling ‘Luxe-Cycling,’ garden project-purpose mannequin legs to U.K. department stores.
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 4.1% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Product Type
- Women
- Men
- Children
- Others
By Material
- Fiberglass
- Plastic
- Others
By Region
- North America (By Product Type, Material, and Country)
- U.S. (By Product Type)
- Canada (By Product Type)
- Mexico (By Product Type)
- Europe (By Product Type, Material, and Country)
- Germany (By Product Type)
- France (By Product Type)
- Italy (By Product Type)
- Spain (By Product Type)
- U.K. (By Product Type)
- Rest of Europe (By Product Type)
- Asia Pacific (By Product Type, Material, and 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, Material, and Country)
- Brazil (By Product Type)
- Argentina (By Product Type)
- Rest of South America (By Product Type)
- Middle East and Africa (By Product Type, Material, and Country)
- UAE (By Product Type)
- South Africa (By Product Type)
- Rest of the Middle East & Africa (By Product Type)
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