Children`s Wear

Children`s Wear

Global Children`s Wear Market to Reach US$343.6 Billion by 2030

The global market for Children`s Wear estimated at US$245.5 Billion in the year 2023, is expected to reach US$343.6 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2023-2030. Girls Wear, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$140.6 Billion by the end of the analysis period. Growth in the Boys Wear segment is estimated at 4.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$66.3 Billion While China is Forecast to Grow at 8.2% CAGR

The Children`s Wear market in the U.S. is estimated at US$66.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$74.1 Billion by the year 2030 trailing a CAGR of 8.2% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.5% and 4.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.2% CAGR.

Children`s Wear   - Key Trends and Drivers

The children`s wear market is a dynamic segment within the apparel industry, characterized by its resilience and capacity for rapid growth. Influenced by factors such as demographic shifts, changes in consumer behavior, and technological advancements, this market segment presents unique opportunities and challenges for brands and retailers. Understanding the drivers and trends shaping this industry is essential for stakeholders looking to capitalize on its potential. At present, the children`s wear market is vibrant with innovation, creativity, and a touch of nostalgia, making it an exciting time for young fashion enthusiasts and their parents. Children`s fashion is becoming more influenced by adult fashion trends, driven by parents` desires to dress their children in stylish, trendy outfits that reflect their own tastes. This has led to a surge in demand for mini-me clothing and designer children`s wear. Brand loyalty also plays a significant role, with reputable brands seeing repeat purchases as trust and quality drive consumer preference.

Major drivers of growth in the children`s wear market include the influence of fashion trends, brand loyalty, social media, sustainability, and technological advancements. The global birth rate and rising household incomes in developing economies contribute to increased demand for children`s apparel, prioritizing quality and brand reputation. Moreover, the drive towards sustainability prompts innovation in materials and manufacturing processes, while technological advancements enhance the shopping experience through AR fitting rooms and personalized e-commerce platforms.

Gender-neutral clothing, customization, and personalization are emerging trends in children`s wear, reflecting societal shifts towards inclusivity and individuality. Brands are moving away from traditional gender-specific designs, offering versatile options that promote self-expression without boundaries. Customized and personalized clothing options allow parents and children to create unique garments, enhancing both style and personal connection to the clothing.

Select Competitors (Total 209 Featured) -

• Benetton Group S.p.A.
• Carter`s Inc.
• Esprit Holdings Limited
• Fruit of the Loom Inc.
• Gap Inc.
• Global Brands Group Holding Limited
• Hanesbrands, Inc.
• J.C. Penney Company Inc.
• Kellwood Company LLC
• KMART
• Kohls Corporation
• Macy`s Inc.
• Marks & Spencer
• Mothercare Group
• OshKosh B`gosh Inc.
• Sears Holdings Corp.
• Target Corp.
• The Children`s Place Retail Stores
• VF Corporation

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