Global Workwear/Uniforms Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Workwear/Uniforms Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Uniforms & Workwears is defined as apparel bought by enterprises/institutions which given to their employees to perform their work. Often those employed within trade industries elect to be outfitted in Uniforms & Workwears because it is built to provide durability and safety.

In this report, some manufacturers have rental service of Uniforms & Workwears. Most of the Uniforms & Workwears for rental are self-produced. In this report, we count the production business of Uniforms & Workwears (excluding rental service).

Market Overview:

The latest research study on the global Workwear/Uniforms market finds that the global Workwear/Uniforms market reached a value of USD 94129.27 million in 2022. It’s expected that the market will achieve USD 128324.16 million by 2028, exhibiting a CAGR of 5.3% during the forecast period.

COVID-19 Impact on Global GDP

COVID-19 has not only affected the healthcare sector but also has had a major impact on the global economy as well. It has significantly affected the economy of various financial as well as industrial sectors, such as the travel and tourism, manufacturing, and aviation industries. It is predicted that the world economy will go into recession, with the loss of trillions of dollars. With an increasing number of countries imposing and extending lockdowns, economic activities are expected to further drop, which would, in turn, impact the global economy.

The International Monetary Fund (IMF) published its World Economic Outlook for 2020 and 2021 last Tuesday (April 14). Amid the Covid-19 pandemic and the world currently looking like some kind of a dystopian movie with empty streets, hundreds of millions of people in lockdown, production facilities shut down, shops shuttered, planes grounded in abandoned airports, grim prospects for the global economy have grown even darker as outlined in the IMF forecast. The IMF predicts that the global economy will be in worse shape than it was in during the Great Depression (1929-33) and the loss of output will dwarf'' that suffered in the Global Financial Crisis (GFC) of 2007-08.

The new forecast assumes that the pandemic peaking in the second quarter of this year in the most countries in the world and to be followed by a partial recovery next year from the Great Lockdown'' of 2020. But the economists at the IMF did not sound entirely convinced. IMF Chief Economist Gita Gopinath said, Much worse growth outcomes are possible, may be even likely''. In the worst-case scenario, the global economy would shrink by around 11 per cent rather than 3.0 per cent. Also, for the first time since the Great Depression both advanced and emerging market and developing economies are in recession.

The new forecast sees the global economy contracting at a 3.0 per cent annual rate this year, a 6.3 per cent fall from the forecast issued in January this year. However, the global economy will rebound by a 5.8 per cent in 2021. But even if that takes place, the recovery will only be partial'' with the level of activity that was projected for 2021 before the virus struck.

Market Growth Drivers

Increased urbanization has led to growth in the construction industry and various other end-use industries
Technological progress, fabric innovation
Development of service industry

Market Risk and Restraints

Global economic slowdown and higher unemployment rate in many countries
Raw material price fluctuations and rising labor costs
Fierce Competition

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Cintas is one of the major players operating in the Workwear/Uniforms market, holding a share of 4.40% in 2020.

Headquartered in Cincinnati, Ohio, Cintas Corporation provides highly specialized products and services to over one million customers that range from independent auto repair shops to large hotel chains.

Founded in 1899, VF is one of the world’s largest apparel, footwear and accessories companies with socially and environmentally responsible operations spanning numerous geographies, product categories and distribution channels.

VF Corporation outfits consumers around the world with its diverse portfolio of iconic outdoor and activitybased lifestyle and workwear brands, including Vans®, The North Face®, Timberland® and Dickies®.

Segmentation Overview:

Among different product types, Uniforms segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Service Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Workwear/Uniforms market covered in Chapter 3:

Johnsons Apparelmaster
UniFirst
Sioen
Aramark
Fristads Kansas Group
Cintas
Würth Modyf
Adolphe Lafont
Yihe
VF Corporation
Engelbert Strauss
Wesfarmers
Hultafors Group
Williamson Dickie
Aditya Birla
Dura-Wear
Van Puijenbroek Textiel
Jihua Group
Alsico
Carhartt
Lantian Hewu

In Chapter 4 and Chapter 14.2, on the basis of types, the Workwear/Uniforms market from 2018 to 2029 is primarily split into:

General Workwear
Corporate Workwear
Uniforms

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Workwear/Uniforms market from 2018 to 2029 covers:

Manufacturing Industry
Service Industry
Mining Industry
Agriculture&Forestry Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)