The global children’s blazers market size was valued at USD 10.15 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.2% from 2021 to 2028. The market growth can be ascribed to the rising demand for children’s blazers from European countries. Increasing product customization and innovation in synthetic fiber are driving the market. Blazers are emerging as value-added apparel in Asian countries. The apparel industry is an example of a buyer-driven production chain where power asymmetries between producers and global buyers of the final products can be observed. Buyer-driven chains are led by firms involved in retail, marketing, and service activities, but they contract out the actual apparel production to foreign firms, in developing countries. The manufacturing of apparel is highly dependent on foreign investment and global trade scenarios. Furthermore, local import restraints, market access barriers, and fragmented political vision affect the market growth.
The Covid-19 pandemic caused lockdowns and restrictions imposed by governments in countries across the world. Public events and unnecessary travel were canceled. This also impacted trade and manufacturing of the apparel industry. The market for children’s blazers witnessed a decline in sales during this period. However, it is expected that the market will witness promising growth in the near future due to the relaxed Covid-19 restrictions and resuming trade and manufacturing activities.
Furthermore, the demand for special fabric technology is rising. Crease resistance fabric technology is getting popular as it enables a smart look for a longer time by crease recovery. Other fabric technologies also help to attain a waterproof and stain-resistant finish for the final products.
The offline segment held the largest revenue share of over 70.0% in 2020. The offline distribution channel includes specialty stores, superstores, departmental stores, wholesalers, and hypermarkets. These distribution channels are deep-rooted, widely used, and are the primary choice of the people for shopping. Consumers particularly in the older demographics trust traditional offline channels for shopping since physical shopping enables product authenticity and gives the opportunity to touch and feel the product. Moreover, the increasing rate of urbanization and industrialization in developing nations has led to the increased penetration of the retail sector and offline distribution network.
The online segment is expected to register the fastest CAGR of 3.4% from 2021 to 2028. Technological development has enabled the availability of smartphones and internet connection at an affordable cost for consumers from various socio-economic classes. Furthermore, the expansion of the online retail giant Amazon across different regions and the emergence of new online retailers and company-owned online shopping websites are likely to drive the online distribution channel segment in the coming years.
The indoor jackets segment accounted for the largest share of over 60.0% in 2020. This is credited to the multi-purpose characteristic of the product type. Indoor jackets can be worn indoors and outdoors as well and are an excellent choice for the chilly weather during the spring and fall seasons.
The blazers segment is estimated to register the highest CAGR of 3.4% from 2021 to 2028. Blazers are worn during special occasions, such as birthday parties, christenings, family gatherings, and other official meetings. On daily basis, blazers are worn in school. Moreover, blazers are becoming a style statement and are emerging as value-added apparel that helps to increase confidence and positive impression, mostly in Asia Pacific.
Asia Pacific accounted for the largest revenue share of over 30.0% in 2020. This is attributed to the large population of children in the region, especially in China and India. Furthermore, the region has the largest apparel manufacturing sector in the world, which leads to a shorter supply chain and easy accessibility in the region compared to the other regions. Moreover, due to economic developments in China, Japan, South Korea, and India, the demand for value-added products has increased over the past years.
Europe is anticipated to register the highest CAGR of 3.6% from 2021 to 2028. This can be credited to the rising brand and product awareness, mostly among the middle-income class. Blazers are gaining popularity and witnessing increasing demand in the region. Indoor jackets that have multi-purpose uses can also be worn to keep the body warm during the chilly weather.
Manufacturers are focusing on product innovation, development, and launch to drive brand sales by creating safe and comfortable apparel. Sustainability is one of the important factors that many manufacturers are focusing on. Companies are making use of poly-blended fabric to reduce polyester composition and recycled cellulosic fiber to manufacture biodegradable fabric in order to optimize the production process and lower the carbon footprint. Some prominent players in the global children’s blazers market include:
|
Report Attribute |
Details |
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Market size value in 2021 |
USD 10.37 billion |
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Revenue forecast in 2028 |
USD 12.90 billion |
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Growth Rate |
CAGR of 3.2% from 2021 to 2028 |
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Base year for estimation |
2020 |
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Historical data |
2017 - 2019 |
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Forecast period |
2021 - 2028 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2021 to 2028 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Type, distribution channel, region |
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Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; France; China; India; Japan; Brazil; Argentina; South Africa |
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Key companies profiled |
Zara SA; Hennes & Mauritz AB; Benetton Group; Marks & Spencer Plc.; The Children’s Place Inc.; Burberry Group Plc.; Tommy Hilfiger B.V.; Hugo Boss; Calvin Klein; Ralph Lauren Corp.; Giorgio Armani S.p.A.; Petit Bateau; Aditya Birla Fashion and Retail Limited |
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Customization scope |
Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For the purpose of this study, Million Insights has segmented the global children’s blazers market report on the basis of type, distribution channel, and region:
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