Research Support Specialist, USA
The global children’s blazers market size is expected to reach USD 12.9 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 3.2% from 2021 to 2028. The growth and technological developments in the textile industry and new product launches in the market are expected to propel the growth of the market. Blazer is becoming value-added apparel in developing countries, which, in turn, is driving the market.
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.
The indoor jackets type segment accounted for the largest share of over 60.0% in 2020. This can be 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 online distribution channel is forecasted to register the highest growth rate of 3.4% from 2021 to 2028. Technological advancements and developments have led to the reliance of daily activities on technology. Moreover, people are increasingly opting for easy and convenient ways. Online transaction and payment facilities are widely used for various purposes. Apparel and clothing manufacturers are witnessing a slump in sales as a result of the Covid-19 restrictions. Therefore, they are focusing on launching and expanding the online distribution network.
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.
The report “Children’s Blazers Market Size, Share & Trends Analysis Report ByType (Indoor Jackets, Blazers), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2021 - 2028” is available now to Million Insights
Million Insights has segmented the global children’s blazers market on the basis of type, distribution channel, and region:
List of Key Players of Children’s Blazers Market