Research Support Specialist, USA
The global women’s other apparel market size is expected to reach USD 160.14 billion by 2028, according to a new report by Million Insights. The market is expected to expand at a CAGR of 5.5% from 2021 to 2028. Other apparel such as gloves, shawls, scarfs, hats, caps, and other accessories protect the body from UV rays, cold, insects, viruses, and bacteria, which drives the apparel market. Moreover, manufacturers are adopting automatic machines to increase production and at the same time reducing the cost associated. They are also focusing on expanding their customer base by offering discounts and reaching them via different ways, such as e-commerce platforms.
The others fiber segment is estimated to expand at the second-highest CAGR from 2021 to 2028. The others segment includes nylon, wool, acrylic, silk, fur, leather, and velvet. These fibers are obtained naturally or after the chemical processing of cotton linters and wood pulp. These fibers are used for manufacturing other apparel products, which protect the human body from damage. It is expected that the demand for these fibers will witness momentous growth over the forecast period.
The shawls and scarves product segment held the largest share of more than 40.0% in 2020. Shawls and scarves are a square/rectangular/triangular piece of fiber that is used to wrap around the body to protect from cold and maintain body temperature. Additionally, shawls and scarves are used for decorative and religious purposes. These products are used mainly in the winter season. Thus, the segment contributes more to the market revenue.
The online distribution channel is projected to register the highest CAGR of 6.7% from 2021 to 2028. The use of online shopping portals and mobile apps is getting popular among consumers for shopping due to the simplicity and convenience associated. Products are available at economic rates via online channels compared to offline channels. Moreover, end users choose the most believed shopping portals or mobile apps to purchase. Thus, the growth of this segment is observed to be more.
Asia Pacific is likely to expand at the highest CAGR of 6.6% from 2021 to 2028. China and India are positively contributing to the growth of the regional market. With a growing population, an increasing number of working women, and changing fashion trends, the region is witnessing high demand for apparel. Many multinational companies are expanding in this region due to the low labor cost and the easy availability of raw materials, resulting in low manufacturing costs.
The report “Women’s Other Apparel Market Size, Share & Trends Analysis Report By Fiber (Polyester, Cotton, Cellulosic), By Product (Shawls & Scarves, Hats & Caps, Gloves), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2021 - 2028” is available now to Million Insights.
Million Insights has segmented the global women’s other apparel market on the basis of fiber, product, distribution channel, and region: