The global women’s suits and ensembles market size was valued at USD 11.50 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% from 2022 to 2028. This can be attributed to the factors such as the increasing number of working women, rising per capita income, and purchasing power. Additionally, the rising corporate culture across the globe is contributing to the growth of this market. Moreover, apparel manufacturers adopt automatic machines to increase production and reduce the cost associated with it. Apparel manufacturers are focusing on increasing their customer base by reaching them in different ways, such as through e-commerce platforms and offering discount schemes. The women’s suits and ensembles are the set of outer apparel that is designed to be warm from various types of fabrics. Suits consist of a suit jacket and a matching pair of trousers, whereas the ensemble includes a complement of suit apparel. Suits are typically manufactured with long sleeves. Both coats and jackets have collars, lapels, and pockets. The fabric used for suits is cotton, polyester, and cellulosic. These products are available in different styles, colors, and designs for multiple usages, including casual, formal, and cocktail parties.
The governments of various countries restricted movement or restricted citizens from going out due to the COVID 19 pandemic. Various sports events, exhibitions, and other public events were canceled across the world. Moreover, the corporate office is opened with less number of employees while others are working from home. Due to this, the market experienced a shortfall in the sales of apparel due to restricted production, disturbed supply chains, and reduced demand. Considering this short slack in market revenue, it is expected that the sector will soon witness healthy growth in the upcoming years after COVID-19 restrictions.
The polyester segment dominated the market and contributed to the largest revenue share in the global market of more than 45.0% in 2021 and is expected to expand at a CAGR of 4.3% from 2022 to 2028. Polyester is a synthetic type of fiber that contains compounds of the ester functional group. This fiber is obtained from petroleum and is one of the most popular fibers in the textile industry across the globe. This fiber is a durable and relatively more economic material used for manufacturing apparel products. Consumers prefer apparel made from polyester fiber, as it is resistant to all types of environmental conditions. With all these benefits, polyester is consumed the most for making apparel in the textile industry.
The cellulosic segment is forecast to expand with the highest CAGR of 6.9% from 2022 to 2028. The cellulosic fiber was obtained after the chemical processing of cotton, inters, and wood pulp. The segment is used to create a variety of fabrics such as denim, corduroy, muslin, linen, and organza. With the increasing popularity of these fabrics among consumers, it is expected that the segment will witness momentous growth during the forecast period.
Offline distribution channels contributed to a larger market share of more than 75% in 2021. Offline channels include exclusive stores, hypermarkets and supermarkets, and retail stores. Manufacturers and marketers use the traditional retail channel for more sales. The segment comprises organized retail channels which are more customer-oriented and provide better services by selling a variety of apparel directly to the end-users. Additionally, these stores provide a choice of physical verification and trials & facility of products to the end-users, thus contributing to the market revenue.
The online distribution channel is forecast to register a CAGR of 6.2% from 2022 to 2028. Customers started using online shopping portals and mobile apps for shopping, and they are getting popular due to their simplicity and convenience. Products are available at more economical rates via online channels compared to offline. Moreover, end-users choose the most trusted shopping portals to purchase from due to the increasing penetration of the internet and smart devices. Thus, the growth of this segment is observed to be greater.
Asia Pacific is forecast to expand with the highest CAGR of 5.8% from 2022 to 2028. China and India are positively contributing to the growth of the market. With the largest growing population and increasing disposable income, the region is witnessing huge demand for apparel. Many multinational companies are expanding their foothold in this region due to low labor costs and easy availability of raw materials, which will lead to a more working population. Rising information technology is also positively contributing to the growth of the market. Thus, the region is forecast to grow with the highest CAGR during the forecast period.
Europe contributed the largest market share of more than 30% in 2021. Well-developed economic countries, such as Germany, the U.K., and France, are positively contributing to the market revenue. A financially independent population, higher per capita income, and changing fashion trends are major factors expected to impact the growth of the market in this region. Thus, this region contributes most to the market revenue.
The women’s suits & ensembles market is characterized by the presence of various well-established players and several small and medium players. Vendors are focusing on product launches to meet consumers’ expectations with changing fashion consciousness. Additionally, vendors are trying to innovate new preservative techniques to increase the durability of the product. Moreover, vendors are expanding their reach across the globe. Such initiatives are expected to boost the adoption rate of the products among consumers. Some of the prominent players in the global women’s suits and ensembles market include:
Guccio Gucci S.p.A.
Burberry Group Plc
Giorgio Armani S.p.A.
Dolce & Gabbana S.r.l.
Gianni Versace S.r.l.
Louis Vuitton, Inc.
Market size value in 2022
USD 11.87 Billion
Revenue forecast in 2028
USD 16.01 Billion
CAGR of 4.8% from 2022 to 2028
Base year for estimation
2017 - 2020
2022 - 2028
Revenue in USD Million/Billion and CAGR from 2022 to 2028
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Fiber, distribution channel, region
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa
U.S.; Germany; France, U.K.; China; India; Brazil; South Africa
Key companies profiled
Dior, CHANEL, Guccio Gucci S.p.A., PRADA, Burberry Group Plc, Giorgio Armani S.p.A., Dolce & Gabbana S.r.l., Gianni Versace S.r.l., Louis Vuitton, Inc.
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This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For this study, Grand View Research has segmented the women’s suits and ensembles market based on fiber, distribution channel, and region:
Fiber Outlook (Revenue, USD Million, 2017 - 2028)
Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)
Regional Outlook (Revenue, USD Million, 2017 - 2028)
Central & South America
Middle East & Africa
b. The global womenâ€™s suits and ensembles market size was estimated at USD 11.50 billion in 2021 and is expected to reach USD 11.87 billion in 2022.
b. The global womenâ€™s suits and ensembles market is expected to grow at a compound annual growth rate of 4.8% from 2022 to 2028 to reach USD 16.01 billion by 2028.
b. Europe dominated the womenâ€™s suits and ensembles market with a share of 32.8% in 2021. This is attributable financially independent population, higher per capita income, and changing fashion trends.
b. Some key players operating in the womenâ€™s suits and ensembles market include Dior; CHANEL; Guccio Gucci S.p.A.; PRADA; Burberry Group Plc; Giorgio Armani S.p.A.; Dolce & Gabbana S.r.l.; Gianni Versace S.r.l.; and Louis Vuitton, Inc.
b. Key factors that are driving the womenâ€™s suits and ensembles market growth include the increasing number of working women, rising per capita income and purchasing power, and rising corporate culture across the globe.
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