GVR Report cover Women's Suits And Ensembles Market Size, Share & Trends Report

Women's Suits And Ensembles Market Size, Share & Trends Analysis Report By Fiber (Cotton, Polyester, Cellulosic), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2022 - 2028

  • Report ID: GVR-4-68039-939-6
  • Number of Pages: 78
  • Format: Electronic (PDF)

Report Overview

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.

U.S. women’s suits & ensembles market size, by distribution channel, 2019 - 2028 (USD Billion)

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.

Fiber Insights

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.

Global women’s suits & ensembles market share, by fiber, 2021 (%)

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.

Distribution Channel Insights

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.

Regional Insights

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.

Key Companies & Market Share Insights

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:

  • 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.

Women’s Suits And Ensembles Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 11.87 Billion

Revenue forecast in 2028

USD 16.01 Billion

Growth rate

CAGR of 4.8% from 2022 to 2028

Base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2028

Quantitative units

Revenue in USD Million/Billion and CAGR from 2022 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Fiber, distribution channel, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

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.

Customization scope

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Segments Covered in the Report 

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)

    • Cotton

    • Polyester

    • Cellulosic

    • Others

  • Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

    • Offline

    • Online

  • Regional Outlook (Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

    • Europe

      • Germany

      • France

      • U.K.

    • Asia Pacific

      • China

      • India

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

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