Market-Overview
The demand for loungewear has taken a considerable hike due to the emergence of the work from home trend in the aftermath of the COVID-19. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period. The market shows potential to achieve USD 9.23 Billion at a CAGR of 9.5% by 2027.
The rising inclination towards comfortable clothing items is estimated to spur the demand for Loungewear Market Analysis companies in the near future. Also, the surge in individuals wanting a healthier lifestyle has led them to be more active than before and this is estimated to further favor the Loungewear Market Analysis expansion.
Key Players
The distinguished contenders in the Loungewear Market Analysis are H & M (Sweden), Hanesbrands Inc. (US), Jockey International Inc. (US), PVH CORPORATION (US), Triumph International Holding GmBH (Germany), Authentic Brands Group LLC (US), Marks & Spencer Group Plc (UK), L Brands Inc. (US), Urban Outfitters (US) and Nordstrom, Inc. (US).
Market Segmentation:
The segmental assessment of the Loungewear Market Analysis is carried out on the basis of materials, end-user, distribution channel, and region. The distribution channel segment of the Loungewear Market Analysis consists of supermarkets & hypermarkets, specialty stores, and non-store-based. The region segment of the Loungewear Market Analysis consists of North America, Europe, Asia Pacific, and the rest of the world. The material segment of the Loungewear Market Analysis consists of wool, cotton, and silk. The end-user segment of the Loungewear Market Analysis consists of females, males, and kids.
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Regional Analysis
The regional review of the Loungewear Market Analysis consists of North America, Europe, Asia Pacific, and the rest of the world. The North American Loungewear Market Analysis reported for the chief market stake in the global market in 2019 and is anticipated to display a similar trend all through the forecast period. The vital producers are highlighting the publicity events to generate a strong understanding among the consumers concerning new product presentations, which will quicken the growth of the North American Loungewear Market Analysis. Furthermore, manufacturers are concentrating on expanding their presence to capture the regional market in the Asia Pacific regional market for loungewear as well in the forecast period.
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Loungewear Market Analysis