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Growing disposable income is boosting demand in the global children- and infant-wear market

Press release July 31, 2014

Children's wear refers to clothing for children aged between 0 months to 10 years. It includes apparel such as outerwear, underwear, nightwear, socks and tights.

The global children’s wear market is projected to expand in the coming years. The market is mainly driven by affluent parents, high birth-rate in developed and developing countries, growing influence of fashion, higher disposable incomes and more dual-income households.

This report, Global Childrens and Infant Wear Market 2014-2018, gives detailed analysis of this industry, mentioning the current trends in the market along with the key drivers, market players and the key regions.

Market trends

The foray by premium luxury brands such as Tommy Hilfiger, Christian Dior, Burberry, Ralph Lauren, Dolce&Gabbana, Gucci, Stella McCartney, and Lanvin have entered the children- and infant-wear market in recent years. Also, growing concerns over the toxicity of chemical dyes in textiles is fuelling interest in organic kids wear. Garments made from organically grown cotton are especially poised to witness strong demand in Europe, Japan, and the United States. Sports fashion is also emerging as a key trend with a growing number of children being encouraged to lead active lifestyles against the backdrop of rising childhood obesity.

Key drivers

Growing awareness about emerging fashion trends due to increasing penetration of cable TV, Internet and mobile advertising and willingness of parents to indulge more is driving the demand in this market. Online sales of children’s wear, which gained traction during the economic recession, will continue to drive the industry and create new opportunities for growth. Growth in developing Asian countries will continue to be driven by favorable demographics, burgeoning middle-class population, steadily rising proportion of working women with greater spending capabilities, rising income levels, increasing emphasis on child care, rapidly developing retail infrastructure and preference for lifestyle products among the affluent middle class.

Key regions

Europe represents the largest regional market worldwide, while Asia Pacific ranks as the fastest growing market with a CAGR of 10.8% in the analysis period. The global market, on the other hand, is expected to grow at a CAGR of 6.05% in the forecast period.

Key players

The major players in this market include Amazon.com, Inc., Bed Bath & Beyond Inc., Benetton Group SpA, Carter's Inc., Children's Place Retail Store Inc., Esprit Holdings Ltd., Gap Inc., Macy's Inc., Sears Holdings Corp., The Walt Disney Co., Wal-Mart Stores Inc., Bealls Inc., Bossini International Holdings Ltd., Diesel SpA, Dolce&Gabbana Srl, Donna Karan International Inc., Fruit of the Loom Inc., Gianni Versace SpA, Giordano International Ltd., GymboreeCorp., Hanesbrands Inc., Industria de Diseño Textil, S.A., J.C. Penney Company Inc., J. Crew Group Inc., Kering, Kohls Corp., Levi Strauss & Co., Linmark Group Ltd., Marks & Spencer plc, MoiselleInternational Holdings Ltd., Mothercare plc, OshKosh B'gosh Inc., Oxford Industries Inc., Polo Ralph Lauren, Provogue India Ltd., Target Corp., TJX Companies Inc., U-RIGHT International Holdings Ltd., VFCorp. and YGM Trading Ltd.

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Visit: Growing disposable income is boosting demand in the global children- and infant-wear market

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Subjects


Children and Infant Wear Market, childrens wear market