Boosting Maternity Wear Sales Figures with the Increasing Disposable Income

June 30 02:42 2021

Glоbаl Маtеrnіtу Wеаr Маrkеt Ву Туре – Drеѕѕеѕ, Торѕ, Воttоmѕ, Аnd Lіngеrіе, Ву Аррlісаtіоn – Ѕuреrmаrkеt and Маll, Вrаnd Ѕtоrе, Маtеrnіtу and Ваbу Ѕtоrе, Аnd Оnlіnе, Ву Rеgіоn аnd Кеу Соmраnіеѕ – Іnduѕtrу Ѕеgmеnt Оutlооk, Маrkеt Аѕѕеѕѕmеnt, Соmреtіtіоn Ѕсеnаrіо, Тrеndѕ аnd Fоrесаѕt 2019-2028, is a report recently compiled by Market.US. This sector is projected to register a CAGR of 2.5% over the next 10 years. The global maternity wear market is projected to reach a valuation of $7,937.8 million by 2028, from a market value of around $6,358.7 million in 2019.

There has been a gradual increase in the disposable incomes of individuals across the world, particularly in recent years, which has positively influenced their given purchasing power. This element in conjunction with a growing number of independent women who are currently joining the workforce are some of the most primary factors that are anticipated to have a profound impact on the projected revenue growth of the global maternity wear market over the next decade.

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Maternity wear or clothing is worn by women as an adaptation to changes in body size during a pregnancy. The evolution of maternity clothing began during the middle ages, and became fashionable as women became more selective about style and comfort in the types of maternity clothing they wore. There are now various types of maternity clothing a woman can choose from such as, tops, dresses, innerwear, bottoms, etc.

Additionally, the number of women who are now in a more capable position of providing for themselves and their family, particularly in developing economies, as well as a keen interest being exhibited by several key industry players who are now looking to effectively establish their given businesses in these areas is another major factor that is slated to positively impact the revenue growth of the global maternity wear market in the coming years.

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That being said, owing to the onset of the ongoing COVID-19 pandemic, the manufacturing and supply-chains of this global industry have been severe affected due to imposed restrictions and global lockdowns. This major factor is slated to continue to have an immensely negatively impact on this sector in the coming years. However, as these respective restrictions are gradually lifted and regular economic activities begin to resume, this market is expected to regress to its pre-COVID state accordingly.

Furthermore, increasing investments being made by key industry players towards the development of more fashionable yet comfortable maternity apparel, as well as growing awareness levels among consumers concerning the availability of these various products are also factors that are expected to have a positive impact on the projected revenue growth of the global maternity wear industry in the foreseeable future.

On the basis of regional market segmentation, the markets in North America accounted for the highest number of revenue shares generated by this global industry in 2019. However, the markets in Europe are anticipated to index the highest CAGR over the course of this forecast timeline.

Related Reports:

Global Maternity Intimate Wear Market:

Global Mother Care Products Market:

Key players of the global maternity wear market are – Destination Maternity Corp., Reitmans (Canada) Limited {Thyme Maternity}, Hennes & Mauritz AB (H&M), The Gap Inc., Arcadia Group Limited (Dorothy Perkins & Topshop), Seraphine Ltd., Task International B.V.(Noppies), and the Boohoo Group Plc.

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