PUBLISHER: SkyQuest | PRODUCT CODE: 1321911
PUBLISHER: SkyQuest | PRODUCT CODE: 1321911
Women's Blazer Market size was valued at USD 62.46 billion in 2021 and is poised to grow from USD 64.77 billion in 2022 to USD 86.62 billion by 2030, growing at a CAGR of 3.7% in the forecast period (2023-2030).
Changing fashion trends and Asian Pacific consumers' embrace of western fashion trends are primarily responsible for the market's expansion. The expanding number of working women is projected to support the need for women's blazers in the apparel industry. According to the Bureau of Labor Statistics, women held 50.4% of all American jobs in 2020, an increase from 49.7% in 2019. Over the course of the forecast period, market growth is predicted to be fueled by rising consumer spending power, disposable income, and the expansion of the retail sector. Additionally, it is projected that increased business R&D and the introduction of innovative products will facilitate consumer spending and support market expansion.
Top-down and bottom-up approaches were used to estimate and validate the size of Women's Blazer and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
Global Women's Blazer Market is segmented based on Fiber, Distribution Channel and region. Based on Fiber the market is segmented into Cotton, Polyester, Cellulosic and Others. Based on Distribution Channel the Women's Blazer Market is segmented into Online and Offline. Based on region the global Women's Blazer Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
Increasing number of Women in Workforce to Bolster Market Growth
Women in the workforce are becoming more prevalent, which has increased demand for business wear like blazers and fueled the expansion of the women's blazer industry..
Restraint
Players might Face Hindrance During Forecast Period
Other forms of business wear, such suits and dress pants, compete with the women's blazer industry, which could restrain market expansion.
Trend