Children’s Wear Market Outlook 2031
The global children’s wear market size was valued at USD 187.29 Billion in 2022 and is projected to reach USD 343.17 Billion by 2031, expanding at CAGR of 6.96% during the forecast period, 2023-2031. The preference for good quality clothes and increasing inclination of parents toward buying expensive clothes for their kids is boosting the children’s wear market to expand at a rapid pace.
Moreover, the kids nowadays are wearing clothes of various styles to jump on the trend bandwagon. The COVID-19 pandemic led to the closedown of the production plants, which in turn, impacted the supply and distribution of clothes apparel, and footwear across the globe. However, the acceleration in the vaccination drive led to relaxation in restrictions, positively influencing the market growth.
Children’s Wear Market Trends, Drivers, Restraints and Opportunities
- Rising number of children wear focused fashion week is estimated to positively influence the market growth.
- Changing consumer lifestyle and rising trend of coordinates are key drivers of the market growth.
- Increasing brand consciousness among children is anticipated to emerge as another powerful factor fueling the children's wear market growth.
- Declining birth rate in some parts of the world can hamper the market growth.
- Growing focus on sustainable fashion can create new market avenues in the coming years.
- The increase in the counterfeiting of brands can create challenges for the growth of the organized children’s wear market.
- Growing influence of social media is projected to become a key driver of the growth of the market during the forecast period.
Scope of Children’s Wear Market Report
The report on children’s wear market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Children’s Wear Market - Global Industry Analysis, Size, Share, Growth, Trends And Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Products (Apparel, Footwear, and Others), Distribution Channels (Offline Retail Stores and Online Retail Stores)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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Carter's Inc.; Adidas AG; Benetton Group S.r.l; The Gap Inc.; Nike Inc.; Mothercare PLC; American Apparel Inc.; Diesel SpA; Dolce & Gabbana; and Disney Consumer Products
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Children’s Wear Market Segment Insights
Product Segment Analysis
Based on products, the market can be segmented into apparel, footwear, and others. The apparel segment is anticipated to account for a major market share during the forecast period. Rising demand for high-quality children's wear among parents over safety concerns can compel manufacturers to bring in some major changes in their production process.
This factor is expected to fuel the growth of the market segment. Many celebrities and their kids are seen wearing same kinds of apparels and this creating a trend which now being followed by many around the world. Moreover, rising birth rate in emerging economies can foster the growth of the both segments.
Distribution Channel Segment Analysis
On the basis of distribution channels, the market can be bifurcated into online retail stores and offline retail stores. The offline retail store segment is projected to grow at a robust rate during the forecast period.
The offline distribution channel is the most popular segment as many people prefer buying clothes for children from offline stores as they can check the quality of the clothes and can also see if the size is perfect which is not possible to check online.
However, the online segment is anticipated to constitute a significant market share during the forecast period due to rising preference of online shopping due to presence of various products and convenience such as doorstep delivery and easy exchange.
Regional Outlook
On the basis of regions, the market can be divided into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. Asia Pacific-based countries such as China and India are showing great response to the trend influenced by western countries.
Rising population in these economies is one of the key drivers of the regional market growth. In India, around 375 million individuals are below the age of 15 years. This represents a huge consumer base for the kids apparel market. Furthermore, strong economic growth in recent years and rising per capital income are major factors propelling the market growth in Asia Pacific.
Segments
Products
Distribution Channels
- Offline Retail Stores
- Online Retail Stores
Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Key Players
- Carter's Inc.
- Adidas AG
- Benetton Group S.r.l
- The Gap Inc.
- Nike Inc.
- Mothercare PLC
- American Apparel Inc.
- Diesel SpA
- Dolce & Gabbana
- Disney Consumer Products
Competitive Landscape
Key players in the children’s wear market are Carter's Inc.; Adidas AG; Benetton Group S.r.l; The Gap Inc.; Nike Inc.; Mothercare PLC; American Apparel Inc.; Diesel SpA; Dolce & Gabbana; and Disney Consumer Products.
- In 2019 October, Semir Apparel acquired Kidiliz to strengthen its position in the children’s wear market.
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