Women's Jerseys, Sweatshirts & Pullovers Market size is expected to reach USD 274.88 billion by 2028

 Women's Jerseys, Sweatshirts & Pullovers Industry Overview

The global women’s jerseys, sweatshirts & pullovers market size was valued at USD 196.57 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2028. The market growth is significantly driven by the increasing demand from consumers, mostly in the Asia Pacific. The fashion trend and attitudes of consumers in Asia Pacific are changing rapidly, due to the increasing influence of western culture.

 

Jerseys, sweatshirts, and pullovers are not only limited to men’s fashion but also getting popular among women, which in turn is expected to contribute significantly to the global market. Moreover, global brands are increasingly penetrating and establishing their distribution networks in emerging markets, including the Asia Pacific, and Middle East & Africa. The growing awareness and accessibility are anticipated to drive the market growth during the forecast period.

 

Gather more insights about the market drivers, restrains and growth of the Global Women's Jerseys, Sweatshirts & Pullovers Market

 

The overall production, supply chain, trade, and sales of the products were impacted, resulting in a decline in the market growth rate. During the forecast period, the market is expected to recover and perform well with a healthy growth rate, on account of resumption in manufacturing and production, import/export activities, and retail.

 

The market growth is facilitated by the ever-expanding fast fashion trend. Fast fashion is a business model through which the branded product is made available for consumers at a reduced price and compromised quality. This model replicates the design of the branded products and is massively manufactured for sales at retail stores. This is immensely leading to increased consumer spending on these products, driving the global market growth.

 

In the global apparel industry, the online distribution channel is expected to present an increased opportunity for the key market players during the forecast period. The online channel is increasingly being used by consumers across the world. Its increasing usage and rising popularity are mainly attributed to the convenience, comfort, ease, and time-efficient services provided by the online distribution channels. The shifting consumer shopping behavior is expected to influence the global women’s jerseys, sweatshirts, and pullovers market.

 

The market growth is highly restrained by the increasing awareness regarding the impact and environmental pollution caused by the manufacturing processes and waste created by discarded apparel. According to the United Nations, the fashion industry is the second-most responsible industry for environmental pollution. This has resulted in the rising trend of sustainable fashion and recycling across the world, affecting the conventional market growth.

 

Browse through Grand View Research's Clothing, Footwear & Accessories Industry Research Reports

  • Licensed Sports Merchandise Market: The global licensed sports merchandise market size was valued at USD 33.48 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030. 
  • Boot Market: The global boot market size was valued at USD 32.19 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030.

 

Key Companies Profile

Some of the prominent players in the global women’s jerseys, sweatshirts & pullovers market include:

  • Dior
  • CHANEL
  • Gucci S.p.A.
  • PRADA
  • Burberry Group Plc
  • Giorgio Armani S.p.A.
  • Dolce & Gabbana S.r.l.
  • Gianni Versace S.r.l.
  • Louis Vuitton, Inc.

Order a free sample PDF of Women's Jerseys, Sweatshirts & Pullovers Market Intelligence Study, published by Grand View Research.

 

 

 

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