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Denim Market Worth Around 1,28,643.1 Million USD by 2023 | Constant CAGR 4.60% In Global Market

Press release   •   Apr 20, 2019 06:30 EDT

Global Denim Market is estimated to reach USD 1,28,643.1 million by the end of 2023 at a constant CAGR of 4.60% during the forecast period.

The new research from Ameco Research on Global Denim Market Report for 2023 intends to offer target audience with the fresh outlook on market and fill in the knowledge gaps with the help of processed information and opinions from industry experts. The information in the research report is well-processed and a report is accumulated by industry professionals and seasoned experts in the field to ensure of the quality of research.

The research is backed by extensive and in-depth secondary research which involves reference to various statistical databases, national government documents, relevant patent and regulatory databases, news articles, press releases, company annual reports, webcasts, financial reports, and a number of internal and external proprietary databases. This estimated data is cross-checked with industry experts from various leading companies in the market. After the entire authentication process, these reports are shared with subject matter experts (SMEs) for adding further value and to gain their insightful opinion on the research. With such robust process of data extraction, verification, and finalization, we firmly endorse the quality of our research. With such extensive and in-depth research and comprehensive coverage of information, it is always a possibility of clients finding their desired information in the report with enclosure of key components and valuable statistics in all regards.

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Denim is a rugged cotton twill textile wherein the weft passes under two or more warp threads. This fabric is used to prepare various products such as jeans, shirts, jackets, and bags. The fabric is mainly known for its durability and comfort.

The denim segment has always been a leading component of the global fashion industry and the market is expected to witness substantial growth during the forecast period of 2018 to 2023. Rapid urbanization and increasing per capita disposable incomes are resulting in an increased demand for denim apparel. Frequent innovations in products and a booming organized retail sector are also expected to fuel the growth of the global denim market. However, the counterfeiting of products is likely to hinder market growth.
The growth of the organized retail sector, especially in tier-2 and tier-3 cities across the globe, is aiding the growth of the global denim market. This includes various retail chains such as supermarkets/hypermarkets and specialty stores, among others.

Regional Analysis

The global denim market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world. North America is an attractive market for denim manufacturers. The region is expected to account for 34.7% of the market share in 2018 and is projected to expand at a moderate growth rate during the forecast period of 2018 to 2023. The expanding product portfolios of key manufacturers is a significant factor for the growth of the market in North America. Innovations in the colors and design of denim are also expected to positively impact the growth of the regional market.

Europe accounted for a major share of the global denim market in 2017 and the regional market is expected to remain dominant during the forecast period. The growth of the denim market can be attributed to the development of new products along with technological upgradations.

Asia-Pacific is considered to be a lucrative destination for denim manufacturers. The region accounted for approximately 22.1% of the total market share in 2017. The market in Asia-Pacific is projected to register the highest growth rate of 5.11% during the forecast period. The growth of the denim market in Asia-Pacific is expected to be driven by rapid urbanization and a growing middle-income population.

The rest of the world consists of South America, the Middle East, and Africa. The market is estimated to reach USD 9,429.5 million by the end of 2023 at a substantial growth rate of 4.80%. South America is expected to be the largest market in the region during the forecast period of 2018 to 2023.

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Segmental Analysis

The global denim market has also been segmented on the basis of type, consumer group, and distribution channel.
On the basis of type the global denim market has been divided into loose fit, slim fit, and others. In 2018, the slim fit segment is expected to account for the majority of the market share and is projected to reach USD 62,268.0 million by 2023 at the highest CAGR of 4.80%.

Based on consumer group, the global denim market has been classified as male and female. The female segment is expected to hold the larger market share of 55.3% in 2018 and is projected to reach USD 70,602.3 million by the end of 2023. The male denim segment is expected to register the higher growth rate of 4.77% during the forecast period.

By distribution channel, the market has been segmented into store-based and non-store-based. The store-based segment is expected to be larger as it offers consumers an in-person experience. However, the non-store-based segment is expected to register the higher CAGR of 5.30%.

Key Players

The leading market players in the global denim market are PVH Corp (US), Inditex (Industria de Diseño Textil SA) (Spain), Hennes & Mauritz AB (H&M) (Sweden), Levi Strauss & Co. (US), VF Corporation (US), American Eagle Outfitters, Inc. (US), Gildan Activewear, Inc. (US), AG Adriano Goldschmied, Inc. (US), Uniqlo Co. Ltd (US), and Citizen of Humanity LLC (US).

Target Audience

• Denim manufacturers
• Cotton manufacturers
• Button industry
• Linen manufacturers
• Retailers and wholesalers
• E-commerce companies
• Traders, importers, and exporters

Key Findings

• Key manufacturers are emphasizing mergers & acquisitions and product launches to enhance sales volume in developed and developing economies.
• Brands are deploying an omnichannel strategy to provide a seamless shopping experience and be available on multiple platforms across both online and offline channels to increase visibility. Many apparel manufacturers are embracing the omnichannel strategy to appeal to tech-savvy customers and increase their reach.

Global Denim Market Research Report—Forecast till 2023:

The global denim market is estimated to reach USD 1,28,643.1 million by the end of 2023 at a CAGR of 4.60% during the forecast period.

The report also offers a regional analysis:

• North America
o US
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Spain
o Russia
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Australia & New Zealand
o Thailand
o Indonesia
o Bangladesh
o Rest of Asia-Pacific
• Rest of the World
o South America
o Middle East
o Africa

Available customization:

With the given market information, Ameco research offers customization's in line with the company's specific wishes. The following customization choices unit of measurement accessible for the report:
Regional and country-level analysis of the Global Denim Market, by end-use.
Detailed analysis and profiles of additional market players.

Table of Contents

Global Denim Market Research Report Forecast to 2023

1 Executive Summary

2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growing preference for denim apparel
4.2.2 Growth of organised retail sector and e-commerce
4.3 Restraints
4.3.1 Counterfeit products
4.4 Opportunities
4.4.1 Penetrating large portfolio of denim garments and accessories in the emerging markets
4.5 Trends

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Supply Chain Analysis
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Buyers
5.3.4 Bargaining Power of Suppliers
5.3.5 Competitive Rivalry

6 Global Denim Market, by Type
6.1 Overview
6.1.1 Loose Fit
6.1.2 Slim Fit
6.1.3 Others

7 Global Denim Market, by Consumer Group
7.1 Overview
7.1.1 Male
7.1.2 Female

8 Global Denim Market, by Distribution Channel
8.1 Overview
8.1.1 Store-Based
8.1.2 Non-store-Based

9 Global Denim Market, by Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 UK
9.3.2 Germany
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 Australia & New Zealand
9.4.5 Rest of Asia-Pacific
9.5 Rest of the World
9.5.1 South America
9.5.2 Middle East
9.5.3 Africa

10 Competitive Landscape

11 Company Profiles
11.1 PVH Corp.
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Products Offered
11.1.4 Key Developments
11.1.5 SWOT Analysis
11.1.6 Key Strategies
11.2 Inditex (Industria de Diseño Textil SA)
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Products Offered
11.2.4 Key Developments
11.2.5 SWOT Analysis
11.2.6 Key Strategies
11.3 Hennes & Mauritz AB (H&M)
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Products Offered
11.3.4 Key Developments
11.3.5 SWOT Analysis
11.3.6 Key Strategies
11.4 Levi Strauss & Co.
11.4.1 Company Overview
11.4.2 Financial Overview
11.4.3 Products Offered
11.4.4 Key Developments
11.4.5 SWOT Analysis
11.4.6 Key Strategies
11.5 VF Corporation
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Products Offered
11.5.4 Key Developments
11.5.5 SWOT Analysis
11.5.6 Key Strategies
11.6 American Eagle Outfitters, Inc.
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Products Offered
11.6.4 Key Developments
11.6.5 SWOT Analysis
11.6.6 Key Strategies
11.7 Gildan Activewear, Inc.
11.7.1 Company Overview
11.7.2 Financial Overview
11.7.3 Products Offered
11.7.4 Key Developments
11.7.5 SWOT Analysis
11.7.6 Key Strategies
11.8 AG Adriano Goldschmied, Inc.
11.8.1 Company Overview
11.8.2 Financial Overview
11.8.3 Products Offered
11.8.4 Key Developments
11.8.5 SWOT Analysis
11.8.6 Key Strategies
11.9 Uniqlo Co. Ltd
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Products Offered
11.9.4 Key Developments
11.9.5 SWOT Analysis
11.9.6 Key Strategies
11.1 Citizen of Humanity LLC
11.10.1 Company Overview
11.10.2 Financial Overview
11.10.3 Products Offered
11.10.4 Key Developments
11.10.5 SWOT Analysis
11.10.6 Key Strategies

12 Conclusion
12.1 Key Findings

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