Press release -
Workwear/Uniforms Market Projected To Be Reach Value of US$58.9 Mn By 2030
The Global Workwear/Uniforms Market is projected to be US$ 34.5 Mn in 2020 to reach US$58.9 Mn by 2030 at a CAGR of 6.1%. The first five-year cumulative revenue (2021–2025) is projected to be over US$ 205.5 Bn, which is estimated to increase steadily over the latter part of the five-year forecast period.
Workwear and uniforms are apparel explicitly designed for industrial work. Most of the workwear is designed for manual labor. Stain repellent, pill-resistant, peach finish, breathability, wrinkle-free, etc. are some of the functional finishes that are added to workwear to provide safety and durability. Workwear can be classified into uniform and non-uniform. Non-uniform is a type of clothing that is typically worn in modern offices. Business formals and business casuals come under the non-uniform category. Whereas, uniforms comprise of basic and protective set of clothes that are compulsory worn by employees during work hours. Basic workwear is traditional workwear that finds its applications in various sectors such as healthcare, hospitality, defense and police, industries, etc. Protective workwear includes protective clothing with its specific application such as bacterial resistant, fire retardant, and bulletproof apparel. Also, these are used in steel, mining, pharmaceuticals, fire services, etc.
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Global Workwear/Uniforms Market: Market Dynamics
Stringent regulations related to worker safety in North America and Europe has been in place for several years. These regulations mandate workers in critical sectors to follow a proper dress code including safety clothing, protective gear, etc. which is considered a part of the uniform culture. This is expected to have a positive impact on the target market. Moreover, growing influence of these countries on manufacturing hubs such as India, China, etc. has led to adoption of similar norms, thereby fueling growth of the global workwear and uniforms market. An increase in attractiveness and acceptance of smart business casuals as workwear to show professionalism in corporate offices is one of the major factors anticipated to propel the demand for uniforms market subsequently.
An outbreak of the COVID-19 pandemic in early 2020 has brought a negative impact on almost every industry. The subsequent global lockdown has severely impacted economies across the world. On the other hand, the government of several countries’ trade restrictions also affected the supply of raw materials to clothing and other textile industries. This had led to price fluctuations and sudden shortages of raw materials, as well as end-products.
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Several manufacturers and vendor companies have tie-ups with MNCs considering all international safety standards to offer unisex apparel to create a better corporate identity. Several vendors are offering workwear with new technology such as IoT enabled controllers in workwear uniforms and fabric innovation which attracts youth and allows design customization in the uniform market. This is another trend likely to gain immense momentum in the coming years.
Global Workwear/Uniforms Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global workwear/uniforms market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global workwear/uniforms market is estimated to expand at a moderate CAGR of 6.1% during the forecast period.
Global Workwear/Uniforms Market: Segmental Snapshot
The market report has been segmented on the basis of type, product type, end-user, and region. The product type segment include corporate workwear, general workwear, and other types. The product type segment include apparel, footwear, and other product type. The end-user segment include manufacturing, service, mining, agriculture & forestry, and other end-users. The region covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By type: The corporate workwear segment is expected to register a CAGR of over 6.6%, thereby accounting for highest revenue share among the type segments.
By product type: The apparel segment is expected to register a CAGR of over 6.5% over the forecast period, thereby accounting for highest revenue share among the product type segments.
By end-user: The manufacturing segment is expected to register a CAGR of over 6.6%, thereby accounting for highest revenue share among the end-users segments.
By region: The market in North America accounted for highest revenue share in the global workwear/uniforms market in 2020, and is estimated to register a CAGR of over 6.6% between 2020 and 2030.
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Global Workwear/Uniforms Market: Competitive Analysis
The research report on the global workwear/uniforms market includes profiles of major companies such as Aramark, Cintas Corporation, Carhartt, Inc., Fristads Kansas Group, Hultafors Group, VF Corporation, Wesfarmers, Mascot International, UniFirst, ARIAT, Swoto Protection, Giuseppe, Portwest, Mulliez-Flory, Russell Europe, HaVep, among others.
The Global Workwear/Uniforms Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2021–2030 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global workwear/uniforms market for 2020–2030.
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