Sleepwear and Loungewear Market Size to Grow by USD 29398.4 Million From 2022 to 2027, Customer Landscape, Vendor Assessment & Market Dynamics- Technavio

NEW YORK, November 8, 2022 /PRNewswire/ — Technavio categorizes the global sleepwear and loungewear market as part of the global apparel, fashion accessories and luxury goods market, within the textiles, sleepwear and loungewear and luxury goods market. The parent market, the global apparel, accessories and luxury goods marketplace, covers products and companies involved in the manufacturing/marketing of apparel, accessories and luxury goods. The market also includes companies that offer rental services for clothing, accessories and luxury goods. The market excludes shoe manufacturers. The Global market for sleepwear and loungewear the share will increase by USD 29398.4 million from 2022 to 2027. Moreover, the market growth momentum will accelerate to a CAGR of 10.21% according to the latest market forecast report from Technavio. The market will also record a 9.66% YEAR Growth rate during the forecast period.

Technavio has published its latest market research titled Global Sleepwear and Daywear Market 2021-2025.

Technavio has published its latest market research titled Global Sleepwear and Daywear Market 2021-2025.

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Global market for sleepwear and loungewear Customer landscape

Our life cycle analysis of the global sleepwear and loungewear market from the innovator stage to the laggard stage. The report illustrates the life cycle of the global sleepwear and loungewear market, focusing on adoption rates large countries such as APAC, Europe, North America, South Americaand Middle East and Africa. To help companies assess and develop growth strategies for 2022-2027. Our researchers included –

  • Key purchase criteria

  • Adoption rates

  • Adoption life cycle

  • Drivers of price sensitivity

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Global market for sleepwear and loungewear – Vendor analysis

Vendor Landscape – The global sleepwear and daywear market is in an early stage of growth. It is expected to grow at a very high rate during the forecast period. Some of the prominent vendors in the market include AIMER Online Store, American Eagle Outfitters Inc., Authentic Brands Group LLC, BESTSELLER AS, Boardriders Inc., Chantelle SA, Hanesbrands Inc., Hennes & Mauritz AB, Jockey International Inc., La Perla Global Management UK Ltd., Lise Charmel. Since there are significant growth opportunities in this market, competition will intensify with the entry of new suppliers, technological innovations, mergers and partnerships. Established industry players in the market are increasing their product offerings to expand their product portfolio, enter emerging markets and increase their market share.

For example, Wacoal Holdings Corp. – The company operates in multiple segments, including the Domestic Wacoal Business segment, sleepwear and loungewear, with a major focus on the Domestic Wacoal Business segment, which offers innerwear consisting of basic clothing, underwear, nightgowns and children’s innerwear, outerwear, sports clothes, and socks. The company’s core offering includes sleepwear and loungewear, such as long side dresses and short lace baby doll tops.

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Supplier offers –

  • AIMER online store: The company offers sleepwear and loungewear such as pajamas, shirts and robes.

  • American Eagle Outfitters Inc.: The company offers sleepwear and loungewear under the American Eagle and Aerie brands.

  • Authentic Brands Group LLC: The company offers sleepwear and loungewear under the Fredericks of brand Hollywood.

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    Global market for sleepwear and loungewearSegmentation assessment

Overview of the geographic segment

Technavio’s market research report includes detailed information on regional trade opportunities for vendors, which will help generate sales revenue. Global market for sleepwear and loungewear according to geography it is categorized into North America, EuropeAPAC, South Americaand Middle East and Africa. The report provides accurate forecasts of the contribution of all regions to the growth of the global sleepwear and loungewear market size and actionable market insights.

  • Regional features– APAC is the fastest growing region in the global sleepwear market compared to other areas. 30% growth will come from North America. The increasing introduction of international brands and the widespread use of luxury daywear and sleepwear in APAC are the primary causes of market expansion in this area. Demand for leisure and sleepwear in APAC will be further driven by rising disposable income and changing consumer preferences.

  • Featured revenue generating segments – The growth of the market share of the offline segment will be significant during the forecast period. Selling items through specialty retailers, such as brand-owned stores, multi-brand stores, fashion and clothing stores, hypermarkets, supermarkets, convenience stores, club stores, and department stores, generate revenue for the offline distribution channel. Suppliers are implementing new commercial and retail strategies, such as improved pricing schemes, wider product ranges and expanding their retail environment.

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Global market for sleepwear and loungewear – Market dynamics

  • The main driver The development of the sleepwear and loungewear market has been significantly boosted by the introduction of items with advanced features and creative designs. The purchasing power of consumers has increased due to the increase in disposable income, which has positively influenced their decision to spend money on clothes such as loungewear and nightgowns.

  • The main trend The primary trend driving the growth of the sleepwear and loungewear market is the rise in demand for plus size sleepwear and loungewear. Retailers also use plus size models to advertise larger daywear and sleepwear around the world.

  • The main challenges – Expansion of the sleepwear and loungewear market may be hindered by the prevalence of counterfeit goods. The popularity of counterfeit goods is fueled by the low price. As a result, the availability of counterfeit items has a negative impact on sellers’ sales and pricing strategies by reducing their market shares and tarnishing their brands.

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Sleepwear and Sleepwear Market 2023-2027: Key Highlights

  • Market CAGR during the forecast period 2023-2027

  • Detailed information on the factors that will aid the growth of the sleepwear and daywear market over the next five years

  • Estimation of the sleepwear and daywear market size and its contribution to the parent market

  • Predictions about upcoming trends and changes in consumer behavior

  • Growth of the sleepwear and daywear market

  • Competitive market analysis and detailed supplier information

  • Comprehensive details on the factors that will drive the growth of the sleepwear and daywear market vendors

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Market scope for sleepwear and daywear

Report coverage

details

Page number

120

Base year

in 2022

A historic year

2017-2021

Estimated period

2023-2027

Growth momentum and CAGR

Accelerate with a CAGR of 10.21%

Market growth 2023-2027

29398.4 million dollars

Market structure

Fragmented

Year-on-year growth (%)

9.66

Regional analysis

APAC, Europe, North America, South America and the Middle East and Africa

Performance market contribution

APAC at 30%

Key consumer countries

USA, China, India, Germany and France

Competitive landscape

Leading companies, competitive strategies, extent of consumer engagement

Profiled key companies

AIMER Online Store, American Eagle Outfitters Inc., Authentic Brands Group LLC, BESTSELLER AS, Boardriders Inc., Chantelle SA, Hanesbrands Inc., Hennes & Mauritz AB, Jockey International Inc., La Perla Global Management UK Ltd., Lise Charmel, LUNYA, MASH Holdings Co. Ltd., Parahsol Srl, PVH Corp., Ralph Lauren Corp., Sleepy Jones LLC, Triangl Group Ltd., Victorias Secret & Co. and Wacoal Holdings Corp.

Market dynamics

Analysis of the parent market, Inducers of market growth and obstacles, Analysis of fast-growing and slow-growing segments, Analysis of the impact and recovery from COVID-19 and future consumer dynamics, and analysis of the state of the market for the forecast period.

Scope of adjustment

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Content:

1 Executive Summary

2 Market landscape

3 Dimensioning of the market

4 Historical market size

5 Five forces analysis

6 Market segmentation by distribution channel

7 Market segmentation by product

8 Customer landscape

9 Geographical landscape

10 drivers, challenges and trends

11 Supplier landscape

12 Supplier analysis

13 Appendix

About us
Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions. With more than 500 specialized analysts, Technavio’s report library consists of more than 17,000 and growing reports, covering 800 technologies, in 50 countries. Their client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research and market insights that can be undertaken to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com/

Market for sleepwear and loungewear

Market for sleepwear and loungewear

Cision

Cision

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