NEW YORK, Nov. 8, 2022 /PRNewswire/ — Technavio categorizes the global sleepwear and loungewear market as a part of the global apparel, 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 market, covers products and companies engaged in the manufacturing/marketing of apparel, accessories, and luxury goods. The market also includes companies offering apparel, accessories, and luxury goods rental services. The market excludes manufacturers of shoes. The Global Sleepwear and Loungewear Market share is set to increase by USD 29398.4 million from 2022 to 2027. Moreover, the market’s growth momentum will accelerate at a CAGR of 10.21% as per the latest market forecast report by Technavio. The market will also record a 9.66% Y-O-Y growth Rate during the forecast period.
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Global Sleepwear and Loungewear Market – Customer Landscape
Our analysis of the Life Cycle of the Global Sleepwear and Loungewear Market from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the global Sleepwear and Loungewear Market, focusing on the adoption rates of the major countries such as APAC, Europe, North America, South America, and the Middle East and Africa. To help companies evaluate and develop growth strategies for 2022-2027. Our researchers have included –
Key purchase criteria
Adoption rates
Adoption lifecycles
Drivers of price sensitivity
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Global Sleepwear and Loungewear Market – Vendor Analysis
Vendor Landscape – The global Sleepwear and Loungewear Market is in the early growth stage. 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. As there are significant growth opportunities in this market, the competition will intensify with the entry of new vendors, technological innovations, mergers, and partnerships. Established industry participants in the market are increasing their product offerings to expand their product portfolio, enter emerging markets, and boost their market share.
For instance, Wacoal Holdings Corp. – The company operates under multiple segments, including the Domestic Wacoal Business segment, sleepwear, and loungewear, with a high focus on the Domestic Wacoal Business segment, which offers innerwear consisting of foundation garments, lingerie, nightwear, and children’s innerwear, outerwear, sportswear, and hosiery. The company’s key offerings include sleepwear and loungewear, such as side shaped long gowns and short lacy baby doll chemise.
Vendor Offerings –
AIMER Online Store: The company offers sleepwear and loungewear such as pajamas, chemises, and robes.
American Eagle Outfitters Inc.: The company offers sleepwear and loungewear under the brand’s American Eagle and Aerie.
Authentic Brands Group LLC: The company offers sleepwear and loungewear under the brand Fredericks of Hollywood.
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Global Sleepwear and Loungewear Market – Segmentation Assessment
Geography Segment Overview
Technavio’s market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Sleepwear and Loungewear Market as per geography is categorized into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Sleepwear and Loungewear Market size and actionable market understandings.
Regional Highlights– APAC is the fastest-growing region in the global Sleepwear and Loungewear Market compared to the other areas. 30% growth will originate from North America. The growing introduction of international brands and the widespread use of upscale loungewear and sleepwear in APAC are the primary causes of the market expansion in this area. The demand for loungewear and sleepwear in APAC will be further driven by rising disposable income and shifting consumer preferences.
Revenue Generating Segment Highlights – The market share growth by the offline segment will be significant during the forecast period. The sale of items through specialty retailers, such as brand-owned stores, multi-brand stores, fashion and apparel stores, hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores, generates revenue for the offline distribution channel. Vendors are implementing new commercial and retail strategies, such as improved pricing schemes, a wider range of goods, and an expansion of their retail environment.
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Global Sleepwear and Loungewear Market – Market Dynamics
Major Driver – The development of the sleepwear and loungewear market is being significantly fueled by the introduction of items with advanced features and creative designs. Consumers’ purchasing power has grown due to the increase in disposable income, which has positively impacted their decision to spend money on clothing like loungewear and sleepwear.
Major Trend – The primary trend propelling the growth of the sleepwear and loungewear market is a rise in demand for plus-size sleepwear and loungewear. Vendors are also using plus-size models to advertise plus-size loungewear and sleepwear all over the world.
Major Challenges – The expansion of the sleepwear and loungewear market may be hampered by the prevalence of counterfeit goods. The popularity of counterfeit goods is fueled by their low cost. As a result, the availability of counterfeit items has a negative impact on vendors’ sales and price strategies by diluting their market shares and tarnishing their brands.
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Sleepwear and Loungewear Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist Sleepwear and Loungewear Market growth during the next five years
Estimation of the Sleepwear and Loungewear Market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the Sleepwear and Loungewear Market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of Sleepwear and Loungewear Market vendors
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Sleepwear And Loungewear Market Scope
Report Coverage
Details
Page number
120
Base year
2022
Historical year
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 10.21%
Market growth 2023-2027
$29398.4 million
Market structure
Fragmented
YoY growth (%)
9.66
Regional analysis
APAC, Europe, North America, South America, and the Middle East and Africa
Performing market contribution
APAC at 30%
Key consumer countries
US, China, India, Germany, and France
Competitive landscape
Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled
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
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global sleepwear and loungewear market 2017 – 2021
4.2 Distribution channel Segment Analysis 2017 – 2021
4.3 Product Segment Analysis 2017 – 2021
4.4 Geography Segment Analysis 2017 – 2021
4.5 Country Segment Analysis 2017 – 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Distribution Channel
6.1 Market segments
6.2 Comparison by Distribution Channel
6.3 Offline – Market size and forecast 2022-2027
6.4 Online – Market size and forecast 2022-2027
6.5 Market opportunity by Distribution Channel
7 Market Segmentation by Product
7.1 Market segments
7.2 Comparison by Product
7.3 Sleepwear – Market size and forecast 2022-2027
7.4 Loungewear – Market size and forecast 2022-2027
7.5 Market opportunity by Product
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
9.4 Europe – Market size and forecast 2022-2027
9.5 North America – Market size and forecast 2022-2027
9.6 South America – Market size and forecast 2022-2027
9.7 Middle East and Africa – Market size and forecast 2022-2027
9.8 US – Market size and forecast 2022-2027
9.9 China – Market size and forecast 2022-2027
9.10 Germany – Market size and forecast 2022-2027
9.11 India – Market size and forecast 2022-2027
9.12 France – Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 Aimer online store
12.4 American Eagle Outfitters Inc.
12.5 Authentic Brands Group LLC
12.6 BESTSELLER AS
12.7 Boardriders Inc.
12.8 Chantelle SA
12.9 Hanesbrands Inc.
12.10 Hennes and Mauritz AB
12.11 Jockey International Inc.
12.12 La Perla Global Management UK Ltd.
12.13 MASH Holdings Co. Ltd.
12.14 PVH Corp.
12.15 Ralph Lauren Corp.
12.16 Victorias Secret and Co.
12.17 Wacoal Holdings Corp.
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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