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Allied Market Research

Ethnic Wear Market Type (Traditional Wear, Fusion Wear) End User (Women, Men , Kids) Distribution Channel (Retail Stores, Super Markets, Online Stores, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A09433
Pages: NA
Jan 2021 | 170 Views
 
Author(s) : NA
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Ethnic Wear is fashionable clothing which is similar to dressing of a particular country or group of people. It depicts the tradition of a country and the rich diversified dressing sense of the residents of the country. Most popular ethnic wear around the world is the Indian ethnic wear followed by Japan, Malaysia, Singapore, Indonesia, Cambodia, Thailand, and the Philippines. The global ethnic wear market is experiencing growth from the past couple of years due to rise in new fashionable trends and global reach of brands.

Market scope and structure analysis:

Report Metric

Details

  market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Users type, Distribution Channel, Type, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, Italy, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa.)

  Companies covered

BIBA, Fabindia, Rain And Rainbow, W for Woman, Melange, Global Desi, Manyavar, Aurelia, Haute Curry and Shree

 

COVID-19 Scenario Analysis: 

  • The impact of COVID-19 on ethnic wear manufacturers is high due to the unavailability of raw materials from other countries.
  • The demand has been less as people are restricted to move out for functions and events.
  • The market is anticipated to experience steady growth after the travel and transport barriers are removed.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

There has been a high demand for ethnic wear of different countries across the globe due to globalization, movement of culture & tradition along with people visiting and staying in different countries. In addition, the preference of people around the world for ethnic dresses in theme based function, rent-based models for hiring ethnic clothes, and rise in distribution channels through e-commerce are the factors that drive the growth of the global ethnic wear market. However, high price of raw materials and lack of acceptance of ethnic wear in offices and everyday clothing limit the growth of the market. Innovations in the market are related to new designs and integrated dressing with ethnic and western wear so that the dressing can be accepted globally.

The global ethnic wear market trends are as follows:

New product launches to flourish the market

New companies have launched fashionable wears fusing taste and preferences of different cultures & traditions. The market leaders have designed new wear that can be worn both at parties and offices which are gaining popularity among people, which is likely to propel the growth of the ethnic wear market. 

Surge in Indian Ethnic Wear Worldwide

Indian ethnic wear is experiencing high demand from all corners of the world due to the variety of ethnic wear available in Indian ethnic culture. Many fashion freaks from different countries have started wearing Indian ethnic wear and global hype of wearing saree in parties and festivals has increased. The Indian ethnic trend has also been a part of fashion shows and global trending ethnic wear.

Key Segments Covered:

Segments

Sub-segments

  Type

  • Traditional Wear
  • Fusion Wear

  End User

  • Women
  • Men
  • Kids

  Distribution Channel

  • Retail Stores
  • Super Markets
  • Online Stores
  • Others

 

Key Benefits of the Report:

  • The report provides a quantitative analysis of the current ethnic wear market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.  
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assists to determine the prevailing ethnic wear market opportunities.  
  • The major countries in each region are mapped according to their revenue contribution to the market.   
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the ethnic wear industry.

Questions Answered in the Ethnic Wear market Research Report:

  • What are the leading market players active in the ethnic wear market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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