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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Women Formal Wear Market
Request Now !Formal wear is one of the categories of dress codes worn in western culture which include various types of attires suitable for special formal occasions. Formal wear has been introduced in the early modern era and has undergone several transformations until the 21st century. Earlier the formal wear was mostly preferred and designed for men but with the leading moderntimes, the availability of women's formal wear increased rapidly.
Women's formal wear is rapidly augmenting with the surge in women's empowerment and the evolution of working cultures. The increase in corporate women led to the introduction of various styles in formal wear since the 19th century such as trousers, suits, tailored jackets, long skirts, knee-length skirts, suffragette suit, tuxedo, jackets, and others. The exponential growth of the fashion industry has led to the development of numerous variants in designs and the color of women's formal wear. The opportunity of variants in raw material utilized for manufacturing women formal wear has also expanded and fabrics such as cotton, chiffon, velvet, satin, organza, silk, polyester, wool, linen, poplin, twill, flannel, gabardine and others are used.
COVID-19 Scenario Analysis
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Women's formal wear has presented a new trend for corporate women to upgrade their formal attire according to the norms of the working culture. Numerous variants of shirts, skirts, trousers, jackets, dresses, and others are available in the women's formal wear segment. The surge of professional women, requirement for daily outfit, changing fashion trends, growth of the fashion industry, investment in R&D, availability and improvement of various types of fabric, new product development, comfortable formal outfits, semi-formal wear, utilization of formal wear as causal outfit, working cultures, surge in designers, availability of women formal accessories such as cufflink and others, career-oriented women, tailored suits, customization of formal outfit, availability of numerous variants in colors, requirement of women’s formal wear in professional degrees and universities, large-scale production and orders, dress codes, seasonal outfits, launch of stylish designs in formals, maintenance of social status, enormous opportunity for innovation, surge in technology, low production cost, evolution of traditional formal wear, improved product quality, increased automation and technology for production, skin-friendly fabric, enhanced durability and strength of fabrics, high color retention properties, celebrity endorsements, e-commerce, gift cards, discounts and offers, social media promotions and increasing disposable income are the key driving factors for the growth of women formal wear market. However, expensive designer formal outfits, increased globalcompetition, unorganized market, and availability of substituteshinder the growth of women formal wear market.
The Global Women Formal Wear Market Trends
Embellishing Women Formal Outfits
The key manufacturers are inclined towards the utilization of various fabrics for the launch of variants in women's formal wear. The focus has been shifted towards functional and comfortable formal outfits which can be worn casually as well.
The changing trend in design and style has presented various opportunities for new product development. Recently the trend of women shirts, peg trousers, striped designs, pencil skirt, body cone formal dress, blazers, Indian formal sari, bow shirts, handbags, and others are leading the women formal wear market. They are available in a wide range of colors, numerous sizes for all body shapes, and customized options. The availability of formal accessories such as cufflinks, shoes and flats, stocking, scarf, belts, jewelry, and others along with the outfits is also leading the growth of women formal wear market.
Key Benefits of the Report
Questions Answered in the Women Formal Wear Market Research Report
Women Formal Wear Market Report Highlights
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Key Market Players | GAP Inc., Inditex, Hanesbrands Inc., Aoyama Trading Co. Ltd, M.H. Alshaya Co., Kering, L Brands Inc., PVH Corp., Mango, Burberry Group plc, H51 SAS, Brookfield Properties and Simon Property Group,, Authentic Brands Group LLC,, Prada Holdings S.P.A, ASOS plc, New Look Group Ltd., Kinnevik AB, Next plc, Ralph Lauren Corporation, Fast Retailing Co. Ltd., Espirit Holdings Ltd., Mexx Group, Arcadia Group. |
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