Kids & Other Apparel Accessories Market to Show Strong Growth at a CAGR of 4.1% by 2028 Driven by Growing Innovation, Product Customization and Affordability | million ideas

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According to a new report available with Million Insights, the global Children’s and Other Apparel Accessories industry report provides a detailed assessment of the industry highlighting information on different aspects including drivers, restraints, growth opportunities and threats.

The Global Market for children’s clothing accessories and other garments the size is expected to reach $35.17 billion by 2028, according to a new report from Million Insights. It is expected to grow at a CAGR of 4.1% from 2021 to 2028. The growth of the market can be attributed to the growing demand for children’s clothing accessories from developing economies.

The market is one of the most profitable segments in the apparel industry. Over the past few years, parents have shown an upward trend towards branded clothing over local brands and a desire to have various clothes for their children at reasonable prices. Furthermore, an increase in child population density index and an increase in disposable income are some of the crucial factors fueling the growth of the market. Growing innovation, product customization, and affordable prices are propelling the market growth globally.

With the constantly changing tastes of parents coupled with the rapidly changing fashion scenario, the market is focusing on product innovations. In addition, manufacturers are heavily involved in the development of fashionable clothes for children. The main objective of the manufacturers is to provide a wide variety of accessories and clothing to pamper children.

Click here to Request a free demo of Children’s clothing accessories and other clothing Market report: https://www.millioninsights.com/snapshots/childrens-clothing-accessories-other-clothes-market-report/request-demo

U.S. clothing accessories and other children's apparel market size, by type, 2018-2028 (USD billion)

Growing investment by market players to introduce latest fashion trends and new sustainable products is expected to further boost industry sales. However, sustainability issues such as extreme pollution, energy consumption, and wastage lead to the implementation of strict government regulations on this industry, which may hamper the growth of the market.

The apparel market saw a substantial decline due to the shutdown of retail sectors and factories triggered by the COVID-19 pandemic. Additionally, the shutdown of public events has affected the growth of this market. However, the online sales channel has become the sole medium for market growth.

The shawls and scarves segment accounted for the largest revenue share of more than 35.0% in 2020. This growth is attributed to the growing demand for these products in colder regions. However, unexpected weather changes, coupled with deteriorating environmental conditions, have increased the sales of shawls and scarves across the world. All these factors are expected to boost the segment in the coming years.

The online segment will register the fastest CAGR of 4.7% from 2021 to 2028. This can be attributed to the growing popularity and usage of e-commerce platforms. Major manufacturers are partnering with online retailers in an effort to reach new buyers. In addition, an increase in sales of children’s clothing accessories and other apparel is primarily through corporate-owned websites and other e-commerce platforms, such as Amazon and Walmart, which , in turn, are expected to propel the growth of the online distribution channel segment. during the forecast period.

Asia-Pacific is leading the global market with a revenue share of over 35.0% in 2020. This growth is driven by increasing child population, especially in emerging countries like China and the United States. ‘India. Rising household incomes and robust economic growth are expected to boost consumer spending on children’s clothing accessories. Additionally, there has been a significant demand for sustainable clothing in this region. This, in turn, will drive the regional market over the forecast period.

To browse the report summary and detailed table of contents, please click on the link below:
https://www.millioninsights.com/snapshots/childrens-clothing-accessories-other-clothes-market-report

Global clothing accessories and other children's apparel market share, by distribution channel, 2020 (%)

Highlights of the Children’s Clothing Accessories and Other Apparel Market Report:

• North America is expected to grow at the highest CAGR of 5.3% from 2021 to 2028 due to growing demand for shawls and scarves among consumers in the United States

• The shawls and scarves type segment held the largest share of over 35.0% in 2020 due to growing demand for these products from developed and developing regions

• Asia-Pacific led the market with a revenue share of over 35.0% in 2020 owing to the growing demand for children’s wearable accessories in developing countries

• The offline distribution channel held the largest revenue share of over 70.0% in 2020 due to the improvement in the organized retail sector globally

Segmentation of the children’s clothing accessories and other clothing market

Million Insights has segmented the global children’s clothing accessories and other apparel market on the basis of type, distribution channel and region:

  • Children’s Clothing Accessories and Other Kinds of Clothing Outlook (Revenue, USD Million, 2017 – 2028)
    • Shawls and scarves
    • Gloves
    • Hats and Caps
    • Ties
  • Kids Wear Accessories and Other Apparel Distribution Channel Outlook (Revenue, USD Million, 2017 – 2028)
  • Regional Outlook for Children’s Clothing Accessories and Other Garments (Revenue, USD Million, 2017 – 2028)
    • North America
    • Europe
    • Asia Pacific
    • Central and South America
    • Middle East and Africa
      • South Africa
      • Saudi Arabia

List of Key Players of Children’s Clothing Accessories and Other Apparel Market

  • Zara S.A.
  • Hennes&Mauritz AB
  • Adidas S.A.
  • Nike Inc.
  • Puma SE
  • NEXT Plc.
  • Marks & Spencer Group Plc.
  • Uniqlo Co.Ltd.
  • Children’s Place Inc.
  • vineyard vines
  • Brackish Mark
  • Battistoni

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