Welcoming the New Normal in the Post COVID Era! Here is New Intel that Will Help Understand the Growth & Opportunity for Denim Jeans
The Denim Jeans market is expected to feel the heat of the coming virus-led recession and will grow in the post crisis period to reach a projected global market size of US$87.3 billion by 2027.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Denim Jeans market. The segments covered in the study include Sales Channel (Offline, Online); and End-Use (Men, Women, Children).
7 June 5:33 A.M., California/Marketwire/ - According to the new market research report, the Denim Jeans market is expected to feel the heat of the coming virus-led recession and will grow in the post crisis period to reach a projected global market size of US$87.3 billion by 2027. The market will be reset to a new normal which going forwards in a post crisis era will be continuously redefined and redesigned.
Personal financial outlook, community, economy, job security confidence, purchasing & investment confidence are all tumbling as the human & economic cost of the global pandemic rises. For the clothes & fabrics industry, this brings grim news of falling sales and revenues as consumers hold back on discretionary spending. Denim jeans is mostly a discretionary spend which will soften as the world readies for a ride downhill. Per capita consumption of jeans which remains as high as 8 to 10 pairs in countries like the United States, is expected stagnate and even decline during this crisis. Players in the denim jeans industry will need to brace for impact as a dark and stormy economic climate creeps over the world.
In the post COVID-19 period, however, the market's key fundamental growth drivers will re-emerge such as expanding urban population; changing perceptions about "executive wear", convergence of business and leisure (Bleisure), flexible tastes of new-age entrepreneurs and the resulting acceptance of jeans as business casual attire for men even in boardrooms; rise of power jeans in high ranking business and political circles; growing base of women in the workforce; and robust outlook for luxury denim business. The market will benefit from innovations ranging from distressed, acid washed, stone washed, embroidered, metal studded, high-rise, low-rise, mid-rise, skinny and bell bottomed jeans coupled with developments in material design and style such as digitally printed jeans, vegan fabrics, sophisticated weaves, superior stretch performance and novel fiber blends.
Key Competitors Covered in the Report
7 For All Mankind
Aarvee Denims & Exports Ltd.
Black Peony (Group) Co., Ltd.
Levi Strauss & Co.
Nien Hsing Textile Co. Ltd.
True Religion Apparel Inc.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, Spain, Russia, and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 4157. Among this pool, 748 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 123 unique participations, a total of 56 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.