The denim market is estimated to expand at a healthy CAGR in the upcoming period. Rising global e-commerce sector and varying retail clothing industry in the APAC fuel overall market growth. Denim is prepared from rugged tightly woven twill and the yarns are dyed using blue or indigo dye.
The latest trend ruling the global denim market is the penetration of western lifestyle and fashion in the developing economies. In corporates, changing view toward executive wear owing to casualization is driving denim products across the world. Currently, rising use of polyester in denim products is a new trend of fashion industry. Arvind Limited and Raymond Ltd. state that polyester is one of the best fibers to use as it is abrasion-resistant and provides durability.
Rising foreign direct investments (FDIs) for the clothing industry is projected to boost overall denim market growth in forecast period. Furthermore, government initiative by easing the import/export laws boosts outflow and inflow of fabrics and the other accessories. Denim manufacturers are accepting new strategies to level up the synchronization between westernization and customer demand. However, the presence of alternatives like yoga pants, jeggings, and others restrain overall market growth.
The APAC is creating opportunities with the enhancement and technological innovations across the industrial sectors. Zara is one of the finest clothing retail chains that uses fast fashion strategy that records consumer feedback to introduce new designs to set a worldwide clothing trends. Zara’s unique strategy focuses more on logistics as a major part of visible supply chain than the conventional wisdom. CNBC in November reported that Levi Strauss is planning to go public in first quarter of 2019.
The prominent players of denim market are U.S. Polo Assn., Levi Strauss & Co., Bestseller A/S, The Gap Inc., Pepe Jeans S.L., VF Corporation, Kering, H & M Hennes & Mauritz AB, and PVH Corp. these industries are not only focusing on denim jeans but also other denim products like dresses, shirts, shorts, and jackets. On March 2017, PVH Corporation merged with Li & Fung Trading Limited to advance its capacity to make products available to consumers in time. Recently, VF Corporation ran a campaign “Be Comfortable in Your Own Jeans”, and promoted its brand named Wrangler.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Denim in these regions, from 2012 to 2023 (forecast), covering
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Columbia)
•Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Global Denim market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Nandan Denim Ltd
• Weiqiao Textile
• Sudarshan Jeans
• Black Peony
• Orta Anadolu
• Jindal Worldwide
• Etco Denim
• Raymond UCO
• Bhaskar Industries
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Basic Denim
• Premium Denim
• Ultra-premium Denim
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Denim for each application, including
Research Support Specialist, USA