Research Support Specialist, USA
The global children’s suits & ensembles market size is estimated to reach USD 4.91 billion by 2028 and is expected to grow at a CAGR of 2.9% from 2021 to 2028, according to a new report by Million Insights. This can be credited to the strong growth scenario in the Asia Pacific market, mainly due to population growth coupled with rising per capita expenditure. However, the market growth is hindered by the import restraint and industry access barriers mostly due to the stringent government trade laws and political opportunism.
The COVID-19 restrictions and lockdown imposed by governments to curb the spread of the disease affected the market growth. Restricted or reduced sales, plummeted trade, and curtailed manufacturing activities during the lockdown resulted in declined product sales and demand across the globe. However, the market is anticipated to witness steady growth in the coming years on account of resumed trade and manufacturing activities. Europe was the dominant regional market in 2020. This is due to the presence of a well-established industry and key players with strong distribution networks. Higher consumer disposable income and per capita spending on clothing and apparel will further boost the Europe regional market growth.
The report “Children’s Suits And Ensembles Market Size, Share & Trends Analysis Report By Fiber (Cotton, Polyester, Cellulosic), By Distribution Channel (Offline, Online), By End User (Girls, Boys), And Segment Forecasts, 2021 - 2028” is available now to Million Insights
Million Insights has segmented the global children’s suits & ensembles market on the basis of fiber, distribution channel, end user, and region:
List of Key Players of Children’s Suits & Ensembles Market