Research Support Specialist, USA
The global children’s tights and leggings market size is expected to reach USD 2.9 billion by 2028, according to a new report by Million Insights. The market is expected to expand at a CAGR of 4.6% from 2021 to 2028. Continuous changing fashion trends, consequently drives the innovations within the industry, thus driving the market. Moreover, the increasing demand and preference for premium quality tights and leggings is expected to drive market growth over the forecast period.
The rising penetration of the organized retail sector has augmented the availability of the apparel coupled with an increase in Ready to Wear (RTW) rather than Ready to Stitch (RTS) are propelling the market growth. Moreover, the positive demographic trends along with changing consumer preferences are expected to accelerate the market growth over the upcoming years. In addition to this, the rising affordability will enable the consumer to spend more on children’s apparel such as tights and leggings, which, in turn, will further support the industry demand.
The COVID-19 pandemic had suspended the transportation services of apparel sector for a short duration in many countries. Closure of the manufacturing sector, retail shops, and commercial activities, and several restrictions on the movement of the people have disrupted or stopped the supply chain of non-essential products by measures arising from COVID-19 restrictions. Moreover, logistics and external trade of the products is disturbed due to the pandemic affected the entire value chain in several countries.
The tights segment is expected to witness the fastest CAGR of 5.1% from 2021 to 2028. The increasing consumption of children’s tights from developed economies owing to rising fashion trends and growing retail penetration are propelling the growth of this segment. Moreover, the rising popularity of children's tights across the globe is further expected to propel the market growth over the forecast timeframe.
The online segment of the market is expected to register the fastest CAGR of 5.3% from 2021 to 2028. Increasing internet and smartphone penetration across the globe is accelerating the market growth. Moreover, an upsurge in product sales through various company-owned websites and e-commerce platforms is expected to propel the growth of the online distribution channel segment during the forecast period.
Europe dominated the market and accounted for the largest revenue share of over 40.0% in 2020 due to the rising demand and preference for premium quality tights and leggings. The rapid changes in the lifestyle coupled with the growing disposable income of consumers are boosting industry's growth. Additionally, the positive demographic trends along with changing consumer preferences have anticipated to propel the market growth over the forecast period.
The report “Children’s Tights And Leggings Market Size, Share, & Trends Analysis Report By Product (Tights, Leggings, Stockings), By Distribution Channel, By Region, And Segment Forecasts, 2021 - 2028” is available now to Million Insights
Million Insights has segmented the global children’s tights and leggings market on the basis of product, distribution channel, and region:
List of Key Players of Children’s Tights & Leggings Market