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CO22028552 |
Pages: 175 |
Feb 2022 |
The global sleepwear market size is predicted to garner $22,020.5 million in the 2021–2028 timeframe, growing from $10,615.4 million in 2020, at a healthy CAGR of 9.9%.
Strategic alliances among market players, along with growing demands for sleepwear across the globe, are expected to accelerate the growth of the sleepwear market.
However, high cost of sleepwear and availability of fake products in the market are some of the growth-restricting factors for the market.
According to the regional analysis, the Asia-Pacific sleepwear market size is anticipated to grow during the review period and generate a revenue of $4,734.4 million, with CAGR of 11.0% due to increasing adoption of trendy nightwear in the region.
Sleepwear is also called nightwear which is cloth worn for sleeping. Sleepwear is available in different styles for hot and cold climates. Some of the nightwear includes nightgowns, nightcap, baby doll, night shirts, pajamas, shorts, underwear, and more. Nightwear is designed in such a way that it offers utmost comfort with its fabric material.
The novel coronavirus pandemic severely affected several industries. The global sleepwear market experienced a notable moderate growth during this period. Disruption in manufacturing capacity and supply chain during the COVID-19 period is one of the factors that might have affected the market for sleepwear. However, the growth of the market is owing to demand for nightwear as most of the people are working from home and therefore demand for comfortable cloths has increased throughout the pandemic. The above-stated factors show that the pandemic may have affected the market moderately and it will ultimately bring the sustainable opportunities for sleepwear market in the coming years.
The global sleepwear industry is witnessing a massive growth mainly due to increasing demand for bridal sleepwear across the globe. Also, now-a-days, newlyweds are preferring trends of silk gowns and nighties for honeymoons driving the global sleepwear market. Furthermore, growing penetration of online shopping of sleepwear globally is one of the factors that may fuel the growth of the global sleepwear market.
Furthermore, sleepwear industry players are adopting innovating strategies to attract customers. For instance, LK Bennett, UK based fashion brand company, currently announced that they have launched new bridal wear collection on their website. These types of factors are predicted to drive the growth of the market.
To know more about global sleepwear market trends, drivers, get in touch with our analysts here.
The availability of fake products in the market is one of the major restraining factors for global sleepwear market. Also, some of the sleepwear such as night suits are very costly as they have expensive fabric. These are some of the factors anticipated to hinder the market value of the sleepwear in the next few years.
The global sleepwear market is spreading at a very fast pace due to increasing demand for sleepwear among the working population of women across the globe. Moreover, in modern and busy lifestyle, people are busy with their work and therefore they need comfortable night wears. All such factors are positively affecting the sleepwear market growth.
Furthermore, sleepwear industry already has leading market players innovating strategies to attract customers. For example, in June 2021, Victoria's Secret, US based Lingerie company, announced that they have launched new nightwear collections on Mother’s Day for maternity and nursing. All such types of innovations and strategic alliances will accelerate the overall sleepwear market and it will bring lucrative market opportunities for key players in the upcoming years.
To know more about global sleepwear market trends, opportunities, get in touch with our analysts here.
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Source: Research Dive Analysis
The women sub-segment is predicted to have a dominating share as well as fastest market growth in the global market and register a revenue of $12,595.7 million during the forecast period. Women’s night wear is trending now a days because of availability of different nightwear for all age groups, driving the global sleepwear market. Furthermore, women’s nightwear is available in various top brands such as Victoria’s Secret which may bolster the growth of the sub-segment during the forecast period and sleepwear market demand.
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Source: Research Dive Analysis
The supermarkets/hypermarkets sub-segment is predicted to have a leading market share in sleepwear globally and register a revenue of $9,028.4 million during the analysis timeframe owing to availability of diverse range of sleepwear products in the supermarket under the same roof, get freedom of selection, and other facilities. Furthermore, at supermarkets, buyers can get quality goods at affordable and lower prices. Such factors may create huge opportunities for the sub-segment throughout the forecast period.
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Source: Research Dive Analysis
The North America sleepwear market accounted $4,416.0 million in 2020 and is projected to register a revenue of $9,402.8 million by 2028. The extensive growth of the North America sleepwear market is mainly driven by factors such as increasing customer demands and preferences for different types of comfortable sleepwear, which are being manufactured and sold in mainly the US and Canada. Also, in North American countries, people are preferring night suits and nigh robes and the existence of top leading companies are augmenting the industry growth in the region. These are some of the factors that are fueling the market growth across the globe.
The share of Asia-Pacific sleepwear market is expected to rise at a CAGR of 11.0%, by registering a revenue of $4,734.4 million by 2028. The growth shall be a result of rising demand for sleepwear across the region owing to increasing working population of women.
Source: Research Dive Analysis
Some of the leading sleepwear market players are L Brands Inc., Triumph International Holding GmBH., Berkshire Hathaway Inc., American Eagle Outfitters, Inc. (AERIE), Hanky Panky Ltd., Hanesbrands Inc., Jockey International, Inc., PVH CORPORATION, MAS Holdings Ltd., and the Chantelle Group.
Porter’s Five Forces Analysis for the Global Sleepwear Market:
Aspect | Particulars |
Historical Market Estimations | 2019-2020 |
Base Year for Market Estimation | 2020 |
Forecast Timeline for Market Projection | 2021-2028 |
Geographical Scope | North America, Europe, Asia-Pacific, LAMEA |
Segmentation by End-User |
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Segmentation by Distribution Channel |
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Key Companies Profiled |
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1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.4.1.Assumptions
1.4.2.Forecast parameters
1.5.Data sources
1.5.1.Primary
1.5.2.Secondary
2.Executive Summary
2.1.360° summary
2.2.By End-User trends
2.3.By Distribution Channel trends
3.Market overview
3.1.Market segmentation & definitions
3.2.Key takeaways
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.4.Market dynamics
3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities
3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.8.1.Stress point analysis
3.8.2.Raw material analysis
3.8.3.Manufacturing process
3.8.4.Sales Channel analysis
3.8.5.Operating vendors
3.8.5.1.Raw material suppliers
3.8.5.2.type manufacturers
3.8.5.3.type distributors
3.9.Strategic overview
4.Sleepwear Market, by End-User
4.1.Women
4.1.1.Key market trends, growth factors, and opportunities
4.1.2.Market size and forecast, by region, 2020-2028
4.1.3.Market share analysis, by country 2020 & 2028
4.2.Men
4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region, 2020-2028
4.2.3.Market share analysis, by country 2020 & 2028
4.3.Kids
4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region, 2020-2028
4.3.3.Market share analysis, by country 2020 & 2028
5.Sleepwear Market, by Distribution channel
5.1.Supermarket/Hypermarket
5.1.1.Key market trends, growth factors, and opportunities
5.1.2.Market size and forecast, by region, 2020-2028
5.1.3.Market share analysis, by country 2020 & 2028
5.2.Specialty Stores
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region, 2020-2028
5.2.3.Market share analysis, by country 2020 & 2028
5.3.Convenient stores
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region, 2020-2028
5.3.3.Market share analysis, by country 2020 & 2028
5.4.Online
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region, 2020-2028
5.4.3.Market share analysis, by country 2020 & 2028
6.Sleepwear Market, by Region
6.1.North America
6.1.1.Key market trends, growth factors, and opportunities
6.1.2.Market size and forecast, by End-User, 2020-2028
6.1.3.Market size and forecast, by Distribution Channel, 2020-2028
6.1.4.Market size and forecast, by country, 2020-2028
6.1.5.U.S.
6.1.5.1.Market size and forecast, by End-User, 2020-2028
6.1.6.Market size and forecast, by Distribution Channel, 2020-2028
6.1.7.Canada
6.1.7.1.Market size and forecast, by End-User, 2020-2028
6.1.8.Market size and forecast, by Distribution Channel, 2020-2028
6.1.9.Mexico
6.1.10.Market size and forecast, by Distribution Channel, 2020-2028
6.2.Europe
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by End-User, 2020-2028
6.2.3.Market size and forecast, by Distribution Channel, 2020-2028
6.2.4.Market size and forecast, by country, 2020-2028
6.2.5.Germany
6.2.5.1.Market size and forecast, by End-User, 2020-2028
6.2.6.Market size and forecast, by Distribution Channel, 2020-2028
6.2.7.UK
6.2.7.1.Market size and forecast, by End-User, 2020-2028
6.2.7.2.Market size and forecast, by Distribution Channel, 2020-2028
6.2.8.France
6.2.8.1.Market size and forecast, by End-User, 2020-2028
6.2.8.2.Market size and forecast, by Distribution Channel, 2020-2028
6.2.9.Spain
6.2.9.1.Market size and forecast, by End-User, 2020-2028
6.2.9.2.Market size and forecast, by Distribution Channel, 2020-2028
6.2.10.Italy
6.2.10.1.Market size and forecast, by End-User, 2020-2028
6.2.10.2.Market size and forecast, by Distribution Channel, 2020-2028
6.2.11.Rest of Europe
6.2.11.1.Market size and forecast, by End-User, 2020-2028
6.2.11.2.Market size and forecast, by Distribution Channel, 2020-2028
6.3.Asia Pacific
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by End-User, 2020-2028
6.3.3.Market size and forecast, by Distribution Channel, 2020-2028
6.3.4.Market size and forecast, by country, 2020-2028
6.3.5.China
6.3.5.1.Market size and forecast, by End-User, 2020-2028
6.3.5.2.Market size and forecast, by Distribution Channel, 2020-2028
6.3.6.Japan
6.3.6.1.Market size and forecast, by End-User, 2020-2028
6.3.6.2.Market size and forecast, by Distribution Channel, 2020-2028
6.3.7.India
6.3.7.1.Market size and forecast, by End-User, 2020-2028
6.3.7.2.Market size and forecast, by Distribution Channel, 2020-2028
6.3.8.South Korea
6.3.8.1.Market size and forecast, by End-User, 2020-2028
6.3.8.2.Market size and forecast, by Distribution Channel, 2020-2028
6.3.9.Australia
6.3.9.1.Market size and forecast, by End-User, 2020 2028
6.3.9.2.Market size and forecast, by Distribution Channel, 2020-2028
6.3.9.3.Comparative market share analysis, 2020 & 2028
6.3.10.Rest of Asia Pacific
6.3.10.1.Market size and forecast, by End-User, 2020-2028
6.3.10.2.Market size and forecast, by Distribution Channel, 2020-2028
6.4.LAMEA
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by End-User, 2020-2028
6.4.2.1.Market size and forecast, by Distribution Channel, 2020-2028
6.4.3.Market size and forecast, by country, 2020-2028
6.4.4.Latin America
6.4.4.1.Market size and forecast, by End-User, 2020-2028
6.4.4.2.Market size and forecast, by Distribution Channel, 2020-2028
6.4.5.Middle East
6.4.5.1.Market size and forecast, by End-User, 2020-2028
6.4.5.2.Market size and forecast, by Distribution Channel, 2020-2028
6.4.6.Africa
6.4.6.1.Market size and forecast, by End-User, 2020-2028
6.4.6.2.Market size and forecast, by Distribution Channel, 2020-2028
7.Company profiles
7.1.L Brands Inc.
7.1.1.Company overview
7.1.2.Operating business segments
7.1.3.End-User portfolio
7.1.4.Financial Performance
7.1.5.Recent strategic moves & developments
7.2.Triumph International Holding GmBH
7.2.1.Company overview
7.2.2.Operating business segments
7.2.3.End-User portfolio
7.2.4.Financial Performance
7.2.5.Recent strategic moves & developments
7.3.Berkshire Hathaway Inc.
7.3.1.Company overview
7.3.2.Operating business segments
7.3.3.End-User portfolio
7.3.4.Financial Performance
7.3.5.Recent strategic moves & developments
7.4.American Eagle Outfitters, Inc
7.4.1.Company overview
7.4.2.Operating business segments
7.4.3.End-User portfolio
7.4.4.Financial Performance
7.4.5.Recent strategic moves & developments
7.5.Hanky Panky Ltd
7.5.1.Company overview
7.5.2.Operating business segments
7.5.3.End-User portfolio
7.5.4.Financial Performance
7.5.5.Recent strategic moves & developments
7.6.Hanesbrands Inc.
7.6.1.Company overview
7.6.2.Operating business segments
7.6.3.End-User portfolio
7.6.4.Financial Performance
7.6.5.Recent strategic moves & developments
7.7.Jockey International, Inc.
7.7.1.Company overview
7.7.2.Operating business segments
7.7.3.End-User portfolio
7.7.4.Financial Performance
7.7.5.Recent strategic moves & developments
7.8.PVH CORPORATION
7.8.1.Company overview
7.8.2.Operating business segments
7.8.3.End-User portfolio
7.8.4.Financial Performance
7.8.5.Recent strategic moves & developments
7.9.MAS Holdings Ltd
7.9.1.Company overview
7.9.2.Operating business segments
7.9.3.End-User portfolio
7.9.4.Financial Performance
7.9.5.Recent strategic moves & developments
7.10.Chantelle Group
7.10.1.Company overview
7.10.2.Operating business segments
7.10.3.End-User portfolio
7.10.4.Financial Performance
7.10.5.Recent strategic moves & developments
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