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Ethnic Wear Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Biba Apparel, Manyavar, Shanghai Tang, Shimamura co., Wacoal holding Corp., Thebe Magugu

01 Aug, 2022 | 104 Pages
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Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Ethnic Wear Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.9% during the review period (2022 to 2027).



Ethnic Wear Market Overview



The size of the worldwide ethnic wear market was estimated at USD 77.6 billion in 2020, and it is expected to increase at a CAGR of 6.9 percent from 2021 to 2027. As a result of globalization, the mobility of culture and tradition, as well as people travelling to and residing in many countries, there has been a significant increase in demand for ethnic clothing from diverse countries throughout the world. The COVID 19 catastrophe has caught everyone off guard. The pandemic is a problem for many types of enterprises and industries worldwide.



With lockdowns, shifting consumer behavior, and declining retail sales, the textile and apparel industry was one of the hardest hits after travel. More importantly, sales channels and buying behavior have changed. These changes not only affected product quantities, but also product types and distribution channels. With these changes, the effects on the industry are not limited to a change in capacity, but extend to the production models and will permanently disrupt value chains in the medium and long term.



Who are the Major Players in Ethnic Wear Market?



The global Ethnic Wear includes Biba Apparel, Manyavar, Shanghai Tang, Shimamura co., Wacoal holding Corp., Thebe Magugu, Lemlem, Afrikrea, Global Desi, ELIA SAAB



Recent Developments:



Manyavar-owner Vedant Fashions shares rise on debut, list at premium



16 Feb 2022, - Shares of Vedant Fashions, which owns the ethnic wear brand Manyavar, made stock market debut on Wednesday, following the completion of its ₹3,149-crore offer-for-sale (OFS) share sale last week, which was subscribed 2.6 times. The stock listed at ₹935 per share on the NSE, a premium of 8% as compared to IPO issue price of ₹866. On BSE, Vedant Fashion shares started trading at ₹936.



What are the major Applications, Types and Regions for Ethnic Wear Market?



Ethnic Wear Market is segmented based on the type, applications, companies and regions.



By Product Type, it is segmented into




  • Metal Material

  • Plastic Material

  • Glass Material



By Application, it is segmented into




  • Chemical

  • Pharmaceuticals

  • Household Care

  • Others



Ethnic Wear Market Regional Analysis



Asia Pacific dominated the ethnic clothing market in terms of value, accounting for the greatest revenue share of 60.7 percent in 2020. Additionally, a CAGR of 6.9 percent is anticipated during the predicted period. India seems to be a successful market for ethnic clothing in Asia Pacific and is expected to maintain its market share dominance.



The country's e-commerce industry has grown significantly in recent years. Local firms now have the chance to compete on a worldwide scale thanks to e-commerce platforms' opening up of the market. Indian fashion firms are increasingly using these platforms to expand their reach into the worldwide market, which has increased demand for Indian ethnic wears abroad from customers eager to acquire classic embroidered sarees, kaftans, tunics, and kurtis that are offered on internet retailers.




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





What is our Ethnic Wear Market report scope?























































Reports Attributes



Report Details



Forecast Period 2022 to 2027 CAGR



CAGR of 6.9% during the review period (2022 to 2027).



By Type




  •  Men

  • Women



By Application



 




  • Online

  • Offline



By Companies



Biba Apparel, Manyavar, Shanghai Tang, Shimamura co., Wacoal holding Corp., Thebe Magugu, Lemlem, Afrikrea, Global Desi, ELIA SAAB



Regions Covered



•North America



•Europe



•Asia-Pacific



•Rest of the World



Countries Covered



•US



•Canada



•Germany



•France



•UK



•Italy



•Spain



•Rest of Europe



•China



•Japan



•India



•Australia



•South Korea



•Rest of Asia-Pacific



•Middle East & Africa



•Latin America



Base Year



2022



Historical Year



2017 to 2021



Forecast Year



2022 to 2027



Number of Pages



104



Customization Available



Yes, the report can be customized as per your needs




 



Key Takeaways from this Ethnic Wear Report




  • Evaluate Ethnic Wear market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.

  • Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.

  • Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.

  • Analyze the sales and distribution channels across geographies to enhance top-line revenues.

  • Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.

  • Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.

  • Get a quick outlook on the Ethnic Wear market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

  • Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

  • It further investigates the specifics that are positively impacting the profit graph of this business sphere.

  • The study also elaborates the critical factors which will augment the commercial terrain of the Ethnic Wear market.



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.



Frequently Asked Questions



What is the study period of this market?



The Ethnic Wear Market is studied from 2017 - 2027.



What is the growth rate of Ethnic Wear Market?



The Ethnic Wear Market is growing at a CAGR of 6.9% over the next 5 years.



Who are the leading key players in Ethnic Wear Market?



Biba Apparel, Manyavar, Shanghai Tang, Shimamura co., Wacoal holding Corp., Thebe Magugu, Lemlem, Afrikrea, Global Desi, ELIA SAAB



What regions does this Ethnic Wear Market report covers?



North America (the 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, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Ethnic Wear Market?



Men, Women



What are the significant Applications of Ethnic Wear Market?



Online, Offline


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL ETHNIC WEAR MARKET BY TYPES

    3. ETHNIC WEAR MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR ETHNIC WEAR



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. ETHNIC WEAR GROWTH

      2. APPLICATION OF ETHNIC WEAR



    4. IMPACT OF COVID 19



  5. GLOBAL ETHNIC WEAR MARKET, TYPES

    1. MEN

    2. WOMEN



  6. GLOBAL ETHNIC WEAR MARKET, BY APPLICATION

    1. ONLINE

    2. OFFLINE



  7. GLOBAL ETHNIC WEAR MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. Biba Apparel

      2. Manyavar

      3. Shanghai Tang

      4. Shimamura co.

      5. Wacoal holding Corp.

      6. Thebe Magugu

      7. Lemlem

      8. Afrikrea

      9. Global Desi

      10. ELIA SAAB





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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