The denim market is expected to witness market growth at a rate of 6.7% in the forecast period of 2022 to 2029. Data Bridge Market Research report on denim market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the consumer disposable income levels is escalating the growth of the denim market.
Denim is a cloth that is made of cotton that is rough and thick in nature. Denim was originally created for the usage in work clothes and slowly gained its significance as a material that is utilized in other types of apparel. Currently, denim is a vital and fashionable item in every wardrobe. Manufacturing of garments from denim is a profitable business.
Major factors that are expected to boost the growth of the denim market in the forecast period are the rise in the urbanization and increasing trend of denim shirts. Furthermore, the growing popularity of stretchable denim jeans by blending cotton with synthetic material is further anticipated to propel the growth of the denim market. Moreover, the increased initiative by the government to improve the product manufacturing is further estimated to cushion the growth of the denim market. On the other hand, the rise in the prevalence for cheap woollen wear is further projected to impede the growth of the denim market in the timeline period.
In addition, the easy accessibility of raw material and the growing advancement of denim wear will further provide potential opportunities for the growth of the denim market in the coming years. However, the variation in the price of raw material and altering fashion & consumer preference might further challenge the growth of the denim market in the near future.
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Denim Market Country Level Analysis
The denim market is analyzed, and market size, volume information is provided by country, product, consumer type, distribution channel and type as referenced above.
The countries covered in the denim market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, rest of the Middle East and Africa (M.E.A.) as a part of the Middle East and Africa (M.E.A.), Brazil, Argentina and rest of South America as part of South America.
North America dominates the denim market due to the rise in the women’s wear industry. Furthermore, the expansion in the revenue of retail sales in the apparel sector will further boost the growth of the denim market in the region during the forecast period. Asia-Pacific is projected to observe a significant amount of growth in the denim market due to the occurrence of major key players. Moreover, increasing product demand because of the shift in lifestyles is further anticipated to propel the growth of the denim market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Denim Market Share Analysis
The denim market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the denim market.
Some of the major players operating in the denim market are Levi Strauss & Co., The Gap, Inc, VF Corporation, H&M, PVH Corp., Pepe Jeans, U.S. Polo Assn., Adidas, Detroit Denim Co, Diesel SpA, Tommy Hilfiger licensing, LLC, LNJ DENIM, ABSOLUTE, Partap Group, Aarvee Denims & Exports
Limited, Everlane, KG Denim Ltd., Bestseller A/S, U.S. Polo Assn., KERING, Raymond Group, Inditex and 7 FOR ALL MANKIND among others.
Global Denim Market Scope and Market Size
The denim market is segmented on the basis of product, consumer type, distribution channel and type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the denim market is segmented into jeans, jacket & shirts, trousers, dresses, shots and track pants, jumpsuits, dungarees and others.
- On the basis of consumer type, the denim market is segmented into men, women and children.
- On the basis of distribution channel, the denim market is segmented into specialty stores, department stores, online, hypermarket & supermarket and exclusive stores.
- On the basis of type, the denim market is divided into light denim, medium denim and heavy denim.
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Global Denim Market Report Answers the Following Questions:
- What are the current trends and future projections for the Global Denim Market?
- What are the major drivers and challenges facing the Global Denim Market?
- How is the Global Denim Market segmented by product type?
- What is the market share of the leading players in the Global Denim Market?
- How has the COVID-19 pandemic impacted the Global Denim Market?
- What are the key distribution channels for timing devices in the global market?
- How is the Global Denim Market affected by the integration of new technologies?
- What is the impact of regulations and standards on the Global Denim Market?
- How is the Global Denim Market expected to evolve in the next five years?
- What are the opportunities for new market participants in the Global Denim Market?
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