Fashion Design Products Market Size By Gender (Men, Women, Kids), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Fashion Design Products Market size was valued at USD 217.83 Million in 2021 and is projected to reach USD 355.85 Million by 2030, growing at a CAGR of 5.8% from 2022 to 2030.
Artificial intelligence is reshaping brands’ approaches to product design and development which is expected to boost market growth. Also, increasing demand for fast fashion and sustainability in the fashion industry is expected to boost the Fashion Design Products Market. The Global Fashion Design Products Market report provides a holistic market evaluation. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Market Definition – Global Fashion Design Products Market
Our fashion line? It's huge and covers pretty much everything. We offer products for, well, everyone! Think mass-market goodies, fast-fashion finds, and even those specialized, artisanal pieces, whether they're traditional or totally repurposed. We're talking the classic fashion merchandise categories, of course, you know, those things that are always changing because, well, people's tastes are always changing! That's where suppliers can really shine – keeping up with those trends and giving people what they crave. When we talk about a fashion design product, we mean anything made for retail sale – a killer dress, a fresh pair of kicks, or that perfect fashion accessory. And honestly, here at Apparel Search, we're open to stretching that definition to include amazing jewelry, cosmetics, colognes, and other beauty must-haves. Basically, when it comes to fashion merchandise, we're talking clothes, shoes, jewelry, accessories, and even things like fragrances, eyeglasses, and makeup!
Fashion design is an artistic discipline that focuses on creating clothing and other products used in daily life. In addition to creating for certain target demographics and/or subcultures, fashion businesses are now producing more than simply clothing. Fashion design is defined by the creators of new footwear, jewelry, apparel, clothing, accessories, etc. A variety of talents, including imagination, market research, drawing, and fabric selection, are required for fashion design. The process is steered from conception to manufacturing by fashion designers.
Market Overview – Global Fashion Design Products Market
Artificial intelligence is reshaping brands’ approaches to product design and development which is expected to boost market growth. Also, increasing demand for fast fashion and sustainability in the fashion industry is expected to boost the Fashion Design Products Market. But, Environmental and social impact along with product counterfeiting is expected to hinder the market growth. Increasing trends of e-commerce, internet of things (IoT), and smart clothing in the fashion industry to boost the market growth.
Artificial intelligence will change the way brands approach product design and development, focusing on predicting what customers will want to wear next. However, algorithms will not replace human designers anytime soon. If the fashion houses’ experiments have shown anything, it’s that human involvement is essential to harnessing the insights provided by artificial intelligence and translating them into appealing, wearable clothing.
Outside of fashion, manufacturers are already using AI to create finished product prototypes for products ranging from aircraft parts to golf equipment.
Google has already tested the waters of user AI fashion design with Project Muze, an experiment it deployed in partnership with German fashion platform Zalando in 2016. From there, Project Muze used an algorithm to create designs based on users’ interests and in line with style preferences recognized by the network.
Segmentation Analysis – Global Fashion Design Products Market
The Global Fashion Design Products Market is segmented based on Gender, and Geography.
Fashion Design Products Market, By Gender
• Men• Women• Kids
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On the basis of Gender, the Global Fashion Design Products Market is classified into Men, Women, and Kids. Women accounted for the largest market share of 57.01% in 2021, with a market value of USD 124.18 Billion, and are projected to grow at the highest CAGR of 6.38% during the forecast period. Men were the second-largest market in 2021, valued at USD 65.73 Billion in 2021; it is projected to grow at a CAGR of 5.53%.
Fashion Design Products Market, By Geography
• North America• Europe• Asia Pacific• Rest of the world
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On the basis of regional analysis, the Global Fashion Design Products Market is classified into North America, Europe, Asia Pacific, and Rest of the world. Asia Pacific accounted for the largest market share of 32.99% in 2021, with a market value of USD 71.87 Billion, and is projected to grow at a CAGR of 6.49% during the forecast period. North America was the second-largest market in 2021, valued at USD 68.12 Billion in 2021; it is projected to grow at a CAGR of 5.95%.
Key Players
The “Global Fashion Design Products Market” study report will deliver valuable insight with an emphasis on the global market. The major players in the market are Ralph Lauren, Guccio Gucci S.p.A., Burberry, Dior, CHANEL, The Donna Karan Company (DKNY), Giorgio Armani S.P.A., Calvin Klein, Gianni Versace S.r.l., Pierre Cardin, Christian Louboutin, Alexander McQueen, Valentino S.p.A., Nickie Nina, and Poshmark, Inc, and Others.
Key Developments
• RALPH LAUREN – Partnership (January 2022) – Franklin Venture Partners and Ralph Lauren Corporation have established a strategic relationship that will aim to invest in cutting-edge consumer technology businesses with a special emphasis on businesses run by women.
• Burberry – Partnership (November 2019) – Burberry, a premium fashion brand, and Tencent, a leader in Chinese technology, have formed an exclusive partnership to advance social shopping in China.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2030
BASE YEAR
2021
FORECAST PERIOD
2022-2030
HISTORICAL PERIOD
2018-2020
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Ralph Lauren, Guccio Gucci S.p.A., Burberry, Dior, CHANEL, The Donna Karan Company (DKNY), Giorgio Armani S.P.A., Calvin Klein, & Others
SEGMENTS COVERED
Gender, and Geography
CUSTOMIZATION SCOPE
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Reasons to Purchase this Report
We take a good hard look at the market, using both numbers and more qualitative insights to understand different segments from all angles. We'll give you the market value (in USD Billion!) for each segment, down to the smallest sub-segment. We'll also point out the region and segment we think are going to be the real growth engines, the ones that will really take off and dominate. Our geographic analysis dives into how the product or service is actually used in different regions, and what's influencing the market in each place. You'll get a clear picture of the competitive scene, including rankings of the big players, what new services or products they've launched, their partnerships, how they've expanded, and any acquisitions they've made in the last five years. Plus, we provide detailed company profiles, packed with company overviews, key insights, product benchmarking, and even a SWOT analysis for the major players. We'll give you the current and future outlook for the industry, highlighting growth opportunities, drivers, and the challenges & restraints in both emerging and developed regions. We also include an in-depth analysis using Porter's five forces and give you insight into the market through the Value Chain. Finally, we provide a look at the market dynamics, pinpointing growth opportunities on the horizon, all backed by 6 months of post-sales analyst support.
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