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The global sleepwear and loungewear market is expecting significant growth. It is driven by the clients changing clothing practice and escalating expansion of e-commerce platforms. Sleepwear is also called nightwear and night outfit. It is ready-for-bed clothes. They are a generous fitting designed for offering comfort and relaxed sleep. Loungewear is a casual as well as sophisticated product for relaxing at-home clothes. They are body conscious fitting made up of cotton blends.
These products are usually available in bright and bold colors. They include notched color, trousers, and night shirts. These products are extensively used in homes, hospitals, and dormitories and many other purposes. These products are also influenced by seasonal clothing which is offering different types of nightwear according to the surrounding temperature.
Changing Consumer Lifestyle and Increasing Preference for Sustainable Clothes Boost Market Growth
The growing aspect that may impel market growth is rapid change in consumer lifestyles. Increasing remote workings by a lot of companies are pushing employees to dress casually. This is encouraging demand for comfortable clothes. Increasing disposable incomes of the peoples is increasing purchasing powers which are boosting demand for high-quality products, particularly, in the emerging regions.
Furthermore, the rising inclination towards sustainable fashion by the end-users is furling market growth. Customers are getting gravitated towards eco-friendly and organic material is pushing manufactures to introduce such material production to increase sales. Additionally, adoption of advanced techniques and formulation is fostering market growth. These advanced techniques are used for creating moisture-wicking; temperature-regulation as well as antibacterial fabrics enhance product appeals.
Unstable Raw Material Prices and Market Saturation Impede Market Growth
The off-putting factor for market impediment is the fluctuation of cost of raw materials. This instability of resource prices is posing difficulty for manufacturers to produce finished goods at low prices. Logistics hurdle is also incurring extra cost on product of cloths. The geopolitics disputes and worldwide crisis are affecting production and delivery of final products. Moreover, consumers with low incomes and who are prices sensitive
Furthermore, the market is facing obstruction that may hamper growth due to the fast saturation of the market. There is also increasing competition due to penetration of new companies and adoption of various tactics by the existing players are causing barriers for the particular brand to make their space in this competitive market. Impacting the demand for expensive products, this factor is demanding less expensive clothes and as a result it is reducing profit margins.
Personalized and Custom Product and Smart Sleepwear Integration Create Opportunity for Market Expansion
One of the most significant opportunities for market growth is the increasing utilization of personalized as well as custom products by end-users. AI-drive customization and monogramming services are having potential to attract many premium customers and are supporting market growth. Additionally, utilization of sustainable as well as ethical fashions is impelling market growth. Manufacturers are expanding their product collection by using environmentally-friendly resources. The offering of fair-trade certified materials is drawing the attention of numerous buyers.
Furthermore, incorporation of smart technologies into the products is opening new avenues for market growth. For instance, according to the Japan Textile Federation, Japan is leading in high-tech fabric innovations for loungewear and it holds 35% of patents in the industry. This smartness in products helps in temperature control and keeps sleeping tacks. They also offer wellness features as game-changers for market players to expand their market presence. Additionally, increasing men’s and kid’s wear are also fostering market growth.
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The report covers the following key insights:
Based on category, the sleepwear and loungewear market is divided into sleepwear and loungewear.
The loungewear segment is leading in the market, driven by the growing demand for secure and all-day wear. The world is changing to work from home, prioritizing comfort in every day attire underpins is an impelling requirement for the segment.
The sleepwear is projected to have significant growth in the market, caused by the rising requirement for a good night sleep which is ensured by this segment project. It is catering various needs such as comfort, breathable fabric and innovation in material technology, impelling growth of the segment.
Based on material, the sleepwear and loungewear market is divided into cotton, silk, linen, wool, polyester, and others.
The cotton segment is leading in the market, caused by its hypoallergenic and comfort along with relaxing properties. It is the most commonly used material for making of the clothes along with innovations in organic and sustainable cotton products, propelling segment growth.
The others segment such as bamboo material is anticipated to grow at a fast rate due to the increasing demand for eco-friendly and superior properties materials. Changing preference of consumers towards environmentally-friendly products is fostering segment growth.
Based on end-user, the sleepwear and loungewear market is divided into men, women, and children.
The women segment is leading in the market, driven by the broad range of garments for females. Growing demand for stylish as well as comfortable clothing is attracting numerous customers.
The men’s category is expected to expand in the market, caused by the shifting attitudes of male and their priority for comfortableness at home is fueling segment growth.
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Based on geography, the market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America is the leading region in the market, driven by the escalating shopper expenditure on fashion and comfortable products by the population. The existence of top brands, who offer premium and designer products, is impelling market growth. In addition, the expansion of e-commerce platforms and subscription-based nightdress services among people is supporting market growth.
Europe is witnessing considerable growth in the market, caused by the rising preference for sustainable and luxury products. Growing influence of fashionable home wear choices by the end-users are boosting demand for the product in this region. Additionally, expansion of D2C branding is contributing market growth.
Asia Pacific is anticipated to be the fastest growing region due to the fast urbanization and rising spending income in developing countries is impelling market growth. China and India are major countries which are boosting market growth. Social media and celebrity endorsements are fueling demand for the product. Additionally, the expansion o f international brands in emerging markets are attracting several consumers and as a result it is fostering market growth.
The report includes the profiles of the following key players:
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