Global Women's Sweater Market was valued at USD 3.20 Billion in 2022 and is projected to reach USD 4.80 Billion by 2030, growing at a CAGR of 5.40% from 2024 to 2030.
The women's sweater market has experienced significant growth in recent years, driven by evolving fashion trends and increasing consumer demand. In 2021, the global market size for women's jerseys, sweatshirts, and pullovers was substantial, with projections indicating it could reach $274.88 billion by 2028, expanding at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2028.
In India, the eCommerce sector has played a pivotal role in this expansion. The Indian sweaters eCommerce market is expected to reach $925.5 million by 2024, accounting for 7.3% of the apparel eCommerce market in the country. This growth trajectory is anticipated to continue, with a projected CAGR of 21.1% from 2024 to 2028, leading to a market volume of $1,987.9 million by 2028.
Several factors contribute to the pricing dynamics of women's sweaters. Notably, women's sweaters can be more expensive than men's due to higher tariffs and more complex designs. For instance, in 2022, men's wool sweaters had an average tariff rate of 13.6%, while women's wool sweaters faced a higher rate of 14.9%. Additionally, women's apparel often features intricate designs and embellishments, increasing production costs and, consequently, retail prices.
From personal experience, shopping for women's sweaters often involves navigating a wide range of styles, materials, and price points. The emphasis on fashion-forward designs means that women's sweaters frequently incorporate unique patterns, cuts, and detailing, which can justify higher prices. However, this variety allows for greater personal expression and adaptability to different occasions and climates.
Consumer preferences have also shifted towards sustainable and eco-friendly materials. There is a growing demand for sweaters made from natural fibers like cotton, wool, and cellulosic blends. In 2021, the cotton segment accounted for over 32% of the global market, attributed to its breathability, absorbency, and eco-friendly properties.
In conclusion, the women's sweater market is on an upward trajectory, influenced by factors such as eCommerce growth, design complexities, tariff structures, and evolving consumer preferences towards sustainable materials. As the market continues to expand, consumers can anticipate a broader selection of styles and materials, catering to diverse tastes and ethical considerations.
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Vero Moda
ONLY
LEDIN
Ochirly
Inman
Peacebird
Lily
Eifini
Jeanswest
Semir
Tonlion
Loro Piana
Brunello Cucinelli
Pringle of Scotland
Eerdos
Snow Lotus
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Women's Sweater Market
Teenager
Adult Female
Older Women
Based on Types the Market is categorized into Below types that held the largest Women's Sweater market share In 2023.
Pure Cotton
Chemical Fiber
Wool
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Women's Sweater Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Women's Sweater Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Women's Sweater Market, By Type
6. Global Women's Sweater Market, By Application
7. Global Women's Sweater Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Women's Sweater Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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