Research Nester has released a report titled “Workwear and Uniforms Market – Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global workwear and uniforms market in terms of market segmentation by type, by product, by services, by demography, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global workwear and uniforms market is segmented by product into apparel, footwear and accessories, out of which, the apparel segment is anticipated to hold largest market on the back of rising concerns for safety policies amongst manufacturers, for which manufacturers are focusing towards workwears for their workers so as to reduce the probability of an accident. In the statistics by International Labour Organization (ILO), occupational accidents or work-related disease recorded more than 2.78 million deaths per year, whereas, 374 million non-fatal work related injuries happened each year, resulting in more than 4 days of absences from work. Additionally, rising technical advancements in plants and machineries in industries is also raising the demand for advanced fabric and material apparels, which is contributing to the growth of the segment.
The global workwear and uniforms market is anticipated to record a CAGR of around 5.03% during the forecast period, i.e. 2019-2027. Increasing demand for workplace safety for lowering workplace accidental occurrences and growing apparel industry, coupled with growing trends of professionalism by workwear fashion and necessity of analysis of workers’ health by IOT integrated workwears, are some of the notable factors estimated to promote the demand for global workwear and uniforms market throughout the forecast period.
Regionally, the global workwear and uniforms market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Europe is expected to hold largest market share on the back of presence of large number of manufacturing industries and their requirement for workwears for their workers. Also, the presence of developed fashion hubs that uses enhanced technology is estimated to propel the growth of the market in the region over the forecast period.
Moreover, Asia-Pacific is expected to gain significant growth in market share on the back of being the largest exporter of textile and clothing products. The region is also known for provider of greater FDI initiatives by developing economies, low labor costs and others, by which manufacturers around the globe are gaining interests to convert the region into a manufacturing hub, thereby increasing the demand for workwears for their growing number of workers.
Growing Demand for Fabric and Material Innovation
Different industry verticals around the globe are growing with the advancement in plants and machineries. Added aspects to these technical advancements have also raised the concern for workwears which meets the necessary criteria for workers to operate these machineries.
Owing to such a factor, enterprises are opting for workwears which are optimized to such working conditions, keeping the worker safe from any accidental occurrences that might happen at the work place.
However, concern for presence of substitutes for workwear uniforms is expected to operate as a key restraint to the growth of the global workwear and uniforms market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global workwear and uniforms market, which includes company profiling of VF Corporation (NYSE: VFC), Williamson-Dickie Mfg. Co., LLC, Fristads Kansas Group, Carhartt, Inc., Aramark Uniform & Career Apparel, Alsico, UniFirst Corporation (NYSE: UNF), Cintas Corporation (NASDAQ: CTAS), A. Lafont SAS and Sioen N.V. (EBR: SIOE).
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global workwear and uniforms market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.