Global Denim Jeans Market to Reach $83.2 Billion by 2026

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May 27, 2021, 12:07 ET

SAN FRANCISCO, May 27, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Denim Jeans - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 18; Released: May 2021
Executive Engagements: 10215
Companies: 526– Players covered include 7 For All Mankind; Aarvee Denims & Exports Ltd.; Arvind Limited; Black Peony (Group) Co., Ltd.; Diesel S.p.A; Edwin Co. Ltd.; Gap Inc.; Inditex; Levi Strauss & Co.; Mavi Jeans; Nien Hsing Textile Co. Ltd.; Orta Anadolu; Pepe Jeans London; Raymond Group and Others.
Coverage: All major geographies and key segments
Segments: Sales Channel (Offline, Online); End-Use (Men, Women, Children)
Geographies: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

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ABSTRACT-

Global Denim Jeans Market to Reach $83.2 Billion by 2026
Globally, the popularity of denim is growing. The growing interest towards a casual look is fueling the sales in the market. Rising number of women joining workforce, rapid rates of urbanization, westernization of lifestyles in emerging economies, and rising fashion consciousness are factors propelling growth in the global market for denim jeans. Manufacturers are innovating and offering newer designs, styles, and fits to suit changing consumer preferences and fashion trends. Additionally, jeans are also being considered ideal for various special occasions, apart from casual wear, including formal attire as work wear. Growing penetration of casual wear in the workplace, coupled with rising employment of the young generation have been auguring well for the global denim apparels market. Recent popularity of colored denims and launch of newer styles expanded the range of products available. The market is further propelled by the growth in the premium denim jeans segment.

Amid the COVID-19 crisis, the global market for Denim Jeans estimated at US$63.5 Billion in the year 2020, is projected to reach a revised size of US$83.2 Billion by 2026, growing at a CAGR of 4.7% over the analysis period. Offline, one of the segments analyzed in the report, is projected to record 4.2% CAGR and reach US$71.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Online segment is readjusted to a revised 7.4% CAGR for the next 7-year period. The popularity of online sales channels is driven by a growing number of consumers using the Internet to browse various websites and indulge in web based shopping. In addition, ability of online stores to offer less expensive products in comparison to physical formats of these stores, along with eliminating the requirement of dealing with queues and crowds is driving consumers towards online retail purchases. Offering a wide array of brands, speciality stores attract customers employing strategic marketing initiatives as well as merchandising.

The U.S. Market is Estimated at $16.4 Billion in 2021, While China is Forecast to Reach $18.4 Billion by 2026
The Denim Jeans market in the U.S. is estimated at US$16.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.4 Billion by the year 2026 trailing a CAGR of 7.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. The US represents the biggest consumer of denim jeans worldwide and has the largest per capita consumer of jeans in the world. Increasing disposable income levels, higher fashion consciousness, and the shift towards casual dressing in the workplace are some of the major factors driving demand for denim jeans in these regions. A major portion of future growth in the denim jeans market is likely to emanate from developing nations such as China, India, South Korea, Brazil, Mexico, Turkey, the UAE and Saudi Arabia, among others. Factors such as influence of westernization and urbanization, increase in the number of women joining workforce and rising fashion consciousness among consumers are expected to propel growth in the global denim jeans market. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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