QYResearch: Global Workwear Market reach 71.2 billion USD in 2023
Workwear is clothing worn for work, especially work that involves manual labour. Often those employed within trade industries elect to be outfitted in workwear because it is built to provide durability and safety. Workwear has different functional properties. Anti-static workwear is one of the largest type, which is mainly used in petroleum industry, coal industry, electronics industry, fireworks industry and other industries. And anti-static workwear took up 15.8% of the total production in 2016.
According to QYResearch, The global production of workwear increased from 2124.29 M Units in 2012 to 3193.90 M Units in 2016 at an average annual growth rate of more than 4.0%.In 2016, the global workwear market was valued at 47.3 billion USD, and by 2023 the global workwear market is expected to reach 71.2 billion USD.
At present, the production of workwear is distributed evenly in North America, Europe, China, Southern Asia. China is the largest production country of workwear in the world in the past few years and it will keep the same position in the next few years. The China market took up about 39.47% in the global production market in 2016. At present, many US companies have production bases in Central America and Mexico. European companies are slowly moving the production base. To a certain extent, the industry is a labor-intensive industry. At present, China and South Asia's market share is rising.
The technology of workwear industry is simple. The top five manufacturers of workwear are VF Corporation, Williamson Dickie, Aramark, Alsico, Carhartt. Top five company production only took up about 3.37% of the global market in 2016. VF Corporation is a global market leader. In 2016, VF Corporation's production reached 26.05 M Units.
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