Global Corporate Clothing market will reach 71408 million US$ by the end of 2025
Published Date: 2019/11/12
Corporate clothing is clothing worn for work, especially work that involves manual labour. Often those employed within trade industries elect to be outfitted in corporate clothing because it is built to provide durability and safety. Corporate clothing has different functional properties. General workwear is one of the largest types, which are mainly used in service industry and manufacturing industry.
The global sales of corporate clothing increased from 2485.59 M Units in 2014 to 2869.34 M Units in 2018, at a CAGR of 3.65%. The global corporate clothing market is valued at USD 54173 million in 2018 and is expected to reach USD 71408 million by the end of 2025, growing at a CAGR of 4.02% between 2018 and 2025. Europe, China, USA and East Asia play an important role in global corporate clothing market. The world corporate clothing sales market will still have a certain amount of growth owing to the increasing of demand. The market in developed countries will have some growth and the market in developing countries will have a faster growth rate.
At present, the production of corporate clothing is distributed evenly in China, Southeast Asia, South Asia, Southern Europe, Central America and Turkey. China still is the largest production country of corporate clothing in the world in the past few years and it will keep the same position in the next few years. European and American manufacturers mainly manufacture high quality corporate clothing, special protective clothing and fashion clothes. Or some international giants such as VF transfer production bases to the rest of the world. This industry is a labor-intensive industry, and it is difficult for local manufacturers in Europe and the United States to compete with low-priced products.
VF Corporation, Fristads Kansas Group, Aramark, Alsico, Adolphe Lafont, Carhartt, Cintas, UniFirst, Sioen and Engelbert Strauss are the world's leading players. The industry's financial and technical barriers are so low that it is difficult to estimate how many companies around the world.
Today’s industrial marketplace is increasingly competitive and requires the ability to reduce costs, raise production and increase accuracy for any business that is going to survive. For businesses that will truly thrive, the ability to lead development and get products to market faster is also critical.
Vendors should recognize the importance of emerging markets and potential applications, particularly in Asia Pacific, and are working towards penetrating this market by strengthening their sales and distribution networks. In the future, QYR predicts that more and more companies will join the industry due to its potential market size. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
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