Workwear Market Overview:
Workwear refers to the garments worn by industrial workers or blue collared workers in an industrial workspace. This is primarily designed keeping in mind that these workers tend to move quite a lot with a rough and tough lifestyle, and therefore, need to rely on safety and durability factors. The rising demand for better standards of protection for industrial workers has given an impetus to the market. Rising number of industrial jobs, off shore jobs and jobs relating to wear and tear has also boosted the market substantially. Most industries have tie-ups with workwear firms and are characterized by the logo on the clothes. These workwear firms are chosen based on trust factors and previous relationships. They can be bifurcated upon as bib pants, shirts, pants, waistcoats, jackets etc. They can be further categorized into protective wear, basic workwear or custom-made workwear.
Workwear Market Size:
The Workwear Market was valued at USD 24140 million in 2016 and poised to touch USD 35120 million by 2021 growing at a CAGR of 6.54% during the forecast period 2016 to 2021.
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Workwear Market Drivers and Restraints:
Of late, there have been specially made workwear for the women sector. This has come about recently with the advent of women into these tough jobs. Unisex garments are making way for more comfortable garments for women. Newer formats of these workwear are turning out to be flame resistant, water proof, oil resistant, thermal etc. Footwear, an important component of workwear has relatively grown faster than the apparel market in the last few years. Demand for functional and stylish custom clothes have increased in the past few years with firms attempting to better the working standards on an individual level. Better living conditions at workplace, safety of worker, increasing demand for the jobs, and pressure from government regulations are expected to boost the market on a high scale.
Workwear Market Geographical Segmentation:
The global market can be segmented into North America, Europe, Asia Pacific, Middle East and South America. Europe currently is the largest market as well as producer of workwear followed by North America, particularly United States. Asia Pacific is known to be the fastest growing region with a CAGR rate of over 6.5% up to 2024. As it is a part of one’s protective equipment, there are government regulations in place regarding the standard of quality of the workwear.
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Key Players of Workwear Market:
Some of the known names in this market are Globe International Limited, Dickles Group, Aditya Birla Corporation, Aramark, DASSY Europe, Hultafors Group etc. Because of the stringent quality regulations in place, the market is highly organized and big players often collaborate to reduce costs, thereby, reducing prices on an economic scale.
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