Global high-end children's clothing accounts for about 20% of the children's clothing market
According to data from Grand View Research, the global market for children's clothing was US$185.68 billion in 2018, growing to US$197.2 billion in 2019, and is expected to exceed US$280 billion by 2025. At present, the global high-end children's clothing accounts for about 18% of the children's clothing market, and the market size in 2019 is about 35.5 billion US dollars.
1. The global children's clothing market is growing against the trend
In recent years, the booming global children's wear market seems to be immune to the impact of the global economic slowdown. When the sales of many categories of luxury brands are unfavorable, the children's wear market has been thriving. According to data from Grand View Research, the global market for children's clothing was US$185.68 billion in 2018, growing to US$197.2 billion in 2019, and is expected to exceed US$280 billion by 2025.
At present, the global high-end children's clothing accounts for about 18% of the children's clothing market, and the market size in 2019 is about 35.5 billion US dollars. In the future, with the growth of the market in the Asia-Pacific region and the Middle East, the proportion of high-end children's clothing in the children's clothing market will continue to increase, and the scale will reach about 59.5 billion US dollars by 2025.
2. The children's clothing market in the Middle East is growing rapidly
The Asia-Pacific region accounts for a significant market share in the global children's clothing market owing to the growing infant population, especially in developing countries such as India and China. Strong economic growth and rising household incomes are increasing consumer spending on children's clothing and footwear in Asia Pacific.
The increasing number of HNWIs and urbanization in Middle Eastern countries, especially Saudi Arabia, Qatar and the UAE, has created huge opportunities for luxury children's clothing brands to enter the clothing market in these countries, which is driving the local children's clothing market development of.
At the same time, the growth of the Middle East market has attracted a large number of brands to enter. For example, many international luxury childrenswear brands such as Dolce & Gabbana, Stella McCartney and Gucci offer products for sale in the Middle East and North America.
In some developed countries, the market share of the leading brands of children's clothing is about 10%-15%. In France, ID Group ranks first in market share, Carter is the leading brand of children's clothing in the United States, Shimamura in Japan, and NEXT in the United Kingdom.
