As per survey firm Report Linker, the global market for children’s wear is estimated to reach a revised size of $325.9 billion by 2027. It is likely to grow at a CAGR of 3.7 per cent over the analysis period 2020-2027.Girls wear is projected to record a 3.8 per ent CAGR and reach $132.3 billion by the end of the analysis period. The boys wear segment is poised to grow at 2.8 per cent CAGR for the next seven-year period.
The US market for children wear is estimated to reach $68 Billion in 2020. China’s market is forecasted to touch $68.8 billion by 2027 at a CAGR of 6.7 per cent over the analysis period 2020 to 2027. Among the other noteworthy markets Japan and Canada, are forecast to grow at 1.1 per cent and 2.8 per cent respectively. Within Europe, Germany is forecasted to grow at approximately 1.9 per cent CAGR.
Global market for infant & toddler wear is expected to be dominated by the US, Canada, Japan, China and Europe, which will together grow at 4.1 per cent CAGR. These regional markets will reach a projected size of $68 billion by 2027. China will remain the fastest-growing in this cluster of regional markets. Led by Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach $46 billion by the year 2027, while Latin America will expand at a 5.6 per cent CAGR through the analysis period.