Sleepwear Market Size | Strategic Analysis, Growth Drivers, Trends, Demand and Forecast to 2023–2030 | IMR


Posted February 23, 2024 by UdaySharma123

Global Sleepwear Market Size Was Valued at USD 12.1 Billion in 2022, and is Projected to Reach USD 20.48 Billion by 2030, Growing at a CAGR of 6.8% From 2023-2030.

 
Clothing intended to be worn while sleeping is called sleepwear. Wearing sleepwear allows you to unwind after a long day. Furthermore, most people take it for granted that "exercise is medicine." Recent studies have demonstrated that the same rule applies to diet and sleep. In fact, just as food and exercise are medicines, so is sleep. According to a recent Centers for Disease Control (CDC) research, 50–70 million adults in the United States suffer with sleep and wakefulness syndrome. Furthermore, it is much more upsetting when children have trouble falling asleep at night. Furthermore, 20% to 30% of kids are thought to have sleep issues, according to a study conducted by Dr. Jodi Mindell of the Sleep Center at the Children's Hospital of Philadelphia.
The National Cancer Institute (NCBI) states that apparent health consequences from inadequate sleep include obesity, diabetes, and cardiovascular disorders. As a result, getting enough sleep is critical to general health and wellbeing. Since wearing certain garments while sleeping is linked to having a restful night's sleep, all of these factors will support the growth of the sleepwear market during the forecast period. Furthermore, the phrase "beauty sleep" refers to sleeping, which is a crucial component of a skincare regimen that helps the skin seem younger and age more gracefully. Sleepwear is vital to making this process comfortable.
Market Dynamics and Factors of The Sleepwear Market
Drivers:
Economic Uncertainty: Consumer expenditure on non-essential items like sleepwear can be impacted by economic downturns and volatility in disposable income. There may be a decrease in demand for high-end or luxury sleepwear products when consumers prioritize necessary purchases over discretionary expenditure during uncertain economic times.
Pricing Pressure from Competition: There is fierce competition in the sleepwear sector, with many firms providing a large selection of goods at different price points. Profit margins may be impacted by price competition, especially for specialty or smaller sleepwear companies that may find it difficult to compete with more established, bigger companies that provide more affordable options.
Restraints:
Trends in Comfort and Wellness: As the importance of comfort and wellness has grown, so has the market for premium sleepwear composed of breathable, soft materials like modal, cotton, and silk. The growing awareness among consumers that sleep is a crucial aspect of their overall health has resulted in the need for cozy sleepwear that promotes relaxation and sound sleep.
Fashion and Style Preferences: Customers' desire for fashionable and aesthetically pleasing sleepwear options drives the sleepwear market. Fashion trends play a vital impact in this regard. Fashionable sleepwear designs that can also be worn casually are becoming more and more popular among customers searching for multipurpose solutions, as loungewear continues to erase the boundaries between indoor and outdoor apparel.
Opportunities:
Digital Transformation: Sleepwear manufacturers now have the chance to interact with consumers online and reach a wider audience thanks to the growth of e-commerce and digital marketing. Sleepwear brands can boost sales growth and increase brand recognition by investing in e-commerce platforms, influencer partnerships, and social media marketing.
Customization and Personalization: You may satisfy specific customer preferences and increase brand loyalty by providing bespoke sleepwear alternatives including configurable sizing, colors, and designs. With the use of customization technology like virtual fitting rooms and 3D body scanning, brands can provide customers with made-to-measure sleepwear experiences.
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Analysis of the Top Market Players:
• CHRIS & CAROL (US)
• Lunya (US)
• Parachute (US)
• Mono B (US)
• AMERICA & BEYOND (US)
• Yellow Cabbage Wholesale (US)
• PVH Corp. (US)
• BEWICKED (US)
• Calvin Klein (US)
• NASTYGAL.COM LTD. (US)
• Victoria's Secret (US)
• Jockey (US)
• Selfridges & Co. (France)
• Hedone (France)
• Coyne et Thomas (France)
Introspective Market Research specializes in delivering comprehensive Market research studies that offer valuable insights and strategic guidance to businesses worldwide. With a focus on reliability and accuracy, our reports empower informed decision-making. An in-depth examination of the overall Sleepwear industry is done to provide this Market report encompassing all essential Market fundamentals. Our findings are built upon a solid foundation, drawing from a wide range of primary and secondary sources. To further enhance the comprehensiveness of our evaluation, we employ industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis. In addition to delving into the Market's intricacies, our study places a significant emphasis on the complete ecosystem of the --Sleepwear Market. We dive deep into the functions and interdependencies of various Market stakeholders, providing valuable insights into their roles within the industry. Moreover, our comprehensive geographical coverage enables a profound understanding of regional trends.

Segmentation of Sleepwear Market
The Global Sleepwear Market is segmented on the basis of software Game, Platform, Gender, Age of The Player, and Region.
By Type
• Top-wear
• Bottom-wear
• Nightdresses/Gowns
• Sleepwear Set
By Fabric Type
• Cotton
• Silk
• Synthetic
• Merino Wool
• Others
By End Users
• Men
• Women
• Kids
By Region
• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
The state-of-the-art research on Sleepwear Market, which is a detailed analysis of business space inclusive of the current Market trends, competitive background, and size of the Market. Encircling one or more parameters among analysis of the product, application potential, and Global and regional growth strategies.

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Issued By Uday
Country India
Categories Business
Tags sleepwear market , sleepwear size , sleepwear growth , sleepwear trend , sleepwear segment , sleepwear opportunity , sleepwear analysis 2023 , sleepwear forecast
Last Updated February 23, 2024