Rockville, WA -- (SBWIRE) -- 07/07/2018 -- According to a recent market research report by Fact.MR, the global market for children wear is treading along a dynamic growth path and has earned the recognition of being one of the most lucrative and fastest expanding segments of the global apparel and footwear market. The report, titled "Children Wear Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022," states that the global market for children wear will exhibit a moderate CAGR over the forecast period and rise to a revenue opportunity of US$200 bn by 2022.

Despite the declining birth rates across the globe, the market is expanding at a promising pace owing to the rising demand for quality products from parents that are highly focused on safety of their children and prefer new clothes instead of used products. This trend is especially true for people residing in developing economies across the globe, where birth rates are still relatively high as compared to developed economies and disposable incomes are steadily rising.

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Owing to the rising influence of social media and the rising popularity of other mass communication mediums such as the internet and television, the market for children wear has transformed into a trend-driven industry. Moreover, children are more exposed to fashion trends and the demand for fashionable clothing has risen. These factors are also expected to drive the global children wear market.
For a detailed assessment of the market, the global children wear market is segmented based on criteria such as category, price-range, demographics, sales channel, and geography.

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Based on category, the market has been segmented into girls, boys, and unisex. Of these, the segment of boys' children wear is expected to exhibit a robust CAGR over the forecast period, rising to a valuation of US$78,957.6 mn by 2022. The segment is expected to account for over one-third of the overall market by the end of the forecast period.

Based on demographic, the market segments the market into less than 6 months, 6 to 24 months, and 2 to 14 years. Of these, the segment of less than 6 months is slated to exhibit a promising 4.7% CAGR over the forecast period, rising to a valuation of US$113 bn by 2022. By the end of 2017, the segment is expected to account for over half of the overall market.

Based on price-range, the market for children wear is segmented into economy, mid-range, premium-range, and super-premium range. On the basis of sales channel, the market has been segmented into specialty stores, modern trade, and franchise outlets.

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Geographically, the market has been covered for regions such Asia Pacific excluding Japan (APEJ), Latin America, North America, Japan, Europe, and Middle East and Africa. Of these, the market in APEJ is likely to dominate the global market in terms of revenue opportunity over the forecast period.
Some of the leading companies operating in the global children wear market are Levi Strauss & Co, Kimberly Clark Corporation, Avon Products Inc., The Children's Place, V.F. Corporation, Ralph Lauren Corporation, Kering S.A, Benetton Group SpA, Dolce & Gabbana Luxembourg S.à.r.l and Carter's Inc.

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