Product ID: UCMIG25AC2002
Report ID:
UCMIG25AC2002 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for mannequins, which are human body-shaped figures used in clothing stores for visual merchandising, was valued at USD 5.14 billion in 2022. It is expected to see steady growth, with projections indicating it will reach USD 6.70 billion by 2030, displaying a compound annual growth rate (CAGR) of 3.56% during the forecast period. Various types of mannequins, including realistic, abstract, and torso models, are available. Leading companies such as BONAVERI and Euveka are introducing innovative, high-fashion tailored mannequins to enhance the visual merchandise in clothing stores, responding to the increasing demand for customized products in the global mannequin market. For example, HANS BOODT MANNEQUINS, a Netherlands-based supplier, recently unveiled 140 custom-designed mannequins at the Montreal Museum of Fine Arts in Canada.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Apparel Retail by segment aggregation, the contribution of the Apparel Retail in Retailing and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG25AC2002