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Women’s Blazer Market size was valued at USD 64.77 Billion in 2022 and is poised to grow from USD 67.17 Billion in 2023 to USD 89.82 Billion by 2031, at a CAGR of 3.70% during the forecast period (2024-2031).

The market for women's blazers is characterized by the existence of numerous well-established players as well as numerous small and medium-sized players. In order to match consumers' expectations in light of shifting fashion consciousness, key players are concentrating on the development of new items. The major market participants also place a high priority on sustainable production and a sustainable supply chain. The development of novel approaches to improve the product's functioning and longevity is another area on which players are concentrating. Additionally, major firms are extending their regional reach through joint ventures, partnerships, mergers, and acquisitions. For instance, in June 2021 it was announced by the Prada Group and the Ermenegildo Zegna Group that they would be purchasing the majority of the shares of Filati Biagioli Modesto S.p.A. 'H&M', 'Zara', 'Mango', 'ASOS', 'J.Crew', 'Topshop', 'Banana Republic', 'Ann Taylor', 'Theory', 'Ralph Lauren', 'Calvin Klein', 'Hugo Boss', 'Saint Laurent', 'Gucci', 'Prada', 'Givenchy', 'Balmain', 'Burberry', 'Alexander McQueen', 'Versace'

Increasing number of women in the workforce: With the rise of women in the workforce, the demand for professional attire such as blazers has increased, driving the growth of the women's blazer market.

Growing popularity of oversized and boxy blazers: Oversized and boxy blazers have become a popular trend in the women's blazer market, catering to consumers looking for a more relaxed and casual fit.

Asia Pacific is anticipated to have the greatest CAGR than any other region 4.4%, and a market share of about 25%. Because of countries like China and India, market income is rising. The Asia Pacific area acts as the production hub for the leading brands in the sector because of the reasonable labor costs and lax laws. As a result, local marketplaces now stock a wider variety of goods. Because of increased consumer disposable income and an expanding population, the market is likely to expand significantly throughout the forecasted period. The adoption of western dress patterns is also contributing to an increase in demand for the products in the business. In addition, improvements in the retail industry and the rise of both offline and online retailing are anticipated to fuel demand and market expansion in the area.

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Global Women’s Blazer Market

Product ID: SQMIG25K2050