The apparel industry has been transforming labor intensive manufacturing facilities to automated production facilities. This has enabled the women’s wear manufacturers to produce at a lower cost. According to a report by Boston Consulting Group (BCG) in 2015, 1.2 million industrial robots are expected to be deployed by 2025, thus indicating rise in automation and robotics technology adoption to improve productivity and reduce production costs. For instance, Software Automation Inc. introduced a new approach to sewing automation. The company is using advanced computer vision systems to eliminate fabric distortion issues where a camera is used to track stitching at needle and coordinates the movement of the fabric using light weight robots.
THE BUSINESS RESEARCH COMPANY VALUED THE GLOBAL WOMEN’S WEAR MARKET AT $437 BILLION IN 2017
Asia Pacific was the largest geographic region in the market, accounting for two-fifth of the global market share.
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The chart below shows the year-on-year growth of the global women’s wear market during 2017 – 2021
According to The Business Research Company’s Consultant, Nitin Gianchandani, as stores investigate better approaches to bring clients into disconnected experiential spaces, the need to customize the substance of physical shops will move toward becoming as essential as that idea was to online retailers. The savviest retailers are exploiting headways in machine adapting, profound examination and AI for a more focused on and customized shopping knowledge. Clients now have longer computerized impressions, including shopping histories, online networking profiles and interests.
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The Gap, Inc. was the largest company in the global women’s wear market, with revenues of $15.5 billion for the financial year 2016. As a part of its growth strategy over the next three years, Gap Inc. will accelerate this work with a continued significant investment in areas including direct fulfillment capacity, loyalty, personalization, omni-channel services, artificial intelligence and other data-driven customer experiences.
The women’s wear market comprises companies engaged in manufacturing women’s apparel from purchased fabric.
Women’s Wear Global Market Report 2018 is a detailed report giving a unique insight into this market. The report is priced at $4000 for an individual user. To use across your office, the price is $6000 and $8000 if you wish to use across a multinational company.
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