Global Sleepwear Market Size, Share, Trends & Growth Forecast Report - Segmented By End User (Men, Women and Children), Distribution Channel (Supermarkets and Hypermarkets, Online Platforms, Discount Stores and Others) and Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) – Industry Analysis (2024 to 2032)

Updated On: June, 2024
ID: 10988
Pages: 175

Global Sleepwear Market Size (2024 to 2032)

The global sleepwear market was valued at USD 12.84 billion in 2023. The global market size is expected to grow at a CAGR of 10.40% from 2024 to 2032 and be worth USD 31.29 billion by 2032 from USD 14.18 billion in 2024.

Current Scenario of the Global Sleepwear Market

Sleepwear, also known as nightwear, is specially designed to provide a relaxed and comfortable sleep. There are various types of nightwear available on the market and online for men, women, and children. Sleepwear is clothing designed to be worn while you sleep. The growth of the nightwear market is attributed to the dynamic fashion trend and its influence on consumers. Consumers are eager to catch the next trend and demonstrate their fashionable lifestyle. This race to keep up with the changing fashion trend is expected to significantly drive consumers to buy the latest fashion models, especially those worn by celebrities, and on the other hand, also subtly influence the rejection of abandoned clothing.

MARKET DRIVERS

The rise of the dynamic fashion trend and its influence on consumers, the race to keep up with the changing fashion trend, and the rise in demand for fashionable and trendy nightwear are driving the sleepwear market growth.

Increased preference for online retail stores and increased disposable income are further contributing to the global market growth. However, the availability of counterfeit products is hampering the market growth. On the other hand, the introduction of stretch and quick-drying fabrics creates new opportunities in the coming years.

Nowadays, fashion trends have become bolder, leading consumers to flaunt their underwear as leisure casual wear or even nightwear, thus driving the growth of the night clothing market. Also, the growing demand for trendy nightwear has encouraged companies to launch new products to meet the increasing needs of customers. In addition, the demand for these outfits by the adult age group has increased significantly, especially among women, who spend a lot on these types of garments. In addition, this clothing is not only fashionable but also comfortable to wear, which greatly contributes to the growth of the world market.

The online retail platform is the main driver of the sleepwear industry. This is attributed to the fact that today, most intimate apparel manufacturing companies have their own online retail stores where consumers can get excessive information on the latest fashion trends and materials and fabrics. In addition, the number of consumers shopping online is increasing at a high rate due to the availability of various product options and the ease of price comparison on online shopping sites. This is useful for retailers due to zero spending on physical outlets or showrooms. Some of the main reasons for consumers' preference to buy online is that consumers can read reviews provided by other consumers, compare various stores and products, and compare the prices of products from different sellers. All these factors have collectively contributed to the growth of the global sleepwear market.

MARKET RESTRAINTS

However, the availability of counterfeit products is the main limitation in the world market. On the contrary, the introduction of elastic and quick-drying fabric is expected to provide immense opportunities for the expansion of the global sleepwear market.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2032

Base Year

2023

Forecast Period

2024 to 2032

CAGR

10.40%

Segments Covered

By End-User, Distribution Channel, and Region

Various Analyses Covered

Global, Regional and Country Level Analysis; Segment-Level Analysis; DROC; PESTLE Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

HandM, Calvin Klein, Ralph Lauren, David Jones, Zalora, Aimer, Eberjey, Mimi Holiday, Oysho, Morgan Lane, Sleepy Jones, Gelato Pique, Uniqlo, MUJI, Le Perla, Bradelis, Journelle, Three Graces London, Dolce and Gabbana, Gucci, Massimo Dutti and Everlane

 

SEGMENTAL ANALYSIS

Global Sleepwear Market By End-User

Based on end-user, the women segment was the leading segment in 2023 among all and is expected to remain dominant throughout the forecast period. The growth of this segment is attributed to an active lifestyle and the culture of working from home has reinforced this trend. In addition, the availability of specific nightwear for different weather conditions prompts consumers to buy various sets, and thus, changes in weather encourage consumers to buy more nightwear, which in turn stimulates their sales, thus complementing the growth of the market. Also, several women are opting for nightwear, which makes them attractive, which is driving the growth of the market.

Global Sleepwear Market By Distribution Channel

Based on the distribution channel, the supermarket/hypermarket segment is predicted to hold the leading share of the worldwide market during the forecast period. This is attributed to the increase in the number of supermarkets and hypermarkets in mature and emerging economies. Furthermore, the unique solution provided by these retail formats makes them a popular shopping option for consumers. Additionally, these retail formats offer a wide range of products at competitive prices to customers and are generally located in easily accessible areas, increasing the overall appeal of this segment.

REGIONAL ANALYSIS

North America and Europe are the most attractive markets due to strong distribution channels and the preference for different types of nightwear among the younger population. Asia-Pacific is expected to show the fastest growth rate over the forecast period due to the increasing number of bridal nightwear buyers and strong innovation from manufacturers. Furthermore, the ease of availability of raw materials is expected to increase sleepwear production in the region.

KEY MARKET PLAYERS

HandM, Calvin Klein, Ralph Lauren, David Jones, Zalora, Aimer, Eberjey, Mimi Holiday, Oysho, Morgan Lane, Sleepy Jones, Gelato Pique, Uniqlo, MUJI, Le Perla, Bradelis, Journelle, Three Graces London, Dolce and Gabbana, Gucci, Massimo Dutti and Everlane are some of the noteworthy companies in the global sleepwear market. The major players in the sleepwear market have been implementing various strategies to gain the attention of consumers and to win the competitive edge. The market participants are expected to receive numerous opportunities in the coming years owing to the introduction by companies of the latest transitional nightwear products that should inspire customers and encourage them to spend more on sleepwear. Manufacturers are focusing on acquisitions, expansions, and collaborations with startups as the primary strategy for gaining significant market share. In addition, the market is expected to see an improvement in the trend of increasing the manufacture of new products with attractive packaging and spending more on product promotion.

DETAILED SEGMENTATION OF THE GLOBAL SLEEPWEAR MARKET INCLUDED IN THIS REPORT

This research report on the global sleepwear market has been segmented and sub-segmented based on end-user, distribution channel, and region.

By End-User

  • Men
  • Women
  • Children

By Distribution Channel

  • Supermarkets/Hypermarkets
  • Online
  • Discount Stores
  • Others

By Region

  • North America 
  • Europe 
  • Asia Pacific 
  • Latin America
  • Middle East and Africa

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Frequently Asked Questions

What was the size of the global sleepwear market in 2023?

The global sleepwear market was worth USD 15.65 billion in 2023.

What factors are driving the growth of the sleepwear market?

An increased consumer focus on comfort, changing fashion trends, and the rise of online shopping are majorly driving the growth of the sleepwear market. 

How has the COVID-19 pandemic impacted the sleepwear market?

The COVID-19 pandemic accelerated the demand for loungewear and comfortable sleepwear as more people spent time at home, leading to market growth.

Which regions are the major players in the global sleepwear market?

Major players in the sleepwear market include North America, Europe, and Asia-Pacific, with North America accounting for a significant share.

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