Dancewear Market is poised to touch USD 520 million by 2021
Dancewear Market Overview:
Dancewear includes any items of clothing commonly worn by dancers. Some items of dancewear include dance shoes, leotards and unitards, tights, dance shorts, tutus, arm warmers, legwarmers, dance belts, etc. The market is categorized separately for men, women, girls and boys. Usually, they are brought by schools, theatres, TV, films, and other places, where dances are a part of the project. They can be made of multiple variants of materials and mostly depend on the type of usage such as cotton, lycra, nylon, muslin, silk, elastic etc. They can be sheer, opaque, fishnet or any other style that the dance form requires. Normally a mix of blends are used to be able to be used comfortably. The type can also differ if the material being used is for men or women.
Dancewear Market Size:
Dancewear Market was valued at USD 410 million in 2016 and estimated to reach USD 520 million by 2021 growing at a CAGR of 4.43% during the forecast period 2016 to 2021.
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Dancewear Market Growth Factors, Drivers and Restraints:
Quality is a major element that big firms try and compete on for the market share. Because of the fickle consumer mentality, it is often tough for firms to be able to play on quality alone and pricing comes into play. The value chain of the dress making is a tough spot to be able to cut costs on thereby making the upstream an expensive affair. Advertising by firms is a strategy that most firms incorporate in order to regain market share. There are hazards associated with dancewear too. For example, recent news suggests that yoga pants worn during dancing can cause reduction in muscle tissue vibration. There are also positive reports suggesting that it allows more flexibility and easier flow in movements. Whatever the debate, the market is growing tremendously, owing to the demand in the comfort wear while dancing.
Dancewear Market Geographical Overview:
Geographically, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle East and Africa. The US and Canada are big markets in the North American segment. UK and France are also considerable markets owing to their keen interest in the arts of dancing. Asia Pacific is a significantly growing region that shows promising growth, owing to the changing lifestyle and increase in disposable incomes.
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Key Players of Dancewear Market:
The market is fragmented and extremely unorganized which makes it difficult for the global players to increase their customer base efficiently. Some of the top players include Repetto, Mirella, Yumiko, Bloch, Capezio, Leo Dancewear, Wear Moi, Grishko, Chacott, So Danca, Kinney, SF Dancewear, Dance of Love, Ting Dance Wear, Red Rain, The Red Shoes, Dansgirl, Baiwu, Dttrol.
Key Takeaways from this Report:
- For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
- Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
- Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
- Increase overall revenue by understanding the geographical impact on sales and distribution channels.
- Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
- Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
- Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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