Market Overview:
The global cardigans market is expected to register a CAGR of 5.5% during the forecast period (2018-2030). The growth in the market can be attributed to various factors such as the increasing demand for women’s clothing, rising disposable income, and changing fashion trends. Based on type, the global cardigans market is segmented into long cardigans and cropped cardigans. The long cardigan segment is expected to account for a larger share of the global market during the forecast period. This can be attributed to their versatility and ability to be paired with a variety of outfits. Based on application, the global market is divided into men’s clothing and women’s clothing segments. The women’s clothing segment accounted for a larger share of the overall market in 2017 and this trend is projected to continue duringthe forecast period owingtoincreasing demand from female consumers across regions.
Product Definition:
A cardigan is a type of sweater that has an open front and typically buttons or zips up the front. Cardigans are often worn over other clothing items, such as shirts or dresses.
Long Cardigans:
Long cardigans are a type of pullover garment, which is generally worn with casual clothing. The growth factor in the Cardigans market is driven by increasing demand for luxury and comfort among consumers. In addition, rising disposable income levels have also contributed to the growth of this market globally.
The global long cardigan’s market size was valued at USD 1.1 billion in 2016.
Cropped Cardigans:
Cardigans are a traditional Welsh garment, which has gained worldwide recognition as a symbol of Wales. The cropped cardigan is the latest fashion accessory in town and has been capturing everyone’s attention these days. Cropped cardigans have been gaining popularity among women across different age groups due to its versatile nature and easy availability at any store including supermarkets and specialty stores.
The crop top was initially designed for use by models, actors, musicians, etc.
Application Insights:
Men application segment dominated the global cardigans market, accounting for more than half of the revenue share in 2017. The demand for cardigans among men is expected to witness growth on account of increasing consumer preference for casual wear due to busy lifestyles and hectic work schedules. Moreover, a growing number of fashion blogs promoting men¢â‚¬â„¢s cardigans is further driving the demand. For instance, blog named as Dandyhorse promotes different types of menswear including leather jackets, denim jackets and pea coats along with their prices and where to buy them online. Such trends are likely to influence consumers towards buying these products which will boost market growth over next few years.
The women application segment accounted for a smaller share in 2017 owing to rising availability of other clothing options such as T-shirts and tank tops that offer similar warmth without wearing out your wardrobe space or occupying much space in your closet like Cardigan does.
Regional Analysis:
North America dominated the global cardigans market in 2017. The growing popularity of cardigans in the region is attributed to a rise in demand for stylish and comfortable clothing among consumers. North America has been witnessing an increase in consumer preference for fashionable and comfortable clothing due to high disposable income, which is expected to have a positive impact on the regional market over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing regions owing to increasing product demand from countries such as China, India, Japan, South Korea and Australia among others due to rising population coupled with increasing per capita income levels of consumers. Furthermore, increased spending power among middle-class groups will fuel growth over next eight years.
Growth Factors:
- Increasing demand from the fashion industry for cardigans as a key layering piece.
- Growing popularity of casual and comfortable clothing styles, which has helped to drive demand for cardigans.
- Rising disposable income levels among consumers in developed countries, which has helped to boost sales of luxury cardigans.
- Proliferation of online retail channels, which has made it easier for consumers to purchase cardigans directly from their homes or offices.
- Technological advancements in fabric manufacturing that have resulted in the development of new and innovative types of knitwear, including cardigans
Scope Of The Report
Report Attributes
Report Details
Report Title
Cardigans Market Research Report
By Type
Long Cardigans, Cropped Cardigans
By Application
Men, Women
By Companies
H&M, Forever 21, Bananna republic, Old Navy, JC Penny, ZARA, Free people, Vince, Madewell, Only, H&M, Renka
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Cardigans Market Report Segments:
The global Cardigans market is segmented on the basis of:
Types
Long Cardigans, Cropped Cardigans
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Men, Women
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- H&M
- Forever 21
- Bananna republic
- Old Navy
- JC Penny
- ZARA
- Free people
- Vince
- Madewell
- Only
- H&M
- Renka
Highlights of The Cardigans Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Long Cardigans
- Cropped Cardigans
- By Application:
- Men
- Women
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cardigans Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cardigans are a type of clothing that is typically worn in cold weather. They are made from a heavy woolen fabric and usually have a hoodie or jacket style.
Some of the major companies in the cardigans market are H&M, Forever 21, Bananna republic, Old Navy, JC Penny, ZARA, Free people, Vince, Madewell, Only, H&M, Renka.
The cardigans market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cardigans Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cardigans Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cardigans Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cardigans Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cardigans Market Size & Forecast, 2020-2028
4.5.1 Cardigans Market Size and Y-o-Y Growth
4.5.2 Cardigans Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Long Cardigans
5.2.2 Cropped Cardigans
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Men
6.2.2 Women
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cardigans Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cardigans Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Long Cardigans
9.6.2 Cropped Cardigans
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Men
9.10.2 Women
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Long Cardigans
10.6.2 Cropped Cardigans
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Men
10.10.2 Women
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Long Cardigans
11.6.2 Cropped Cardigans
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Men
11.10.2 Women
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Long Cardigans
12.6.2 Cropped Cardigans
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Men
12.10.2 Women
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Long Cardigans
13.6.2 Cropped Cardigans
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Men
13.10.2 Women
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cardigans Market: Competitive Dashboard
14.2 Global Cardigans Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 H&M
14.3.2 Forever 21
14.3.3 Bananna republic
14.3.4 Old Navy
14.3.5 JC Penny
14.3.6 ZARA
14.3.7 Free people
14.3.8 Vince
14.3.9 Madewell
14.3.10 Only
14.3.11 H&M
14.3.12 Renka
