New York, US, June 24, 2021 (GLOBE NEWSWIRE) — Loungewear Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Loungewear Market Information by Material, End User, Distribution Channel, and Region – Forecast till 2027”, the market is estimated to reach USD 9.23 Billion by 2027 at 9.5% CAGR.
Future Market Growth Factors:
The loungewear industry has been making tremendous progress worldwide, thanks to the emerging fashion trends and their influence over people. Consumers are more than willing to accept the latest trends and give a boost to their fashionable lifestyle. This willingness of consumers to accept new fashion trends has been encouraging them to opt for premium loungewear with appealing designs. Brand endorsements by celebrities on social media and other channels also prompt consumers to purchase more fashionable loungewear. With the fashion trends becoming bolder, consumers are pushed to flaunt their aesthetic loungewear, which can be a major growth boosting factor in the global market over the coming years.
Online retail has become a key gamechanger for the loungewear industry, with majority of intimate wear manufacturing firms owning web-based stores that bolster consumer awareness about the latest trends as well as material-related information. Most of the reputed players in the global market are progressively entering into collaborations with popular online sites to bolster brand awareness and gain the…