UK: Women's wear growth slowing in US - research

6 August 2009 | Source: just-style.com

The growth of the US women's wear market is forecast to decelerate with an anticipated compound annual growth rate (CAGR) of 2.1% from 2007 to 2012, according to latest research.

It follows revenues of $193.5bn in 2007, which represented a CAGR of 5.1% for 2003-2007, found the report Women's Wear in the US: Industry Profile. 

According to the report from Datamonitor, the condition of the women's wear market in the US, in comparison to those growing markets of the Asia-Pacific and Europe.

Although by 2012 the US market is still forecast to have a value of $215bn, it seems markets outside the US may potentially be in a position to compete.

The Asia-Pacific market is forecast to grow from 3.7% CAGR (2003-2007) to 4.3% in the period 2007-2012, the report found.

The US currently accounts for 37.1% of the global value market while Europe accounts for 33.20% and Asia-Pacific for 20.60%.

The state of the market is affected by consumer choice which in turn is affected by branding and advertising.

However, there are five forces featured in the report that drive competition in the US womenswear market, including rivalry, new entrants, buyer power, substitutes and supplier power.

For further data and information on the women's wear market, download Women's Wear in the US: Industry Profile from the just-style research store.

By Becky Pile.

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