The importance of education, especially amongst the developing nations, is boosting the demand for school uniforms. The globalization has created myriad opportunities to study niche subjects, giving rise to various educational institutes. This trend has played a significant role in the upsurge of school uniforms. Establishment of various educational institutes with specialized degrees is expected to propel the growth for the global school uniform market in the coming years.
The global school uniform market was worth US$16900 mn in 2018 and the report suggests that it will reach US$27700 mn by 2025, surging at a steady CAGR of 7.3% during the period of 2018 and 2025. QY Research discusses the future of the market in its latest report, title “Global School Uniform Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application.”
Global School Uniform Market: Drivers
The global school uniform market is rising steadily with increasing urban population that has a greater focus on education. A number of institutions are providing degrees in a wide range of fields as awareness about being qualified for better job opportunities continues to gain momentum. On the other hand, schools, colleges, and universities have a different educational streams, which require specific uniforms. All of these factors are expected to drive the demand for different types of school uniforms in the coming years. In addition, government initiatives to improve and strengthen the education sector are also helping the market prosper.
Global School Uniform Market: Segment Analysis
The global school uniform market is segmented by type and application. In terms of type, the market is segmented into sportswear, traditional uniforms, suits, and others. The different types serve a different purposes depending on the type of education offered by the institute. In terms of applications, the market is segmented into primary school, middle/senior high school, and college. Diverse courses and different schools, colleges, and universities encourage different designs and types of uniforms to suit the need.
Global School Uniform Market: Regional Analysis
On the basis of region, the global school uniform market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific is the leading region of the global school uniform market. These regions is currently flourishing as serious government initiatives are influencing the education sector. Europe and the Middle East have are also expected to be notable contributors to the global school uniform market.
Global School Uniform Market: The Key Players
The key players studied in the global school uniform market are Elder Manufacturing Company, LT Apparel Group, Tombow, Louis Long, EAST BOY, Williamson Dickie, Eddie Bauer, Trutex, Fraylich School Uniforms, LiTai, RIMAS, and Smart F&D.
This global school uniform market is one of the most lucrative markets as it is showing positive growth with lucrative possibilities. This market includes a number of subordinate business prospects such as raw material suppliers, commercial research and development (R&D) institutions, Distributors/traders/wholesalers/suppliers, regulatory bodies, including government agencies and NGO, and importers and exporters to support the global uniform market.
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