At 7.1% CAGR, Asia Pacific Workwear Market is Projected to be Worth US$ 14,495.05 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific workwear market was valued at US$ 8,359.73 million in 2022 and is expected to reach US$ 14,495.05 million by 2030, registering a CAGR of 7.1% from 2022 to 2030. Increasing demand from emerging economies and adoption of e-commerce sales channel are among the critical factors attributed to the Asia Pacific workwear market expansion.

The increasing demand from emerging economies directly influences the growth of the Asia Pacific workwear market. Emerging economies such as China, India, Indonesia, and Malaysia are experiencing rapid development in various industrial sectors such as construction, chemicals, healthcare, and mining. Governments of these emerging economies are increasing their focus on infrastructure development. Such government initiatives will likely boost the demand for workwear in the region. Further, the rise in infrastructure projects in developing countries—for instance, Tuban Olefin Complex Development Project (Indonesia), Singapore Deep Tunnel Sewerage System, and Shenzhong Link (China)—is further fueling the demand for workwear to ensure workers' safety.

Moreover, emerging economies are experiencing development in healthcare and mining industries. The healthcare industry in China is proliferating due to a rise in urbanization, an increase in the aging population, a continuous rise in wages and living standards for Chinese citizens, more innovation in high-tech, and broader access to healthcare. For instance, according to World Bank statistics, per capita healthcare spending in China rose from US$ 42 in 2000 to US$ 398 in 2016. Moreover, the rise in medical tourism in countries such as India, Japan, Singapore, and Thailand is further fueling the growth opportunity for the Asia Pacific workwear market. The increasing development in various industrial sectors of emerging economies has resulted in a demand to maintain the safety of the workers while working, which in turn is fueling the need for workwear in these countries. Thus, rapid development in industrial sectors of emerging economies is anticipated to pose a growth opportunity for the Asia Pacific workwear market during the forecast period.

On the contrary, increased adoption of industrial automation hampers the growth of Asia Pacific workwear market.

Based on product type, the Asia Pacific workwear market is segmented into topwear, bottomwear, and coveralls. The topwear segment held 46.0% share of the Asia Pacific workwear market in 2022, amassing US$ 3,848.48 million. It is projected to garner US$ 6,602.33 million by 2030 to expand at 7.0% CAGR during 2022–2030.

In terms of category, the Asia Pacific workwear market is segmented into men, women, and unisex. The men segment held 68.0% share of the Asia Pacific workwear market in 2022, amassing US$ 5,688.43 million. It is estimated to garner US$ 9,768.54 million by 2030 to expand at 7.0% CAGR during 2022–2030.

Based on distribution channel, the Asia Pacific workwear market is segmented into wholesalers, supermarkets and hypermarkets, specialty stores, and online platforms. The wholesalers segment held 42.6% share of the Asia Pacific workwear market in 2022, amassing US$ 3,557.95 million. It is projected to garner US$ 6,129.52 million by 2030 to expand at 7.0% CAGR during 2022–2030.

By end use, the Asia Pacific workwear market is segmented into construction, oil and gas, chemicals, healthcare, and others. The others segment held 65.4% share of Asia Pacific workwear market in 2022, amassing US$ 5,468.02 million. It is predicted to garner US$ 9,438.93 million by 2030 to expand at 7.1% CAGR during 2022–2030.

Based on country, the Asia Pacific workwear market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China held 35.9% share of Asia Pacific workwear market in 2022, amassing US$ 3,002.57 million. It is projected to garner US$ 4,811.17 million by 2030 to expand at 6.1% CAGR during 2022–2030.

Key players operating in the Asia Pacific workwear market are ARAMARK, Alisco Group, 3M, Honeywell International Inc., and Lakeland Industries Inc., among others.

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