Luxury Sleepwear Market is Likely to Grow a CAGR of 11.03% during the Forecast Period

The latest market report published by Credence Research, Inc. “Global Luxury Sleepwear Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Luxury Sleepwear Market generated revenue of around USD 9,088.52 million in 2021 and is anticipated to grow a CAGR of over 11.03% during the forecast period from 2021 to 2028 to reach around USD 20,429.85 million in 2028. While, cumulative growth opportunity presented by the global Luxury Sleepwear is around USD 108 billion during 2022 to 2028.

Global Luxury Sleepwear Market, 2021 – 2028 (USD Million)

Browse the full report at  Luxury Sleepwear Market Size, Trends, Share and Growth Report | Forecast to 2027 (credenceresearch.com)

The luxury sleepwear market is expected to grow with a high CAGR in the next forecast period. The luxury sleepwear market, along with the market for luxury loungewear, will likely have an upward trend in growth and a rise in demand for some years to come.

One of the biggest trends in the world lately is the “self-care” trend that lends to the demand for luxury sleepwear and loungewear. After a long day or working hard, people want to relax and treat themselves to some relaxation and comfort. The idea of slipping into some luxury sleepwear and lighting some candles is a huge trend that isn’t going anywhere soon.

Men Luxury Sleepwear to Grow at Rapid Pace

Men, Women, and Kids are some of the important types of Luxury Sleepwear used across different industries. However, Men’s Luxury Sleepwear are growing in demand with increasing expenditure by Men’s on sleepwear around the world. While, women’s segment also held significant share in total revenue generation with 35% in 2021. Kids segment is also increasing at rapid pace. Growing population and increasing need for comfortable wear is major factor behind growth of luxury sleepwear.

Online Channel to Grow at Rapid Pace

Online Hypermarket/Supermarket, Discount Stores, Brand Stores and Others are major distribution channels for the global luxury sleepwear industry. Growing adoption of online channel is fueling the sales of luxury sleepwear’s via online channel. Especially, COVID 19 been turned out to be one of the most important factors behind strong growth of online retailing.

However, ever increasing prices of raw materials used in sleepwear’s manufacturing and fluctuation in it is one of the most important factors hindering the growth of this industry. Secondly, limited demand from emerging economies especially from Latin America and Africa is hampering the growth of luxury sleepwear’s. Additionally, disturbances in supply chain has yet to be overcome and growing affect the production as well as shipments for quite a while.

North America is Leading Luxury Sleepwear Demand

North America is leading the luxury sleepwear industry with over 25% share in 2021. Highest per capita expenditure on clothing and disposable income in the hand of vast majority of population is major reason behind strong growth of industry in the region. While Europe luxury sleepwear industry is dominated by the UK, Germany and France. On the other hand, China is most dominant player in Asia Pacific and poised to play important role in global market too.

Major players operating in the can sealers industry include but not limited to PVH CORPORATION, Jockey International, Inc., Berkshire Hathaway Inc., American Eagle Outfitters, Inc. (AERIE), Hanesbrands Inc., Hanky Panky Ltd., Triumph International Holding GmBH., L Brands Inc., MAS Holdings Ltd. and The Chantelle Group. Global Luxury Sleepwear market is characterized by the presence of large number of manufacturers across the world. Increasing production capacity in order to achieve economies of scale and growing in market share is primary focus of the industry participants.

Market Segmentation

Global Luxury Sleepwear Market by Type, 2016 – 2028

  • Men
  • Women
  • Kids

Global Luxury Sleepwear Market by Distribution Channel, 2016 – 2028

  • Online Hypermarket/Supermarket
  • Discount Stores
  • Brand Stores
  • Others

Global Luxury Sleepwear Market by Company, 2016 – 2028

  • PVH CORPORATION
  • Jockey International, Inc.
  • Berkshire Hathaway Inc.
  • American Eagle Outfitters, Inc. (AERIE)
  • Hanesbrands Inc.
  • Hanky Panky Ltd.
  • Triumph International Holding GmBH.
  • L Brands Inc.
  • MAS Holdings Ltd.
  • The Chantelle Group.
  • Others