Wedding, party and formal dress For most of human, clothing plays an essential role in their lives. The Global Apparel Industry is increasing faster than all the sectors of the industry, whether it be men’s clothing, women’s clothing, kids wear or infant wear particularly the Party, Wedding, Western, Formal Wear of women has seen remarkable changes in the past few years. Some of the people distinguish between the fashion industry which makes “high fashion dresses like Wedding dress, party wears, western and formal wears” and the apparel industry which makes ordinary clothes or “mass fashion”, but by the 1970s the boundaries between them had blurred. The apparel has now merged with Fashion Industry with wide range of collection and we will be concentrating on Wedding dress, party wears, western and formal wears. Fashion Industry : The fashion industry was developed in the Europe and America regions first or we can say the fashion was introduced by these countries but today it is an international and highly globalized industry, with clothing often designed in one country, manufactured in another, and sold in a third. There is no other industry that changes as rapidly as this one. So the suppliers must keep themselves up to date about fashion region wise as the fashion industry also encounters diversity region wise and this is due to different types of traditions that are involved in ceremonies of different cultures, ethnic groups, and countries. Below we will discuss some of the Women Dresses and the current fashion trend regionally.
The global market for bridal dresses is expected for an incredible growth between 2017 and 2022. It is approximately expected to reach up to value of USD 80 billion by 2020. The trend for wedding dresses among brides to get a more graceful and splendid look on the day of wedding is a key factor that is actually driving this industry and this is driven by increasing influence of social media.
A party dress is a dress worn for a party or more than a formal event. This is the second market that comes after Bridal industry. Party wear includes stylish gowns, fitted cashmere or fine-gauge merino-wool top with a knee-length satin skirt, or wrap a dress in a dark shade or simply wearing a suit, all these can be added in the category of Party wear. It just tend to require different styles of dress. One classic style of party dress for women in modern society is the little black dress
The party dress industry is growing exponentially and currently its worldwide worth is estimated to be £3.5 billion. The industry has grown massively over the last decade and the reason behind it is that more and more people attracting towards parties with or without theme. The industry is said to be highly competitive
Formal wear is considered as a symbol of sophistication and status in our society. If an event is formal in nature, women prefer to wear business suit, Women have the versatility of choosing either a pair of dress slacks or a skirt, with a business suit jacket. Actually, formal wear has passed the boundary of the gowns now. It plays a significant part in a woman's life.
The ratio of women employees is increasing worldwide due to which we can see boost in the demand for women formals across the globe. Global women formal wear market is measured approximately USD 421 billion in 2014; the market is expected to an annual growth rate of 4.2% over the time period i.e. 2016-2023. Specially, Asia Pacific region is expected to expand at a higher compound annual growth rate between 2016 and 2023 due to increase in employment of women in emerging countries such as India and China. Global Growth Hub :
- Hongkong, China
- Saudia Arabia
The below markets that are now showing positive signs for the specialized product like fashion industry are:
These analysis shows that the productions should start to facilitate here now, settling in these countries will develop new market and capturing large market share at a lower cost, because once any market gets crowded by competitors then it requires strong financial investments and this is the business you can start with low investment. Key players : Every industry has its own specialty. We may find some of the companies that are expert in wedding, party dresses and some of them are experts in formal. Here are the strong competitor companies across the globe:
1. Morgan Davies Bridal 2. Les Trois Soeurs Bridal 3. Helena Fortley 4. Stunning Bridal
- Sarah Burton
- Party And Formal Dress:
- Christian Dior SA
- . Nike
Summary : In conclusion to all of this , it can be said that in future, the factors that will affect the rise are advertising, publishing and having a strong presence in social media to cause awareness of brand all over the world. With the increase in demand for wedding, party and formal wear, the sectors like Industrial Clothing and fashion wear will experience a tremendous growth and due to the increased fashion consciousness globally, fashion clothing will also see an upward trend.