The global women’s dresses and skirts market was valued at USD 151.4 billion in 2022 and is projected to expand at a CAGR of 7.3% from 2023 to 2030. The increased demand for office-wear and ready-to-wear apparel is expected to drive the market growth. Women’s dresses and skirts have become an important part of the female wardrobe, as they are considered an important element of fashion and style. A wide range of dresses and skirts are available in the market in different styles, fabrics, sizes, and cuts.

Furthermore, the increasing trend of athleisure wear is expected to augment the market growth. Athleisure is a combination of the words “athletic” and “leisure”, which is gaining immense popularity among the millennial population. The high demand for athleisure wear is expected to lead to the emergence of a range of activewear skirts and dresses that are comfortable and stylish. For instance, in January 2022, H&M launched a new line of activewear skirts and dresses for women, designed for running, yoga, and other activities.

The increasing trend of customization is expected to drive the market growth. The trend of customization is gaining popularity among consumers, who are increasingly seeking custom-made dresses and skirts to fit their body types and to reflect their individual style. Moreover, the emergence of online platforms offering customization options is expected to boost the market growth. For instance, in April 2021, Zara launched its “Create Your Look” service, which allows customers to customize their own skirts and dresses.

Furthermore, the increasing trend of sustainability is expected to support the market growth. The increasing awareness of environmental protection among consumers has led to the emergence of sustainable fashion. Consumers are increasingly demanding clothes made from sustainable materials such as organic cotton, hemp, and bamboo. For instance, in June 2021, Banana Republic launched a collection of sustainable dresses and skirts made from organic cotton and recycled fibers.

The increasing focus on fashion and lifestyle among the millennial population is expected to drive the market growth. The millennial population is increasingly spending on fashion products, such as dresses and skirts, to stay fashionable and up-to-date with the latest fashion trends. Moreover, the emergence of influencers and style bloggers is expected to boost the market growth. For instance, in August 2021, Forever 21 launched a collection of dresses and skirts inspired by the latest trends and styles, targeting the millennial population.

The casual dresses segment held the largest market share in 2020 and is anticipated to remain dominant throughout the forecast period. The increasing demand for comfortable yet fashionable clothing among women has led to the growth of the segment. According to a report by Grand View Research, in 2019, the global women’s casual wear market was valued at USD 67.9 billion and is expected to witness a CAGR of 2.8% from 2020 to 2027. Moreover, the rising popularity of athleisure clothing, increasing demand for comfortable and lightweight fabrics, and the growing trend of wearing fashion-forward casuals are some of the factors driving the segment.

The skirts segment is projected to expand at a significant rate over the forecast period. Increasing demand for skirts among women due to the rising trend of athleisure clothing and the emergence of online media are some of the major factors driving the market. According to a report by Grand View Research, in 2019, the global women’s athleisure apparel market was valued at USD 85.1 billion and is expected to witness a CAGR of 5.7% from 2020 to 2027. In addition, rising fashion consciousness and the growing trend of wearing skirts as an everyday casual wear is propelling the market growth.

The department stores segment held the largest share of 45.5% in the market in 2022. Department stores offer a wide range of women’s dresses & skirts in the ready-to-wear category under one roof. Department stores offer ready-to-wear clothing for women of all ages and sizes, which makes them a preferred choice for customers. In addition, department stores offer discounts and promotional offers on a regular basis, which makes them a more attractive option for consumers.

The online segment is projected to expand at the highest CAGR of 13.7% over the forecast period. The growth of the segment is driven by the rising penetration of the internet and increasing number of smartphone users. In addition, the availability of e-commerce websites and mobile applications with easy payment options and delivery systems has made online shopping more convenient. For instance, in March 2021, Amazon announced its partnership with the US-based retail brand, Nordstrom, to offer an enhanced range of women’s dresses & skirts on its platform. The partnership also included the launch of Nordstrom’s flagship store on Amazon.com.

The casual wear segment accounted for the largest revenue share of 49.0% in the year 2022. The rise in the demand for comfortable and fashionable clothing that can be worn for casual occasions is driving the growth of the segment. Companies such as H&M and Zara are offering a wide range of fashionable clothing under the casual wear category, thus driving the market. Furthermore, the growing trend of casual dressing among young women is expected to increase the demand for casual wear.

The semi-formal wear segment is anticipated to expand at the highest CAGR of 6.3% over the forecast period. The increasing trend of wearing semi-formal dresses and skirts for social gatherings, parties, and events is driving the segment. Companies such as H&M and Zara are focusing on offering innovative designs and styles in semi-formal wear, which is likely to fuel the demand for semi-formal wear. Moreover, the growing trend of wearing semi-formal wear for a variety of occasions is likely to increase the demand for this segment.

The Asia Pacific region accounted for the largest revenue share in the women’s dresses and skirts market in 2022. With the rising population of young women in the region, the demand for women’s dresses and skirts has grown substantially. This has led to the emergence of several new and innovative products in the market. For instance, in June 2021, Benetton Group launched a new collection of dresses and skirts made with sustainable fabrics in India.

North America is expected to witness the second-highest growth in the coming years. Rising demand for comfortable and fashionable women’s dresses and skirts is expected to drive the growth of the market in this region. Furthermore, growing disposable income among the population is also expected to boost market growth. For instance, in April 2022, American retailer J.Crew launched its new collection of midi skirts for the spring and summer season.

In this part of the women’s dresses & skirts business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your company. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a women’s dresses & skirts business comes from the sale of products, such as dresses and skirts, but also from other related items such as accessories and footwear. Additionally, you may consider offering discounts for bulk orders and for customers who sign up for a loyalty program.

Projecting Expenses
In this section, all the regular expenses related to keeping the women’s dresses & skirts business running will be described. The list of operating expenses includes rent, wages, inventory, utilities, insurance policies, advertising, and others. Additionally, you should consider the cost of buying raw materials, designing the products, and any other cost associated with the production process.

Some of the key companies operating in the women’s dresses & skirts market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In October 2022, Zara launched a collection of skirts and dresses with a focus on sustainability.

– In November 2022, H&M launched a collection of dresses and skirts aimed at creating a fashionable look.

– In December 2022, ASOS launched a collection of dresses and skirts that are designed to be comfortable and stylish.

Some of the prominent players in the women’s dresses & skirts market include:

– Zara
– H&M
– ASOS
– Uniqlo
– Gap
– Forever 21
– Topshop
– Levi’s
– J.Crew
– Banana Republic

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global women’s dresses & skirts market based on product type, end user, distribution channel, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Dresses
– Skirts
– Others

2. End User Outlook (Revenue, USD Million, 2017 – 2030)

– Men
– Women
– Kids

3. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the factors driving the women’s dresses & skirts market?
[A]: The rise of the athleisure trend and the increasing demand for casual and semi-formal attire is one of the major drivers of the women’s dresses & skirts market. Additionally, the increasing disposable incomes of women, the growing popularity of online shopping, and the availability of new fashion styles are some of the other factors driving the market.

[Q]: What is the Potential for Product Innovation?
[A]: The potential for product innovation is increasing as designers and manufacturers look for new materials, colors, and patterns to make their products more attractive to consumers. Additionally, the introduction of new technologies such as 3D printing and augmented reality is also providing opportunities for product innovation.

[Q]: Who are the Key Players in the Women’s Dresses & Skirts Market?
[A]: The key players in the women’s dresses & skirts market include Gap Inc., H&M Hennes & Mauritz AB, Zara, Inditex Group, Esprit Holdings Limited, Fast Retailing Co. Ltd., Uniqlo, and PVH Corp.

[Q]: Which Region Offers the Largest Opportunity for Sales of Women’s Dresses & Skirts?
[A]: Asia-Pacific is expected to be the largest regional market for women’s dresses & skirts and is anticipated to remain so over the forecast period. This regional market is expected to benefit from the growth of the e-commerce and retail sectors, increasing disposable incomes of consumers, and the growing popularity of athleisure.

[Q]: What Strategies are Key Players Employing?
[A]: Key players in the women’s dresses & skirts market are focusing on offering innovative and trend-driven designs through their product portfolio, expanding their retail store network, and increasing their presence in the e-commerce sector. Additionally, they are also focusing on strategic partnerships and collaborations to gain a competitive edge.