Evening Dress Market Report 2024 (Global Edition)

Global Evening Dress Market Report 2024 Market Size Split by Fabric Type (Silk Dress, Chiffon Dress, Velvet Dress, Satin Dress, Organza Dress), by Application (Wedding, Parties), by Distribution Chann...

Evening Dress Market Report Description

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Evening Dress Market Insights Video

Competitive Landscape of the Evening Dress Market

Buyers of evening wear contend with fierce and varied competition. There are numerous evening gown suppliers in it, including both major international conglomerates and smaller specialized businesses. Businesses have started including cutting-edge evening wear in their product ranges in an effort to attract more customers.

Evening Dress Industry News

• September 2023: Ralph Lauren Corporation announced its expansion into Canada with the establishment of dedicated web commerce and the country's first Ralph Lauren store. The store, which recently opened in Toronto's Yorkdale Shopping Centre, is the first of a planned Canadian expansion that will build on the Company's current wholesale and outlet presence in the region. Toronto is one of the Company's top 30 cities targeted for a global omni-channel ecosystem expansion.

(Source: investor.ralphlauren.com/news-releases/news-release-details/ralph-lauren-expanding-canada-digital-commerce-launch-and-first)

• March 2022: Adrianna Papell LLC, a leading brand in the occasion and bridal markets, announced the introduction of S'HUG, a new adaptable cardigan wrap available exclusively at Adrianna Papell. The exclusive patented style, designed with a touch of cashmere for added softness, takes inspiration from three wardrobe essentials—the cardigan, wrap, and scarf—and transforms them into the first easy-to-wear, one-piece wonder that is versatile, seasonless, and can be worn dozens of different ways. 

(Source: www.adriannapapell.com/pages/shug-press-release)

Top Companies Market Share in Evening Dress Industry: (In no particular order of Rank)

• Christinas Fashion
• Rent the Runway
• Badgleymischka
• La sposa
• Adrianna Papell
• La Femme Dresses
• Jovani Dresses
• Debenhams
• Ralph Lauren
• House of Fraser
• Calvin Klein
• RAYCo
• Noa Noa
• French Connection
• Simply Dresses
• Alex Evenings
• Laura
• Rosanovias
• Tedbaker
• Mingzhu
• Balmain
• Bebe
• Weibiao
• Revolve Clothing
• DSS Cottinfab
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, the North America Evening Dress Market share was 40% of the total market

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 40% of the global revenue due to several variables. The formal dress code in the area has traditionally allowed evening dress. Due to this, demand for the numerous styles of evening dress made in this area has significantly increased. Due to the growing consumer taste for fashionable attire among young people, North America is also one of the major markets for formal and homecoming evening dresses, as well as other women's apparel like shoes, accessories, and outerwear. Additionally, compared to other regions, a higher proportion of women work in North America, which contributes to an increase in the demand for women's evening dress. Furthermore, in the North American region, the U.S. evening dress market had the biggest market share, while the Canadian evening dress market had the fastest rate of expansion. 

According to predictions, the Asia Pacific region's evening dress industry would expand at a CAGR of 5.00% and contribute USD 0.40 billion to the global market as a result of the changing social structure and increased disposable income, particularly after the economic changes made by the administration of the late Prime Minister Atal Bihari Vajpayee in 1991 during India's economic liberalization process. These changes allowed for foreign investment, which boosted competition among domestic producers, improved product quality at reduced costs, attracted more customers, and accelerated growth in all market areas. India's evening dress market has benefited from the country's expanding population, increased disposable income, and changing fashion preferences. India is a significant exporter of textiles, which helps the expansion of the evening dress sector in the country as well as the region.

The current report Scope analyzes Evening Dress Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Evening Dress Market

North America dominated the market in 2023, accounting for a share of more than 40% of worldwide sales, according to Cognitive Market Research, as in the past, evening wear has been permitted under the formal dress code in the area. This has considerably raised demand for the various types of evening dresses created in this region. North America is also one of the main markets for formal and homecoming evening wear as well as other women's clothing like shoes, accessories, and outerwear due to the growing consumer preference for attractive clothing among young people. Additionally, a bigger percentage of women work in North America when compared to other regions, which boosts the demand for women's evening wear. Thus, the growing number of working women and increased demand for formal clothing will contribute to the region’s dominance.

Europe Evening Dress Market

Europe is expected to grow at a significant rate over the next several years, acquiring a market share of 30% globally, which is approximately USD 0.54 billion of the global evening dress market as a result of the presence of numerous fashion brand offices there, including those for Gucci, French Connection, Prada, Austin Reed, and other names. To create items that could appeal to consumers more, these firms are engaging in fierce but healthy rivalry. Additionally, the rise in dual-income households and the number of teenagers entering the workforce in Europe both contribute to the increase in sales of women's evening dresses. In addition, a sizable expansion is owed to the ongoing development of innovative, brand-new garment designs to satisfy customer demand. Therefore, the well-established fashion market players in the region will support the market growth in the coming years.

Asia Pacific Evening Dress Market

It is projected that the evening wear market in the Asia Pacific area will grow at a CAGR of 5.00%, contributing USD 0.40 billion to the global market due to the evolving social structure and rising levels of disposable income, especially following the economic adjustments made by the late Prime Minister Atal Bihari Vajpayee's government in 1991 as part of India's economic liberalization process. These adjustments made it possible for foreign investment, which increased domestic producer competitiveness, cut costs while improving product quality attracted more customers, and sped up growth in all market segments. The rising disposable income, changing fashion tastes, and growing population have all benefited the evening dress market in India. The growth of the evening dress industry in both the nation and the region is aided by India's large textile exports. The rising disposable income and changing fashion trends foster regional growth.

South America Evening Dress Market

Latin America is expected to conquer a considerable market share of 5.00% at a CAGR of 4.00% globally due to growing domestic demand, economic expansion, and rising purchasing power. Latin American nations, including Brazil, Mexico, Argentina, Colombia, Venezuela, Chile, Peru, Ecuador, the Dominican Republic, and Uruguay, provide a wide range of investment opportunities. Fashion brands like Tommy Hilfiger and Nike were lured to start their retail operations in Mexico and Brazil by the attractiveness of the American lifestyle and the country's significant impact on Latin American culture and consumer habits. Spanish fashion chains like Inditex and Mango transformed Latin American consumer behavior and forced local fashion businesses to prioritize offering high-quality evening dresses. Thus, the growing purchasing power of Latin American consumers and the rising Western influence will contribute to the growth of the Latin American market.

Middle East and Africa Evening Dress Market

The Middle East and Africa region is predicted to grow at a CAGR of 3.6%, contributing USD 0.05 billion to the global market. The Middle East and Africa's economic expansion has fueled the rising market for evening dresses. The region has seen an increase in disposable incomes and a thriving middle class thanks to a variety of industries and a focus on economic diversification. The desire for luxury goods has been fueled by the region's rising wealth and prosperity, providing lucrative chances for evening dress brands to establish their presence and appeal to the sophisticated preferences of Middle Eastern consumers. Tourists from all over the world are attracted to luxury retail because of the allure of tax-free shopping, which creates a bustling shopping environment where customers may indulge in the greatest luxury goods. As a result, the rising income of the middle-class population and the growing demand for luxury goods will help the market grow.

Evening Dress Market Analysis

Evening Dress Fabric Type Segment Analysis

According to Cognitive Market Research, silk dress is the item that is utilized the most frequently in the market for evening dress. The evening dress business, which is continually growing and altering in terms of supply and demand, includes silk as a significant element. Because of its shine, plush texture, lightweight, durability, and strength, silk is a popular material for evening dresses. 

Chiffon dress is the second-most used product. Chiffon is the material used to make evening dresses. Given that it offers the wearer a classy appearance, this sort of dress is typically used for weddings and celebrations. This style of dress comes in a variety of materials, patterns, and hues. Since chiffon dresses keep the wearer comfortable in hot temperatures, they are typically favored for summer evenings.

• Silk Dress
• Chiffon Dress
• Velvet Dress
• Satin Dress
• Organza Dress

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Evening Dress Industry. Request a Free Sample PDF!

Evening Dress Application Segment Analysis

The wedding segment is the evening dress market's most popular application. One of the most significant and unforgettable events in a woman's life is her wedding. The evening dress should be chosen based on the occasion, not on trends or fashion, whether the wedding is casual or formal, indoors or outside, simply for the reception or also for a religious ceremony, etc.

According to Cognitive Market Research, parties are the second-most popular application. Evening dresses are worn to formal events, including weddings, receptions, and festive gatherings. Evening gowns are used during events to make women appear refined and graceful. Women's outfits are generally seen as being most formal in evening gowns. Although they are typically more challenging to wear than their daytime cousins, one can still pull them off!.

• Wedding
• Parties

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Evening Dress Distribution Channel Segment Analysis

According to Cognitive Market Research, offline is the most extensively used channel in the evening dress market. Customers may touch, feel, and try on the products in physical stores, which improves the luxury purchasing experience. Additionally, customers who purchase premium goods anticipate personalized attention. In-store workers can create a high-touch shopping experience by offering specialized assistance, personalized attention, and product recommendations. 

The evening dress for the online retail channel ranks second. The global population of smartphone users is growing as internet usage becomes more widespread. The need for speedier surfing has increased connectivity, which has sped up the development of 4G and 5G technology. Additionally, the popularity of smartphones is growing quickly, boosting the customer's exposure to online buying.

• Online
• Offline

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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