Mannequin Market to Reach USD 6.34 Billion by 2029 |


PUNE, India, September 22, 2022 (GLOBE NEWSWIRE) — Loud Fortune Business Insights™, the global mannequin market size was estimated at US$5.20 billion in 2021, reaching US$5.29 billion in 2022. The market is expected to reach USD 6.34 billion by 2029, registering a CAGR of 2.6% over the forecast period. Increasing demand for biodegradable dolls and increasing popularity of abstract dummies among apparel retailers could fuel the growth of the industry. Fortune Business Insights™ shares this information in its report titled “Mannequin Market, 2022-2029.

Effects of COVID-19:

The closure of manufacturing of fashion items negatively impacted the market growth

The market has been negatively impacted during the COVID-19 pandemic due to the closure of fashion item production. The alarming rise in COVID-19 infections led to restrictions on transportation, travel and production, hampering the growth of the industry. Production shutdowns led to supply shortages, while transport and travel restrictions led to material shortages. However, manufacturers have adopted automated production techniques, reduced capacity, part-time shifts and online trading to deal with the challenges during the pandemic, thereby boosting sales.

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Mannequin Market Scope and segmentation of the report:

report coverage details
forecast period 2022-2029
Forecast CAGR 2.6%
Value prognosis 2029 $6.34 billion
base year 2021
Market size for Mannequins in 2021 $5.20 billion
Historical data 2018-2020
number of pages 165
Covered Segments By product type, by material, by region
Growth drivers of Mannequin market Product innovations to drive market progress
Increasing number of modern clothing stores to support product demand

Fortune Business Insights™ lists all the companies in the Mannequin market that are currently striving to reduce the impact of the Covid-19 pandemic on the market:

  • Able Art Limited (Hong Kong)
  • Genesis Display GmbH (Germany)
  • Best Mannequin BV (Belgium)
  • 3S Mannequin Inc. (India)
  • Abstract Mannequin (India)
  • Hans Boodt Mannequin (Netherlands)
  • Mannequin from Las Vegas (USA)

report coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. In addition, the regional developments and the strategies of the key market players are examined.

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driver and restraint systems

Product innovations to drive market progress

Mannequins are dummies that replicate a human body and are often used to visually present clothes and garments. Increasing product innovation is likely to increase demand for the product. In addition, manufacturers are launching technologically advanced mannequins to enhance their brand image. For example, Japanese robotics company Speecys Corp. in September 2019 in Japan “Shiguza Robot” robot dolls. In addition, increasing demand for the dummy from several modern mannequin shops could boost sales. These factors can propel the growth of the Mannequin market.

However, the increasing adoption of online retail is expected to hamper the progress of the market.

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segments

The women’s segment will dominate due to the increasing preference for fashion clothing

By product type, the market is segmented into women, men, children and others. The women’s segment is expected to lead the market due to the increasing preference for fashion apparel.

Fiberglass segment will dominate due to its strong acceptance for mannequin production

Based on the material, the market is segmented into fiberglass, plastic and others. The fiberglass segment can dominate the market due to its increasing acceptance for product production.

The market is regionally divided into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa.

Regional Insights

Increased acceptance of outdoor leisure products to drive market growth in North America

North America is expected to dominate the mannequin market share due to the increasing demand for outdoor leisure items such as shoes, sportswear and others. For example, according to the Outdoor Industry Association, spending on outdoor recreation products was $887,000 million in 2019. The market in North America was valued at US$2.48 billion in 2021 and is expected to capture a large chunk of the global market share in the coming years.

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In Europe, the increasing preference for innovative busts from clothing stores should fuel the growth of the industry. In addition, the integration of robotic technologies and artificial intelligence into manikin can fuel the growth of the industry.

In Asia-Pacific, strong demand for apparel and accessories from India, Japan and China is expected to drive market progress. Additionally, the demand for robotic dolls may present worthwhile growth opportunities.

Reasons for this report:

  • A qualitative and quantitative market study based on segmentation that includes both economic and non-economic factors
  • Information on the market value per section and sub-segment
  • Indicates the region and market segment expected to expand fastest and dominate the market.
  • The consumption of the product/service in each region is highlighted along with the factors affecting the market in each region.
  • The competitive landscape includes the market rankings of the top players along with new service/product launches, collaborations, business expansions and acquisitions made by the profiled companies in recent years.

competitive landscape

Major players announce diverse range of products to improve their brand image

The prominent companies operating in the market are announcing diverse ranges of products to enhance their brand image. For example, in March 2022, PUMA India announced a series of mannequin ranges in well-known stores to celebrate Women’s Day. This launch may allow the company to catch the attention of consumers and increase its sales significantly. This strategy can enable PUMA to strengthen its brand image worldwide. In addition, key market players are pursuing expansions, R&D, innovations, new product launches, and mergers to improve their market positions and increase annual sales.

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Detailed table of contents:

  • introduction
    • research area
    • market segmentation
    • research methodology
    • Definitions and Assumptions
  • summary
  • market dynamics
    • market leader
    • Market Restrictions
    • market opportunities
    • New trends
  • Important Findings
    • Overview of parent/related markets
    • Industry SWOT Analysis
    • Supply Chain and Regulatory Analysis
    • Recent Industry Developments – Policies, partnerships, new product launches and mergers and acquisitions
    • Qualitative analysis (in relation to COVID-19)
      • Effects of COVID-19
      • Supply chain challenges due to COVID-19
      • Potential opportunities due to COVID-19
  • Global Mannequin Market Analysis, Insights and Forecasts, 2018-2029
    • Key Findings / Summary
    • Market size estimates and forecasts
      • By product type (value)
      • By Material (Value)
      • By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • South America
        • Middle East & Africa
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Table of contents continued…!

key industry development

  • October 2021- Twiggy was pictured in Stradivarius’ Fall ’21 collection against a muted autumnal backdrop in Barcelona.

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Frequently Asked Questions (FAQs):

1. How much is the global mannequin market worth?

Answers: Fortune Business Insights says the market size was $5.20 billion in 2021 and is expected to reach $6.34 billion by the end of 2029.

2. What was the value of the global market in 2021?

Answers: In 2021, the market value was USD 5.20 billion.

3. At what CAGR is the global market anticipated to grow during the forecast period (2022-2029)?

Answers: With a CAGR of 2.6%, the market is expected to show steady growth during the forecast period (2022-2029).

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