Market Forecast By Products (Stainless Steel, Zinc Alloy, Bronze, Other material), By Application (Men's Clothing, Women's Clothing) And Competitive Landscape
|Product Code: ETC427828
|Publication Date: Nov 2022
|Product Type: Market Research Report
|No. of Pages: 75
|No. of Figures: 35
|No. of Tables: 20
Bangladesh Garment Eyelets Market is anticipating growth on the account of increasing demand for customized and branded apparel and increasing online sales and rising investments in textile production. The increasing demand for natural and organic fabrics, increase in tourism and garment exports are some of the key drivers of the Bangladesh garment eyelets market. Additionally, growth in the industrial sector is also boosting the demand for garment accessories such as eyelets. However, the high cost of raw materials, stringent environmental norms, and lack of skilled manpower and low production capacity are some of the restraints hampering the Bangladesh garment eyelets market growth However, some challenges faced by this market include low technology level and lack of expertise amongst vendors, which are hampering the overall development of this sector.
According to 6Wresearch, Bangladesh Garment Eyelets Market is expected to grow during 2022-2028. The Asia Pacific Garment Eyelets Market is expected to witness significant growth in the coming time period owing to the increasing investments, rise in online sales, increasing demand for customized and branded apparels. Bangladesh has been a major garment exporter which has helped the country to develop a strong garment industry. The Bangladesh garment industry produces a wide range of garments, including eyelets. Bangladesh Garment Eyelets Industry is forecast to grow attributed to the increasing demand from Asia Pacific region. Bangladesh is considered as one of the leading sources of eyelets. The country provides an ample supply of high-quality eyelets at pocket-friendly prices. This helps to attract significant volumes from international markets. Moreover, Bangladesh offers an easy and reliable access to these products due to its well-developed logistics infrastructure which contributes in the growth of Bangladesh Garment Eyelets Market.
The pandemic has had a significant impact on Bangladesh Garment Eyelets Market size owing to the several restrictions and quarantine measures. The industries have encountered huge losses due to unavailability of labor, decreased demand, and hindered supply chains. Also, the high cost of raw materials during the pandemic hampered the market to expand further.
Based on Products, the market is segmented into Stainless Steel, Zinc Alloy, Bronze, and Other Material. Each segment is growing in the forecast period.
In terms of Application, the market for Garment Eyelets in Bangladesh is segmented into Men's Clothing and Women's Clothing. Both application segments are rapidly growing and accounted to dominate the Bangladesh Garment Eyelets Market share.
The major companies have been active in the Bangladesh Garment Eyelets Market and developed strong reputations for quality products. There are a few challengers faced by the leading players in terms of market share. Additionally, there are some new entrants that are emerging with better quality products and aggressive marketing campaigns. Over the years, several key players have withdrawn the eyelet market due to increased competition from imported eyelets and declining sales volumes owing to weak economic conditions. The Bangladesh garment eyelets market is projected to grow by an increasing demand for customized and branded apparel, which in turn will be supported by increasing investments in R&D activities by key players.
The report offers a comprehensive study of the subsequent market segments: