Loungewear Market Research Report - Global Forecast till 2027

Global Loungewear Market Research Report: Information By Material (Cotton, Wool, Silk and Others), End User (Female, Male and Kids), Distribution Channel (Store-Based {Supermarkets & Hypermarkets, Specialty Stores and Others} and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/CR/8955-HCR | March, 2021 | Region : Global

Market Scenario


Global Loungewear Market size is projected to reach approximately USD 9.23 Billion by 2027, at a CAGR of 9.5% from 2020 to 2027. The demand for loungewear is increasing owing to consumer inclination toward fashionable and versatile designs in loungewear. Loungewear is casual, comfortable clothing suitable for wearing at home. They are available in different materials, such as wool, silk, and cotton. Various initiatives taken by manufacturers to expand their business in the loungewear market are expected to drive the demand. Moreover, the rising demand for loungewear trend while walking, or at the gym or yoga, at the beach, as a bathing suit is also expected to uplift the market growth. Media promotion and celebrity endorsements are creating an opportunistic market for the players in the loungewear industry.


The outbreak of COVID-19 across the globe has resulted in a lockdown of cities, border restrictions, and breakdown of transportation networks. This is projected to have a significant impact on the commodities supply chains, international trade, and manufacturing operations across the world. According to the United Nations, the global economy is projected to contract by around 1% or more instead of registering 2.5% growth projected by the World Economic Situation and Prospects report 2020. The world economy contraction rate is expected to be more than 1% or possibly more than what was experienced in the global financial crisis in 2009 (i.e., ~2.5%) if the governments (in the developing and developed countries) fail to provide required income support and help lift consumer spending.


A significant change has been observed in consumer buying behavior due to the COVID-19 pandemic. As stay-at-home restrictions started, consumers gravitating towards fashion catered to the new normal. The transition from work from home, grocery shopping, work-out, and social media appearance has changed the fashion trend into presentable and comfortable clothes.  


Market Synopsis


Global Loungewear Market has witnessed moderate growth in recent years. The growing acceptance of loungewear as a fashion trend as consumers have shifted their focus towards comfortable and presentable clothing preference at home. The wide availability of the product in different types, such as sweatshirts, lounge shirts, joggers, and jumpsuits, has escalated the demand for loungewear. Moreover, the rising demand for fashionable and trendy loungewear has encouraged market players to launch innovative products to cater to the increasing consumer demand. Also, the availability of products for different events such as meetings, late lunches, brunch, and evening soirees has considerably contributed to the growth of the global market.


Market USP


Availability of Luxury Loungewear


Market Drivers



  • Mounting growth of the organized retail sector: The increasing availability of clothing at organized retail stores is an important factor fueling the sales of loungewear. These products were earlier available at selected outlets such as convenience stores and specific retail stores. A growing customer base has led retail stores, such as supermarkets and hypermarkets, to stock loungewear, thereby facilitating the purchase. Furthermore, supermarket chains and retailers at the regional and national levels are capitalizing on the loungewear trend. Additionally, advertisements and promotional activities for loungewear at various retail chains are supporting sales. E-commerce platforms are the rapidly growing business model in every industry. Even though the percentage of people buying clothing through stores is currently higher, it has been observed that the adoption of online platforms is growing rapidly

  • Entry of foreign retailers

  • Increasing per capita disposable income

  • Growing working women population


Market Restraints



  • Presence of Unorganized Markets


Segmentation


By Material



  • Cotton: The segment accounted for the largest revenue share and is expected to maintain its dominance during the forecast period due to the ease in availability of products. Attractive product packaging and the growing trend of loungewear owing to the influence of social media is expected to propel the growth of the segment during the forecast period.

  • Wool

  • Silk

  • Others


By End-Use



  • Female: This segment accounted for the largest market share in 2019 and is projected to grow at a moderate pace during the forecast period. The availability of high-quality modern clothing at reasonable prices for women is anticipated to drive the demand for loungewear.

  • Male

  • Kids


By Distribution Channel



  • Store-Based: The store-based segment has been further divided into supermarkets and hypermarkets, specialty stores, and others. The supermarkets and hypermarkets sub-segment is expected to be the largest as these channels account for the maximum sales of loungewear. Convenience stores also play a significant role in the distribution of loungewear.

  • Non-Store-Based


By Region



  • North America: North America accounted for the largest market share in the global loungewear market in 2019 and is expected to show the same trend during the study period. The key manufactures are emphasizing the promotional activities to create strong awareness among the consumers regarding new product launches, which will accelerate the growth of the North American market. Moreover, manufacturers are focusing on expanding their presence to capture the regional market. For instance, in October 2019, Nordstrom, Inc. announced the opening of its first-ever flagship store in New York (US) for Women and Children.

  • Europe

  • Asia-Pacific

  • Rest of the World


Key Players



  • L Brands Inc. (US)

  • Hanesbrands Inc. (US)

  • Jockey International Inc. (US)

  • Marks & Spencer Group Plc (UK)

  • PVH CORPORATION (US)

  • H & M (Sweden)

  • Triumph International Holding GmBH (Germany)

  • Authentic Brands Group LLC (US)

  • Urban Outfitters (US)

  • Nordstrom, Inc. (US)

Table of Contents

1. EXECUTIVE SUMMARY

2. MARKET INTRODUCTION

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Research Objectives

2.2.2. Assumptions & Limitations

2.3. Market Structure

3. MARKET RESEARCH METHODOLOGY

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

4. MARKET LANDSCAPE

4.1. Supply Chain Analysis

4.1.1. Raw Material Suppliers

4.1.2. Manufacturers/Producers

4.1.3. Distributors/Retailers/Wholesalers/E-Commerce

4.1.4. End Users

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitutes

4.2.5. Internal Rivalry

4.3. Impact of COVID-19 outbreak on Global Loungewear Market

4.3.1. Impact on Production

4.3.2. Impact on Consumer Buying Behavior

4.3.3. Impact on Pricing

4.3.4. Impact on Store-Based VS Non-Store-Based Sales

4.3.5. Others

5. MARKET DYNAMICS OF THE GLOBAL LOUNGEWEAR MARKET

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Challenges

6. GLOBAL LOUNGEWEAR MARKET, BY MATERIAL

6.1. Introduction

6.2. Cotton

6.2.1. Market Estimates & Forecast, 2020-2027

6.2.2. Market Estimates & Forecast, by Region, 2020-2027

6.3. Wool

6.3.1. Market Estimates & Forecast, 2020-2027

6.3.2. Market Estimates & Forecast, by Region, 2020-2027

6.4. Silk

6.4.1. Market Estimates & Forecast, 2020-2027

6.4.2. Market Estimates & Forecast, by Region, 2020-2027

6.5. Others

6.5.1. Market Estimates & Forecast, 2020-2027

6.5.2. Market Estimates & Forecast, by Region, 2020-2027

7. GLOBAL LOUNGEWEAR MARKET, BY END USER

7.1. Introduction

7.2. Female

7.2.1. Market Estimates & Forecast, 2020-2027

7.2.2. Market Estimates & Forecast, by Region, 2020-2027

7.3. Male

7.3.1. Market Estimates & Forecast, 2020-2027

7.3.2. Market Estimates & Forecast, by Region, 2020-2027

7.4. Kids

7.4.1. Market Estimates & Forecast, 2020-2027

7.4.2. Market Estimates & Forecast, by Region, 2020-2027

8. GLOBAL LOUNGEWEAR MARKET, BY DISTRIBUTION CHANNEL

8.1. Introduction

8.2. Store-Based

8.2.1. Market Estimates & Forecast, 2020-2027

8.2.2. Market Estimates & Forecast, by Region, 2020-2027

8.2.3. Supermarkets & Hypermarkets

8.2.3.1. Market Estimates & Forecast, 2020-2027

8.2.3.2. Market Estimates & Forecast, by Region, 2020-2027

8.2.4. Specialty Stores

8.2.4.1. Market Estimates & Forecast, 2020-2027

8.2.4.2. Market Estimates & Forecast, by Region, 2020-2027

8.2.5. Others

8.2.5.1. Market Estimates & Forecast, 2020-2027

8.2.5.2. Market Estimates & Forecast, by Region, 2020-2027

8.3. Non-Store-Based

8.3.1. Market Estimates & Forecast, 2020-2027

8.3.2. Market Estimates & Forecast, by Region, 2020-2027

9. GLOBAL LOUNGEWEAR MARKET, BY REGION

9.1. Introduction

9.2. North America

9.2.1. Market Estimates & Forecast, 2020-2027

9.2.2. Market Estimates & Forecast, by Material, 2020-2027

9.2.3. Market Estimates & Forecast, by End User, 2020-2027

9.2.4. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.2.5. Market Estimates & Forecast, by Country, 2020-2027

9.2.6. US

9.2.6.1. Market Estimates & Forecast, by Material, 2020-2027

9.2.6.2. Market Estimates & Forecast, by End User, 2020-2027

9.2.6.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.2.7. Canada

9.2.7.1. Market Estimates & Forecast, by Material, 2020-2027

9.2.7.2. Market Estimates & Forecast, by End User, 2020-2027

9.2.7.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.2.8. Mexico

9.2.8.1. Market Estimates & Forecast, by Material, 2020-2027

9.2.8.2. Market Estimates & Forecast, by End User, 2020-2027

9.2.8.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.3. Europe

9.3.1. Market Estimates & Forecast, 2020-2027

9.3.2. Market Estimates & Forecast, by Material, 2020-2027

9.3.3. Market Estimates & Forecast, by End User, 2020-2027

9.3.4. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.3.5. Market Estimates & Forecast, by Country, 2020-2027

9.3.6. Germany

9.3.6.1. Market Estimates & Forecast, by Material, 2020-2027

9.3.6.2. Market Estimates & Forecast, by End User, 2020-2027

9.3.6.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.3.7. UK

9.3.7.1. Market Estimates & Forecast, by Material, 2020-2027

9.3.7.2. Market Estimates & Forecast, by End User, 2020-2027

9.3.7.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.3.8. France

9.3.8.1. Market Estimates & Forecast, by Material, 2020-2027

9.3.8.2. Market Estimates & Forecast, by End User, 2020-2027

9.3.8.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.3.9. Spain

9.3.9.1. Market Estimates & Forecast, by Material, 2020-2027

9.3.9.2. Market Estimates & Forecast, by End User, 2020-2027

9.3.9.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.3.10. Italy

9.3.10.1. Market Estimates & Forecast, by Material, 2020-2027

9.3.10.2. Market Estimates & Forecast, by End User, 2020-2027

9.3.10.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.3.11. Rest of Europe

9.3.11.1. Market Estimates & Forecast, by Material, 2020-2027

9.3.11.2. Market Estimates & Forecast, by End User, 2020-2027

9.3.11.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.4. Asia-Pacific

9.4.1. Market Estimates & Forecast, 2020-2027

9.4.2. Market Estimates & Forecast, by Material, 2020-2027

9.4.3. Market Estimates & Forecast, by End User, 2020-2027

9.4.4. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.4.5. Market Estimates & Forecast, by Country, 2020-2027

9.4.6. China

9.4.6.1. Market Estimates & Forecast, by Material, 2020-2027

9.4.6.2. Market Estimates & Forecast, by End User, 2020-2027

9.4.6.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.4.7. Japan

9.4.7.1. Market Estimates & Forecast, by Material, 2020-2027

9.4.7.2. Market Estimates & Forecast, by End User, 2020-2027

9.4.7.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.4.8. India

9.4.8.1. Market Estimates & Forecast, by Material, 2020-2027

9.4.8.2. Market Estimates & Forecast, by End User, 2020-2027

9.4.8.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.4.9. Australia & New Zealand

9.4.9.1. Market Estimates & Forecast, by Material, 2020-2027

9.4.9.2. Market Estimates & Forecast, by End User, 2020-2027

9.4.9.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.4.10. Rest of Asia-Pacific

9.4.10.1. Market Estimates & Forecast, by Material, 2020-2027

9.4.10.2. Market Estimates & Forecast, by End User, 2020-2027

9.4.10.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.5. Rest of the World

9.5.1. Market Estimates & Forecast, 2020-2027

9.5.2. Market Estimates & Forecast, by Material, 2020-2027

9.5.3. Market Estimates & Forecast, by End User, 2020-2027

9.5.4. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.5.5. Market Estimates & Forecast, by Region, 2020-2027

9.5.6. South America

9.5.6.1. Market Estimates & Forecast, by Material, 2020-2027

9.5.6.2. Market Estimates & Forecast, by End User, 2020-2027

9.5.6.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.5.7. Middle East

9.5.7.1. Market Estimates & Forecast, by Material, 2020-2027

9.5.7.2. Market Estimates & Forecast, by End User, 2020-2027

9.5.7.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

9.5.8. Africa

9.5.8.1. Market Estimates & Forecast, by Material, 2020-2027

9.5.8.2. Market Estimates & Forecast, by End User, 2020-2027

9.5.8.3. Market Estimates & Forecast, by Distribution Channel, 2020-2027

10. COMPETITIVE LANDSCAPE

10.1. Introduction

10.2. Market Strategy

10.3. Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/New Product Developments/Agreements/Investments)

11. COMPANY PROFILES

11.1. L Brands Inc.

11.1.1. Company Overview

11.1.2. Financial Updates

11.1.3. Product/Business Segment Overview

11.1.4. Strategies

11.1.5. Key Developments

11.1.6. SWOT Analysis

11.2. Hanesbrands Inc.

11.2.1. Company Overview

11.2.2. Financial Updates

11.2.3. Product/Business Segment Overview

11.2.4. Strategies

11.2.5. Key Developments

11.2.6. SWOT Analysis

11.3. Jockey International Inc.

11.3.1. Company Overview

11.3.2. Financial Updates

11.3.3. Product/Business Segment Overview

11.3.4. Strategies

11.3.5. Key Developments

11.3.6. SWOT Analysis

11.4. Marks & Spencer Group Plc

11.4.1. Company Overview

11.4.2. Financial Updates

11.4.3. Product/Business Segment Overview

11.4.4. Strategies

11.4.5. Key Developments

11.4.6. SWOT Analysis

11.5. PVH CORPORATION

11.5.1. Company Overview

11.5.2. Financial Updates

11.5.3. Product/Business Segment Overview

11.5.4. Strategies

11.5.5. Key Developments

11.5.6. SWOT Analysis

11.6. H & M

11.6.1. Company Overview

11.6.2. Financial Updates

11.6.3. Product/Business Segment Overview

11.6.4. Strategies

11.6.5. Key Developments

11.6.6. SWOT Analysis

11.7. Triumph International Holding GmBH

11.7.1. Company Overview

11.7.2. Financial Updates

11.7.3. Product/Business Segment Overview

11.7.4. Strategies

11.7.5. Key Developments

11.7.6. SWOT Analysis

11.8. Authentic Brands Group LLC

11.8.1. Company Overview

11.8.2. Financial Updates

11.8.3. Product/Business Segment Overview

11.8.4. Strategies

11.8.5. Key Developments

11.8.6. SWOT Analysis

11.9. Urban Outfitters

11.9.1. Company Overview

11.9.2. Financial Updates

11.9.3. Product/Business Segment Overview

11.9.4. Strategies

11.9.5. Key Developments

11.9.6. SWOT Analysis

11.10. Nordstrom, Inc.

11.10.1. Company Overview

11.10.2. Financial Updates

11.10.3. Product/Business Segment Overview

11.10.4. Strategies

11.10.5. Key Developments

11.10.6. SWOT Analysis

12. CONCLUSION

LIST OF TABLES

TABLE 1 Global Loungewear Market, by Region, 2018–2027 (USD Million)

TABLE 2 Global Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 3 Global Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 4 Global Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 5 North America: Loungewear Market, by Country, 2018–2027 (USD Million)

TABLE 6 North America: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 7 North America: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 8 North America: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 9 US: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 10 US: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 11 US: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 12 Canada: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 13 Canada: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 14 Canada: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 15 Mexico: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 16 Mexico: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 17 Mexico: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 18 Europe: Loungewear Market, by Country, 2018–2027 (USD Million)

TABLE 19 Europe: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 20 Europe: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 21 Europe: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 22 Germany: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 23 Germany: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 24 Germany: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 25 France: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 26 France: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 27 France: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 28 Italy: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 29 Italy: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 30 Italy: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 31 Spain: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 32 Spain: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 33 Spain: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 34 UK: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 35 UK: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 36 UK: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 37 Rest of Europe: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 38 Rest of Europe: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 39 Rest of Europe: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 40 Asia-Pacific: Loungewear Market, by Country, 2018–2027 (USD Million)

TABLE 41 Asia-Pacific: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 42 Asia-Pacific: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 43 Asia-Pacific: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 44 China: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 45 China: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 46 China: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 47 India: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 48 India: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 49 India: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 50 Japan: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 51 Japan: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 52 Japan: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 53 Rest of Asia-Pacific: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 54 Rest of Asia-Pacific: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 55 Rest of Asia-Pacific: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 56 Rest of the World (RoW): Loungewear Market, by Region, 2018–2027 (USD Million)

TABLE 57 Rest of the World (RoW): Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 58 Rest of the World (RoW): Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 59 Rest of the World (RoW): Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 60 South America: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 61 South America: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 62 South America: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 63 Middle East: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 64 Middle East: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 65 Middle East: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

TABLE 66 Africa: Loungewear Market, by Material, 2018–2027 (USD Million)

TABLE 67 Africa: Loungewear Market, by End User, 2018–2027 (USD Million)

TABLE 68 Africa: Loungewear Market, by Distribution Channel, 2018–2027 (USD Million)

LIST OF FIGURES

FIGURE 1 Global Loungewear Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of the Global Loungewear Market

FIGURE 4 Value Chain of the Global Loungewear Market

FIGURE 5 Share of the Global Loungewear Market in 2019, by Country (%)

FIGURE 6 Global Loungewear Market, by Region, 2018–2027,

FIGURE 7 Global Loungewear Market Size, by Material, 2019

FIGURE 8 Share of the Global Loungewear Market, by Material, 2018–2027 (%)

FIGURE 9 Global Loungewear Market Size, by End User, 2019

FIGURE 10 Share of the Global Loungewear Market, by End User, 2018–2027 (%)

FIGURE 11 Global Loungewear Market Size, by Distribution Channel, 2019

FIGURE 12 Share of the Global Loungewear Market, by Distribution Channel, 2018–2027 (%)