MarkNtel Advisors recently published a detailed industry analysis of the Global Apparel Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Apparel Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Apparel Market size was valued at around USD 1.34 trillion in 2023 & is projected to reach around USD 1.78 trillion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.3% during the forecast period, i.e., 2025-30.
Key Findings in Global Apparel Market:
- Historical Analysis: 2020–2023
- Base Year: 2024
- Forecast Period: 2025–2030
Leading Market Players- PVH Corp., Inditex, Kering SA, LVMH Louis Vuitton Moët Hennessy, Aditya Birla Group, H&M Hennes & Mauritz Retail Pvt. Ltd., Nike Inc., ASICS, Puma, Shein, Reliance Retail, Capri Holdings Limited, Apparel Industries, Toray Industries, Inc., Steve Madden, and others
Key Highlights of the Report
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
What are the major Driver the Global Apparel Market?
Growing Popularity of Athleisure and Activewear Globally – The apparel industry is experiencing sizable growth because of the growing global demand for athleisure and activewear. This fashion has been fueled because the purchasers search for an extra comfortable lifestyle that blends athletic wear with ordinary informal garb. Factors driving this shift consist of an additional emphasis on fitness & health and changes in workplace dress codes towards more relaxed attire. Athleisure's versatility enables individuals to seamlessly transition from workout to social settings without changing outfits, making it attractive throughout various demographics.
The result has been increased demand for top-notch and stylish sports apparel that excels during workouts and fits fashionably outside of athletic contexts. Many people have embraced a more active routine while leaning towards easygoing clothing options. Consequently, there is a growing trend among traditional fashion brands and athletic wear companies like Adidas, Athleta, Asics, and Puma to allocate more resources toward developing fresh materials and creative designs along with marketing tactics to appeal to an expanding customer base. This has subsequently driven the overall growth & expansion of the apparel industry.
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What segments define the Global Apparel Market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
By Type
- Formal Wear- Market Size & Forecast 2020-2030, USD Million
- Casual Wear- Market Size & Forecast 2020-2030, USD Million
- Sportswear- Market Size & Forecast 2020-2030, USD Million
- Sleepwear- Market Size & Forecast 2020-2030, USD Million
- Others (Party Wear, Swimwear, Ethnic Wear, etc.)- Market Size & Forecast 2020-2030, USD Million
By Fiber Type
- Natural Fibers- Market Size & Forecast 2020-2030, USD Million
- Animal Fibers- Market Size & Forecast 2020-2030, USD Million
- Mineral Fibers- Market Size & Forecast 2020-2030, USD Million
- Plant/Vegetable Fibers- Mineral Fibres- Market Size & Forecast 2020-2030, USD Million
- Man-made Fibers- Market Size & Forecast 2020-2030, USD Million
- Synthetic Fibers- Market Size & Forecast 2020-2030, USD Million
- Artificial/Regenerated Fibers- Market Size & Forecast 2020-2030, USD Million
- Inorganic Fibers- Market Size & Forecast 2020-2030, USD Million
According to report, Man-made fibers, mainly artificial fibers like polyester, nylon, and acrylic, hold the biggest market share.
By Distribution Channel
- Online Retail- Market Size & Forecast 2020-2030, USD Million
- Offline Retail- Market Size & Forecast 2020-2030, USD Million
- Fashion Stores- Market Size & Forecast 2020-2030, USD Million
- Shopping Malls- Market Size & Forecast 2020-2030, USD Million
- Local Retail Stores- Market Size & Forecast 2020-2030, USD Million
According to report, The apparel industry has changed because of online retail, especially e-commerce.
Explore the Complete Global Apparel Market Analysis Report – https://www.marknteladvisors.com/research-library/apparel-market.html
Geographical Analysis: Global Apparel Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Apparel Market Recent Development:
- 2024: ASICS’s apparel store was inaugurated in Bahrain by Apparel Group, situated at Marassi Galleria. This significant event signifies the commendable expansion of the revered Japanese athletic apparel label.
- 2023: Reliance Retail unveiled its latest venture, Yousta, a fashion retail concept aimed at the youth demographic. Yousta's youth-oriented fashion adventure kicked off with the opening of its first store in Hyderabad's Sarath City Mall. The brand endeavors to offer stylish clothing at reasonable prices.
Key Questions Addressed in This Study
- What are the primary factors driving the growth of the Apparel Market?
- How is the Apparel Market expected to evolve over the next five years?
- What key insights can be drawn from current trends shaping the market?
- What is the current market size, and how is it forecasted to change in the coming years?
- What is the future outlook for the market in terms of technological innovation and geographic expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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