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The global apparel market is expected to grow from $527.8 billion in 2020 to $635.7 billion in 2021 at a compound annual growth rate (CAGR) of 20.%.The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.The market is expected to reach $842.3 billion in 2025 at a CAGR of 7%.
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The apparel market consists of sales of apparel by entities (organizations, sole traders and partnerships) that produce apparel.Apparel producers cut and sew (i.. purchase fabric and cut and sew to make a garment) and/or produce garments by first knitting fabric and then cutting and sewing the fabric into a garment.The apparel manufacturing industry includes entities manufacturing full lines of ready-to-wear apparel and custom apparel: apparel contractors, performing cutting or sewing operations on materials owned by others, jobbers, performing entrepreneurial functions involved in apparel manufacturing, tailors, manufacturing custom garments for individual clients, and entities that combine knitting with the production of complete garments, but excluding producers of knitting fabric not combined with the produce of complete garments.
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The apparel market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the apparel market are NIKE Inc, Adidas AG, VF Corporation, PVH Corp, Hanesbrands Inc.
The global apparel market is segmented –
1) By Type: Womens Wear, Mens Wear, Kids Wear
2) By Distribution Channel: Retail Stores, Online Stores
3) By Type of Fiber: Man-Made Fibers, Cotton Fibers, Animal Based Fibers, Vegetable Based Fibers
Subsegments Covered: Dresses & Skirts, Womens Trousers, Blouses, Womens Jerseys, Sweatshirts & Pullovers, Womens Coats and Jackets, Womens Suits & Ensembles, Womens Blazers, Night & Underwear (Women & Girls), Womens T shirts & Slarlets, Womens Sports & Swimwear, Other Womens Wear, Mens Trousers, Mens Shirts, Mens Jerseys, Sweatshirts & Pullovers, Mens Coats and Jackets, Mens Blazers, Mens Suits, Night & Underwear( Mens and Boys), Mens T shirts & Slarlets, Mens Sports & Swimwear, Other Mens Wear, Infant And Toddler Clothes, Young Children Clothes
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The apparel market report describes and explains the global apparel market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The apparel report evaluates the market across each region and for the major economies within each region.
The countries covered in the global apparel market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global apparel market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Apparel Market Characteristics
- Apparel Market Product Analysis
- Apparel Market Supply Chain
- Key Mergers And Acquisitions In The Apparel Market
- Market Background: Paper, Plastics, Rubber, Wood And Textile
- Copyright And Disclaimer
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