The global apparel market size is anticipated to expand at a CAGR of 9.8% during the forecast period, 2021-2028.
Apparel market is defined as the industry that mostly focuses on the production of cloths and garments. Garments are made by uniting, cutting, and sewing fabric. Garments include socks, uniforms, caps, shirts, T-shirts, jackets, hats, neckties, and belts. Apparel can be produced by material such as polyester, cotton, and linen.
Apparel defines the production of cloths and fabric that is directly focused on new trends, fashions, and culture. The clothing is designed and produce by targeting the latest trend and the cultural outfits. Apparels can be of two types ready-to-wear and sewed. The ready to wear segment holds the major market share. These apparel industries are well associated with the vendors and contractor so as to increase the sales landmark in specific region by targeting to all types of audiences.
The report on global apparel market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes |
Details |
Report Title |
Global Apparel Market - Industry Analysis, Size, Share, Growth, Trends And Forecast |
Base Year |
2020 |
Historic Data |
2018 & 2019 |
Forecast Period |
2021–2028 |
Segmentation |
Type of Fiber (Natural Fiber and Synthetic Fiber), Distribution Channel (Online and Offline), End-users (Women, Men, and Kids) |
Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
Key Players Covered in the Report |
NIKE, Inc., Adidas AG, PVH Corp, Christian Dior SE, Hanes brands Inc., VF Corporation, Levi Strauss & Co., Kering S.A., Ralph Lauren Corporation, Samsung C&T Corporation, Aditya Birla Fashion and Retail Limited, Shanshan Group Co., United Arrows, Matsuoka Corp, Heilan Group, and Youngor Group |
Based on type of fiber, the apparel market is bifurcated into natural fiber and synthetic fiber. The synthetic fiber segment is projected to hold significant market share during the forecast period. Synthetic fiber is widely used fiber in the market because it is light weight and comfortable in nature. People are more attracted towards wearing light weight cloths so as to feel comfortable. Hoodies, active wear, sportswear, and t-shirts are made from synthetic fibers. Synthetic fiber has the material names as polypropylene which is the lighter fabric ever; it is lighter than water and nylon as well.
On the basis of distribution channel, the apparel market is segregated into online and offline. The online segment is estimated to grow at a rapid pace. The apparels segment is moving towards the inclination of graph on the online platforms. The new apparels stores, website, and online application are new trend in youth for shopping their cloths and garments. This is possible because of the huge engagement of the audiences on the online platforms. The apparel industry hits audience attention by performing online advertisement such as pop-ups and social media advertising. Many vendors and distributors have started their new milestone to increase their engagement by directly attracting the youth by moving on online platforms. Thus the Online segment dominates the largest segment in the market.
Based on end-users, the apparel market is fragmented into women, men, and kids. The men segment is expected to hold major market share during the forecast period. This is due to male tending to focus more on style and quality while purchasing the garments. Various men’s fashion magazines are introduced globally this can contribute to the market’s growth.
In terms of regions, the global apparel market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The manufacturer in this region has increased their association and engagements in the niche market who sells the particular products in the limited area. By this the Canadian market will be collaborate with small vendors and distributors so as for the designing and producing the high quality of clothing that includes the apparel such as active wears, sportswear, and protective clothing’s.
Segments Covered in the Report
By Type of Fiber
By Distribution Channel
By End-users
By Regions
By Key Players
Key players in the global apparel market include NIKE, Inc., Adidas AG, PVH Corp, Christian Dior SE, Hanes brands Inc., VF Corporation, Levi Strauss & Co., Kering S.A., Ralph Lauren Corporation, Samsung C&T Corporation, Aditya Birla Fashion and Retail Limited, Shanshan Group Co., United Arrows, Matsuoka Corp, Heilan Group, and Youngor Group. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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