Industry Overview:
The global apparel market size is expected to reach at $1.79 trillion in 2024 and the market is projected to grow at a CAGR of 2.81% between 2024 and 2028, reaching at $2 trillion.
Market Drivers
Changing Fashion Trends
The demand for apparel items is driven by fashion-conscious consumers who are always on the lookout for new styles, patterns, and trends like athleisure, customization, and sustainability are some of the trends that shape the market.
Rising Disposable Income
The demand for garment items has increased as a result of rising apparel consumption in emerging nations due to growing disposable incomes
Growing Urbanization
Consumer habits have changed as a result of urbanization, placing more value on fashion & beauty; emerging markets with middle class growth have seen growth
Increasing Awareness on Health and Fitness
Demand for sportswear, athleisure, and performance-oriented clothing has increased due to the increased emphasis on health and fitness. Consumers are looking for trendy yet comfortable clothing that fits their lifestyles.
Cost Insights
Opportunities:
Emerging markets and expansion
Growing disposable incomes and shifting consumer habits present significant growth prospects in emerging economies like China, India, and Brazil & Southeast Asia
Sustainable Fashion
The increasing demand from consumers for clothing that is environmentally & ethically made offers apparel firms a great chance to adopt sustainable practices
Customization & Personalization
By using technologies like 3D printing, customization software, and made-to-measure services, brands may set themselves apart from competitors by providing distinctive and customized experiences to increase customer loyalty
Challenges:
Digital Disruption and E –commerce competition
The emergence of digital-native businesses and e-commerce platforms is upending conventional retail patterns and increasing competitiveness in the clothing sector
Geopolitical Uncertainty and Trade Disputes
Trade restrictions, tariffs, and geopolitical unrest can affect market access in important areas, break supply chains, and raise production costs.
Technological disruption and Skill Gap
Technologies like automation, AI, and data analytics necessitate retraining and upskilling of workers in the garment sector & bridging the gap to foster digital literacy, and fostering a culture of innovation has become essential for companies
Industry Trends:
1. Industry Overview
- 1.1. Revenue of the apparel market( in trillions U.S dollars)
- 1.2. Global Apparel Markets based on revenue shares
2. Industry Market Size
- 2.1. Revenue of the Global Apparel Market by segments
- 2.2. Apparel & Footwear year on year revenue growth rates by retail, may 2022
- 2.3. Value of the leading apparel brands worldwide(in billion U.S dollars),2023
- 2.4. Key Highlights
3. Market Insights
- 3.1. Sales Channels – Online and Offline Revenue share
- 3.2. Year over Year growth in fashion retail sales-Non Luxury
- 3.3. Top Rated Brands Worldwide
- 3.4. Secondhand apparel share
4. Consumer Insights
- 4.1. Global Apparel Market Sales Channel Preference by Age group
- 4.2. Revenue of Men’s apparel market worldwide by country ,2022(in $ billion)
- 4.3. Factors Influencing Buying Decision
- 4.4. Buying Intention- Research Model
5. Pricing Insights
- 5.1. Pricing Strategies for Apparel Industry
- 5.2. U.S Consumer Price Index for Apparel and Sub categories(2021-2022)in %
- 5.3. Producer Price Index: Apparel Manufacturing
- 5.4. Factors affecting price
6. Cost Insights
- 6.1. Breakdown of cost components in apparel manufacturing
- 6.2. Per capita consumer spending on apparel and footwear(in U.S dollars)
- 6.3. Key Factors that influence the apparel manufacture costs
- 6.4. Stages of costing in the apparel industry
7. Business Models
8. Industry Trends
- 8.1. Impact of top 10 apparel industry trends
- 8.2 Trends in the apparel manufacturing Industry
- 8.3. Sustainable Apparel Share
9. Market Drivers and Restraints
- 9.1. Market Drivers
- 9.2. Size of the activewear market worldwide(in billion U.S dollars)
- 9.3. Market Restraints
- 9.4. Technological influence on the apparel industry
10. Market Opportunities and Challenges
- 10.1. Opportunities
- 10.2. Challenges
- 10.3. Top 10 Export Countries(in billion US dollars)
- 10.4. Top 10 Import Countries(in billion US dollars)
11. Competitive Benchmarking
12. Company Analysis(1/4)
- 12.1. Revenue and brand value(in $ billion)
- 12.2. Zara Web Traffic by region
- 12.3. Key Elements of Growth Strategy
- 12.4. Zara Revenue Breakup
13. Company Analysis(2/4)
- 13.1. Number of stores per region( February, 2024)
- 13.2. Leading 10 sales market of the H&M group, 2022(in $ million)
- 13.3. Initiatives for improved customer experience
- 13.4. H&M web traffic by country
14. Company Analysis(3/4)
- 14.1. Global net sales by region(in $ million)
- 14.2. Sales share of Levis Strauss men’s products worldwide
- 14.3. Strategic Framework
- 14.4. Web traffic by country
15. Company Analysis(4/4)
- 15.1. Sales Channel Mix-Branded Apparel &Sales Channel Mix-Branded Textile
- 15.2. Share of sales contribution by segment,2023
- 15.3. Strategic Outlook
16. Regional Insights- India
- 16.1. Apparel Industry market size -India(in trillion Indian rupees)
- 16.2. Growth Drivers of the Apparel Market
- 16.3. Market Statistics
- 16.4. Indian Apparel Market Share by segment
- 16.5. Revenue of Apparel Market India(in billion US dollars)
17. Regional Insights- USA
- 17.1. Revenue of the apparel market in USA by segment(in billion U.S dollars)
- 17.2. Purchase Criteria in US
- 17.3. Sources US apparel imports
- 17.4. Purchase Criteria in US
18. SWOT Analysis
19. Porter Five Forces Analysis
20. Company Segmentation
