Global Apparel Market Overview and Insights:

Apparel Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.

What is the Future Market Size of the Apparel Industry and its Yearly Growth Rate?

The Global 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., 2024-30.  The market is growing due to shifting fashion trends. The desire for personal style and self-expression has caused a surge in demand for new fashion lines, leading to increased sales of innovative textiles and clothing items. This trend can be seen particularly clearly in the rapid growth of women's apparel, driven by an expanding working-class female demographic.

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Who are the Main Competitors Driving the Global Apparel Market Forward?

The prominent players essentially operating in the Apparel Market are as follows:

• 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
• Others

What are the key Drivers Defining the Global Apparel Market Size?

Growing Popularity of Athleisure and Activewear Globally – The apparel market 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 is the Segmentation of the Global Apparel Market?

The Apparel market covered in this report is segmented –

• By Type
  • Formal Wear- Market Size & Forecast 2019-2030, USD Million
  • Casual Wear- Market Size & Forecast 2019-2030, USD Million
  • Sportswear- Market Size & Forecast 2019-2030, USD Million
  • Sleepwear- Market Size & Forecast 2019-2030, USD Million
  • Others (Party Wear, Swimwear, Ethnic Wear, etc.)- Market Size & Forecast 2019-2030, USD Million
• By Fiber Type
  • Natural Fibers- Market Size & Forecast 2019-2030, USD Million
    • Animal Fibers- Market Size & Forecast 2019-2030, USD Million
    • Mineral Fibers- Market Size & Forecast 2019-2030, USD Million
    • Plant/Vegetable Fibers- Mineral Fibres- Market Size & Forecast 2019-2030, USD Million
  • Man-made Fibers- Market Size & Forecast 2019-2030, USD Million
    • Synthetic Fibers- Market Size & Forecast 2019-2030, USD Million
    • Artificial/Regenerated Fibers- Market Size & Forecast 2019-2030, USD Million
    • Inorganic Fibers- Market Size & Forecast 2019-2030, USD Million

Man-made fibers, mainly artificial fibers like polyester, nylon, and acrylic, hold the biggest market share. Man-made fibers have emerged as dominant due to numerous key elements, including their easy maintenance, resilience to shrinkage and wrinkles, and durability.

• By Distribution Channel
  • Online Retail- Market Size & Forecast 2019-2030, USD Million
  • Offline Retail- Market Size & Forecast 2019-2030, USD Million
    • Fashion Stores- Market Size & Forecast 2019-2030, USD Million
    • Shopping Malls- Market Size & Forecast 2019-2030, USD Million
    • Local Retail Stores- Market Size & Forecast 2019-2030, USD Million
  • By Region
    • North America
    • South America
    • Europe
    • The Middle East & Africa
    • Asia-Pacific

Key Questions Answered in the Research Report

1. What is the predicted Apparel market size and growth rate for the years 2024-30?
2. What challenges are restricting the growth of the Apparel market?
3. Which segment accounted for the largest market share in the Apparel market?
4. Which prominent companies are leading growth in the Apparel market?
5. In what formats does Markntel Advisors deliver the concerned report descriptions?
6. How long does it take for customers to receive the reports provided by Markntel Advisors?
7. Does Markntel Advisors provide customized reports?

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