Revenue in the Apparel market amounts to US$1.74tn in 2023. The market is expected to grow annually by 2.84% (CAGR 2023-2027).
The market's largest segment is the segment Women's Apparel with a market volume of US$0.90tn in 2023.
In global comparison, most revenue is generated in the United States (US$343.70bn in 2023).
In relation to total population figures, per person revenues of US$226.20 are generated in 2023.
In the Apparel market, volume is expected to amount to 193,931.3m pcs. by 2027. The Apparel market is expected to show a volume growth of 1.4% in 2024.
The average volume per person in the Apparel market is expected to amount to 24.0 pieces in 2023.
By 2023, 95% of sales in the Apparel market will be attributable to Non-Luxury goods.
The Apparel market comprises all clothing segments that are produced for private end customers and is broken down into the following product lines: Women’s Apparel, Men’s Apparel and Children’s Apparel. Work clothes as well as other personal accessories such as watches and jewelry, handbags or similar items that do not count as actual articles of clothing are not included. Nike, ZARA, H&M and Uniqlo are the most valuable fashion brands in the world. In addition, there are numerous small, middle-sized and big brands that operate successfully at a national or regional level. Along general lines, the distribution channels can be divided into stationary suppliers of multi-label products (department stores, traditional specialist shops), vertically integrated textile chains (e.g. H&M, Primark) and mail-order businesses (e-commerce, ordering by catalog). Furthermore, some fashion brands seek direct contact with their customers through single-label stores.