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Value of the leading apparel markets worldwide 2011, based on sales

Value of the leading apparel markets worldwide in 2011, based on sales (in billion U.S. dollars)

Value of the leading apparel markets worldwide 2011, based on sales This statistic depicts the value of the leading apparel markets worldwide in 2011, based on sales. In that year, the United States was the largest apparel market of the world with a market value of 331 billion U.S. dollars.
Apparel Industry

Despite the current global economic downturn, the global apparel industry continues to grow at a healthy rate and this, coupled with the absence of switching costs for consumers and great product differentiation, means that rivalry within the industry is no more than moderate. The apparel industry is of great importance to the economy in terms of trade, employment, investment and revenue all over the world. This particular industry has short product life cycles, vast product differentiation and is characterized by great pace of demand change coupled with rather long and inflexible supply processes.

Even well-established brands have to work hard to maintain their share of the market. Consumers are demanding more versatile wear with wider functionality, which means retailers continue producing new styles of apparel for men and women.

Apparel remains largely a discretionary purchase compared to other consumer goods, making it more prone to economic shocks. The global apparel market has been shaped by three contrasting regional movements - robust growth in emerging markets, fragile recovery in the US, and a sharp slowdown in Western Europe. The global apparel market is always changing, attempting to adapt to customer trends and new technology that will allow the consumers shopping experience to be more enjoyable and ergonomic.
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Value of the leading apparel markets worldwide in 2011, based on sales (in billion U.S. dollars)

Apparel marketMarket value in billion U.S. dollars
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Apparel marketMarket value in billion U.S. dollars
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This statistic depicts the value of the leading apparel markets worldwide in 2011, based on sales. In that year, the United States was the largest apparel market of the world with a market value of 331 billion U.S. dollars.
Apparel Industry

Despite the current global economic downturn, the global apparel industry continues to grow at a healthy rate and this, coupled with the absence of switching costs for consumers and great product differentiation, means that rivalry within the industry is no more than moderate. The apparel industry is of great importance to the economy in terms of trade, employment, investment and revenue all over the world. This particular industry has short product life cycles, vast product differentiation and is characterized by great pace of demand change coupled with rather long and inflexible supply processes.

Even well-established brands have to work hard to maintain their share of the market. Consumers are demanding more versatile wear with wider functionality, which means retailers continue producing new styles of apparel for men and women.

Apparel remains largely a discretionary purchase compared to other consumer goods, making it more prone to economic shocks. The global apparel market has been shaped by three contrasting regional movements - robust growth in emerging markets, fragile recovery in the US, and a sharp slowdown in Western Europe. The global apparel market is always changing, attempting to adapt to customer trends and new technology that will allow the consumers shopping experience to be more enjoyable and ergonomic.
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