Market Insights report
Apparel is the biggest non-food consumer goods category worldwide. The market is characterized by short product lifecycles that have even been lowered in recent years due to the rise of fast fashion retailers like Zara and H&M. In recent years, however, a slow transition to more sustainable production and working conditions can be observed.
What's included?
The Apparel market is rapidly evolving. It comprises all clothing products that are produced for private end consumers. The market is divided into three segments: Women's Apparel, Men's Apparel and Children's Apparel. Each segment is divided into sub-segments such as coats and jackets, blazers, suits, dresses, skirts, sweatshirts, trousers as well as sports- and underwear. Working clothes and accessories which can not be directly assigned to the clothes market such as watches or handbags are not included in this report.This report from the series of Consumer Market Insights reports gives an overview of the Apparel market from an international perspective. Besides all relevant market figures like total and per capita revenues for the years from 2014 to 2027, we furthermore give detailed insights into current trends, key players and important background information on the Apparel market.
In general, the Apparel market is expected to grow at a CAGR of 1.8% between 2014 and 2027. All segments in the Apparel market are expected to grow similarly. The CAGR between 2022-2027 for the Women's segment is 5.01% and for the Children's segment is 4.4%. The highest growth is found in the Men's segment which has a CAGR of 5.04%, reaching US$639 billion in 2027. The upswing in online shopping and the continuing expansion of major textile chains lead to an increasing pressure on price levels in an ever-growing total market, which is just one explanation for its steady growth.
Note: CAGR: Compound Annual Growth Rate / average growth rate per year
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