
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., 2025-30.
Global Apparel Market Driver:
Growing Popularity of Athleisure and Activewear Globally – The apparel industry 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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Apparel Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Type
- Formal Wear- Market Size & Forecast 2020-2030, USD Million
- Casual Wear- Market Size & Forecast 2020-2030, USD Million
- Sportswear- Market Size & Forecast 2020-2030, USD Million
- Sleepwear- Market Size & Forecast 2020-2030, USD Million
- Others (Party Wear, Swimwear, Ethnic Wear, etc.)- Market Size & Forecast 2020-2030, USD Million
- By Fiber Type
- Natural Fibers- Market Size & Forecast 2020-2030, USD Million
- Animal Fibers- Market Size & Forecast 2020-2030, USD Million
- Mineral Fibers- Market Size & Forecast 2020-2030, USD Million
- Plant/Vegetable Fibers- Mineral Fibres- Market Size & Forecast 2020-2030, USD Million
- Man-made Fibers- Market Size & Forecast 2020-2030, USD Million
- Synthetic Fibers- Market Size & Forecast 2020-2030, USD Million
- Artificial/Regenerated Fibers- Market Size & Forecast 2020-2030, USD Million
- Inorganic Fibers- Market Size & Forecast 2020-2030, USD Million
- Natural Fibers- Market Size & Forecast 2020-2030, USD Million
- By Distribution Channel
- Online Retail- Market Size & Forecast 2020-2030, USD Million
- Offline Retail- Market Size & Forecast 2020-2030, USD Million
- Fashion Stores- Market Size & Forecast 2020-2030, USD Million
- Shopping Malls- Market Size & Forecast 2020-2030, USD Million
- Local Retail Stores- Market Size & Forecast 2020-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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, and others
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