The apparel industry market size is estimated to be around $1.9 trillion in the year 2025. It has a large supply chain, which has to be kept in check due to changing consumer expectations and rising product turnover rates. The CADA inA Apparel Industry market report covers key development trends and the current industry status, providing a global perspective. The report also provides insights into the latest innovations in the industry, such as the continuous evolution of fast-fashion styles and high-quality fabric.
While Western Europe held 35.2% of the Apparel Industry market in 2019, emerging markets such as China and India are expected to surpass Western Europe by the year 2022. By 2030, at that rate, at least 50% of global apparel sales will come from emerging markets. In 2019 alone, China is projected to account for over a third of the global apparel market, while the US will only see three to four percent growth. For those wondering about the future of the Apparel Industry, here are some key statistics to keep in mind:
The COVID 19 Outbreak Global Decorated Apparel Market Report also highlights the strategic profiles of the major players and company segmentations. The report uses SWOT analysis to examine data and provide insight into the industry’s future state. By examining this data, it will be easier for you to determine how to position yourself in this rapidly growing market. It is an excellent way to determine the size of your apparel industry market and develop your business.
During the forecast period, the CAGR for the apparel industry is expected to be 4.0 percent. Growth is expected to be faster than average in emerging countries, mainly due to the high penetration of fast fashion retailers such as Zara. Companies that operate in both the wholesale and retail sectors must maintain their territories in order to remain competitive. Therefore, this CAGR is projected to increase over the next five years, from 2018 to 2025. The report highlights the various trends that are shaping the apparel industry.
China’s apparel market is also growing at a steady pace, driven by increasing per capita income and favourable demographics. The shift to branded products is a significant driver for the apparel industry in China. Urbanization and casual dress codes could also lead to increased demand for western-style clothing. These factors will continue to drive growth in the apparel industry worldwide. The growth in online sales of apparel is largely attributable to web-only startups.
The sports riding and bike racing segments offer tremendous growth potential for the apparel industry. As bike racing and sports riding are popular amongst young people, apparel manufacturers are developing apparel that caters to both fashion and safety concerns. Driving apparel is increasing in demand as awareness of road safety continues to grow as well as stringent government regulations. The growing popularity of motorsports is also fuelling the growth of this segment. However, the overall growth rate of driving apparel is slow, due to the high cost of such protective gear.