The global apparel and leather products market size is expected to grow from $870.37 billion in 2021 to $961.96 billion in 2022 at a compound annual growth rate (CAGR) of 10.5%. The apparel and leather market is expected to grow to $1,379.91 billion in 2026 at a CAGR of 9.4%.
What is the Global Apparel And Leather Products Market?
The apparel and leather products market consists of sales of apparel and leather products by entities (organizations, sole traders and partnerships) that produce apparel, leather and related products. Apparel producers cut and sew (i.e., purchase fabric and cut and sew to make a garment) and/or produce garments by first knitting fabric and then cutting and sewing the fabric into a garment. The apparel manufacturing industry includes entities manufacturing full lines of ready-to-wear apparel and custom apparel: apparel contractors, performing cutting or sewing operations on materials owned by others, jobbers, performing entrepreneurial functions involved in apparel manufacturing, tailors, manufacturing custom garments for individual clients, and entities that combine knitting with the production of complete garments, but excluding producers of knitting fabric not combined with the produce of complete garments. Leather and allied product producers transform hides into leather by tanning or curing and fabricating the leather into products for final consumption, and/or produce similar products from other materials, including products (except apparel) made from "leather substitutes” such as rubber, plastics, or textiles. Rubber footwear, textile luggage, and plastics purses or wallets are examples of "leather substitute" products included in this market.
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What drives the Global Apparel And Leather Products Market?
Increasing demand for online shopping is expected to help the apparel and leather products market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the apparel and leather products market. In countries such as India, for instance, e-commerce portals have boosted the sales of traditional garments by giving larger exposure to producers who were confined to one geography where the weaving community was located.
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Global Apparel And Leather Products Market Segments
The global apparel and leather products market is segmented:
By Type: Leather and Allied Products, Apparel
By Distribution Channel: Online Sales, Offline Sales
By End-User Sex: Men, Women, Kids
By Geography: The regions covered in the apparel and leather products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Backlight LED Global Market Report 2022provides market size and growth forecasts for the global apparel and leather products market, global apparel and leather products market share, apparel and leather products market segments and geographies, apparel and leather products market competitive landscape including leading competitors’ revenues, profiles and market shares. The apparel and leather products market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Apparel And Leather Products Industry Players include Nike Inc., Christian Dior SE, Adidas AG, Kering SA, VF Corp, Hanesbrands Inc., Puma SE, Tapestry Inc, Skechers U.S.A. Inc. and Levi Strauss & Co. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
