Global Apparel Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
3 Mar, 2021
The apparel market consists of sales of apparel by entities (organizations, sole traders and partnerships) that manufacture apparel. Apparel refers to clothing or garments in general. Apparel manufacturers 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.
Global Apparel Market Size And Drivers:
The global apparel market is expected to recover and grow at a CAGR of 9.8% from 2020 and reach $842.7 billion in 2025, and $1.13 trillion in 2030. Increasing penetration of social media is expected to drive the apparel market in the forecast period.
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Trends In The Global Apparel Market:
Apparel manufacturers are using blockchain technology for reliability in the supply chain, tracking, origin tracking, and intellectual property protection. Blockchain is a decentralized, distributed ledger that stores transactions sequentially. It is like a database that is shared across the public or private network, each user on the network has a copy of the shared database that makes it impossible for a malicious user to modify or change the contents of this ledger. This ledger can only append the data and it cannot be modified. Luxury goods conglomerate
Global Apparel Market Segments:
The global apparel market is further segmented based on type, type of fiber, distribution channel and geography.
By Type:Women’s Wear, Men’s Wear, Kids Wear.
By Type Of Fiber:Man-Made Fibers, Cotton Fibers, Animal Based Fibers, Vegetable Based Fibers.
By Distribution Channel:Online Sales, Offline Sales.
By Geography:The global apparel market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, Asia Pacific is the largest region in the global apparel market, accounting to 32.8% of total market.
Read More On The Report For The Global Apparel Market At:https://www.thebusinessresearchcompany.com/report/apparel-market
Apparel Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides apparel market overviews, analyzes and forecasts market size and growth for the global apparel market, apparel market share, apparel market players, apparel market segments and geographies, apparel market’s leading competitors’ revenues, profiles and market shares. The apparel market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.