Global Apparel Market Report 2021- Opportunities And Strategies, Market Forecast And Trends
11 Jan, 2021
The apparel market consists of sales of apparel by entities (organizations, sole traders and partnerships) that produce apparel. 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.
Global Apparel Market Size And Drivers:
The global apparel market is expected to grow from $527.8 billion in 2020 to $635.7 billion in 2021 at a compound annual growth rate (CAGR) of 20.%. The market is expected to reach $842.3 billion in 2025 at a CAGR of 7%.
Increasing demand for online shopping is expected to help the apparel manufacturing 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 manufacturing market.
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Trends In The Global Apparel Market
Apparel manufacturing companies are investing in computer-controlled embroidery systems to increase efficiency and reduce operating costs. These are sewing-embroidery machines equipped with a computer-controlled system, specifically engineered for efficient embroidery. This industrial and commercial equipment is capable of creating a design automatically on the fabric from a pre-programmed digital embroidery pattern. These machines are capable of performing functions such as editing and loading designs, creating digitized design file, monitoring the entire embroidery process.
Global Apparel Market Segments:
The global apparel market is further segmented based on type and geography.
By Type: Womens Wear, Mens Wear, Kids Wear
By Distribution Channel: Retail Stores, Online Stores
By Type of Fiber: Man-Made Fibers, Cotton Fibers, Animal Based Fibers, Vegetable Based Fibers
Subsegments Covered: Dresses & Skirts, Womens Trousers, Blouses, Womens Jerseys, Sweatshirts & Pullovers, Womens Coats and Jackets, Womens Suits & Ensembles, Womens Blazers, Night & Underwear (Women & Girls), Womens T shirts & Slarlets, Womens Sports & Swimwear, Other Womens Wear, Mens Trousers, Mens Shirts, Mens Jerseys, Sweatshirts & Pullovers, Mens Coats and Jackets, Mens Blazers, Mens Suits, Night & Underwear( Mens and Boys), Mens T shirts & Slarlets, Mens Sports & Swimwear, Other Mens Wear, Infant And Toddler Clothes, Young Children Clothes
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, the Asia Pacific was the largest region in the global apparel market, accounting for 33% of the total market.
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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.