Global Clothing And Apparel Market Report 2020 - Opportunities And Strategies, Market Forecast And Trends
The global market for clothing and apparel reached a value of nearly $758.4 billion in 2018, having grown at a compound annual growth rate (CAGR) of 7.5% since 2014.
The clothing and 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.
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The global clothing and apparel market is further segmented based on type and geography.
By Type: Women’s Wear, Men’s Wear, Kid’s Wear.
By Geography: The global clothing and 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 clothing and apparel market accounts for the largest share in the global clothing and apparel market.
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Trends In The Clothing And Apparel Market
Technological advances in material sciences and nano technology is stimulating the demand for smart fabrics. Smart fabrics have digital components such as sensors embedded in the fabric. The growing awareness of the adverse effects of the textile industry on the environment is encouraging customers to opt for sustainable materials.
Clothing And Apparel Market Global Market Report 2020 is one of a series of new reports from The Business Research Company that provides clothing and apparel market overviews, analyzes and forecasts market size and growth for the global clothing and apparel market , clothing and apparel market share, clothing and apparel market players, clothing and apparel market segments and geographies, clothing and apparel market ’s leading competitors’ revenues, profiles and market shares. The clothing and apparel market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.