Apparel Manufacturing Market Characteristics
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.
Competitive Landscape of the Apparel Manufacturing Market
Major players in the global apparel manufacturing market include Christian Dior SE, H&M AB, VF Corp, NIKE Inc, Adidas AG.
Apparel Manufacturing Market Size
The apparel manufacturing market size is expected to reach above $1 trillion by 2022, significantly growing at a steady CAGR during the forecast period. The growth in the apparel manufacturing market is due to emerging markets growth, rise in disposable income, technology development.
However, the market for apparel manufacturing is expected to face certain restraints from several factors such as lack of available resources, workforce issues and increasing inventory levels.
Apparel Manufacturing Market Segmentation
The global apparel manufacturing market is further segmented based on type and geography.
By Type - The apparel manufacturing market is segmented into women's wear, men's wear, kids wear, among these segments, the leather footwear market accounts for the largest share in the global apparel manufacturing market
By Geography - The global apparel manufacturing is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific apparel manufacturing market accounts the largest share in the global apparel manufacturing market.
Trends in the Apparel Manufacturing Market
Material science and nanotech advances driving smart fabrics use of robotics and automation in apparel manufacturing, apparel manufacturers opting for sustainable materials are the major trends witnessed in the global apparel manufacturing market.
Potential Opportunities in the Apparel Manufacturing Market
With increase in positive economic outlook, growth of e-commerce, government regulations, the scope and potential for the global apparel manufacturing market is expected to significantly rise in the forecast period.