According to Markntel Advisors Report, Apparel Market is expected to grow at a significant growth rate, and the analysis period is 2025-2030, considering the base year as 2024.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Apparel Market Research Report & Summary:
The Global Apparel Market size was valued at around USD 1.34 trillion in 2023 & is projected to reach around USD 1.78 trillion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.3% during the forecast period, i.e., 2025-30.
Time Period Captured in the Report:
- Historical Years: 2020-2023
- Base Years: 2024
- Forecast Years: 2025-2030
Who are the Key Players Operating in the Apparel Market?
The top companies of the Apparel Market ruling the industry are:
PVH Corp., Inditex, Kering SA, LVMH Louis Vuitton Moët Hennessy, Aditya Birla Group, H&M Hennes & Mauritz Retail Pvt. Ltd., Nike Inc., ASICS, Puma, Shein, Reliance Retail, Capri Holdings Limited, Apparel Industries, Toray Industries, Inc., Steve Madden, and others
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What is Included in Apparel Market Segmentation?
The Solar Water Desalination Plant Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Formal Wear- Market Size & Forecast 2020-2030, USD Million
- Casual Wear- Market Size & Forecast 2020-2030, USD Million
- Sportswear- Market Size & Forecast 2020-2030, USD Million
- Sleepwear- Market Size & Forecast 2020-2030, USD Million
- Others (Party Wear, Swimwear, Ethnic Wear, etc.)- Market Size & Forecast 2020-2030, USD Million
- By Fiber Type
- Natural Fibers- Market Size & Forecast 2020-2030, USD Million
- Animal Fibers- Market Size & Forecast 2020-2030, USD Million
- Mineral Fibers- Market Size & Forecast 2020-2030, USD Million
- Plant/Vegetable Fibers- Mineral Fibres- Market Size & Forecast 2020-2030, USD Million
- Man-made Fibers- Market Size & Forecast 2020-2030, USD Million
- Synthetic Fibers- Market Size & Forecast 2020-2030, USD Million
- Artificial/Regenerated Fibers- Market Size & Forecast 2020-2030, USD Million
- Inorganic Fibers- Market Size & Forecast 2020-2030, USD Million
- Natural Fibers- Market Size & Forecast 2020-2030, USD Million
- By Distribution Channel
- Online Retail- Market Size & Forecast 2020-2030, USD Million
- Offline Retail- Market Size & Forecast 2020-2030, USD Million
- Fashion Stores- Market Size & Forecast 2020-2030, USD Million
- Shopping Malls- Market Size & Forecast 2020-2030, USD Million
- Local Retail Stores- Market Size & Forecast 2020-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Explore the Complete Apparel Market Analysis Report – https://www.marknteladvisors.com/research-library/apparel-market.html
Apparel Market Driver:
Growing Popularity of Athleisure and Activewear Globally – The apparel industry is experiencing sizable growth because of the growing global demand for athleisure and activewear. This fashion has been fueled because the purchasers search for an extra comfortable lifestyle that blends athletic wear with ordinary informal garb. Factors driving this shift consist of an additional emphasis on fitness & health and changes in workplace dress codes towards more relaxed attire. Athleisure’s versatility enables individuals to seamlessly transition from workout to social settings without changing outfits, making it attractive throughout various demographics.
The result has been increased demand for top-notch and stylish sports apparel that excels during workouts and fits fashionably outside of athletic contexts. Many people have embraced a more active routine while leaning towards easygoing clothing options. Consequently, there is a growing trend among traditional fashion brands and athletic wear companies like Adidas, Athleta, Asics, and Puma to allocate more resources toward developing fresh materials and creative designs along with marketing tactics to appeal to an expanding customer base. This has subsequently driven the overall growth & expansion of the apparel industry.
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Why Markntel Advisor Report?
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
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