Markntel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global Apparel market. The research report on the Global Apparel Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.
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The report further comprises, “Global Apparel Market Research Report: Forecast (2024-2030)”,
The 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., 2024-30.
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Global Apparel Market Driver:
Growing Popularity of Athleisure and Activewear Globally – The apparel market 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.
Global Apparel Market Analysis Based On Segment, Geography
The Global Apparel market is segmented into significant segments based on:
By Type
-Formal Wear- Market Size & Forecast 2019-2030, USD Million
-Casual Wear- Market Size & Forecast 2019-2030, USD Million
-Sportswear- Market Size & Forecast 2019-2030, USD Million
-Sleepwear- Market Size & Forecast 2019-2030, USD Million
-Others (Party Wear, Swimwear, Ethnic Wear, etc.)- Market Size & Forecast 2019-2030, USD Million
By Fiber Type
-Natural Fibers- Market Size & Forecast 2019-2030, USD Million
-Animal Fibers- Market Size & Forecast 2019-2030, USD Million
-Mineral Fibers- Market Size & Forecast 2019-2030, USD Million
-Plant/Vegetable Fibers- Mineral Fibres- Market Size & Forecast 2019-2030, USD Million
-Man-made Fibers- Market Size & Forecast 2019-2030, USD Million
-Synthetic Fibers- Market Size & Forecast 2019-2030, USD Million
-Artificial/Regenerated Fibers- Market Size & Forecast 2019-2030, USD Million
-Inorganic Fibers- Market Size & Forecast 2019-2030, USD Million
By Distribution Channel
-Online Retail- Market Size & Forecast 2019-2030, USD Million
-Offline Retail- Market Size & Forecast 2019-2030, USD Million
-Fashion Stores- Market Size & Forecast 2019-2030, USD Million
-Shopping Malls- Market Size & Forecast 2019-2030, USD Million
-Local Retail Stores- Market Size & Forecast 2019-2030, USD Million
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/apparel-market.html
Top Companies Essentially Working in Global Apparel Market
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.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Global Apparel adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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