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Apparel Market to reach USD 1091.75 Bn at a CAGR of 7.5 percent by 2030- Says Maximize Market Research

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Apparel Market to reach USD 1091.75 Bn at a CAGR of 7.5 percent by 2030- Says Maximize Market Research

May 17
17:06 2024
Apparel Market to reach USD 1091.75 Bn at a CAGR of 7.5 percent by 2030- Says Maximize Market Research
Apparel Market
The Apparel Market is witnessing substantial growth driven by the personalisation, price reduction, and consumer preference. The Apparel Market is segmented into By Type, By Types of Fiber, By End User, By Distribution Channel

Maximize Market Research, a leading Consumer Goods & Services business consultancy and research firm has published a report on the “Apparel Market”. The total market opportunity for Apparel Market was USD 658.06 Bn in 2023 and is expected to grow at a CAGR of 7.5 percent through the forecast period, reaching USD 1091.75 Bn by 2030. As per the report, the global Apparel Market is expected to be dominated by the Asia Pacific  to grow at a significant growth rate through the forecast period.

Apparel Market  Report Scope and Research Methodology

Market Size in 2023: USD 658.06 Billion

Market Size in 2030: USD 1091.75 Billion

CAGR: 7.5 Percent

Forecast Period: 2024-2030

Base Year: 2023

Number of Pages: 228

No. of Tables: 134

No. of Charts and Figures: 188

Segment Covered: By Type, By Type of Fibre, By End Users, and By Distribution Channel

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Instant access is available by downloading your exclusive sample copy of the report right now! 

Apparel Market  Scope and Research Methodology

The report has covered several aspects that include the Apparel Market analysis which thoroughly analyses the market structure and competitive landscape using a bottom-up approach to calculate the industry’s size and growth. Key findings include drivers of market growth at regional and global levels, barriers to future growth, and potential opportunities arising from technological advancements. Regional analysis is conducted to provide insights into market leaders, penetration, and demographic influences on the industry. The market is segmented into components and industries, allowing for a deeper understanding of target markets, producers, and the development of tailored advertising campaigns. A competitive matrix is created to analyze the competition in the Apparel Market, including both market leaders and new entrants. The report provides a summary of each company with key points on revenue, financial status, technology progress, recent changes, mergers, partnerships, collaborations, and marketing strategies.

Apparel Market Overview

The Apparel market encompasses creation, distribution, and retailing of clothing and accessories . The market has evolved with the rise of e-commerce where purchasing can be done with a simple click online. Some of the examples which would alter customer behavior include fashion trends and cost plus quality and brand reputation and sustainability and social media The factors contributing to the growth of the clothing industry are several. These encompass the spread of social media, rise in motorcycle sales, expansion of e-commerce, and increased demand for performance and sportswear.

Apparel Market  Dynamics

The rise of e-commerce is propelling significant growth  in the clothing industry, particularly noticeable in nations like India, where conventional apparel sales have soared because of online platforms. Producers that were once limited to specific regions with a weaving community  now reaching  consumers worldwide through these channels. The growth is evident , where manufacturers  advertise their products beyond local boundaries and sell them to people who are interested even if they are not geographically close.All these factors together are fueling the growth of Apparel Market

Apparel Market  Regional Insights

Asia Pacific  dominated the Apparel Market and is expected to grow with an increasing CAGR through the forecast period. The Asia-Pacific region also has a large consumer base with different preferences. According to the MMR report, increasing disposable income, urbanization and changing lifestyles will enable the demand for ready-made clothing and fashion products to increase by 28% in China and India by 2023. The Asia-Pacific region is also known for its rich textile heritage, excellent craftsmanship and production quality. cultural influences, all helping the region create original and unique fashion trends. The region’s leading position in setting fashion and influencing the global fashion industry is a result of its diversity and creativity.

Apparel Market Segmentation

By Types:

  • Formal Wear
  • Casual Wear
  • Sportswear
  • Nightwear
  • Other Types


By Types of Fibre:

  • Man-Made Fibers
  • Cotton Fibers
  • Animal-Based Fibers
  • Vegetable Based Fibers

Based on Fibre Type The dominant segment in the types of fiber used in the apparel market is cotton fibers and is expected to continue its dominance during the forecast period. The cotton is highly breathable, which allows for good air circulation and moisture absorption, making it ideal for warm weather and active lifestyles. Its softness and hypoallergenic properties make it comfortable for everyday wear and suitable for sensitive skin. Additionally, cotton fibers are known for their durability and easy care. Cotton garments can withstand frequent washing and wear, retaining their shape and color over time. This durability contributes to their long-term value and consumer satisfaction. Furthermore, cotton’s natural origin aligns with the growing demand for sustainable and eco-friendly fashion. Cotton is biodegradable, renewable, and can be produced using organic farming practices, reducing its environmental impact. This resonates with consumers who prioritize sustainable choices and drives the preference for cotton fibers in apparel production.

By End Users:

  • Men
  • Women
  • Children

By Distribution Channel :

  • Online
  • Offline

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Apparel Market Key Competitors include:

North America

  • Nike (United States)
  • VF Corporation (United States)
  • PVH Corp. (United States)
  • Ralph Lauren Corporation (United States)
  • Gap Inc. (United States)
  • The Estée Lauder Companies Inc. (United States)
  • Coach (Tapestry Inc.) (United States)
  • Under Armour, Inc. (United States)
  • Tommy Hilfiger (PVH Corp.) (United States)
  • Columbia Sportswear Company (United States)


  • Inditex Group (Spain)
  • Adidas (Germany)
  • LVMH (France)
  • Kering (France)
  • Levi Strauss
  • Burberry Group (United Kingdom)
  • Puma SE (Germany)

Asia Pacific

  • Fast Retailing (Japan)
  • TCNS Clothing Company
  • Fashinza
  • Bosideng International Holdings
  • Belle International
  • Gokaldas Exports
  • Guangdong Bobaolon

Middle East & Africa

  • TheGivingMovement

South America

  • Vulcabras Azaleia
  • XX

Key questions answered in the Apparel  Market are:

  • What is size of Global Apparel Market ?
  • What is the current growth rate of the Apparel Market?
  • Who are the key players in the Apparel Market?
  • What are the growth prospects in developing countries for the Apparel Market?
  • Which segment is expected to witness the fastest growth and why in the Apparel Market?
  • What are the factors affecting growth in the Apparel Market?
  • Who held the largest market share in the Apparel Market?
  • What are the opportunities for the Apparel Market?
  • What are the strategies used by competitors in the Apparel Market?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2023)
  • Past Pricing and price curve by region (2018 to 2023)
  • Market Size, Share, Size & Forecast by Different Segments | 2023−2030
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by Component, Deployment Mode, Organization Size and Industry and Region
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Consumer Goods & Services  research firm, has also published the following reports:

Wedding Services Market:The Wedding Services Market size was valued at USD 220.30 billion in 2023 and the total Wedding Services revenue is expected to grow at a CAGR of 12.6 % from 2024 to 2030, reaching nearly USD 505.57 Billion by 2030. Wedding services include everything from expertise and planning duties that guarantee a stress-free, unforgettable, and customised wedding to specialised websites, a comprehensive resource for wedding planning and vendor connections. An optimistic future for the wedding service industry is indicated by the rise in marriages. Big businesses are concentrating on growing their revenue, by providing different packages and offers according to customers, which is leading to a rise in innovation in the market

Curling Irons Market:  The Curling Irons Market size was valued at USD 2.88 Billion in 2023 and the total Curling Irons revenue is expected to grow at a CAGR of 6.8% from 2024 to 2030, reaching nearly USD 4.56 Billion in 2030.The demand for styling equipment is being driven by social media sites such as Instagram, TikTok, and YouTube, which feature beauty influencers who use curling irons to create attainable hairstyles.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical Components and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, Production and demand analysis, and client impact studies.

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