The Apparel Global Market Report 2023 by The Business Research Company, provides apparel market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
Learn More On The Apparel Market:
https://www.thebusinessresearchcompany.com/report/apparel-global-market-report
According to The Business Research Company’s Apparel Global Market Report 2023, the market size will grow from $610.12 billion in 2022 to $652.94 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of apparel market is expected to grow to $830.69 billion in 2027 at a CAGR of 6.2%.
Increasing demand for online shopping is expected to help the apparel manufacturing market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the apparel manufacturing market.
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The apparel market is segmented:
1) By Type: Womens Wear, Mens Wear, Kids Wear
2) By Distribution Channel: Retail Stores, Online Stores
3) By Type of Fiber: Man-Made Fibers, Cotton Fibers, Animal Based Fibers, Vegetable Based Fibers
Top Major Players:
Nike Inc.
VF Corp
Adidas AG
Hanesbrands Inc
Levi Strauss & Co
Western Europe was the largest region in the apparel market in 2022.
Apparel manufacturing companies are investing in computer-controlled embroidery systems to increase efficiency and reduce operating costs. These are sewing-embroidery machines equipped with a computer-controlled system, specifically engineered for efficient embroidery. This industrial and commercial equipment is capable of creating a design automatically on the fabric, from a pre-programmed digital embroidery pattern. There are single needle machines that require manual intervention for thread changing activity, and multi needle sewing-embroidery machines with multiple sewing heads, that require an input sequence for automatic color change. These machines can produce special fabric effects, chain stitch embroidery, sequins, appliqué, cutwork and many others, automatically with the help of inputs specified in digital format. These machines are capable of performing functions such as editing and loading designs, creating digitized design file, monitoring the entire embroidery process. Major Companies providing computerized embroidery machines for efficient apparel manufacturing are Richpeace, ZojeDayu, Happy, Unix, and Damei.
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The apparel market report table of contents includes:
1. Executive Summary
2. Report Structure
3. Apparel Market Characteristics
4. Apparel Market Product Analysis
5. Apparel Market Supply Chain
………………………………………………………..
21.Financial Performance
22. Key Mergers And Acquisitions In The Apparel Market
23. Market Background: Apparel And Leather Products Market
24. Apparel And Leather Products Market Characteristics
25. Appendix
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