The Apparel by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/apparel-global-market-report
According to The Business Research Company’s Apparel, The apparel market size has grown strongly in recent years. It will grow from $655.7 billion in 2023 to $703.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rise in foreign direct investments, increased demand for man-made fibers, and technological development.
The apparel market size is expected to see strong growth in the next few years. It will grow to $918.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing penetration of social media, rise in motorcycle sales, growth of e-commerce and growing demand for sportswear and performance wear. Major trends in the forecast period include using blockchain technology for a reliable supply chain and, intellectual property protection, consider using artificial intelligence to predict themes in trending patterns, colors, styles, focus on recycling and upcycling in order to reduce wastage, leveraging the internet of things (iot) in order to provide customers with more innovative products and integrating virtual reality (vr) and augmented reality (ar) technology into their stores and online platforms in order to make the shopping experience more interactive.
The 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. In countries such as India, for instance, e-commerce portals have boosted the sales of traditional garments by giving larger exposure to producers who were confined to one geography where the weaving community was located.
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The apparel market covered in this report is segmented –
1) By Type: Women’s Wear, Mens Wear, Kids Wear
2) By Fiber: Man-Made Fibers, Cotton Fibers, Animal Based Fibers, Vegetable Based Fibers
3) By Distribution Channel: Offline Sales, Online Sales
Subsegments Covered: Dresses & Skirts, Womens Trousers, Blouses, Womens Jerseys, Sweatshirts & Pullovers, Womens Coats and Jackets, Womens Suits & Ensembles, Womens Blazers, Night & Underwear (Women & Girls), Womens T shirts & Slarlets, Womens Sports & Swimwear, Other Womens Wear, Mens Trousers, Mens Shirts, Mens Jerseys, Sweatshirts & Pullovers, Mens Coats and Jackets, Mens Blazers, Mens Suits, Night & Underwear( Mens and Boys), Mens T shirts & Slarlets, Mens Sports & Swimwear, Other Mens Wear, Infant And Toddler Clothes, Young Children Clothes
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.
The apparel market report table of contents includes:
1 Executive Summary
2. Apparel Market Characteristics
3.Apparel Market Trends And Strategies
4.Apparel Market analysis
5. Apparel Market Size And Growth
6.Apparel Segmentation
7.Apparel Regional .And Country Analysis
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27.Apparel Competitive Landscape And Company Profiles
28.Apparel Key Mergers And Acquisitions
29.Apparel Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- NIKE, Inc.
- Adidas AG
- PVH Corp.
- Christian Dior SE
- Hanesbrands Inc.
- VF Corporation
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