The clothing/apparel stores global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Clothing/Apparel Stores Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The clothing/apparel stores market size has grown strongly in recent years. It will grow from $870.48 billion in 2023 to $946.6 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to fast fashion phenomenon, consumer demographics, social media influence, e-commerce growth, marketing and advertising, mall culture.
The clothing/apparel stores market size is expected to see strong growth in the next few years. It will grow to $1282.94 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to sustainability practices, health and wellness apparel, economic recovery, rise of athleisure, inclusive sizing, globalization of fashion. Major trends in the forecast period include subscription and rental services, customization and personalization, fast fashion challenges, direct-to-consumer (dtc) brands, innovative retail technologies..
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Scope Of Clothing/Apparel Stores Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Clothing/Apparel Stores Market Overview
Market Drivers –
The increase in demand for textiles and clothing is expected to propel the growth of the clothing/apparel store market going forward. Textiles and clothing refer to any fabric or product, such as a fiber or yarn made by knitting, felting, or weaving, for a specific kind of clothing designed to shield the user against cold, heat, or water. Textiles and clothing are used for the manufacturing of new textiles or other production chains from raw materials such as summer or winter clothes, carpets, household textiles, non-woven textiles, and fabrics, where these products are displayed and sold by the clothing/apparel store to the customers using the online or offline mode of distribution. For instance, in November 2022, the Centre for the Promotion of Imports from developing countries (CBI), a Netherland-based federal agency for foreign affairs, the value of Europe’s garment import industry increased to €144.5 billion ($157.70 billion) in 2021 that equals to increase of 13.1%. Therefore, the increase in demand for textiles and clothing is driving the growth of the clothing/apparel store market.
Market Trends –
Product innovations is the key trend gaining popularity in the clothing/apparel store market. Major companies operating in the clothing/apparel store market are introducing innovative stores to strengthen their position in the market. For instance, in July 2021, ZARA International, a Spain-based clothing retailer, introduced an innovative Store Mode feature that helps link its physical locations and digital platforms through its e-commerce and in-app offerings. Zara’s Store Mode reduces crowding in stores and needless trips by allowing customers to view the available inventory of goods from the closest store, which may be available for pickup within 30 minutes using wayfinding functionality. Once the item has been located, app users can utilize a QR code to reserve fitting rooms and bypass any waiting lineups. Additionally, the app also generates a special QR code that serves as a receipt and eliminates the need to print paper copies upon checkout.
The clothing/apparel stores market covered in this report is segmented –
1) By Type: Clothing/Apparel Stores, Jewelry And Watch Stores, Optical Goods Stores, Footwear Stores
2) By Type of Store: Exclusive Showroom, Dealer Store
3) By Ownership: Retail Chain, Independent Retailer
4) By End-User: Men, Women, Kids Or Infants
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Regional Insights –
Europe was the largest region in the clothing/apparel stores market in 2023. The regions covered in the clothing/apparel stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the clothing/apparel stores market report are Christian Dior SE, Nike Inc., Adidas Group, LVMH Moët Hennessy Louis Vuitton, Industria de Diseño Textil S.A., Hennes & Mauritz AB, Phillips-Van Heusen Corporation, Fast Retailing Co Ltd, Gap Inc., Zara International, Platoon Stores Limited, Walmart Inc., Uniqlo Co Ltd., Penney OpCo LLC, Inditex, Bath & Body Works Inc., Vanity Fair Mills, Ralph Lauren Corp, Levi Strauss & Co., Under Armour Inc., Vanity Fair Mills, American Eagle Outfitters Inc., Abercrombie & Fitch Co., Columbia Sportswear Co., The Children’s Place Inc., G-III Apparel Group Ltd., Guess Inc., Perry Ellis International Inc., The Buckle Inc., Chico’s FAS Inc., Express Inc., Francesca’s Holdings Corp., J. Crew Group Inc., Lands’ End Inc., Lululemon Athletica Inc., The TJX Companies Inc., Urban Outfitters Inc., Zumiez Inc., Eddie Bauer LLC .
Table of Contents
1. Executive Summary
2. Clothing/Apparel Stores Market Report Structure
3. Clothing/Apparel Stores Market Trends And Strategies
4. Clothing/Apparel Stores Market – Macro Economic Scenario
5. Clothing/Apparel Stores Market Size And Growth
…..
27. Clothing/Apparel Stores Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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