the Global Apparel Market Report is Segmented by End-User (men, Women, and Children), Type (formal Wear, Casual Wear, Sportswear, Night Wear, and Other Types), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). the Report Offers the Market Sizes and Forecasts in Terms of Value (USD) for all the Above Segments.

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Apparel Market Size 2025-2029

The apparel market size is forecast to increase by USD 707.4 billion at a CAGR of 7.1% between 2024 and 2029.

The market is experiencing significant growth, driven by various trends and challenges. Sustainability and ethical practices are increasingly important to consumers, leading to a magnetization towards labels that prioritize these factors. The e-commerce sector's expansion is another key growth factor, enabling easy access to a wide range of textiles, from cotton to silk, wool, and more. Fast fashion continues to dominate the scene, with consumers seeking affordable and trendy options. Meanwhile, the luxury apparel segment, including LED lighting technology in clothing, athletic apparel, and textiles like yarn, are gaining traction In the market. Additionally, the spa and wellness industry's influence on apparel is growing, with consumers seeking comfortable and stylish clothing for relaxation and self-care.
Swimwear and sneakers remain popular categories, catering to the active lifestyle trend. Overall, the market's future looks promising, with continued innovation and consumer demand driving growth.

What will be the Size of the Apparel Market During the Forecast Period?

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The market encompasses a vast array of products, including traditional garments and luxury wear, catering to adults and children. This market is characterized by its dynamic nature, driven by advancements in textile technology and the increasing popularity of online shopping and e-commerce portals. Fiber-based materials, such as yarns and fabrics derived from knitting, weaving, and stitching, form the foundation of the apparel industry. The market's size is substantial, with demand for various apparel items, including shirts, pants, coats, skirts, suits, heels, sneakers, and boots, fueling its growth. Luxury brands continue to hold a significant presence, offering high-end apparel and footwear items that cater to discerning consumers.
The apparel industry's future direction lies In the integration of technology, sustainability, and innovation, ensuring a continuous evolution of this essential and ever-changing market.

How is this Apparel Industry segmented and which is the largest segment?

The apparel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Women
  Men
  Children


Distribution Channel

  Offline
  Online


Type

  Mass
  Premium
  Luxury


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  Middle East and Africa



  South America

By End-user Insights

The women segment is estimated to witness significant growth during the forecast period.

The market experienced significant growth, with the women's segment holding the largest share in 2024. Driven by factors such as evolving fashion trends, increasing purchasing power, and changing lifestyles, women continue to be the primary consumers of apparel. Fashion consciousness among women is at an all-time high, leading to a continuous demand for new clothing items, accessories, and footwear. Innovative designs catering to specialized needs, such as adaptive clothing for individuals with disabilities or mobility challenges, are gaining popularity. Brands like Silverts offer stylish and functional solutions, such as pants with easy-pull-up dressing grips and jackets with concealed magnet closures.

Online shopping through e-commerce portals and mobile devices has become increasingly popular among the millennial generation, contributing to the market's growth. Sustainable approaches, including the use of recycled materials, textile-based fibers like cotton and silk, and eco-friendly dyeing methods, are also gaining traction In the apparel industry. Luxury brands and high-end fashion continue to influence trends, with a focus on long-lasting clothing and unique concepts. However, concerns regarding the harmful impacts of fast fashion on the environment and the use of unethical practices, toxic chemicals, and animal cruelty persist.

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The Women segment was valued at USD 686.90 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 44% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market experienced significant growth In the Asia Pacific (AP

The Report Covers Global Sports Apparel Market Size & Industry Trends and It is Segmented by Sport (Golf, Soccer, Basketball, Baseball, and Other Sports), by End User (Men, Women, and Children), by Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Warehouse Clubs, Online Retail Stores, and Other Distribution Channels), and by Geography (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa). The Report Offers the Market Sizes and Forecasts in Terms of Value (USD) for all the Above Segments.

Explore the Apparel Market trends! Covers key players, growth rate 7.2% CAGR, market size $1012.31 Billion, and forecasts to 2034. Get insights now!

Apparel Market size was valued at around USD 1.34 trillion in 2023 & is projected to reach around USD 1.78 trillion by 2030. with a CAGR of around 4.3%.

The Luxury Apparel Market is Segmented by Type (Upperwear, Lowerwear, and Innerwear); by End User (Men, Women, and Children); by Distribution Channel (Offline Channel and Online Channel); and by Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Report Offers Market Size and Values in (USD Million) During the Forecasted Years for the Above Segments.

The report covers Running Clothing Market Share & Brands and is Segmented by Product Type (Clothing, Footwear, and Other Product Types), End-User (Men, Women, and Kids), Distribution Channel (Offline Retail Channels and Online Retail Channels), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers the market size in value terms in USD for all the abovementioned segments.

The gym apparel market share is estimated to expand at a CAGR of 6.2% over the assessment period. In 2024, the market is expected to generate a revenue worth US$ 239.98 billion. By 2034 end, the market size is forecast to expand to US$ 438.47 billion.

Attributes	Key Insights
Estimated Gym Apparel Market Size (2024E)	US$ 239.98 billion
Projected Gym Apparel Market Valuation (2034F)	US$ 438.47 billion
Value-based CAGR (2024 to 2034)	6.2%

Category-wise Gym Apparel Market Insights

Leading Material Type	Nylon
Value Share (2024)	34.30%

Leading Sales Channel	Direct Sales
Value Share (2024)	31.80%

Strategic Analysis of Global Gym Apparel Market by Country

Countries	Forecast CAGR (2024 to 2034)
Canada	5.90%
France	5.60%
India	11.70%
China	9.70%
Australia	8.90%

This statistic depicts apparel market size projections from 2012 to 2025, by region. The United States' apparel market is expected to grow from 350 billion U.S. dollars in 2015 to 385 billion U.S. dollars in 2025; a CAGR of two percent.Apparel IndustryDespite the current global economic downturn, the global apparel industry continues to grow at a healthy rate and this, coupled with the absence of switching costs for consumers and great product differentiation, means that rivalry within the industry is no more than moderate. The apparel industry is of great importance to the economy in terms of trade, employment, investment and revenue all over the world. This particular industry has short product life cycles, vast product differentiation and is characterized by great pace of demand change coupled with rather long and inflexible supply processes.Even well-established brands have to work hard to maintain their share of the market. Consumers are demanding more versatile wear with wider functionality, which means retailers continue producing new styles of apparel for men and women.Apparel remains largely a discretionary purchase compared to other consumer goods, making it more prone to economic shocks. The global apparel market has been shaped by three contrasting regional movements - robust growth in emerging markets, fragile recovery in the United States, and a sharp slowdown in Western Europe. During 2015, retail sales at clothing and accessories stores in the United States totaled approximately 256 billion U.S. dollars; up from 250.41 billion U.S. dollars the previous year. Apparel retailing has always been a tough, highly competitive business, and many chains rise dramatically and then fail as price pressure from major discounters like Wal-Mart, Target and Kohl's keep profit margins thin at stores that sell moderately priced apparel.The global apparel market is always changing, attempting to adapt to customer trends and new technology that will allow the consumers shopping experience to be more enjoyable and ergonomic.

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Golf Apparel Market Size 2025-2029

The golf apparel market size is forecast to increase by USD 1.98 billion, at a CAGR of 6.8% between 2024 and 2029.

The market is experiencing significant growth due to several key trends. One notable factor is the adoption of better promotional strategies and a strong social media presence by brands to engage with consumers. Integrated mobile solutions, such as mobile applications and wearable technology, are also driving market growth. Additionally, the elite nature of the game continues to attract consumers willing to invest in high-quality golf apparel. These trends are shaping the future of the market, offering opportunities for companies to innovate and expand their offerings.

What will be the Size of the Golf Apparel Market During the Forecast Period?

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The market encompasses a wide range of clothing items specifically designed for golfers, including polo shirts, trousers, shorts, skirts, dresses, outerwear, hats, visors, gloves, golf shoes, sweaters, jackets, and more. Market dynamics are influenced by various factors, including economic growth, employment rates, and disposable income levels In the middle-income bracket. Fashion trends and style preferences play a significant role In the market, with golfers seeking functional and stylish attire for their sport.
Demographic factors, such as age and gender, also impact market demand, with different age groups and genders having distinct preferences. Golf courses and club memberships serve as key distribution channels for golf apparel, providing convenient access to golfers looking to purchase new clothing items for their game. Overall, the market is expected to experience steady growth In the coming years, driven by the increasing popularity of golf as a recreational activity and the ongoing desire for functional and fashionable clothing options for golfers.

How is this Golf Apparel Industry segmented and which is the largest segment?

The golf apparel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Men
  Women
  Children


Distribution Channel

  Offline
  Online


Type

  Top wear
  Bottom wear
  Accessories


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France


  APAC

    China
    Japan


  South America

    Brazil


  Middle East and Africa

By End-user Insights

The men segment is estimated to witness significant growth during the forecast period.

The market is driven by the increasing popularity of golf as a lifestyle choice and the shift towards more comfortable and technologically advanced clothing. In 2024, the men's segment held the largest market share due to the historical dominance of male golfers. Key product categories, such as T-shirts, trousers, and shorts, continue to grow, with T-shirts, including polos, witnessing significant year-on-year growth. Fleece and sweaters are also gaining popularity due to their comfort and style. The demand for traditional formal golf apparel, such as shirts, has decreased as golfers seek more comfortable options. The elderly demographic represents a significant market as golf is considered a sport that offers precision and relaxation with less physical exertion.

Fashion trends, style preferences, and apparel technology, including moisture-wicking materials, stretchability, and breathability, are major factors influencing market growth. Major tournaments, such as the Masters and international tournaments, contribute to the market's growth as golfers seek to perform at their peak. Environmental sustainability and golf tourism are also driving factors, with climate-specific apparel gaining traction. The market is expected to continue growing due to the increasing middle-income population, the expansion of golf courses and club memberships, and the influence of other sports, such as tennis, softball, and kickball. Technological advancements, including nanotechnology, microfibers, and smart textiles, are also expected to impact the market positively.

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The men segment was valued at USD 2.43 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 42% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market is a significant sector, with over half of the world's golf course suppliers based In

Apparel Market size was valued at USD 2.04 Trillion in 2023 and is projected to reach USD 3.84 Trillion by 2031, growing at a CAGR of 8.2% from 2024 to 2031.

Apparel Market Dynamics

The key market dynamics that are shaping the Apparel Market include:

Key Market Drivers

E-commerce and Digitalization: The proliferation of Internet shopping platforms has made it easier than ever for customers to buy apparel. The ability to browse and buy from anywhere, along with tailored marketing methods and the advent of social media influencers, has considerably accelerated the market’s expansion.

Fast Fashion: The demand for the most recent fashion trends at reasonable rates continues to drive the apparel industry. Fast fashion stores, with their short turnaround from design to shelf and ability to offer a diverse selection of designs, appeal to consumers’ desire for variety and novelty, resulting in increased sales volume.

Athleisure and Comfort Wear: The athleisure trend has grown as a result of the distinctions between casual, work, and sportswear becoming hazier. The increased emphasis on health, fitness, and comfort, particularly in the aftermath of the pandemic, has led customers to gravitate toward adaptable, useful, and comfortable apparel, growing this market segment.

Key Challenges:

Supply Chain Disruptions: Geopolitical tensions, trade disputes, and unanticipated events such as pandemics have all produced global supply chain disruptions, posing considerable hurdles to the Apparel Market. These disruptions cause delays, increased expenses, and challenges in maintaining inventory levels, reducing the market’s overall efficiency and profitability.

Rising Costs of Production: Increasing raw material and labor costs, as well as compliance with environmental and social requirements, all have a substantial impact on apparel companies’ profits. These rising costs, along with consumer desire for low pricing, create a difficult situation for sustaining quality while remaining cost-competitive.

Shifts in Consumer Behavior: The Apparel Market faces difficulty as consumer tastes vary rapidly due to trends, sustainability concerns, and economic issues. Staying ahead of these transitions necessitates agility and innovation in design, marketing, and business models, which is costly and hazardous for businesses, affecting market growth.

Key Trends:

Sustainability and Circular Fashion: The transition to sustainable practices is becoming more obvious, with firms focusing on circular fashion models—designing items with end-of-life considerations, employing recyclable materials, and providing recycling systems. This reflects increasing consumer demand for ecologically friendly products.

Inclusive and Diverse Sizing: The apparel industry is progressively embracing inclusivity, providing a wider selection of sizes and styles to accommodate different body shapes. This trend is motivated by an awareness of the value of body acceptance and a desire to offer a larger customer base.

Direct-to-Consumer (DTC) Channels: Many brands are focusing on or increasing their direct-to-consumer channels, bypassing traditional retail intermediaries. This enables stronger consumer relationships, more control over brand messaging, and higher margins. The growth of e-commerce and social media platforms has assisted the DTC trend.

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Pickleball Clothing And Apparel Market Size 2024-2028

The pickleball clothing and apparel market size is forecast to increase by USD 560.7 million at a CAGR of 10.03% between 2023 and 2028.

The market is experiencing significant growth due to several key trends. One major factor driving market growth is the increasing health consciousness among consumers, as pickleball is recognized as a low-impact sport that offers numerous health benefits. Another trend is the widespread use of digital and social media marketing to promote pickleball and related apparel. However, inconsistent raw material prices pose a challenge to market growth. Producers must navigate these price fluctuations to maintain profitability and meet consumer demand for affordable, high-quality pickleball clothing and apparel. Overall, the market is expected to continue expanding as the popularity of pickleball increases and consumers seek functional, stylish clothing and apparel to enhance their playing experience.

What will be the Size of the Pickleball Clothing And Apparel Market During the Forecast Period?

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The market caters to the growing demand for functional and stylish attire for players of the paddle sport. As pickleball gains popularity, with over 30 million players worldwide, the market for appropriate clothing and apparel is expanding. Similar to tennis, badminton, and table tennis, pickleball apparel prioritizes performance and comfort, featuring moisture-wicking technology, UV protection, and anti-odor technology. Fabric technology also plays a crucial role, with stretchable materials and ergonomic designs ensuring ease of movement. Fashion trends and sustainability are increasingly important, leading to eco-friendly initiatives and the use of eco-friendly materials.
Pickleball skorts, moisture-wicking shirts, and UV protective hats are popular choices. The market also caters to women participants with a range of fashionable and functional options. The health benefits of pickleball, including improved cardiovascular health and increased agility, further fuel the demand for performance-enhancing clothing and apparel. Pickleball tournaments and events provide opportunities for brands to showcase their offerings and engage with players.

How is this Pickleball Clothing And Apparel Industry segmented and which is the largest segment?

The pickleball clothing and apparel industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Shoes
  Clothing
  Others


Geography

  North America

    Canada
    US


  Europe

    UK
    Spain


  APAC

    China


  South America



  Middle East and Africa

By Type Insights

The shoes segment is estimated to witness significant growth during the forecast period.

The market is witnessing significant growth due to the increasing popularity of this paddle sport. Pickleball combines elements of tennis, badminton, and table tennis, and the demand for sport-specific apparel is escalating as more tournaments are being organized worldwide. Consumers seek technologically advanced garments offering features such as UV protection, anti-odor technology, moisture-wicking technology, and SPF protection. Companies are responding by introducing innovative fabrics, ergonomic designs, and eco-friendly initiatives. Sustainability is a growing concern, leading to the use of thermoregulating materials and eco-friendly fabrics.

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The shoes segment was valued at USD 427.90 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 73% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in North America experienced notable growth in 2023, holding the largest market share globally. The US and Canada are primary contributors to this expansion due to the escalating popularity of pickleball as a sport. Major pickleball leagues In these countries, such as the US Open championship, organized by the Minto Group, have significantly influenced the market's growth. Pickleball players require specialized clothing and gear, including moisture-wicking tops, stretchable shorts, skorts, and compression sleeves, for optimal performance and comfort. Additionally, eco-friendly initiatives, such as the use of sustainable materials and thermoregulating fabrics, have become increasingly important In the industry

The size of the Apparel Market was valued at USD 1.36 Million in 2023 and is projected to reach USD 1.87 Million by 2032, with an expected CAGR of 4.63% during the forecast period. Apparel refers to clothing, especially outer garments, that people wear. It encompasses a wide range of items, including shirts, pants, dresses, jackets, and accessories like hats and scarves. The term can also extend to specialized clothing for specific activities, such as sportswear, formal wear, and work uniforms. The primary function of apparel is to provide protection and comfort to the wearer. It shields the body from environmental elements like heat, cold, and rain, and can also offer protection in hazardous work environments. Beyond functionality, apparel plays a significant role in personal expression and cultural identity. The styles, colors, and designs chosen by individuals often reflect their personality, social status, and cultural background. Recent developments include: September 2023: H&M India revealed its expansion plans in Hyderabad by inaugurating its third store in the city. The company currently boasts 55 stores spread across 28 cities in the country., August 2023: Reliance Retail introduced its youth-oriented fashion brand 'Yousta' with the opening of its inaugural store in Hyderabad's Sarath City Mall. The 'Yousta' range is also available on e-commerce platforms such as Ajio and JioMart., May 2023: German sportswear giant Adidas, in partnership with designer Rich Mnisi, unveiled a special apparel collection for Pride 2023. The Adidas x Rich Mnisi range encompasses signature silhouettes in Adidas Originals, football, cycling, sportswear, and swimwear. Additionally, the collection features garments crafted partly from recycled materials and in collaboration with Better Cotton.. Key drivers for this market are: Digital Marketing and Innovative Designs Driving the Market, Growing Demand for Apparel Personalization and Customization. Potential restraints include: Competition from Local Brands with Affordable Pricing. Notable trends are: E-Commerce Driving the Apparel Business.

The size of the Middle East and Africa E-Commerce Apparel Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 8.72% during the forecast period. E-commerce apparel refers to the buying and selling of clothing and fashion accessories through online platforms. This sector has rapidly evolved, offering consumers a vast array of options ranging from everyday wear to high-end fashion, all accessible via websites and mobile apps. E-commerce apparel allows shoppers to browse, compare, and purchase items from the comfort of their homes, often benefiting from features like detailed product descriptions, customer reviews, and virtual try-ons. The convenience of online shopping, coupled with the ability to access a global market, has transformed the apparel industry. Retailers, from established brands to new startups, leverage digital platforms to reach a wider audience and streamline the shopping experience. Advanced technologies, such as AI-driven recommendations and augmented reality fitting rooms, enhance personalization and customer satisfaction. Additionally, e-commerce apparel often includes various services like free shipping, easy returns, and exclusive online discounts, further attracting consumers.However, the e-commerce apparel market also faces challenges such as managing inventory, ensuring quality control, and addressing environmental concerns related to packaging and returns. Despite these hurdles, the continued growth of online shopping underscores the dynamic nature of the fashion industry and its increasing reliance on digital solutions to meet consumer demands. Recent developments include: March 2023: H&M announced the launch of its Limited Edition 2023 collection for Ramadan. The products were launched in three unique capsules. The H&M Limited Edition 2023 collection prices ranged from DHS 139 in different sizes XS-XL. The first 'Ramadan Ready capsule went on sale online and in a few select stores on March 2, 2023. The second one went on sale on March 16 of that same year, and the last one went on sale on April 6 of that same year., February 2023: H&M South Africa announced their plans to expand their online presence across South Africa in partnership with e-commerce retailer Superbalist. The partnership was intended to allow customers across the region to have access to H&M fashion products for women, men, teens, and kids., March 2022: H&M announced the launch of its new collection, 'H&M Ramadan & Eid Statements 2022 collection'. The new apparel collection was launched in a few selected stores and a few e-commerce platforms, including 'qa.hm.com' and the H&M App.. Key drivers for this market are: Rising Internet Penetration and Increased Social Media Usage Boosting the Market, Seasonal Demand Surge & Discounts in Online Stores Driving the Market. Potential restraints include: Availability of Counterfeit Products Restricting the Market Growth. Notable trends are: Rising Internet Penetration & Increased Social Media Usage Boosting the Market.

The secondhand apparel market is estimated to be valued at US$ 43.49 billion in 2024 and reach US$ 125.18 billion by 2034. It is expected to rise at a CAGR of 11.1% from 2024 to 2034. The demand for secondhand clothing is mostly driven by their higher quality and cost effectiveness.

Attributes	Details
Secondhand Apparel Market Value for 2024	US$ 43.49 billion
Projected Market Value for 2034	US$ 125.18 billion
CAGR (2024 to 2034)	11.1%

Historical Performance and Future Growth of the Secondhand Apparel Market

Historical CAGR	8.9%

Category-wise Insights

Attributes	Details
Top Product Type	Dresses and Tops
Market share in 2024	33.0%

Attributes	Details
Top Target Population	Women
Market share in 2024	49.4%

Country-wise Insights

Countries	CAGR (2024 to 2034)
United States	2.6%
United Kingdom	9.3%
China	4.8%
Japan	7.6%
India	14.0%

The global outdoor sports apparel market size reached USD 15.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 29.7 Billion by 2033, exhibiting a growth rate (CAGR) of 7.11% during 2025-2033. The emerging technological advancement in fabrics, the significant expansion of e-commerce, and the online shopping sector, and the growing popularity of outdoor sports apparel among celebrities and social media influencers are some of the major factors propelling the market.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 15.9 Billion
Market Forecast in 2033	USD 29.7 Billion
Market Growth Rate 2025-2033	7.11%

IMARC Group provides an analysis of the key trends in each segment of the global outdoor sports apparel market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on product type, mode of sale and end user.

The Logistics in Fashion/Apparel Industry is segmented by Service (Transportation, Warehousing, Inventory Management, and Other Value-added Services) and Geography.

The Report Covers Global Textile Market Trends & Statistics and it is Segmented by Application Type (Clothing Application, Industrial/Technical Application, and Household Application), By Material (Cotton, Jute, Silk, Synthetics, and Wool), By Process (Woven and Non-woven), and By Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The report offers market size and forecasts for the textile industry in Value (USD billion) for all the above segments.

The Italy apparel market size reached US$ 64.48 Billion in ​2023​. Looking forward, IMARC Group expects the market to reach US$ 100.89 Billion by ​2032​, exhibiting a growth rate (CAGR) of 4.60% during ​2024-2032​. Technological advancements, sustainability initiatives, inflating consumer per capita income, surging celebrity endorsements, e-commerce expansion, demographic shifts, cultural influences, and rapid digitalization are some of the factors creating a positive outlook for the market.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 64.48 Billion
Market Forecast in 2032	US$ 100.89 Billion
Market Growth Rate (2024-2032)	4.60%

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on type, distribution channel, and end user.

It was estimated in 2017, that the apparel market grew by approximately 5.46 percent compared to the previous year. Further growth was forecast for the following years, with a peak growth rate of around 6.2 percent expected in 2020. The United States and China have the largest apparel markets in the world in terms of revenue.

Apparel & footwear market

H&M is one of the largest and most recognizable apparel brands worldwide. In 2017, H&M held the third largest market share within the global apparel and footwear market, with a share of 1.4 percent. The apparel and footwear market is quite a fragmented market due to its highly competitive and saturated nature, meaning that no one company holds a large portion of the whole market. The global apparel and footwear market had retail sales of around 1.7 trillion U.S. dollars in 2017.

Leading apparel companies
Adidas was the third most valuable apparel brand in the world, valued at approximately 17 billion U.S. dollars in 2019. Nike, ZARA, and H&M are some of the other most valuable apparel brands worldwide. When it comes to retail sales, the picture is slightly different as many of the biggest apparel brands design and manufacture clothing as opposed to focusing on the retail side of the industry. TJX Companies, Inditex, and H&M were the leading apparel retailers in the world in 2017. Inditex, whose brands include ZARA and Bershka, had sales of around 28.9 billion U.S. dollars that year.