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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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.
The revenue in the apparel market in the United States was forecast to continuously increase between 2025 and 2029 by in total 27.6 billion U.S. dollars (+7.55 percent). After the ninth consecutive increasing year, the revenue is estimated to reach 393.31 billion U.S. dollars and therefore a new peak in 2029. Find more key insights for the revenue in countries and regions like the volume in the apparel market in the United Kingdom and the average volume per capita in the 'Women's Apparel' segment of the apparel market in Hong Kong. The Statista Market Insights cover a broad range of additional markets.
Explore the USA Apparel Market, valued at USD 355 billion including industry trends, market size, growth opportunities, and key players. Explore the latest insights shaping the apparel industry in China.
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According to Future Market Insights (FMI), the USA & Canada secondhand apparel market is estimated to surge at a CAGR of 12.3% during the forecast period 2023 to 2033. The market value is projected to increase from US$ 28,095.0 million in 2023 to US$ 89,624.4 million by 2033.
Attribute | Details |
---|---|
The USA & Canada Secondhand Apparel Market Estimated Size (2022) | ~US$ 24,929 million |
Estimated Market Size (2023) | ~US$ 28,095 million |
Projected Size (2033) | ~US$ 89,624.4 million |
Value-based CAGR (2023 to 2033) | ~12.3% |
Country-wise Insights
Country | USA |
---|---|
Market Share (2023) | 85.5% |
Market Share (2033) | 82.4% |
BPS Analysis | (-) 310 |
Country | Canada |
---|---|
Market Share (2023) | 13.5 |
Market Share (2033) | 16.6% |
BPS Analysis | (+) 310 |
Scope of Report
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | US$ million for Value |
Key Countries Covered |
|
Key Segments Covered |
|
Key Companies Profiled |
|
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
This statistic depicts the size of the global apparel market in 2017, by region. In 2017, the size of the apparel market in China was approximately 277.2 billion U.S. dollars. 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 apparel market in the United States is the largest single country market. In 2017, retail sales at clothing and accessories stores in the United States totaled approximately 259 billion U.S. dollars; down from 260 billion U.S. dollars in 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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The United States apparel market reached a value of nearly USD 353.20 Billion in 2024. It is projected to grow at a CAGR of 2.40% during the forecast period of 2025-2034 to attain nearly USD 447.73 Billion by 2034.
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.
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According to Cognitive Market Research, the global custom clothing market is USD 50215.20 million in 2024 and will expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.
North America held the major market of more than 40% of the global revenue with a market size of USD 20086.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 15064.56 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 11549.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
Latin America's market will have more than 5% of the global revenue with a market size of USD 2510.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1004.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Screen printing held the highest custom clothing market revenue share in 2024.
Market Dynamics of Custom Clothing Market
Key Drivers of Custom Clothing Market
Growing Demand for Eco-Friendly Practices in Fashion Drives Market Growth
The custom clothing market is experiencing a significant boost due to the growing demand for eco-friendly practices in the fashion industry. Consumers are increasingly conscious of the environmental impact of fast fashion and are seeking more sustainable alternatives. Custom clothing offers a solution by allowing individuals to choose ethically sourced materials, minimize waste through made-to-order production, and support local artisans or manufacturers who prioritize eco-friendly practices.
Moreover, custom clothing enables customers to align their values with their purchases by selecting environmentally friendly materials such as organic cotton, recycled fabrics, or plant-based alternatives. This shift towards sustainability benefits the planet and fosters a deeper connection between consumers and their clothing, leading to increased loyalty and satisfaction within the custom clothing market. As awareness of environmental issues continues to grow, custom clothing stands at the forefront of the fashion industry's evolution towards more sustainable and responsible practices, driving further market growth in the years to come.
Embracing Diversity and Heritage in Fashion Choices to Propel Market Growth
Embracing diversity and heritage in fashion choices has emerged as a significant driver propelling growth in the custom clothing market. Consumers increasingly value cultural authenticity and inclusivity, so there's a rising demand for garments that reflect diverse backgrounds and traditions. This shift has led to the popularity of custom clothing brands celebrating various cultural identities, offering designs inspired by traditional attire and motifs worldwide.
Furthermore, this trend drives sales and fosters a sense of community and empowerment among consumers. By embracing their heritage through fashion, individuals express pride in their roots and heritage, contributing to a more inclusive and culturally rich fashion landscape. Custom clothing brands prioritizing diversity and cultural appreciation are poised to thrive as they resonate with the values and aspirations of today's globalized consumers, driving continued growth in the custom clothing market.
Restraint Factors of Custom Clothing Market
Longer Lead Times Due To Individualized Production Processes Hamper Market Growth
Longer lead times resulting from individualized production processes pose a significant challenge to the growth of the custom clothing market. Unlike mass-produced garments, custom clothing requires meticulous attention to detail and unique specifications for each order, leading to extended production timelines. This delay can deter some consumers who seek instant gratification and quick turnaround times when making fashion purchases, potentially impacting the market's overall expansion.
Moreover, prolonged lead times may also hinder the ability of custom clothing brands to adapt swiftly to changing fashion trends and consumer preferences. In an industry characterized by rapid shifts in style and demand, the inability to respond promptly ca...
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the Report Covers the Cotton Textile Industry in North America. It is Segmented by Application Type (clothing Application, Industrial/technical Application, and Household Application), Material (cotton, Jute, Silk, Synthetics, and Wool), Process (woven and Non-Woven), and Country (United States, Canada, and Mexico). the Market Size and Forecasts for the North American Textile Market are Provided in Terms of Value (USD) for all the Above Segments.
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.
For more insights on the market share of various regions, Request Free Sample
The market experienced significant growth In the Asia Pacific (AP
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Access North America Second Hand Apparel Industry Overview which includes North America country analysis of (United States, Canada, Mexico), market split by Type, Sales Channel, Sector, Target Population
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The global blank apparel market value is estimated to be around US$ 4,319.7 million in 2024, according to the new market analysis report. Between 2024 and 2034, the worldwide sales of blank apparel are anticipated to increase with a growth rate of 4.2% per year. The market analysis report further predicts the net worth of the global blank apparel industry to reach US$ 6,518.3 billion by 2034 end.
Report Attribute | Details |
---|---|
Blank Apparel Market Revenue (2024) | US$ 4,319.7 million |
Market Anticipated Forecast Value (2034) | US$ 6,518.3 million |
Market Projected Growth Rate (2024 to 2034) | 4.2% |
Global Blank Apparel Market Analysis During Historical Period from 2019 to 2023 Compared to Forecast Outlook for 2024 to 2034
Attributes | Details |
---|---|
Blank Apparel Market Size (2019) | US$ 3,547.1 million |
Market Size (2023) | US$ 4,149.6 million |
Market (CAGR 2019 to 2023) | 4% |
Country-wise Insights
Countries | CAGR (2024 to 2034) |
---|---|
United States | 4.1% |
Australia | 4.6% |
China | 4.4% |
India | 4.5% |
Category-wise Insights
Attributes | Details |
---|---|
Top Product Type | Tops and T-shirts |
Market Share in 2024 | 45.1% |
Attributes | Details |
---|---|
Top Sales Channel Type | Online Retailers |
Market Share in 2024 | 37.1% |
Blank Apparel Market Report Scope
Attribute | Details |
---|---|
Estimated Market Size (2024) | US$ 4,319.7 million |
Projected Market Size (2034) | US$ 6,518.3 million |
Anticipated Growth Rate (2024 to 2034) | 4.2% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | US$ million or billion for Value and Units for Volume |
Key Regions Covered | North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Product Type, By End Use, and By Region |
Key Companies Profiled |
|
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
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South America E-Commerce Apparel Market is segmented by Product Type (Formal Wear, Casual Wear, Sportswear, Nightwear, and Other Types); by End User (Men, Women, and Kids/Children); by Platform Type (Third Party Retailer and Company's Own Website); and by Geography (Brazil, Argentina, and Rest of South America). The report offers the market size in value terms in USD for all the abovementioned segments.
Comparing the 15 selected regions regarding the revenue in the apparel market, the United States is leading the ranking (358.7 billion U.S. dollars) and is followed by China with 328.47 billion U.S. dollars. At the other end of the spectrum is Australia with 21.72 billion U.S. dollars, indicating a difference of 336.98 billion U.S. dollars to the United States. Find other insights concerning similar markets and segments, such as a ranking by country regarding per capita sales volume in the women's apparel segment of the apparel market and a ranking of subsegments in Thailand regarding revenue in the Apparel market as a whole. The Statista Market Insights cover a broad range of additional markets.
The revenue of the rental apparel market in the United States in 2021 saw an increase of approximately 370 million dollars from the previous year, reaching about 1.75 billion U.S. dollars. The rental apparel market revenue was forecasted to further increase over the following years, reaching more than 2.8 billion dollars in 2026. This increase in the rented apparel market revenue represents a trend towards non-traditional, sharing economy business models within the apparel industry.
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North America E-Commerce Apparel market is segmented by Product Type (Formal Wear, Casual Wear, Sportswear, Nightwear, and Other Types); by End User (Men, Women, and Kids/Children); by Platform Type (Third Party Retailer and Company's Own Website), and by Region (United States, Canada, Mexico and Rest of North America). The report offers the market size in value terms in USD for all the abovementioned segments.
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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.
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According to Cognitive Market Research, The Global Fast Fashion market size is USD 99.6 billion in 2023 and will grow and expand at a growth rate or compound annual growth rate (CAGR) of 8.2% from 2023 to 2030.
The demand for Fast Fashion is rising due to the higher media innovations, higher quick fashion expenditure, a growing young population, and the expansion of developing countries.
Demand for adult wear remains higher in the Fast Fashion market.
The Women category held the highest Fast Fashion market revenue share in 2023.
North America will continue to lead, whereas the Asia Pacific Fast Fashion market will experience the strongest growth until 2030.
Increased Social Media Adoption to Provide Viable Market Output
Increasing social media usage will likely fuel the fast fashion industry throughout the forecast period. Around the world, social media usage is continuously expanding. Through their social feed, social media outlets link influencers & fashion icons to people, and people learn about fashion trends and other aspects. These individuals then utilize social media to make transactions as well.
By April 2022, ads on any existing platform will be virtually 100% inescapable. While apps were first designed as a social network for connecting with friends, they have since evolved into a more curated, ad-targeted approach. Instagram, for example, rearranged its familiar user experience to replace creator portals with algorithm-based commerce. Similar approaches are possible.
(Source:www.searchenginejournal.com/10-new-social-media-platforms-apps-to-have-on-your-radar/457629/)
Social media is always pushing downloadable stuff to its users. Zara, Urban Outfitters, and SHEIN, among the most popular fashion retailers, replicate new pieces from big fashion designers produced inexpensively for the public, manufacturing whole new stock for their stores virtually every week. Growth in social media and new integrated product offers will favorably impact the quick fashion sector.
Technological Advancements in VR And AR to Propel Market Growth
Fashion garment manufacturers are investing in Virtual Reality (VR) and Augmented Reality (AR) technologies to merge the real and online selling worlds.
For example, in June 2019, the US retail giant Amazon released a virtual fitting room app, allowing customers to try on garments before purchasing them. In addition, online fashion store ASOS developed a 'Virtual Catwalk,' a video service that allows customers to see apparel products on moving models using augmented reality.
(Source:press.aboutamazon.com/2022/6/amazon-fashion-introduces-a-more-convenient-way-to-shop-with-virtual-try-on-for-shoes)
Customers may virtually test on clothes thanks to a customized measuring feature that uses AR technology. This makes online purchasing more engaging, dynamic, and enjoyable. It also assists in attracting more traditional customers to online shopping sites. Buyers may view the product themselves before purchasing it using these technologies.
Market Dynamics of Fast Fashion
Inadequate Compensation To Workers Hinders Market Growth
Employees in the fashion industry, especially women (who constitute about 80% of all garment workers worldwide), are underpaid. Women are also susceptible to workplace harassment. In addition, female garment workers in Asia's main fast fashion firms face abuse and harassment, including poor working conditions, inadequate compensation, and overtime, all leading to inefficiency. As a result, most individuals will not want to work in the fashion industry. As a result, inadequate compensation and working conditions impede the expansion of the Fast Fashion Market.
Impacted By Impact of COVID-19 on the Fast Fashion Market
Growth in the historical era was driven by increased foreign direct investments, growth in developing markets, expansion in media development, technological advancements, and urbanization. The influence of COVID-19, counterfeit products, reductions in free trade, severe competition, and increased inventory levels had a detrimental impact on growth throughout the historical era. Introduction of Fast Fashion
Higher media innovations, higher quick fashion expenditure, a growing young population, and the expansion of developing countries are expected to drive growth in the Global quick Fashion Market. The expanding young population'...
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
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.