https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
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.
https://www.zionmarketresearch.com/privacy-policyhttps://www.zionmarketresearch.com/privacy-policy
The Global Fast Fashion Market Size Was Worth USD 60.50 Billion in 2022 and Is Expected To Reach USD 179.50 Billion by 2030, CAGR of 14.56%.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
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.
https://www.rootsanalysis.com/privacy.htmlhttps://www.rootsanalysis.com/privacy.html
The sustainable fashion market size is projected to grow from USD 8.04 billion in 2024 to USD 58.03 trillion by 2035, representing a strong CAGR of 19.68%.
Online Clothing Rental Market Size 2025-2029
The online clothing rental market size is forecast to increase by USD 1.16 billion at a CAGR of 7.1% between 2024 and 2029.
The growing e-commerce fashion industry is the key driver of the online clothing rental market, as consumers increasingly turn to online platforms and e-commerce retail for convenient, affordable access to apparel.
An upcoming trend is the rising popularity of experiential marketing, where brands create memorable experiences to attract customers and increase engagement. However, a weak inventory management system is a key challenge, as it can lead to stockouts, delays, and poor customer experience, hindering the growth and efficiency of the market.
What will be the Size of the Market During the Forecast Period?
Request Free Sample
How is this market segmented and which is the largest segment?
The market 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
Type
Formal
Casual
Traditional
Business Model
Subscription based
Standalone
Peer to Peer
Geography
North America
Canada
US
Europe
Germany
UK
France
Italy
APAC
China
India
Japan
South Korea
South America
Middle East and Africa
By End-user Insights
The women segment is estimated to witness significant growth during the forecast period. The market is experiencing growth due to the increasing preference for renting occasion wear among women. With a growing awareness of sustainable fashion and reducing clothing waste, the market is projected to expand during the forecast period. Women's segment is expected to dominate the market as they prioritize clothing choices based on various occasions, including formal meetings, parties, weddings, and outdoor activities.
Renting allows them to access high-end formal clothes, luxury footwear, premium jackets, suits, and sports apparel for special events without the need for extensive purchasing. Online clothing rental also addresses the environmental concern of reducing textile waste by promoting the circular economy. This trend is particularly relevant for formal clothes, which are often worn only once or a few times, making rental an economical and eco-friendly alternative.
Get a glance at the share of various segments. Request Free Sample
The women segment was valued at USD 1.69 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 51% 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 in North America is a significant and mature sector, driven by the well-established e-commerce industry and high Internet penetration in the region. With approximately 92% of the US population using the Internet in 2023, the United States is a major player in the global online market. companies in this market are differentiating themselves through various strategies due to the fragmented competition. Key growth factors include the high demand for premium and luxury clothing, the presence of fashion clusters, and the increasing consumer preference for sustainable clothing. The US dominates the market in North America.
Market Dynamics
In the dynamic world of retail, the shift towards online shopping portals has been a game-changer. The online retail industry, encompassing a vast array of product categories, has significantly impacted the fashion sector. Fashion vlogs and social media have fueled the demand for the latest trends, driving consumers to seek out the newest styles from the comfort of their homes. The film industry, too, has contributed to this trend, with actors and actresses frequently showcasing their red-carpet looks on social media. This has led to a growth in demand for luxury designer dresses, bridal wear, and formal clothing items from both consumers and garment manufacturers. Furthermore, fashion brands have responded to this shift by increasing their online presence, offering a wide range of clothing activities, from casual wear to men's wedding outfits, designer dresses, and international designer labels.
Consumers' fashion sense has evolved, with an emphasis on versatility and style, making online shopping a convenient and accessible solution. Fashion trends are no longer limited to specific regions or seasons, with consumers seeking the latest styles from around the world. Online shopping has made it possible for consumers to explore vario
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
The size of the Luxury Fashion Market was valued at USD 110.13 Million in 2023 and is projected to reach USD 171.82 Million by 2032, with an expected CAGR of 6.56% during the forecast period. Luxury fashion represents the epitome of high-end clothing and accessories, characterized by exceptional quality, exclusivity, and sophisticated design. This segment of the fashion industry focuses on premium materials such as fine silk, cashmere, and high-grade leather, coupled with meticulous craftsmanship and innovative design. Brands in luxury fashion, such as Louis Vuitton, Gucci, and Chanel, are renowned for their iconic styles and timeless elegance, often setting trends and influencing broader fashion narratives. The luxury fashion market caters to a discerning clientele that values uniqueness and status. Limited-edition collections, bespoke tailoring, and personalized services are hallmarks of this sector, enhancing the exclusivity of the products. High-end fashion houses often showcase their creations at prestigious fashion weeks and through elaborate marketing campaigns, reinforcing their brand prestige and allure. Sustainability is also gaining prominence in luxury fashion, with many brands adopting eco-friendly practices and materials in response to growing consumer awareness and demand for ethical production. This evolution reflects a broader shift towards responsible luxury, where environmental and social considerations are integral to the industry’s future. Overall, luxury fashion continues to be a symbol of opulence and sophistication, driven by innovation, heritage, and an unwavering commitment to excellence. Recent developments include: November 2022: The New Concepts Nordstrom platform and the British luxury brand Burberry announced the debut of Concept 019: Burberry with the introduction of a capsule collection and several in-store installations. The capsule collection includes outerwear staples, including trench coats and puffer jackets, while ready-to-wear and accessories for men, women, and children include graphic T-shirts, knitwear, tailoring, bags, shoes, and scarves., September 2022: Hermès International S.A. announced the opening of a new duplex store offering a range of premium apparel within the Union Square shopping mall in Ho Chi Minh City, Vietnam., February 2022: LVMH announced its plans to acquire the United States-based luxury brand, Ralph Lauren. The company intends to increase its worldwide brand development. In a developing market like Saudi Arabia, where Ralph Lauren already has an omnichannel presence, this purchase will allow brands to mold themselves according to the region's demographic trends and deliver new-end products to Saudi consumers.. Key drivers for this market are: Increasing demand for certified jewelry, Increasing product development in terms of designs. Potential restraints include: Extensive availability of imitation jewelry. Notable trends are: Rise in E-commerce Boosting the Market.
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?
Request Free Sample
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.
Get a glance at the Apparel Industry report of share of various segments Request Free Sample
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
https://www.verifiedmarketresearch.com/privacy-policy/https://www.verifiedmarketresearch.com/privacy-policy/
Fast Fashion Market size was valued at USD 122,257.5 Million in 2024 and is projected to reach USD 283,457.5 Million by 2031, growing at a CAGR of 10.13% from 2024 to 2031.
Fast Fashion Market Drivers
Affordability: Fast fashion offers affordable clothing options, making it accessible to a wide range of consumers.
Trend-Driven: Fast fashion brands quickly replicate runway trends, allowing consumers to stay up-to-date with the latest styles.
Variety and Choice: Fast fashion retailers offer a wide range of styles, sizes, and colors, providing consumers with ample choices.
Accessibility: Fast fashion brands have a strong presence in retail stores and online platforms, making it convenient for consumers to shop.
Fast Fashion Market Restraints
Ethical Concerns: The fast fashion industry has faced criticism for its environmental impact, labor practices, and waste generation.
Quality Concerns: Fast fashion clothing is often made from low-quality materials and may not be durable.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The Logistics in Fashion/Apparel Industry is segmented by Service (Transportation, Warehousing, Inventory Management, and Other Value-added Services) and Geography.
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.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
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'...
https://www.datainsightsmarket.com/privacy-policyhttps://www.datainsightsmarket.com/privacy-policy
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.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
According to Cognitive Market Research, the global Fashion market size will be USD 742512.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.
North America held the major market share of more than 40% of the global revenue with a market size of USD 297004.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 222753.66 million.
Asia Pacific held a market share of around 23% of global revenue, with a market size of USD 170777.81 million in 2024, and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America's Market will have more than 5% of the global revenue with a market size of USD 37125.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 14850.24 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
Men held the highest Fashion market revenue share in 2024.
Key Drivers of Fashion Market
Innovations in Materials to Provide Viable Market Output
The innovations in materials are creating a significant increase in global demand. Breakthroughs in sustainable and eco-friendly fabrics, such as recycled polyester or plant-based alternatives like Tencel, respond to growing environmental concerns, attracting conscientious consumers. Advanced textiles with performance-enhancing properties, like moisture-wicking or antibacterial features, cater to the demand for functional yet stylish activewear. Additionally, developments in smart fabrics embedded with technology, such as garments with integrated sensors for health monitoring or adjustable temperature control, offer novel experiences to tech-savvy consumers. These material innovations not only inspire creativity among designers but also influence purchasing decisions, reflecting an evolving landscape where sustainability, functionality, and innovation converge in fashion.
Impact of Social Media Influencers to Propel Market Growth
The impact of social media influencers aims to provide growth in the Market. Their ability to showcase trends, endorse brands, and provide styling tips directly to consumers has transformed the industry landscape. Through platforms like Instagram, TikTok, and YouTube, influencers can swiftly disseminate fashion content, driving consumer purchasing decisions and shaping brand perceptions. Their authentic storytelling and relatable content foster a sense of trust and connection with followers, leading to increased brand loyalty and sales. Consequently, brands collaborate with influencers for promotional campaigns, leveraging their reach to amplify brand visibility and credibility. Overall, social media influencers have become pivotal drivers of trends, consumer behavior, and market dynamics in the fashion industry.
Restraint Factors of Fashion Market
Rising Production Costs to Restrict Market Growth
The Fashion market faces challenges due to the rising production costs. Labor wages may rise due to demands for better working conditions and fair compensation. At the same time, material costs can fluctuate due to factors like scarcity of resources or geopolitical tensions affecting supply chains. Additionally, investments in sustainable practices and technologies to meet regulatory standards can also contribute to higher production costs. These rising costs put pressure on fashion brands and manufacturers to either absorb the expenses, leading to reduced profit margins or pass them on to consumers through higher prices, potentially impacting affordability and competitiveness in the market.
Impact of COVID-19 on the Fashion Market
The fashion market experienced a varied impact. Lockdowns, social distancing measures, and economic uncertainty have led to decreased consumer spending on non-essential items like clothing and accessories. Retail stores faced closures while online sales surged, highlighting the importance of e-commerce in the industry. Brands and retailers had to adapt quickly by shifting their focus to loungewear, athleisure, and comfortable clothing suitable for remote work and stay-at-home lifestyles. Sustainability and ethical concerns have gaine...
In 2023, the retail sales value of the apparel industry in Japan amounted to around 8.4 trillion Japanese yen. The fashion market in Japan is characterized by the predominance of the women's fashion segment, which made up around half of retail sales. Japanese clothing industry While Japan is home to large multinational casual wear manufacturers, such as Uniqlo, and Muji, imports mainly from China play a major role in the apparel market. Even though the country reduced its reliance on China as a trading partner in recent years through the diversification of procurement markets, the East Asian country accounts for the majority of clothing imports to the archipelago. Offline or online channels? Brick-and-mortar stores remain the main shopping channels of Japanese consumers, with department stores remaining an important point of sale. However, offline retail channels have been recording a continuous decline lately, as online apparel sales are reaching record highs on an annual basis.
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
The Report Covers Global Men's Clothing Industry Statistics & Trends and the Market is Segmented by Product Type (Trousers, Denim, T-shirts, Winter Wear, Sportswear, and Other Product Types); by Distribution Channel (Offline Retail Stores and Online Retail Stores); 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.
https://www.thebusinessresearchcompany.com/privacy-policyhttps://www.thebusinessresearchcompany.com/privacy-policy
Explore the Online Fashion Retail Market trends! Covers key players, growth rate 17.3% CAGR, market size $101.52 Billion, and forecasts to 2033. Get insights now!
Success.ai’s Fashion & Apparel Data for Apparel, Fashion & Luxury Goods Professionals in Asia provides a robust dataset tailored for businesses seeking to connect with key players in Asia’s thriving fashion and luxury goods industries. Covering roles such as brand managers, designers, retail executives, and supply chain leaders, this dataset includes verified contact details, professional insights, and actionable business data.
With access to over 700 million verified global profiles and 130 million profiles focused on Asia, Success.ai ensures your outreach, marketing, and business development strategies are supported by accurate, continuously updated, and AI-validated data. Backed by our Best Price Guarantee, this solution positions you to succeed in Asia’s competitive and ever-growing fashion markets.
Why Choose Success.ai’s Fashion & Apparel Data?
Verified Contact Data for Precision Outreach
Comprehensive Coverage of Asian Fashion Professionals
Continuously Updated Datasets
Ethical and Compliant
Data Highlights:
Key Features of the Dataset:
Comprehensive Professional Profiles
Advanced Filters for Precision Campaigns
Industry and Regional Insights
AI-Driven Enrichment
Strategic Use Cases:
Marketing Campaigns and Brand Expansion
Product Development and Consumer Insights
Partnership Development and Retail Collaboration
Market Research and Competitive Analysis
Why Choose Success.ai?
Best Price Guarantee
Seamless Integration
This statistic from a report published by McKinsey displays the forecasted sales growth in the fashion industry worldwide for 2020, by value segment. For 2020, the expected sales growth in value segment was between 5 and 6 percent. Mid-market fashion was expected to grow between 1.5 and 2.5 percent, the lowest sales growth of all the fashion segments in this statistic.
https://www.marknteladvisors.com/privacy-policyhttps://www.marknteladvisors.com/privacy-policy
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%.
https://www.cognitivemarketresearch.com/privacy-policyhttps://www.cognitivemarketresearch.com/privacy-policy
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...
https://www.mordorintelligence.com/privacy-policyhttps://www.mordorintelligence.com/privacy-policy
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.