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.

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.

This statistic shows the size of the apparel market worldwide from 2011 to 2017, and provides a forecast till 2020. In 2017, the global apparel market was valued at about 1.39 trillion U.S. dollars and is forecast to generate approximately 1.65 trillion dollars by 2020.

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.

In 2024, the global e-commerce fashion industry is forecast to reach an overall market value of 781.5 billion U.S. dollars. According to estimates, the industry is expected to reach a value of over 1.6 trillion U.S. dollars by 2030.

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!

As per Cognitive Market Research's latest published report, the Global Online Fashion Retail market size was $771.90 Billion in 2022 and it is forecasted to reach $2,755.17 Billion by 2030. Online Fashion Retail Industry's Compound Annual Growth Rate will be 17.37% from 2023 to 2030. Market Dynamics of the Online Fashion Retail Market:

Evolution in online shopping along with the emergence of technologies:

Technological advancement has become the center of life. Most devices such as smartwatches, and mobile phones with multiple accessibilities merge with digital networks. Technologies such as blockchain, and artificial intelligence have pushed online fashion businesses to be more user-friendly which can help customer to fulfill their needs. E-commerce retail platforms which are using several technologies would be able to surge their competitive advantage towards better customer experiences and customizing the products as per their requirements. Artificial Intelligence (AI) is becoming the most popular technology in the online fashion retail industry. AI has the ability to change vast and diverse data into valuable data which helps to exceed cost, speed, and time. Furthermore, Augmented Reality (AR) technology also plays a vital role which provides a real-time view and also magnified computer-generated information.

Restraining Factor:

Lack of close examination and frauds in online shopping:

Many customers want to feel and touch the product in order to identify product quality. Thus, most of the customers prefer to purchase from window shops to touch-feel-try the products which may lead to hinder the market growth to some extent. In addition, the products shown in the pictures are sometimes misleading. The size, colour, and appearance are not images with electronic images. In addition, many people prefer to visit physical stores for examining the product though it consumes time. Further, the online payment mode is not much safe while doing payment transactions. Therefore, retailers and e-marketers are paying attention to finding out a solution to this issue.

However, the emergence of new technologies, good discounts, availability of different brands, time-saving processes, a wide range of products, and safer payment transactions are expected to surge the market growth during the forecast period.

Current Trends on Online Fashion Retail:

Development of new applications in online fashion retail platforms:

Increasing penetration of smartphones and the emergence of new technologies followed by the development of different applications have gained traction in the online fashion retail market. Solutions like Mobile body scanning technology are having a lucrative impact on the online fashion retail market size and shape. In addition, a solution like Mobile Tailor which allows customers to take body measurements remotely and contactless by using just two photos of them enables businesses to expand their reach. Furthermore, YourFit solution also helps shoppers to find out matching online shoppers in order to overcome size issues. Thus, the development of new applications in the fashion world is projected to expand the market growth in the future.

Impact of the COVID-19 pandemic on the Online Fashion Retail Market:

The outbreak of Covid-19 has significant impact on the global fashion retail market. As governments of several nations announced lockdown and social distancing regulations, the market has faced several damages during the Covid-19 pandemic. However, there are some positive impacts such as the emergence of new technologies i.e. ewallet, 360-degree videos, three-dimensional product view, and trying on clothes with augmented reality has gained traction during a pandemic. The online fashion market has gained traction among young consumers during the outbreak of COVID-19. UK-based eCommerce company BooHoo has reported that during the lockdown their sales has increased by 45% in May 2020.

As the online fashion retail industry is growing, fashion businesses need to adapt to changing circumstances. Due to the high competition in the sector, online fashion businesses have to implement new intelligent solutions which are going to recommend the right product to the right customer in real time. Introduction of Online Fashion Retail:

In the past decade, increasing usage of the internet has given new momentum to the online fashion retail market. Rising demand for designer dress...

The size of the global apparel and footwear market in 2019 was 1.9 trillion U.S. dollars, and this was forecast to reach 3.3 trillion U.S. dollars by 2030.

Apparel market in Asia to grow Further forecasts suggest that the global apparel market could alone be valued at around 1.52 trillion U.S. dollars in 2020, with the largest demand share set to come from the Asia Pacific region. As of 2018, the United States generated the highest revenue from the apparel market, followed by China, India, and Japan – highlighting the emerging markets in Asia.

Sportswear brands pushing apparel market The sportswear market is one of the key apparel markets worldwide: it was valued at 265 billion U.S. dollars in 2019 and was predicted to increase by around 80 percent by 2025. Sportswear is made from materials that improve agility and offer comfort, specifically designed to aid performance during physical activities. Nike was the leading sportswear company worldwide in 2019, with sales generating more than 39 billion U.S. dollars.

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%.

This statistic shows the demand share of the apparel market worldwide from 2005 to 2015, with a forecast until 2020, by region. In 2018, Asia Pacific was forecast to have a 38 percent share of global apparel demand by 2020.

Europe's clothing manufacturing industry is largely driven by its reputation for upscale brands and high-end fashion. Countries like Italy and France have a renowned reputation for manufacturing high-quality apparel, which is in demand globally. As a result, industry revenue largely follows trends in disposable income and consumer spending. Clothing manufacturers have faced challenges brought on by the COVID-19 pandemic, severe inflation and foreign competition. Despite these challenges, the digital revolution has inspired new avenues for growth with the rise of e-commerce, which has become an increasingly central consumer shopping practice. Revenue is expected to slump at a compound annual rate of 5.5% to €97.8 billion over the five years through 2024, including a 3.6% drop in 2024. In 2020, like numerous sectors, the clothing industry took a heavy hit from the COVID-19 outbreak. Temporary restrictions curbed manufacturing activities and closed down physical retail markets, reducing consumer demand for clothes. The industry noticed some recovery as these restrictions eased, and consumers, who'd accumulated savings during lockdown periods, indulged in retail therapy – spending on clothing to bring personal joy. However, soaring inflation in 2022 dampened enthusiasm again. Raw material and energy costs soared, reducing manufacturers' profitability. Inflation has been subsiding since late 2023, though geopolitical tensions, including the Red Sea crisis, are renewing concerns of supply chain disruptions and heightened production costs. Looking forward, Europe’s clothing manufacturers will have to take the rough with the smooth. The growth of online shopping is not likely to slow down. Internationally, Europe maintains a strong reputation for quality, ensuring solid demand for its products. Revenue is forecast to grow at a compound annual rate of 2.8% to €112 billion over the five years through 2029. The challenge of sustainability is also stimulating innovation. The industry will continue to develop green solutions to production and use more eco-friendly materials. Technological advances in AI, 3D printing and automation are another cause for optimism, as these help to increase production efficiency. Personalisation of products is another trend that will drive customer satisfaction and build brand loyalty, thus, supporting demand.

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.

Europe's clothing manufacturing industry is largely driven by its reputation for upscale brands and high-end fashion. Countries like Italy and France have a renowned reputation for manufacturing high-quality apparel, which is in demand globally. As a result, industry revenue largely follows trends in disposable income and consumer spending. Clothing manufacturers have faced challenges brought on by the COVID-19 pandemic, severe inflation and foreign competition. Despite these challenges, the digital revolution has inspired new avenues for growth with the rise of e-commerce, which has become an increasingly central consumer shopping practice. Revenue is expected to slump at a compound annual rate of 5.5% to €97.8 billion over the five years through 2024, including a 3.6% drop in 2024. In 2020, like numerous sectors, the clothing industry took a heavy hit from the COVID-19 outbreak. Temporary restrictions curbed manufacturing activities and closed down physical retail markets, reducing consumer demand for clothes. The industry noticed some recovery as these restrictions eased, and consumers, who'd accumulated savings during lockdown periods, indulged in retail therapy – spending on clothing to bring personal joy. However, soaring inflation in 2022 dampened enthusiasm again. Raw material and energy costs soared, reducing manufacturers' profitability. Inflation has been subsiding since late 2023, though geopolitical tensions, including the Red Sea crisis, are renewing concerns of supply chain disruptions and heightened production costs. Looking forward, Europe’s clothing manufacturers will have to take the rough with the smooth. The growth of online shopping is not likely to slow down. Internationally, Europe maintains a strong reputation for quality, ensuring solid demand for its products. Revenue is forecast to grow at a compound annual rate of 2.8% to €112 billion over the five years through 2029. The challenge of sustainability is also stimulating innovation. The industry will continue to develop green solutions to production and use more eco-friendly materials. Technological advances in AI, 3D printing and automation are another cause for optimism, as these help to increase production efficiency. Personalisation of products is another trend that will drive customer satisfaction and build brand loyalty, thus, supporting demand.

China BCI: Industry: Mfg: Garment & Apparel data was reported at 104.900 NA in Sep 2022. This records a decrease from the previous number of 109.200 NA for Jun 2022. China BCI: Industry: Mfg: Garment & Apparel data is updated quarterly, averaging 119.800 NA from Mar 2013 (Median) to Sep 2022, with 39 observations. The data reached an all-time high of 131.300 NA in Jun 2021 and a record low of 75.400 NA in Mar 2020. China BCI: Industry: Mfg: Garment & Apparel data remains active status in CEIC and is reported by National Bureau of Statistics. The data is categorized under China Premium Database’s Business and Economic Survey – Table CN.OF: Business Climate Index.

This statistic shows the compound annual growth rate (CAGR) of the global apparel market from 2015 to 2020, by region. In 2018, it was forecast that the Asia Pacific apparel market would grow by four percent annually in the period from 2015 to 2020.

This brief lists the Top 50 global clothing & footwear retailers by sales in 2020, which includes sales tax, per calendar year, making the data and market shares comparable. Read More

China Women's Apparel, Women Accessory: Tmall Online Sales: Market Share data was reported at 5.210 % in Aug 2020. This records an increase from the previous number of 5.190 % for Jul 2020. China Women's Apparel, Women Accessory: Tmall Online Sales: Market Share data is updated monthly, averaging 5.870 % from Jun 2019 (Median) to Aug 2020, with 15 observations. The data reached an all-time high of 8.530 % in Dec 2019 and a record low of 3.640 % in Feb 2020. China Women's Apparel, Women Accessory: Tmall Online Sales: Market Share data remains active status in CEIC and is reported by Moojing Market Intelligence. The data is categorized under China Premium Database’s Consumer Goods and Services – Table CN.HTB: Taobao and Tmall Online Sales: Textile, Clothes and Footwear.

Brazil BR: GDP: % of Manufacturing: Textiles and Clothing data was reported at 4.499 % in 2021. This records a decrease from the previous number of 4.629 % for 2020. Brazil BR: GDP: % of Manufacturing: Textiles and Clothing data is updated yearly, averaging 6.394 % from Dec 2007 (Median) to 2021, with 15 observations. The data reached an all-time high of 7.089 % in 2012 and a record low of 4.499 % in 2021. Brazil BR: GDP: % of Manufacturing: Textiles and Clothing data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Brazil – Table BR.World Bank.WDI: Gross Domestic Product: Share of GDP. Value added in manufacturing is the sum of gross output less the value of intermediate inputs used in production for industries classified in ISIC major division D. Textiles and clothing correspond to ISIC divisions 17-19.;United Nations Industrial Development Organization, International Yearbook of Industrial Statistics.;;

The global Arc Flash Protective Clothing market size is expected to grow from USD 2100 million in 2019 to USD 3200 million by 2026, at a CAGR of 5% from 2020-2026

The global anti-static safety clothing market was valued at approximately USD XXX million in 2019 and is projected to grow at a CAGR of over XX% during the forecast period (2020-2033). The market growth is attributed to the increasing demand for anti-static clothing in various industries, such as oil and gas, mining, chemical, and pharmaceuticals, where workers are exposed to hazardous environments. Furthermore, stringent government regulations regarding workplace safety in many countries and the growing awareness about the importance of personal protective equipment among workers are expected to drive the market growth in the coming years. The key market players include Honeywell, 3M, DuPont, Dräger, Ansell, Kimberly-Clark, Delta Plus, Avon Rubber, COFRA, Lindström, and Lakeland Industries. These companies hold a significant market share and are continuously innovating and developing new products to meet the evolving needs of customers. The market is segmented based on application, type, and region. By application, the oil and gas industry held the largest market share in 2019 due to the high prevalence of static electricity in this industry. By type, anti-static work clothes are expected to dominate the market during the forecast period, as they are widely used by workers in various industries. In terms of regions, North America is expected to remain the largest market during the forecast period, owing to the stringent safety regulations in the U.S. and Canada. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, due to the increasing adoption of anti-static safety clothing in emerging economies such as China and India.