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 Sustainable Fashion market size is USD 7915.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 23.50% from 2024 to 2031.
North America Sustainable Fashion Market held 40% of the global revenue with a market size of USD 3166.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 21.7% from 2024 to 2031.
Europe Sustainable Fashion Market held 30% of the global market size of USD 2374.56 million in 2024.
Asia Pacific Sustainable Fashion Market held 23% of the global revenue with a market size of USD 1820.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 25.5% from 2024 to 2031.
South America Sustainable Fashion market held 5% of the global revenue with a market size of USD 395.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 22.9% from 2024 to 2031.
Middle East and Africa Sustainable Fashion Market held 2% of the global revenue with a market size of USD 158.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 23.2% from 2024 to 2031.
The sales of apparel are expected to increase due to shifting consumer preferences towards sustainable and versatile clothing options, coupled with innovative designs and increased accessibility through various sales channels.
The sales of women's apparel are anticipated to rise owing to evolving fashion trends, increased purchasing power, targeted marketing efforts, and a growing emphasis on inclusivity and diversity in fashion.
Growing Consciousness about Environmental and Social Issues to Increase Sales
The growing consciousness about environmental and social issues is becoming a significant driver in the sustainable fashion market, leading to increased sales. As consumers become more aware of the detrimental effects of traditional fashion practices on the planet and society, they are actively seeking out eco-friendly and ethically produced alternatives. This heightened awareness has sparked a shift in consumer behaviour, with individuals increasingly prioritizing sustainability in their purchasing decisions. They are willing to invest in clothing that aligns with their values, such as garments made from recycled materials, organic fibres, or produced under fair labour conditions. Consequently, fashion brands that embrace sustainable practices and communicate their commitment to environmental and social responsibility are experiencing a surge in sales, as they cater to a growing market segment seeking ethical and eco-conscious fashion choices.
Shifts in Consumer Values Towards Ethical Consumption to Propel the Growth
Shifts in consumer values towards ethical consumption are significantly propelling growth in the sustainable fashion market. As consumers increasingly prioritize transparency, accountability, and sustainability in their purchasing decisions, they are driving demand for ethically produced clothing. This shift is fuelled by a desire to support brands that uphold ethical labour practices, minimize environmental impact, and promote social responsibility throughout the supply chain. Consumers are seeking out garments made from eco-friendly materials, such as organic cotton or recycled fibres, and are willing to pay a premium for products that align with their values. Additionally, the rise of social media and digital platforms has facilitated greater awareness and discourse around sustainability issues in the fashion industry, further driving consumer demand for ethical alternatives. As a result, fashion brands that embrace ethical practices and incorporate sustainability into their business models are experiencing significant growth opportunities, as they cater to an increasingly conscientious consumer base.
Advancements in Materials Drives the Sustainable Fashion Market
Market Restraints of the Sustainable Fashion
Resistance from Traditional Players to Slow Down the Overall Transition Towards Sustainability
Resistance from traditional players in the fashion industry poses a significant challenge to the overall transition towards sustainability. Established brands often face pressure to maintain profitability and may be reluctant to invest in costly changes to their production processes or supply chains. Additionally, there may be a lack of incentive to shift towards sustainability if consumers continue to prioritize low-cost...
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 fashion industry is projected to grow significantly in the next ten years. Two categories in the fashion industry that are of interest are the fast fashion market and the second-hand fashion market. By 2029, the fast fashion market is expected to grow by 20 percent. For the second-hand market this number is higher at 185 percent.
Market overview
Because of technological innovation, fashion in the last two decades has been produced at an accelerating speed. This so called 'fast' fashion is known for it’s accessible price point. Additionally, it often responds well to current trends because of product turnover, which further increases the appeal. European brands such as
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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%.
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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 |
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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 |
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Market Share (2023) | 85.5% |
Market Share (2033) | 82.4% |
BPS Analysis | (-) 310 |
Country | Canada |
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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 |
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Key Segments Covered |
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Key Companies Profiled |
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Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global artificial intelligence in fashion market amounted to 270 million U.S. dollars in 2018 and was expected to grow at a CAGR of 36.9 percent during the forecast period from 2019 to 2027, to amount to 4.4 billion U.S. dollars by 2027.
Shein's market share in the United States more than doubled between March 2020 and March 2022, going from approximately 18 to 40 percent. This market share gain occurred at the expense of nearly all other fast fashion companies in the United States, as all except Zara saw their market share dwindle during that time period. Most notably, H&M's market share in the U.S. decreased ten percentage points between March 2020 and March 2022. By November 2022, Shein held 50 percent of the U.S. fast fashion market.
Fast fashion e-commerce
As the fast fashion industry continues to evolve, Shein is not the only e-commerce pure player disrupting the overall landscape. Companies such as ASOS and Zalando, for example, can turn out collections with remarkable speed, providing an edge against their brick-and-mortar competitors. From 2020 to 2022, net sales at ASOS.com are forecast to increase by more than two million U.S. dollars. Over the same time period, Zalando's net sales are forecast to increase by nearly one million U.S. dollars.
The rise of Shein
Shein may not be the only e-commerce pure player changing the landscape of the fast fashion industry, but it is definitely the most prominent one. According to estimates, the fast fashion giant has seen its revenue increase by more than 22 billion U.S. dollars since 2016. Maybe even more impressive is the fact that Shein.com was the second fastest growing e-commerce website in the world in 2022, and was the only fashion company to crack the list.
Islamic Clothing Market Size 2025-2029
The Islamic clothing market size is forecast to increase by USD 59.2 billion, at a CAGR of 9.1% between 2024 and 2029.
The market, encompassing apparel, sports apparel, swimwear, and ethnic wear, is experiencing significant growth in the digital realm. Key drivers include the rise in product visibility and accessibility through e-commerce platforms, as well as the increasing adoption of omni-channel retailing. However, challenges persist, such as the availability of counterfeit Islamic clothing items online. Brands and retailers must prioritize logistics and security measures to ensure authenticity and customer satisfaction. In the US and North American markets, labels specializing in Islamic clothing continue to expand their online presence, catering to the needs of a growing consumer base seeking modest and culturally appropriate attire. The use of technology, including computers and mobile devices, facilitates seamless shopping experiences for this demographic.
What will be the Size of the Islamic Clothing Market During the Forecast Period?
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The market, also known as the Muslim consumer segment within the Islamic fashion industry, caters to the unique needs and preferences of the global Islamic population. This market encompasses a diverse range of apparel, including abayas, hijabs, prayer outfits, thobes, jubbas, and various forms of head coverings such as the burqa and niqab. The market's growth is driven by the increasing global Islamic population, which is projected to reach 2.2 billion by 2030, and the rising demand for modest fashion that adheres to Islamic dress codes. Online retail distribution channels have significantly influenced the market's expansion, providing convenience and accessibility to consumers.
The lifestyle apparel sector, which includes sportswear for both Islamic men and women, has also gained traction due to the growing interest in health and fitness. Multinational fashion brands have increasingly entered this market, recognizing the potential for consumer investments and product consumption. Despite the growth, challenges persist, including negative reviews and the need for improved product quality and authenticity. Overall, the market continues to evolve, reflecting the diverse needs and preferences of its global consumer base.
How is this Islamic Clothing Industry segmented and which is the largest segment?
The Islamic clothing 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.
Product
Ethnic wear
Sustainable fashion
Sports wear
End-user
Islamic women
Islamic men
Distribution Channel
Online
Offline
Geography
Middle East and Africa
Egypt
Nigeria
APAC
India
South Korea
Europe
North America
US
South America
By Product Insights
The ethnic wear segment is estimated to witness significant growth during the forecast period.
The market caters to the unique needs of Muslim consumers, offering apparel that adheres to Islamic principles. This market encompasses various segments, including abayas, hijabs, prayer outfits, burqas, and niqabs for women, and thobes, jubbas, and sports and fitness wear for men. The Muslim population, estimated at 1.8 billion, presents a significant potential customer base for this industry. Islamic fashion industry growth is driven by cultural and lifestyle factors, particularly in Muslim majority economies. Younger generations are increasingly embracing innovative clothing designs that blend traditional Islamic clothing with contemporary styles, creating a demand for modest fashion wear. Ethnic wear, a popular segment, is particularly sought after during cultural events and significant occasions.
The sports industry also presents opportunities for the market growth, with the increasing popularity of sports hijabs. Consumer investments in sustainable fashion are also influencing the industry. Multinational fashion brands and high street brands are increasingly catering to this market, offering a range of options from luxury to affordable prices. E-commerce platforms are facilitating online retail distribution, addressing logistical issues and expanding market reach.
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The ethnic wear segment was valued at USD 69.50 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 39% 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 insig
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According to Cognitive Market Research, the global AI-based personalised Stylist market size will be USD 101.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 38.30% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 40.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 36.5% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 30.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 23.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 40.3% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 5.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 37.7% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 38.0% from 2024 to 2031.
The mobile apps category is the fastest growing segment of the AI-Based Personalized Stylist industry
Market Dynamics of AI-Based Personalized Stylist Market
Key Drivers for AI-Based Personalized Stylist Market
Rising Demand for Personalized Fashion Recommendations to Boost Market Growth
The market for personalized fashion recommendations is being driven by several key factors; The development of sophisticated algorithms that analyze vast amounts of consumer data (browsing habits, purchase history, body measurements, and even social media activity) enables more accurate and relevant fashion recommendations. This technological evolution is a key factor driving growth. Providing accurate and effective personalized recommendations relies on the quality of consumer data. Retailers may struggle with integrating data from different sources, leading to less effective personalization efforts and customer dissatisfaction. These drivers and restraints are shaping the growth trajectory of personalized fashion recommendations, as companies navigate the balance between innovation and addressing consumer concerns. For instance, to advance its personal recommendation technology, Lily AI raised capital in 2020. Personalized e-commerce experiences are presented by Lily AI through the use of "deep product data and anonymized customer behavior data," the business claimed. It has raised $12.5 million in Series A funding.
Advancements in machine learning algorithms
The availability of big datasets, advances in deep learning architectures, and rising computing power are the main forces behind developing machine learning algorithms. Scalable, rapid model training is made possible by distributed systems and cloud computing. The need for increasingly complex algorithms is fueled by the growth of artificial intelligence (AI) in sectors including healthcare, finance, and autonomous systems. Furthermore, data accessibility, open-source frameworks, and rising research and development expenditures in artificial intelligence fuel ongoing innovation and the real-world use of sophisticated machine learning models.
Restraint Factor for the AI-Based Personalized Stylist Market
High development costs limit accessibility for small-scale fashion retailers
Small-scale fashion stores have a considerable obstacle in the form of high development costs, which restrict their access to cutting-edge technologies and creative design methodologies. These merchants frequently have tight budgets, making it difficult for them to invest in cutting-edge production equipment, eco-friendly materials, and online marketing and sales platforms. Their growth potential is further limited by significant expenses related to supply chain management, branding, and scalability, which puts them at a disadvantage compared to larger, more financially stable competitors.
Impact of Covid-19 on the AI-Based Personalized Stylist Market
The COVID-19 pandemic accelerated the growth of the AI-based personalized stylist market as consumers shifted to online shopping and virtual services. With physical stores closed, demand for personalized, AI-driven fashion recommendations increased. Retailers adopted AI solutions to offer virtual try-ons, tailored recommendations, and interactive shoppin...
What is the Online Childrens Apparel Market Size?
The online childrens apparel market size is forecast to increase by USD 44.3 billion at a CAGR of 9.8% between 2024 and 2029. The market is experiencing significant growth, driven by several key factors. Firstly, the rise in online spending on children's clothing has been a major catalyst, as more parents turn to the convenience of shopping from home. Additionally, social media presence plays a crucial role in market trends, with influencers and brands leveraging platforms to reach and engage consumers. However, the market also faces challenges, such as the threat of counterfeit products, which can negatively impact brand reputation and consumer trust. To stay competitive, players in the market must focus on offering high-quality products, ensuring authenticity, and providing exceptional customer service. By addressing these trends and challenges, the market is poised for continued growth and innovation.
What will be the size of Market during the forecast period?
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Market Segmentation
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.
Material
Natural
Synthetic
Product
Trousers
Sports and swimwear
Night dress
Socks
Others
Geography
North America
Canada
US
Europe
Germany
UK
France
Italy
APAC
China
India
Japan
South America
Brazil
Middle East and Africa
Which is the largest segment driving market growth?
The natural segment is estimated to witness significant growth during the forecast period. The market is witnessing significant changes, with a shift towards cotton-based clothing and increased demand for gender-neutral and trendy apparel. Demographic changes, such as the rise of dual-income households and the growing infant population, have influenced consumer spending on children's clothing. Peer pressure and consumer lifestyle also play a role in children's clothing choices, with brands like PacSun and Poppabum gaining popularity. Raw materials, such as plant and animal fibers, are essential to the production of kids' clothing.
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The natural segment was valued at USD 32.60 billion in 2019. Plant fibers, derived from various parts of plants, primarily consist of cellulose and are used to create fabrics like cotton. Animal fibers, such as wool and silk, are composed of proteins and provide warmth and durability. Newborns and older children alike benefit from the comfort and safety of branded clothing. Strategic decisions regarding raw materials, pricing, and marketing are crucial for fashion stores and specialty retailers. Internet penetration and the rise of ecommerce sites have led to fluctuations in consumer spending on children's clothing. Festivals, Halloween, and cosplay also contribute to the demand for children's clothing, with safety and health being a top priority. The labor force in regions like Nesavu, Coimbatore, and others, plays a significant role in the production of children's clothing, with raw materials and childcare costs being key considerations. Rising temperatures and changing consumer preferences are also impacting the children's clothing market.
Which region is leading the market?
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North America is estimated to contribute 32% 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. The market encompasses a wide range of clothing, including menswear, women's wear, and unisex clothes for kids. Demographic trends indicate a growing number of young parents prioritizing inclusive clothing options for their children, leading to an increase in demand for clothing that caters to diverse fabric choices, trimmings, openings, fastenings, fit, thread, zippers, and fasteners. Luxury brands are also entering the market, offering high-end decorations and cloth shapes for children's leisurewear and sportswear. The children population continues to expand, leading to a consistent demand pattern for matching outfits and adult clothing-inspired kids' apparel. Macroeconomic trends, such as increasing disposable income and changing consumer preferences, further fuel the growth of the children's apparel market. Fabric choices vary from natural fibers like cotton and wool to synthetic materials like polyester and spandex, ensuring comfort and durability for kids. Overall, the children's apparel market is a significant sector, offering numerous opportunities for b
The sports apparel market in the United States was valued at approximately 103 billion EUROS in 2021. The market was projected to grow to 130 billion U.S. dollars by 2025.
Leading companies of sports apparel globally
Among the leading companies in the sportswear and sporting goods industry, Nike and Adidas together account for more than 60 billion U.S. dollars in worldwide revenues. Other notable companies include Puma, Under Armour and VF Corporation. While it’s clear that Nike and Adidas are the dominant forces in the sports apparel market globally, other brands also stand out as major market players. For instance, the French company Décathlon beat both Nike and Adidas to secure the top spot in the sports clothing market in France with a significant margin: Décathlon had more than 11.1 million users in 2020 versus 6.2 million for Adidas and only 3.6 million users for Nike.
The industry’s unchallenged leader
As the top company in the industry, Nike witnessed a significant increase of nearly twenty percent in worldwide revenues, going from 37.4 billion U.S. dollars in 2020 to more than 44 billion U.S. dollars in 2021. Two-thirds of Nike’s revenues come from its footwear segment, with popular brands including Air Force 1, Air Max, Air Jordan and more. Nike’s brands are significantly worth more than its main competitor, Adidas. In 2021, Nike’s brand value worldwide was approximately 42.5 billion U.S. dollars, compared to 13.4 billion U.S. dollars for Adidas.
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How big is the Swimwear Market? The Swimwear Market size is expected to reach USD 26.60 billion in 2024 and grow at a CAGR of 6.37% to reach USD 36.22 billion by 2029.
What is the current Swimwear Market size?
In 2024, the Swimwear Market size is expected to reach USD 26.60 billion.
Who are the key players in Swimwear Market?
Pentland Group PLC, Adidas AG, Puma SE, Nike Inc and Arena SpA are the major companies operating in the Swimwear Market.
Which is the fastest growing region in Swimwear Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Swimwear Market?
In 2024, the Asia Pacific accounts for the largest market share in Swimwear Market.
What years does this Swimwear Market cover, and what was the market size in 2023?
In 2023, the Swimwear Market size was estimated at USD 24.91 billion. The report covers the Swimwear Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Swimwear Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the key sustainability challenges in the Swimwear Industry?
The key sustainability challenges in the Swimwear Industry are a) Synthetic fibers released during washing and wear contribute to microplastic pollution b) Sustainable swimwear options are often perceived as more expensive, creating a barrier for some consumers
What are the key sustainability challenges in the Swimwear Industry?
The key sustainability challenges in the Swimwear Industry are a) Synthetic fibers released during washing and wear contribute to microplastic pollution b) Sustainable swimwear options are often perceived as more expensive, creating a barrier for some consumers
The global swimwear market is experiencing significant growth, driven by the increasing popularity of beach culture and aquatic sports. This rise is further supported by the widespread use of the internet and mobile phones, along with a growing preference for sustainable and eco-friendly swimwear options. As swimwear becomes a fashion statement that accommodates various body types and preferences, the market is expanding into diverse segments. Innovations in fabric technology, such as the use of neoprene, are enhancing the market's growth by providing swimwear with better elasticity and durability. The shift towards online shopping and demand for inclusive swimwear designs are contributing to the market's expansion. The competitive landscape is characterized by key players innovating and broadening their reach, both through online platforms and physical stores, to cater to the changing needs of consumers. With North America and Asia-Pacific leading the charge, the swimwear market is set for considerable growth, fueled by fashion trends, technological advancements, and an increased emphasis on health and fitness. Statistics for the Swimwear Market share, size, and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Swimwear analysis includes a market forecast outlook and historical overview. Get a sample of this industry analysis as a free report PDF download.
Swimwear Report Covers the Following Regions: USA, United States, US, Canada, Mexican, Mexico, ES, Spain, Spanish, UK, United Kingdom, DE, Germany, German, FR, France, French, IT, Italy, Italian, RU, Russia, Russian, China, Chinese, JP, Japan, Japanese, IN, India, Indian, AU, Australia, Australian, BR, Brazil, Brazilian, AR, Argentina, Argentine, ZA, South Africa, South African, AE, United Arab Emirates, Emirati
In 2023, the global market value of secondhand and resale apparel was estimated to be worth 197 billion U.S. dollars. This value is projected to rise rapidly in the coming years, increasing by roughly 100 billion dollars by 2026. The combination of sustainability and affordability In a 2023 survey, European consumers revealed that the primary motivations for purchasing second hand fashion are that it is a cheaper and more environmentally friendly way to purchase clothes, both topics which are especially relevant to younger consumers. The reduced prices of second-hand apparel also make clothes which would otherwise be too expensive more accessible. This had led to growth in the second-hand luxury goods market.
Online platforms One popular way that younger generations buy their second-hand clothes is via smartphone apps, which give shoppers greater choice and convenience. Depop registered 464,000 monthly downloads worldwide in December 2023. Tthis was considerably higher than the figure for the same month in 2022. Of course, many people still buy second-hand clothes from thrift shops.
Competitive Analysis with Consumer Edge Credit & Debit Card Transaction Data
Consumer Edge is a leader in alternative consumer data for public and private investors and corporate clients. CE Transact Signal is an aggregated transaction feed that includes consumer transaction data on 100M+ credit and debit cards, including 14M+ active monthly users. Capturing online, offline, and 3rd-party consumer spending on public and private companies, data covers 12K+ merchants and deep demographic and geographic breakouts. Track detailed consumer behavior patterns, including retention, purchase frequency, and cross shop in addition to total spend, transactions, and dollars per transaction.
Consumer Edge’s consumer transaction datasets offer insights into industries across consumer and discretionary spend such as: • Apparel, Accessories, & Footwear • Automotive • Beauty • Commercial – Hardlines • Convenience / Drug / Diet • Department Stores • Discount / Club • Education • Electronics / Software • Financial Services • Full-Service Restaurants • Grocery • Ground Transportation • Health Products & Services • Home & Garden • Insurance • Leisure & Recreation • Limited-Service Restaurants • Luxury • Miscellaneous Services • Online Retail – Broadlines • Other Specialty Retail • Pet Products & Services • Sporting Goods, Hobby, Toy & Game • Telecom & Media • Travel
This data sample illustrates how Consumer Edge data can be used for competitive assessment purposes, such as performing a cross-shop analysis of Amazon transactions compared to all brands in the restaurant industry.
Inquire about a CE subscription to perform more complex, near real-time competitive analysis functions on public tickers and private brands like: • Choose a pair of merchants to determine spend overlap % between them by period (yearly, quarterly, monthly) • Explore cross-shop history within subindustry and market share (updated weekly)
Consumer Edge offers a variety of datasets covering the US and Europe (UK, Austria, France, Germany, Italy, Spain), with subscription options serving a wide range of business needs.
Use Case: Competitive Analysis
Problem A global apparel retailer was looking for a comprehensive enterprise-wide consumer data platform to manage and track consumer behavior across a variety of KPI's for use in weekly and monthly management reporting.
Solution The retailer leveraged Consumer Edge transaction data to monitor and report weekly on: • Market share, competitive analysis and new entrants • Trends by geography and demographics • Online and offline spending • Cross-shopping trends
Impact Marketing and Consumer Insights were able to: • Develop weekly reporting KPI's on market share for company-wide reporting • Establish new partnerships based on cross shopping trends online and offline • Reduce investment in slow channels in both online and offline channels • Determine demo and geo drivers of growth for refined targeting • Analyze customer retention and plan campaigns accordingly
Corporate researchers and consumer insights teams use CE Vision for:
Corporate Strategy Use Cases • Ecommerce vs. brick & mortar trends • Real estate opportunities • Economic spending shifts
Marketing & Consumer Insights • Total addressable market view • Competitive threats & opportunities • Cross-shopping trends for new partnerships • Demo and geo growth drivers • Customer loyalty & retention
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As per Cognitive Market Research's latest published report, the Global Hoodies and Sweatshirts market size was $18.27 Billion in 2022 and it is forecasted to reach $23.36 Billion by 2030. Hoodies and Sweatshirts Industry's Compound Annual Growth Rate will be 3.12% from 2023 to 2030. What are the key driving factors for Hoodies and Sweatshirts Market?
Swelling popularity of hoodies and sweatshirts as an athleisure
Athleisure is among the fastest-growing clothing category as they are stylish, fashionable, attractive, and most importantly comfortable. Athleisure clothing can be worn for doing a workout or to create a classic streetwear look. With the increasing number of fitness and outdoor activities enthusiasts across the globe, results in increasing demand for athleisure. Increasingly adoption of hoodies and sweatshirts as part of the daily casual wardrobe is driving the growth of the market.
The increasing influence of social media on fashion trends among millennials and Gen Z
Mounting craze and sense of fashion among people especially among millennials and Gen Z is been reported. Further, the impression of celebrity lifestyle and fashion influencers on social media platforms also offers significant exposure to fashion trends. Thus, with increasing social media platforms, the popularity of hoodies and sweatshirts among millennials and Gen Z is also increasingly driving its market growth.
The estimated data from National Merchants Association states that 80% of Gen Z and 74% of millennials are influenced by social media when it comes to purchasing.
The focus of the business is on the development of sustainable products and on an omnichannel distribution strategy
With the increasing concern for the environment among the population, people often support and have the desire to purchase products that are more sustainable and environmentally friendly. Thus, manufacturers are focusing on developing hoodies and sweatshirts made from eco materials. Further, the manufacturer is also concentrating on increasing their customer reach through expanding omnichannel distribution. Thus, more people get exposure to hoodies and sweatshirt products driving its market growth.
Increase in digitilization is driving market demand
Seasonal Requirements Hampering Market Growth
Introduction of Hoodies and Sweatshirts
Sweatshirts are referred to as typically pullover, collar-less garments while hoodies are referred to as sweatshirts with a hood attached to them. These clothing are intended as warm sportswear garments for athletes and for outdoor activities including workouts, hiking, running, and walking the dog among others. As sweatshirts offer warmth, comfort, and fashionable looks, it is now often used as casual garments during the colder months.
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The textile recycling market size is projected to be worth US$ 4.8 billion in 2023. The market is likely to reach US$ 6.6 billion by 2033. The market is further expected to surge at a CAGR of 3.2% during the forecast period 2023 to 2033.
Attributes | Key Insights |
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Textile Recycling Market Estimated Size in 2023 | US$ 4.8 billion |
Projected Market Value in 2033 | US$ 6.6 billion |
Value-based CAGR from 2023 to 2033 | 3.2% |
2018 to 2022 Historical Analysis vs. 2023 to 2033 Market Forecast Projections
Report Attribute | Details |
---|---|
Market Value in 2018 | US$ 3.9 billion |
Market Value in 2022 | US$ 4.6 billion |
CAGR from 2018 to 2022 | 4.4% |
Country-wise Insights
Countries | Market value 2033 |
---|---|
The United States | US$ 1.2 billion |
China | US$ 1.4 billion |
The United Kingdom | US$ 247 million |
Japan | US$ 1.2 billion |
South Korea | US$ 342.5 million |
Countries | CAGR 2023 to 2033 |
---|---|
The United States | 3.1% |
China | 3.1% |
The United Kingdom | 2.9% |
Japan | 3.1% |
South Korea | 2.7% |
Category-wise Insights
Category | CAGR from 2023 to 2033 |
---|---|
Cotton | 3.1% |
Apparel Waste | 3.0% |
Report Scope
Attribute | Details |
---|---|
Estimated Market Size in 2023 | US$ 4.8 billion |
Projected Market Valuation in 2033 | US$ 6.6 billion |
Value-based CAGR 2023 to 2033 | 3.2% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value in US$ billion |
Key Regions Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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The winter wear market is estimated to be valued at US$ 330 billion in 2023 and is expected to reach US$ 490 billion by 2033. The adoption of winter wear is likely to advance at a CAGR of 4% during the forecast period. The merging of style and functionality in winter wear is captivating fashion-conscious consumers. Designers are redefining traditional winter apparel, crafting chic outerwear that transcends the season, appealing to a wider audience seeking trendy and versatile options.
Attribute | Details |
---|---|
Estimated Market Size (2023) | US$ 330 billion |
Projected Market Size (2033) | US$ 490 billion |
CAGR from 2023 to 2033 | 4% |
Report Scope
Report Attribute | Details |
---|---|
Market Value in 2023 | US$ 330 billion |
Market Value in 2033 | US$ 490 billion |
Growth Rate | CAGR of 4% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in US$ billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization& Pricing | Available upon Request |
Success.ai’s Ecommerce Store Data for the APAC E-commerce Sector provides a reliable and accurate dataset tailored for businesses aiming to connect with e-commerce professionals and organizations across the Asia-Pacific region. Covering roles and businesses involved in online retail, marketplace management, logistics, and digital commerce, this dataset includes verified business profiles, decision-maker contact details, and actionable insights.
With access to continuously updated, AI-validated data and over 700 million global profiles, Success.ai ensures your outreach, market analysis, and partnership strategies are effective and data-driven. Backed by our Best Price Guarantee, this solution helps you excel in one of the world’s fastest-growing e-commerce markets.
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Personal Protective Equipment Market Size 2024-2028
The personal protective equipment market size is forecast to increase by USD 36.2 billion at a CAGR of 8.43% between 2023 and 2028.
The personal protective equipment (PPE) market is witnessing significant growth due to the increasing risks of physical injuries in labor-intensive industries. The market is also driven by the expanding distribution channels, both retail and online, which make it more accessible to end-users. However, low employee compliance remains a major challenge for market growth. As industries become more automated, the importance of PPE in ensuring worker safety is becoming increasingly recognized. The market is expected to continue its growth trajectory, driven by these trends and the need to mitigate workplace hazards. The use of advanced materials and technologies in PPE design is also expected to gain traction, offering opportunities for market participants.Overall, the market for personal protective equipment is poised for steady growth, driven by the need to ensure worker safety and prevent workplace injuries.
What will be the Size of the Personal Protective Equipment Market During the Forecast Period?
Request Free SampleThe personal protective equipment (PPE) market encompasses a wide range of solutions designed to safeguard workers from various hazards, including chemical exposure, biohazards, fire, and extreme environments. Driven by a growing safety culture and increasing awareness of workplace injuries, the market is witnessing significant growth. This trend is further fueled by the adoption of sustainable PPE solutions, innovation in safety standards, and certification requirements. Safety training and awareness campaigns are crucial components of the market, with ongoing compliance audits ensuring adherence to OSHA regulations and best practices. The integration of technology, such as AI in safety, remote monitoring, and data-driven safety, is revolutionizing the industry.Key sectors driving market growth include industrial hygiene, emergency response, and first aid. The increasing urbanization and the emergence of new industries present new challenges and opportunities for PPE suppliers. Worker training, ergonomics, and customization are essential to addressing specific hazards and ensuring the well-being of vulnerable workers, including children, the elderly, and those in hazardous industries. Fire safety, disposal, and compliance with safety standards remain top priorities, with a focus on cost-benefit analysis and continuous improvement. The market also caters to public entities, with a growing emphasis on accident prevention and workplace safety training. The integration of technology and a data-driven approach to safety is transforming the industry, enabling better hazard assessment and real-time risk mitigation.
How is this Personal Protective Equipment Industry segmented and which is the largest segment?
The personal protective equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. End-userManufacturingConstructionOil and gasHealthcareOthersProductProtective clothingHand and arm protectionProtective footwearRespiratory protectionOthersGeographyAPACChinaNorth AmericaCanadaUSEuropeGermanyFranceMiddle East and AfricaSouth America
By End-user Insights
The manufacturing segment is estimated to witness significant growth during the forecast period.
Personal protective equipment (PPE) plays a crucial role in safeguarding employees and workers in various industries, particularly manufacturing, from health threats and workplace accidents. The market for PPE is significant, driven by stringent regulations, employee safety concerns, and the need for regulatory compliance. Key players in this industry include private entities, healthcare facilities, and pharmaceuticals, among others. Advanced technology, such as smart sensors and eco-friendly materials, is increasingly incorporated into PPE designs to enhance comfort, chemical resistance, and monitoring capabilities. Product offerings span from protective clothing, such as high-quality fabric gowns and vests, to respiratory protection, including masks, respirators, and full body suits.Industrial safety regulations mandate the use of hard hats, earplugs, safety glasses, and goggles. The market is expanding through portfolio expansion, contract-based manufacturing, and strategic alliances. Logistical issues and distribution network expansion are ongoing challenges. Key PPE categories include medical masks, goggles, gloves, and protective clothing. The market is subject to strict regulations and continuous technological advancements to meet evolving occupational hazards and health and safety standards.
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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.