Transformative Trends in Apparel Drive Market Growth, Projected CAGR of 4.3% by 2030

A Quick Overview of Apparel Market

The key object of this report on the Apparel Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

According to the latest report, the Global Apparel Market size was valued at around USD 1.34 trillion in 2023 & is projected to reach around USD 1.78 trillion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.3% from 2024 to 2030. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data.

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Market Dynamics:

Driver-

Growing Popularity of Athleisure and Activewear Globally – The apparel market is experiencing sizable growth because of the growing global demand for athleisure and activewear. This fashion has been fueled because the purchasers search for an extra comfortable lifestyle that blends athletic wear with ordinary informal garb. Factors driving this shift consist of an additional emphasis on fitness & health and changes in workplace dress codes towards more relaxed attire. Athleisure's versatility enables individuals to seamlessly transition from workout to social settings without changing outfits, making it attractive throughout various demographics.

The result has been increased demand for top-notch and stylish sports apparel that excels during workouts and fits fashionably outside of athletic contexts. Many people have embraced a more active routine while leaning towards easygoing clothing options. Consequently, there is a growing trend among traditional fashion brands and athletic wear companies like Adidas, Athleta, Asics, and Puma to allocate more resources toward developing fresh materials and creative designs along with marketing tactics to appeal to an expanding customer base. This has subsequently driven the overall growth & expansion of the apparel industry.

Apparel Market Report Segmentation:

The report by MarkNtel Advisors on Apparel Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Type

Formal Wear- Market Size & Forecast 2019-2030, USD Million
Casual Wear- Market Size & Forecast 2019-2030, USD Million
Sportswear- Market Size & Forecast 2019-2030, USD Million
Sleepwear- Market Size & Forecast 2019-2030, USD Million
Others (Party Wear, Swimwear, Ethnic Wear, etc.)- Market Size & Forecast 2019-2030, USD Million

By Fiber Type

Natural Fibers- Market Size & Forecast 2019-2030, USD Million
- Animal Fibers- Market Size & Forecast 2019-2030, USD Million
- Mineral Fibers- Market Size & Forecast 2019-2030, USD Million
- Plant/Vegetable Fibers- Mineral Fibres- Market Size & Forecast 2019-2030, USD Million
Man-made Fibers- Market Size & Forecast 2019-2030, USD Million
- Synthetic Fibers- Market Size & Forecast 2019-2030, USD Million
- Artificial/Regenerated Fibers- Market Size & Forecast 2019-2030, USD Million
- Inorganic Fibers- Market Size & Forecast 2019-2030, USD Million

Man-made fibers, mainly artificial fibers like polyester, nylon, and acrylic, hold the biggest market share. Man-made fibers have emerged as dominant due to numerous key elements, including their easy maintenance, resilience to shrinkage and wrinkles, and durability. The extensive variety of uses for synthetic fibers makes them incredibly flexible, lending themselves to athletic apparel, formal attire, and beyond.

By Distribution Channel

Online Retail- Market Size & Forecast 2019-2030, USD Million
Offline Retail- Market Size & Forecast 2019-2030, USD Million
- Fashion Stores- Market Size & Forecast 2019-2030, USD Million
- Shopping Malls- Market Size & Forecast 2019-2030, USD Million
- Local Retail Stores- Market Size & Forecast 2019-2030, USD Million

By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

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Some of the Top Apparel Companies in the Market

In the fast-changing Apparel Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top players of the industry ruling the industry are:

PVH Corp.
Inditex
Kering SA
LVMH Louis Vuitton Moët Hennessy
Aditya Birla Group
H&M Hennes & Mauritz Retail Pvt. Ltd.
Nike Inc.
ASICS
Puma
Shein
Reliance Retail
Capri Holdings Limited
Apparel Industries
Toray Industries, Inc.
Steve Madden
Others

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