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Apparel Market - Growth, Trends and Forecasts (2020-2025)

  • ID: 5012478
  • Report
  • June 2020
  • Region: Global
  • 115 pages
  • Mordor Intelligence
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  • Adidas AG
  • Aditya Birla Group
  • Hennes & Mauritz AB
  • Inditex
  • Kering SA
  • LVMH
  • MORE
The global apparel market is anticipated to record a CAGR of 5.5% during the forecast period (2020-2025).
  • Rising per capita income, favorable demographics, and a shift in preference to branded products are projected to drive the demand for the market.
  • The adoption of luxury lifestyle among consumers has influenced the purchasing power to opt for luxury wears among millennials. The increasing fashion trends, coupled with the evolving retail landscape across brands, have been the key factor for the booming apparel market, despite being a matured market.
  • As competition is steep, apparel companies often create alliances to present a stronger front. Successful advertising strategies and concentration in specialized markets help in allowing apparel companies to generate increased revenue.
Key Market Trends

Growing Inclination toward Online Sales

Online apparel sales have seen a boom over the recent years as consumers have gradually become more comfortable making wardrobe purchases from their computers and handheld devices. The growth in online apparel sales is mainly attributed to web-only startups. A boosted exposure to the internet and e-commerce has improved the fashion consciousness and availability of high-end brands and limited edition products. Using influencers has made an impact on how beauty companies market their products and look to increase sales. With 71% of social media marketers reporting that they have an influencer marketing budget, it is clear to see that marketers are finding value in influencers.

North America Holds a Prominent Share

North America is among the major markets for apparel. Canadian apparel manufacturing firms have increasingly moved toward niche markets, designing and producing high-end clothing, as well as specialty and high R&D garments, including performance apparel, such as sportswear and protective clothing. Some large firms that have off-shored their apparel production to control costs are also operating short-run and replenishment facilities in the region in order to respond to the fast-changing trends in the retail industry and to produce high-end apparel. To remain competitive in the global market, leading apparel manufacturers are adopting new technologies and automation throughout the supply chain. Digital technology adoption is increasing in the sector, which includes the development of an omnichannel or multichannel approach to sales.

Competitive Landscape

The global apparel market is a fragmented market with the presence of various major and smaller players in the market. The market in the developing regions has a strong unorganized market offering a wide array of products. The outspread distribution network of global brands has an influence in the international markets but faces a steep competition at the hands of local manufacturers with respect to regional fashion preferences and prices. Some of the major players in the market are PVH Corp., Kering S.A, LVMH, and Inditex.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
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Note: Product cover images may vary from those shown
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  • Adidas AG
  • Aditya Birla Group
  • Hennes & Mauritz AB
  • Inditex
  • Kering SA
  • LVMH
  • MORE
1.1 Study Deliverables and Assumptions
1.2 Scope of the Study


3.1 Market Overview

4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry

5.1 By End User
5.1.1 Men
5.1.2 Women
5.1.3 Kids
5.2 By Type
5.2.1 Formal Wear
5.2.2 Casual Wear
5.2.3 Sports Wear
5.2.4 Night Wear
5.2.5 Other Types
5.3 Geography
5.3.1 North America United States Canada Mexico Rest of North America
5.3.2 Europe Spain United Kingdom Germany France Italy Russia Rest of Europe
5.3.3 Asia-Pacific China Japan India Australia Rest of Asia-Pacific
5.3.4 South America Brazil Argentina Rest of South America
5.3.5 Middle East & Africa Saudi Arabia South Africa Rest of Middle East & Africa

6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 PVH Corp.
6.4.2 Inditex
6.4.3 Kering SA
6.4.4 LVMH
6.4.5 Aditya Birla Group
6.4.6 Hennes & Mauritz AB
6.4.7 Nike Inc.
6.4.8 Adidas AG

Note: Product cover images may vary from those shown
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  • PVH Corp.
  • Inditex
  • Kering SA
  • LVMH
  • Aditya Birla Group
  • Hennes & Mauritz AB
  • Nike Inc.
  • Adidas AG
Note: Product cover images may vary from those shown
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