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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Apparel, Accessories, and Footwear Market Share
Cotton material provides versatility, enabling manufacturers to create a wide variety of products suitable for diverse occasions and purposes.
As per the apparel, accessories, and footwear industry analysis, cotton's hypoallergenic properties make it suitable for people with sensitive skin or allergies. This characteristic drives its demand in categories like baby clothing, undergarments, and health-conscious consumer segments.
Synthetic fibres have become integral to modern fashion trends. Their versatility allows designers to create a wide range of styles, from high-fashion garments to everyday wear, contributing to their widespread use and popularity.
The apparel, accessories, and footwear demand growth is propelled by women's increasing presence in the global workforce, resulting in higher disposable incomes and greater expenditures on clothing, accessories, and footwear.
Women are leading the charge towards sustainable and ethical fashion. Brands that offer eco-friendly and ethically produced products are particularly appealing to female consumers, driving growth in these niche segments.
The active lifestyles of children and teenagers require durable and versatile clothing and footwear. The demand for sportswear, casual wear, and footwear designed for various activities contributes to market expansion.
Supermarkets and hypermarkets boost the apparel, accessories, and footwear market revenue by providing convenient access to a wide range of apparel, accessories, and footwear under one roof.
Supermarkets and hypermarkets often run promotional campaigns, seasonal sales, and discount events that attract price-sensitive consumers. These promotions stimulate demand and encourage repeat visits, contributing to apparel, accessories, and footwear demand forecast.
Meanwhile, online retailers offer a vast array of apparel, accessories, and footwear options, catering to diverse tastes, styles, sizes, and preferences. This extensive product range enhances customer choice and satisfaction.
Apparel, Accessories, and Footwear Market Report Snapshots
Apparel, Accessories, and Footwear Market Size
Apparel, Accessories, and Footwear Market Share
Apparel, Accessories, and Footwear Market Growth
Apparel, Accessories, and Footwear Market Trends
Apparel, Accessories, and Footwear Market Analysis
Apparel, Accessories, and Footwear Companies
Apparel, Accessories, and Footwear Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The apparel, accessories, and footwear market was valued at USD 2098.55 billion in 2023.
The market is projected to grow at a CAGR of 6.1% between 2024 and 2032.
The revenue generated from the apparel, accessories, and footwear market is expected to reach USD 3565.53 billion in 2032.
The market is being propelled by the growing fashion awareness and changing preferences of Generation Z, combined with the increasing disposable income and improving living standards in developing nations.
The key trends aiding the market expansion include the growing investments in product marketing, increasing sales through e-commerce platforms, and growing preference for apparel and accessories made from sustainable materials.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The market is categorised according to the material type, which includes cotton, synthetic fibre, leather, cellulosic, and others.
The market key players are Nike Inc., LVMH Moet Hennessy Louis Vuitton SE, Kering SA, Adidas AG, Hermes International S.A., PUMA SE, H&M Group, ZARA, Aditya Birla Fashion and Retail Ltd., Fung Group, Newtimes Group, MGF Sourcing US, LLC, and Sycamore Partners, among others.
The market is categorised according to the type, which includes shirts (casual and formal), trousers (casual and formal), tops and shorts, sleepwear, formal shoes, sports shoes, sandals and flip flops, bags (cross body bags, mini, tote, clutches, wallets), sports and swimwear, winterwear, coats and jackets, and others.
Based on the end user, the market is divided into men, women, kids and teens.
Based on the distribution channel, the market is divided into supermarkets and hypermarkets, convenience stores, speciality stores, online, and others.
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