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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Apparel, Accessories, and Footwear Market Size
The global apparel, accessories, and footwear market reached a value of approximately USD 2098.55 billion in 2023. The market is projected to grow at a CAGR of 6.1% between 2024 and 2032, reaching a value of around USD 3565.53 billion by 2032.
Apparel, Accessories, and Footwear Market Outlook
- Leading fashion retailer and wholesaler ALDO Group and Authentic Brands Group partnered for Hunter in February 2024. The design, manufacture, and distribution of Hunter bag products and small leather goods for men and women in the United States and Canada will be handled by ALDO Group.
- According to the USITC, China's footwear exports to the U.S. in 2022 were valued at USD 13,808 million.
- As per industry reports, nearly 15,000 units manufacture footwear in India. China is the country with the largest installed capacity, surpassing India by 2.8 billion pairs. There are more than 100 modern, fully automated shoe manufacturing facilities in India.
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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