Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Saturday, March 2, 2024 · 692,819,066 Articles · 3+ Million Readers

Global Apparel Market to Reach $652.94 Billion in 2023, Fueled by Online Shopping Trends

 Apparel Market Report 2023

Apparel Global Market Report 2023

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The market size of apparel market is expected to grow to $830.69 billion in 2027 at a CAGR of 6.2%.”
— The Business Research Company

LONDON, GREATER LONDON, UK, December 7, 2023 /EINPresswire.com/ -- The global apparel market is poised for substantial growth, with the market size projected to increase from $610.12 billion in 2022 to $652.94 billion in 2023, marking an impressive Compound Annual Growth Rate (CAGR) of 7.0%. the market is anticipated to rebound and achieve a market size of $830.69 billion by 2027, maintaining a CAGR of 6.2%.

Driver: Increasing Demand for Online Shopping
The burgeoning demand for online shopping is identified as a significant driver for the growth of the apparel manufacturing market. Manufacturers can now access a larger customer base through online platforms, expanding their reach geographically. This trend is notably impactful in countries like India, where e-commerce portals have played a crucial role in boosting the sales of traditional garments, providing exposure to producers previously limited to specific regions.

Explore the global apparel market with a detailed sample report:
https://www.thebusinessresearchcompany.com/sample_request?id=2970&type=smp

Major Players in the Apparel Market
Prominent companies shaping the apparel market landscape include Nike Inc., VF Corp, Adidas AG, Hanesbrands Inc., Levi Strauss & Co., Kering SA, Under Armour Inc., Mitsui, Berkshire Hathaway Inc., and Itochu Corp. These key players contribute to industry innovation and offer diverse and appealing apparel options.

Segments of the Global Apparel Market
1. Type:
• Womens Wear
• Mens Wear
• Kids Wear
2. Distribution Channel:
• Retail Stores
• Online Stores
3. Type of Fiber:
• Man-Made Fibers
• Cotton Fibers
• Animal-Based Fibers
• Vegetable-Based Fibers

Regional Insights: Western Europe Leads, Asia-Pacific Follows
Western Europe emerged as the largest region in the apparel market in 2022, with Asia-Pacific securing the second-largest position. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.

Access the complete report for in-depth analysis:
https://www.thebusinessresearchcompany.com/report/apparel-global-market-report

Apparel Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Apparel Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on apparel market size, apparel market drivers and apparel market trends, apparel market major players, apparel market competitors' revenues, market positioning, and market growth across geographies. The apparel market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:
Apparel And Leather Products Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/apparel-and-leather-products-global-market-report

Yarn, Fiber And Thread Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/yarn-fiber-and-thread-manufacturing-global-market-report

Clothing And Clothing Accessories Stores Global Market Report 2023
https://www.thebusinessresearchcompany.com/report/clothing-and-clothing-accessories-stores-global-market-report

About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info

Check out our:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
info@tbrc.info
Visit us on social media:
Facebook
Twitter
LinkedIn
YouTube

Sports Market Growth Forecast 2023-2027

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release