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The apparel market size has exhibited robust growth, climbing from $655.7 billion in 2023 to $703.11 billion in 2024, marking a compound annual growth rate (CAGR) of 7.2%. This growth in the historic period is attributed to strong economic growth in emerging markets, increased foreign direct investments, a heightened demand for man-made fibers, and technological advancements. Moving forward, the market is set to witness continued expansion, reaching $918.71 billion in 2028, with a CAGR of 6.9%. Growth drivers in the forecast period include increased social media penetration, rising motorcycle sales, the growth of e-commerce, and a surge in demand for sportswear and performance wear. Key trends include adopting blockchain technology for supply chain reliability, leveraging artificial intelligence for trend prediction, and incorporating virtual reality and augmented reality into both physical stores and online platforms to enhance the shopping experience.

The apparel manufacturing market is anticipated to grow, driven by the increasing demand for online shopping. Manufacturers can now reach a larger customer base globally, enhancing the geographical scope of their product sales. In countries like India, the surge in e-commerce portals has significantly boosted the sales of traditional garments. These platforms provide broader exposure to producers who were previously confined to a specific geographical location where the weaving community was situated. The expansion of online shopping is expected to positively impact the apparel manufacturing market by fostering increased sales and market growth.

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What Are The Key Trends That Influence Apparel Market Share Analysis?

Apparel manufacturing companies are investing in computer-controlled embroidery systems to enhance efficiency and reduce operating costs. These systems, which include both single and multi-needle machines, automate the embroidery process by using pre-programmed digital patterns. Single-needle machines require manual thread changes, while multi-needle machines allow automatic color changes. Capable of creating various fabric effects, these machines also support editing and loading designs, generating digitized design files, and monitoring the embroidery process. Major providers of such technology include Richpeace, ZojeDayu, Happy, Unix, and Damei.

Which Market Players Are Driving Growth In The Apparel Market?

Major companies operating in the apparel market report are NIKE, Inc., Adidas AG, PVH Corp., Christian Dior SE, Hanesbrands Inc., VF Corporation, Levi Strauss & Co., Kering S.A., Ralph Lauren Corporation, Samsung C&T Corporation, Aditya Birla Fashion and Retail Limited, Shanshan Group Co., United Arrows, Matsuoka Corp, Heilan Group, Youngor Group, Bosideng Corporation, Fujian Septwolves Industry Co. Ltd., Shimamura, Uniqlo, Nishimatsuya, Me & Mom, Allen Solly, Vipshop, Louis Philippe, Peter England, Van Heusen, Fabindia, Decathlon, Under Armour, H&M, Zara, Primark, Mark & Spencer, Next, MoroZoni, Depo, Lee, Colin’s, Diesel, Wrangler, Rifle, Big Star, Mustang, Guess, Westland, Tommy Hilfiger, Gloria Jeans, LPP SA., Calvin Klein, Zumiez, Converse, Brooks Brothers, Hollister, Aeropostale, American Eagle Outfitters, Abercrombie & Fitch, Old Navy, GAP, Michael Kors, Coach, Gildan Activewear, Houpa, Chanel, Tee Spring, Inc., Azadea Group, Urban Outfitters, Al Bandar Trading Co, MANGO, Osman Jamjoom Group, Truworths Group

How Is The Global Apparel Market Segmented?

The apparel market covered in this report is segmented –

1) By Type: Women’s Wear, Mens Wear, Kids Wear
2) By Fiber: Man-Made Fibers, Cotton Fibers, Animal Based Fibers, Vegetable Based Fibers
3) By Distribution Channel: Offline Sales, Online Sales

Subsegments Covered: Dresses & Skirts, Womens Trousers, Blouses, Womens Jerseys, Sweatshirts & Pullovers, Womens Coats and Jackets, Womens Suits & Ensembles, Womens Blazers, Night & Underwear (Women & Girls), Womens T shirts & Slarlets, Womens Sports & Swimwear, Other Womens Wear, Mens Trousers, Mens Shirts, Mens Jerseys, Sweatshirts & Pullovers, Mens Coats and Jackets, Mens Blazers, Mens Suits, Night & Underwear( Mens and Boys), Mens T shirts & Slarlets, Mens Sports & Swimwear, Other Mens Wear, Infant And Toddler Clothes, Young Children Clothes

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The Apparel Global Market Report 2024 provides an overview of the apparelmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The apparel market forecast analyzes apparel market size, apparel market share, leading competitor and their market positions.

The Table Of Content For The Apparel Market Include

1. Apparel Market Executive Summary
2. Apparel Market Segments
3. Apparel Market Size And Template Market Growth Rate
4.  Key Apparel Market Trends
5. Major Apparel Market Drivers
……
25. Key Mergers And Acquisitions In The Apparel Market
26. Top Apparel Companies
27. Apparel Market Opportunities And Strategies
28. Apparel Market, Conclusions And Recommendations
29. Appendix

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