Global Garments Market is Estimated to Grow at a CAGR of 4.4% Forecast by 2023 | Top Key Players – Gap Inc., H&M, Inditex, Kering

A recent report by KD market insights titled as "Global Garments Market (2018-2023)" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2023. The study also provides the Garments Market. competitors share and region wise analysis around the globe.

According to KD Market Insights, the global garments market is projected to expand at a compound annual growth rate (CAGR) of 4.4% during the 2018–2023 period, generating revenue worth USD 1910.7 Bn by 2023.

High-end and luxury brands are moving towards a ‘see-now-buy-now’ model, in order to capitalize on consumers’ inclination for discretionary expenditure, thereby appealing to their desire for instant gratification.
Reshoring (in the United States and Europe) and sustainable production are key strategies of manufacturers who are making significant investments in order to gain higher social acceptance, and to ensure faster deliveries with provisions for customizations.

The global garments market can be segmented based on gender and type of product (women’s and girls’ apparel, men’s and boys’ apparel, intimates, hosiery, sports and swimwear, clothing accessories, and others), and based on distribution channel (online and offline).

Request for Sample @ https://www.kdmarketinsights.com/sample/3165

Gender and type of product segment insights:

Women’s and men’s apparel section generates 63.8% of the revenue, and the rest is accounted for by hosiery, sports and swimwear, intimate apparel, and clothing accessories. Garments marketed as fast-fashion designs have a high number of takers, especially in the emerging markets. A rising middle class in emerging markets, along with their improved fashion-consciousness, is driving increased per capita expenditure. Market players are focusing on ensuring that the latest fashion trends can be incorporated into their offerings and they hit stores in a matter of weeks, resulting in the undercutting of specialist players who once led the industry.

Distribution channel segment insights:

Most of the market is still controlled by brick and mortar stores, though the growth rate of offline distribution is meagre. However, sale of garments online is expected to grow at a significant rate during the forecast period. In North America, 81% of sales in 2018 is expected to be through offline stores.

Regional insights:

In 2017, Asia-Pacific was the dominant garments market. During the 2018-2023 period, among all the regions across the globe, Latin America is expected to exhibit the highest CAGR of 6.8%. However, in 2017, in the U.K., revenue contribution from the men’s and boys’ apparel section stood at 24.5%.

Companies covered:
1. Gap Inc.
2. H&M
3. Inditex
4. Kering
5. L Brands
6. LVMH
7. Nike
8. Adidas
9. Calvin Klein
10. Burton

Browse Full Report With TOC@ https://www.kdmarketinsights.com/product/global-garments-market

Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
Chapter 1. Executive summary
1.1. Market scope and segmentation
1.2. Key questions answered
1.3. Executive summary

Chapter 2: Global garments market – overview
2.1. Global market overview - historical (2015–2017) and forecasted (2018–2023) market size (USD Bn), geography-wise market revenue (USD Bn), and market attractiveness analysis
2.2. Global market drivers
2.3. Global market challenges
2.4. Global market trends
2.5. Value chain analysis
2.6. Porter's five forces analysis
2.7. Market segmentation based on product types and gender (women’s and girls’ apparel, men’s and boys’ apparel, intimates, hosiery, sports and swimwear, clothing accessories and others) – historical (2015–2017) and forecasted (2018–2023) market size (USD Bn), and key market observations
2.8. Market segmentation based on distribution channel (online and offline) – historical (2015–2017) and forecasted (2018–2023) market size (USD Bn), and key market observations

Chapter 3: North America garments market
3.1. Regional market overview – historical (2015–2017) and forecasted (2018–2023) market size (USD Bn), and key market observations
3.2. Market segmentation based on product types and gender (women’s and girls’ apparel, men’s and boys’ apparel, intimates, hosiery, sports and swimwear, clothing accessories and others) – historical (2015–2017) and forecasted (2018–2023) market size (USD Bn), and key market observations
3.3. Market segmentation based on distribution channel (online and offline) – historical (2015–2017) and forecasted (2018–2023) market size (USD Bn), and key market observations

Chapter 4: Europe garments market
4.1. Regional market overview – historical (2015–2017) and forecasted (2018–2023) market size (USD Bn), and key market observations
4.2. Market segmentation based on product types and gender (women’s and girls’ apparel, men’s and boys’ apparel, intimates, hosiery, sports and swimwear, clothing accessories and others) – historical (2015–2017) and forecasted (2018–2023) market size (USD Bn), and key market observations
4.3. Market segmentation based on distribution channel (online and offline) – historical (2015–2017) and forecasted (2018–2023) market size (USD Bn), and key market observations
Continue…

Check for Discount@ https://www.kdmarketinsights.com/discount/3165

About KD Market Insights

KD Market Insights has come with the idea of helping business by intelligent decision making and thorough understanding of the industry. We offer a comprehensive database of syndicated research, customized reports as well as consulting services to help a business grow in their respective domain. At KD Market Insights, we offer our client a deep Market research reports accompanied by business consulting services that can help them to reach on top of the corporate world. Our customized reports are built by keeping all factors of the industry in mind.

Contact Us

150 State street, 3rd Floor,
Albany, New York
United states (12207)
Telephone: +1-518-300-1215
Email: - sales@kdmarketinsights.com
Website: - www.kdmarketinsights.com

This release was published on openPR.