Press release
Latest Update 2020: Apparel And Leather Products Market By Covid19 Impact Analysis And Top Manufacturers: NIKE Inc , Christian Dior SE, Adidas AG, VF Corp
The Business Research Company
The global apparel and leather products market is expected to decline from $1028.2 billion in 2019 to $1010.7 billion in 2020 at a compound annual growth rate (CAGR) of -1.8%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $1254.2 billion in 2023.
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The apparel and leather products market consists of sales of apparel and leather products by entities (organizations, sole traders and partnerships) that produce apparel, leather and related products. Apparel producers cut and sew (i.e., purchase fabric and cut and sew to make a garment) and/or produce garments by first knitting fabric and then cutting and sewing the fabric into a garment.
The apparel industry has been transforming labor intensive manufacturing facilities into automated production facilities. This has enabled the textile manufacturers to produce at a lower cost. According to a report by Boston Consulting Group (BCG) in 2015, 1.2 million industrial robots are expected to be deployed by 2025, thus indicating rise in automation and robotics technology adoption to improve productivity and reduce production costs.
Apparel And Leather Products Market Segmentation: -
By Type
1. Leather And Allied Products
2. Apparel Manufacturing
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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Apparel And Leather Products Market Characteristics
4. Apparel And Leather Products Market Product Analysis
5. Apparel And Leather Products Market Supply Chain
......
20. Apparel And Leather Products Market Competitive Landscape
21. Key Mergers And Acquisitions In The Apparel And Leather Products Market
22. Market Background: Paper, Plastics, Rubber, Wood And Textile Manufacturing Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
The report covers the trends and market dynamics of the apparel and leather products market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the apparel and leather products market are NIKE Inc; Christian Dior SE; H&M AB; Adidas AG; VF Corp
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About US:
The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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