Garments Market Share, Growth Forecast Global Industry Outlook 2030

The "Garments Market" Report offers a thorough analysis of prominent competitors and their market shares, providing valuable insights into the competitive landscape. Alongside important metrics like sales, revenue, average selling price, and gross margin, the report explores significant growth prospects for industry leaders. Serving as an all-inclusive resource, this research provides a comprehensive overview of the market and its potential for expansion, making it an essential tool for investors and business professionals alike.

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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 billion by 2023.

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

The global garments market can be segmented based on gender and type of product, including women's and girls' apparel, men's and boys' apparel, intimates, hosiery, sports and swimwear, clothing accessories, and others. Women's and men's apparel generates 63.8% of the revenue, with the remaining 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 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 hit stores in a matter of weeks, resulting in the undercutting of specialist players who once led the industry.

The global garments market can also be segmented based on distribution channel, including online and offline. Most of the market is still controlled by brick-and-mortar stores, although the growth rate of offline distribution is meagre. However, the sale of garments online is expected to grow at a significant rate during the forecast period. In North America, 81% of sales in 2018 are expected to be through offline stores.

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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%.

Several companies are making significant contributions to the garments market. Some of the leading players in this space include Gap Inc., H&M, Inditex, Kering, L Brands, LVMH, Nike, Adidas, Calvin Klein, and Burton.

It also discusses market opportunity, CAGR growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, and future forecasts for various regions and/or countries.

North America's market size, Y-O-Y growth, market players analysis, and opportunity outlook are covered in the report, along with Latin America's market size, Y-O-Y growth, market players analysis, and opportunity outlook. The report also covers Europe's market size, Y-O-Y growth, market players analysis, and opportunity outlook for countries such as the U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, and Rest of Europe. Asia-Pacific's market size, Y-O-Y growth, market players analysis, and opportunity outlook are covered as well, along with the Middle East and Africa's market size, Y-O-Y growth, market players analysis, and opportunity outlook for countries such as Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East and Africa.

The global garments market is growing at a steady rate, with a focus on high-end and luxury brands adopting a see-now-buy-now model to appeal to consumers' desire for instant gratification. Reshoring and sustainable production are key strategies for manufacturers, while the market can be segmented by gender and type of product and by distribution channel. Asia-Pacific is currently the dominant garments market, while Latin America is expected to exhibit the highest CAGR during the forecast period.

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Scope of the Report:

The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.

Here are the key highlights of the report:

• Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
• In-depth analysis of the competitive landscape, identifying key trends within the industry.
• Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER's five forces.
• Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
• Guidance provided for new market entrants, assisting them in navigating the industry landscape.
• Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.

Our sample report encompasses the following elements:

• Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
• Research Report of 100+ Pages: The report consists of more than 100 pages, incorporating the latest research findings and insights.
• Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
• Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
• List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
• Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
• Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.

Our most recent research report showcases the thriving expansion of the global Garments Market and offers in-depth insights into the projected market size, share, and revenue until 2030.

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