Apparel Global Market Report 2024 To 2033 | NIKE, Inc., Adidas AG, PVH Corp., Christian Dior SE, Hanesbrands Inc., VF Corporation, Levi Strauss & Co

The Business Research Company recently released a comprehensive report on the Global Apparel Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The apparel market size has grown strongly in recent years. It will grow from $655.7 billion in 2023 to $703.11 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to strong economic growth in emerging markets, rise in foreign direct investments, increased demand for man-made fibers, and technological development.

The apparel market size is expected to see strong growth in the next few years. It will grow to $918.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing penetration of social media, rise in motorcycle sales, growth of e-commerce and growing demand for sportswear and performance wear. Major trends in the forecast period include using blockchain technology for a reliable supply chain and, intellectual property protection, consider using artificial intelligence to predict themes in trending patterns, colors, styles, focus on recycling and upcycling in order to reduce wastage, leveraging the internet of things (iot) in order to provide customers with more innovative products and integrating virtual reality (vr) and augmented reality (ar) technology into their stores and online platforms in order to make the shopping experience more interactive.

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Market Drivers and Trends:

The increasing demand for online shopping is expected to help the apparel manufacturing market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the apparel manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of traditional garments by giving larger exposure to producers who were confined to one geography where the weaving community was located.

Apparel manufacturing companies are investing in computer-controlled embroidery systems to increase efficiency and reduce operating costs. These are sewing-embroidery machines equipped with a computer-controlled system, specifically engineered for efficient embroidery. This industrial and commercial equipment is capable of creating a design automatically on the fabric, from a pre-programmed digital embroidery pattern. There are single needle machines that require manual intervention for thread changing activity, and multi needle sewing-embroidery machines with multiple sewing heads, that require an input sequence for automatic color change. These machines can produce special fabric effects, chain stitch embroidery, sequins, appliqué, cutwork and many others, automatically with the help of inputs specified in digital format. These machines are capable of performing functions such as editing and loading designs, creating digitized design file, monitoring the entire embroidery process. Major Companies providing computerized embroidery machines for efficient apparel manufacturing are Richpeace, ZojeDayu, Happy, Unix, and Damei.

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Major Key Players of the Market:

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

Apparel Market 2024 Key Insights:

• The apparel market size is expected to see strong growth in the next few years. It will grow to $918.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%.
• Role Of Online Shopping In Driving Apparel Manufacturing Market Growth
• Adoption Of Computer-Controlled Embroidery Systems In Apparel Manufacturing
• Western Europe was the largest region in the apparel market in 2023

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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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