Press release
Rising Textile And Clothing Demand Fuels Robust Growth In The Clothing/Apparel Store Market: A Key Factor Shaping the Future of the Clothing/Apparel Stores Market in 2025
Clothing/Apparel Stores Market Size
Anticipated rise in textile and garment demands should boost the advancement of the apparel/clothing store market. Textiles and garments indicate any material or item created from knitting, felting, or weaving, designed specifically for clothing purposed to guard against heat, cold, or water. The production of fresh materials and other objects from raw components like winter or summer attire, carpets, home textiles, non-woven fabrics, and materials is contingent on textiles and clothes. Clothing/apparel stores showcase these items and sell them to consumers through online or offline modes. For example, the Confederation of Indian Textile Industry (CITI), an Indian trade body symbolizing the textile sector, stated that in July 2023, there was a 4.73 percent growth in the country's textiles and apparel exports, amounting to $2,937.56 million, compared with the same month in the previous year. Consequently, the rising demand for textiles and garments is fostering the apparel/clothing store market's growth.
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What growth opportunities are expected to drive the clothing/apparel stores market's CAGR through 2034?
Recent years have seen robust growth in the size of the clothing/apparel stores market. It is projected to expand from $969.57 billion in 2024 to $1051.67 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.5%. Factors contributing to the growth during the historical period include the emergence of fast fashion, changes in consumer demographics, the influence of social media, the rise of e-commerce, marketing and advertising initiatives, and the prevalence of mall culture.
It is anticipated that the size of the clothing/apparel stores market will experience significant growth in the ensuing years. The value is expected to reach $1381.43 billion by 2029, expanding at a compound annual growth rate (CAGR) of 7.1%. The projected growth during this period can be credited to factors such as sustainability practices, economic recovery, the surge in health and wellness apparel, the popularisation of athleisure, inclusive sizing, and the globalisation of fashion. The forecast period is expected to witness major trends such as subscription and rental services, customization and personalization, fast fashion challenges, direct-to-consumer (DTC) brands, and innovative advancements in retail technology.
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What are the emerging trends shaping the future of the clothing/apparel stores market?
The clothing/apparel store market is seeing a rising trend in product innovations. To establish a stronger presence in the market, top firms in the industry are launching innovative stores. A case in point is 6thStreet.com, an online shopping site based in the UAE, which launched the region's first-ever phygital store dedicated to fashion in September 2022. This cutting-edge technological space blends the convenience of online shopping with an in-store retail experience, ensuring a smooth shopping process for customers. The hybrid store provides customers with the opportunity to explore online collections, make digital purchases, and experience the products in the physical store, integrating the advantages of both realms.
Which growth-oriented segments of the clothing/apparel stores market are leading the industry's development?
The clothing/apparel stores market covered in this report is segmented -
1) By Type: Clothing Or Apparel Stores, Jewelry And Watch Stores, Optical Goods Stores, Footwear Stores
2) By Type Of Store: Exclusive Showroom, Dealer Store
3) By Ownership: Retail Chain, Independent Retailer
4) By End-User: Men, Women, Kids Or Infants
Subsegments:
1) By Clothing Or Apparel Stores: Men's Clothing Stores, Women's Clothing Stores, Children's Clothing Stores, Unisex Clothing Stores
2) By Jewelry And Watch Stores: Fine Jewelry Stores, Costume Jewelry Stores, Watch Retailers
3) By Optical Goods Stores: Eyeglass Retailers, Contact Lens Retailers, Sunglasses Retailers
4) By Footwear Stores: Athletic Footwear Stores, Casual Footwear Stores, Formal Footwear Stores, Specialty Footwear Stores
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What regions are leading the charge in the clothing/apparel stores market?
Europe was the largest region in the clothing/apparel stores market in 2024. The regions covered in the clothing/apparel stores market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the clothing/apparel stores market?
Major companies operating in the clothing/apparel stores market include Christian Dior SE, Nike Inc., Adidas Group, LVMH Moët Hennessy Louis Vuitton, Industria de Diseño Textil S.A., Hennes & Mauritz AB, Phillips-Van Heusen Corporation, Fast Retailing Co Ltd, Gap Inc., Zara International, Platoon Stores Limited, Walmart Inc., Uniqlo Co Ltd., Penney OpCo LLC,Inditex, Bath & Body Works Inc., Vanity Fair Mills, Ralph Lauren Corp, Levi Strauss & Co., Under Armour Inc., American Eagle Outfitters Inc., Abercrombie & Fitch Co., Columbia Sportswear Co., The Children's Place Inc., G-III Apparel Group Ltd., Guess Inc., Perry Ellis International Inc., The Buckle Inc., Chico's FAS Inc., Express Inc., Francesca's Holdings Corp., J. Crew Group Inc., Lands' End Inc., Lululemon Athletica Inc., The TJX Companies Inc., Urban Outfitters Inc., Zumiez Inc., Eddie Bauer LLC
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What Is Covered In The Clothing/Apparel Stores Global Market Report?
• Market Size Forecast: Examine the clothing/apparel stores market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the clothing/apparel stores market for a structured understanding.
• Key Players Overview: Analyze major players in the clothing/apparel stores market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the clothing/apparel stores market.
• Segment Contributions: Evaluate how different segments drive overall growth in the clothing/apparel stores market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the clothing/apparel stores market.
• Industry Challenges: Identify potential risks and obstacles affecting the clothing/apparel stores market.
• Competitive Landscape: Review strategic developments in the clothing/apparel stores market, including expansions, agreements, and new product launches.
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