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The Apparel Manufacturing Market size is forecast to increase by USD 119.2 billion, at a CAGR of 4.3% between 2023 and 2028. The market is experiencing significant growth due to several key trends and factors. The expanding e-commerce industry globally is driving market growth, as consumers increasingly prefer the convenience and accessibility of online shopping for apparel. Additionally, there is a rising trend toward sustainable and ethical fashion, with consumers becoming more conscious of the environmental and social impact of their clothing choices. However, fluctuations in the prices of raw materials used in apparel production pose a challenge for manufacturers, as they strive to maintain profitability while meeting evolving consumer demands for quality and affordability. Overall, the market is expected to continue its growth trajectory, driven by these trends and the ongoing shift toward digital and sustainable business models.
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The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The women apparel segment is estimated to witness significant growth during the forecast period. The market encompasses various segments, with women's apparel holding a significant share. This category includes formal, casual, active, and outerwear, catering to diverse fashion trends and preferences. Brands continue to innovate, with Pantaloons, under Aditya Birla Fashion, launching Honey Curvytude, a plus-size clothing line focusing on inclusivity and body positivity. The collection features traditional Ikat weaves on fusion-style dresses, merging cultural heritage and contemporary fashion.
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The women apparel segment was valued at USD 222.80 billion in 2018. Online shopping and e-commerce platforms have revolutionized apparel sales, with luxury apparel and fashion, children's apparel, and athleisure seeing substantial growth. Sustainability is a key trend, with eco-friendly materials like organic cotton and recycled fabrics gaining popularity. Retailers employ advertising strategies, social media, and digital marketing to reach consumers. Fast fashion, minimalist fashion, and premium kids wear are other notable trends. Apparel imports and exports continue to shape the industry, with 3D printing, artificial intelligence, and fashion content shaping the future of apparel manufacturing.
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APAC is estimated to contribute 78% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market is experiencing significant shifts due to the rise of online shopping and e-commerce platforms. Consumers now prefer the convenience of purchasing women's apparel, luxury fashion, and children's clothing online. Fashion trends are rapidly evolving, leading retailers to adopt advertising strategies that leverage social media and digital marketing. The use of eco-friendly materials, such as organic cotton and recycled fabrics, is gaining popularity among consumers, driving demand for sustainable apparel. Traditional ethnic attire and 3D printing are also emerging trends in the industry. Fast fashion continues to dominate the market, but minimalist fashion and premium kids wear are also gaining traction. Apparel imports and exports are expected to increase as global demand for clothing continues to grow. Textile manufacturers are exploring innovative technologies like artificial intelligence and 3D printing to enhance production efficiency and create unique designs. Online sales of sportswear, athleisure, and fashion content are also on the rise, making it an exciting time for the apparel manufacturing industry.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aditya Birla Fashion and Retail Ltd. - The company offers a variety of apparel products under its own brands which includes Louis Philippe, Jaypore, Pantaloons, Marigold Lane, and others.
Technavio provides the ranking index for the top 20 companies along with insights on the market positioning of:
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Market structure |
Fragmented |
YoY growth 2023-2024 |
4.0 |
The market is experiencing significant growth due to the increasing popularity of online shopping and e-commerce platforms. Women's apparel, including fashion trends such as eco-friendly materials like organic cotton and recycled fabrics, are driving demand in the market. Luxury fashion continues to be a key segment, with advertising strategies focusing on social media and digital marketing to reach consumers. Textile production and garment exports remain important aspects of the industry, with a shift towards sustainable and ethical manufacturing practices. Fast fashion and athleisure continue to be popular categories, while minimalist fashion and traditional ethnic attire are also gaining traction. Innovations in technology, such as 3D printing and artificial intelligence, are transforming the way apparel is designed and produced. Direct-to-consumer (D2C) models and online sales are becoming increasingly prevalent, allowing brands to connect directly with consumers and offer personalized fashion preferences. Overall, the apparel market is expected to continue growing, driven by changing consumer preferences and advancements in technology. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing e-commerce industry globally is notably driving market growth. The market is experiencing significant growth, driven by the increasing popularity of online shopping and e-commerce platforms. In 2023, e-commerce marketplaces emerged as the go-to destination for consumers initiating product searches, with women's apparel, luxury fashion, and children's clothing being among the top categories. This shift towards digital shopping is attributed to the convenience, variety, and accessibility offered by e-commerce. Fashion trends continue to influence consumer preferences, with a focus on eco-friendly materials such as organic cotton and recycled fabrics.
Advertising strategies have evolved, with social media and digital marketing playing a crucial role. Traditional ethnic attire, 3D printing, artificial intelligence, and fast fashion are also shaping the apparel industry. Retailers are embracing direct-to-consumer (D2C) models, while apparel imports and exports continue to play a significant role in the global market. Sportswear, athleisure, minimalist fashion, and premium kids wear are among the key segments experiencing growth. The apparel manufacturing sector is adapting to these trends to cater to evolving consumer demands. Thus, such factors are driving the growth of the market during the forecast period.
The shift toward sustainable and ethical fashion is the key trend in the market. The market is experiencing a notable transition towards sustainable and ethical fashion, with consumer consciousness and industry efforts playing pivotal roles. Online shopping and e-commerce platforms are increasingly popular, influencing fashion trends and driving demand for women's apparel, luxury fashion, and children's apparel.
Advertising strategies are evolving, with a focus on digital marketing, social media, and fashion content. Eco-friendly materials, such as organic cotton and recycled fabrics, are gaining popularity. Fast fashion, minimalist fashion, premium kids wear, and athleisure continue to dominate the market. Textile and garment exports and imports are significant contributors to the apparel industry's growth. Traditional ethnic attire, 3D printing, and artificial intelligence are emerging trends. Retailers are adopting direct-to-consumer (D2C) models and implementing sustainable practices to cater to evolving fashion preferences. Thus, such trends will shape the growth of the market during the forecast period.
Fluctuations in prices of raw materials used in apparel production is the major challenge that affects the growth of the market. The market is experiencing turbulence due to the unpredictability of raw material prices. For instance, since the beginning of 2024, cotton prices have experienced a substantial increase of over 15% globally and over 75% domestically, as reported by The Southern India Mills Association (SIMA). This price rise poses a significant challenge for apparel manufacturers, as it disrupts their cost structure and leads to increased production costs. Additionally, in Q2 2024, Polyester Staple Fiber (PSF) prices in the APAC region saw a notable rise. This increase was influenced by various market dynamics, including e-commerce and online shopping trends, luxury fashion, and fashion trends favoring eco-friendly materials such as organic cotton and recycled fabrics. In response, apparel companies are adopting Direct-to-Consumer (D2C) strategies, leveraging social media for advertising and marketing, and incorporating fashion content into their digital marketing efforts.
Retailers are also focusing on women's fashion, children's apparel, athleisure, minimalist fashion, premium kids wear, and sportswear to cater to evolving consumer preferences. Amidst these changes, traditional ethnic attire and 3D printing are emerging trends in the apparel industry. Furthermore, artificial intelligence and fashion content are being used to enhance the shopping experience for consumers. Despite these challenges, apparel imports and exports continue to play a crucial role in the market. Hence, the above factors will impede the growth of the market during the forecast period
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
The market is experiencing significant growth due to the increasing popularity of online shopping and e-commerce. Women's apparel, including fashion trends, remains a key segment, with retailers focusing on advertising strategies that resonate with consumers' fashion preferences. The use of eco-friendly materials, such as organic cotton and recycled fabrics, is gaining traction as consumers become more conscious of their environmental impact. Textile production plays a crucial role in the apparel industry, with countries like China, India, and Bangladesh leading in apparel exports. The demand for clothing continues to rise, driven by the increasing popularity of fast fashion, luxury, and traditional ethnic attire.
Technology is also transforming the industry, with innovations like 3D printing, artificial intelligence, and digital marketing shaping the future of apparel manufacturing. Direct-to-consumer (D2C) sales are on the rise, with social media playing a significant role in marketing and brand building. Sustainability and ethical production are becoming important considerations for consumers, leading to a growing demand for clothing made from eco-friendly materials. Other trends include the increasing popularity of athleisure, minimalist fashion, premium kids wear, and fashion content. Apparel imports and exports continue to be significant contributors to the global economy, with countries focusing on building strong supply chains and partnerships to meet the growing demand.
Market Scope |
|
Report Coverage |
Details |
Page number |
210 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.3% |
Market growth 2024-2028 |
USD 119.2 billion |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 78% |
Key countries |
China, Bangladesh, Italy, Germany, India, Vietnam, Indonesia, Pakistan, Mexico, and Turkey |
Competitive landscape |
Leading Companies, market research and growth, market report, market forecast, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aditya Birla Fashion and Retail Ltd., Arvind Ltd., Asian Apparels Ltd., Beximco Apparels Ltd., Crystal International Group Ltd, Epyllion Group., Fakir Apparels Ltd., Gokaldas Exports Ltd., Hongyu Apparel, Jay Dee Exports, Jiangsu Lianfa Textile Co., Ltd., Kitex Garments Ltd, KPR Mill Ltd., LUEN THAI HOLDINGS LTD, MAS Holdings Pvt. Ltd., Plummy Fashions Ltd, Reliance Industries Ltd., Shahi Exports Pvt. Ltd, Vardhman Textile Ltd., and Youngor Group Co., Ltd. |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, AI impact on market trends, COVID -19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Technavio Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Product
9 Market Segmentation by Type
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
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