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Garments Market Survey, Insights into the Market Set to Fly High in the Next Decade

As part of the final report, an analysis will be included to examine the effects of the Russia-Ukraine War and COVID-19 on the Global Garments industry. New Industry Report on Global Garments Market Status and Prospects [2023-2030] has been released. The report is 120 pages long and provides an overview of the business with key types and applications along with the industrial chain structure. It includes information about the market, such as development trends, competitive landscape analysis, key regions, and their development status. The report also examines advanced approaches and plans, as well as manufacturing processes and cost structures. It analyzes import/export utilities, market figures, cost, price, revenue, and gross productivity of the market. If you are interested in the report, Please Request A Sample Copy Request to Download Free Sample Copy of ‘Global Garments Market’ Report @ – 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 moving towards a see-now-buy-now model, in order to capitalize on consumers inclination for discretionary expenditure, thereby appealing to their desire for instant gratification. Reshoring (in the United States and Europe) and sustainable production are key strategies of manufacturers who are making significant investments in order to gain higher social acceptance, and to ensure faster deliveries with provisions for customizations. The global garments market can be segmented based on gender and type of product (women’s and girls apparel, men’s and boys apparel, intimates, hosiery, sports and swimwear, clothing accessories, and others), and based on distribution channel (online and offline). Gender and type of product segment insights: Women’s and men’s apparel section generates 63.8% of the revenue, and the rest is 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 the 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 they hit stores in a matter of weeks, resulting in the undercutting of specialist players who once led the industry. Distribution channel segment insights: Most of the market is still controlled by brick and mortar stores, though the growth rate of offline distribution is meagre. However, sale of garments online is expected to grow at a significant rate during the forecast period. In North America, 81% of sales in 2018 is expected to be through offline stores. Regional insights: 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%. Companies covered: 1. Gap Inc. 2. H&M 3. Inditex 4. Kering 5. L Brands 6. LVMH 7. Nike 8. Adidas 9. Calvin Klein 10. Burton Download Free Sample Copy of ‘Global Garments Market’ Report @ – Scope of the Report: The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2032. 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. On June 8th, 2022 , the Bureau of Economic Analysis and U.S. Census Bureau released a report detailing the recovery of the U.S. market and international trade . The report highlighted the significant growth in exports and imports, with exports reaching $300 billion in April 2022, an increase of $13.4 billion, and imports amounting to $294.5 billion, increasing by $17.4 billion . Despite the impact of COVID-19 on the global economy, the U.S. market is showing signs of recovery. However, the Healthcare/ICT/Chemical industries are still feeling the effects of the pandemic, which is creating a large market for Global Garments. As the recovery of the U.S. market continues, there will be a direct impact on these industries, and the demand for Global Garments is likely to increase. The report highlights the need for businesses to stay informed about market trends and adjust their strategies accordingly to take […]

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Daisie Hobson

Daisie Hobson is a Director at the Reshoring Institute and an engineer with many years of experience in manufacturing and project management.

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