The global apparel and textile industry supply chain is in need of a complete reset if it is to survive beyond the Covid-19 pandemic, and this could mean changing to a demand driven calendar, embracing 'smartification', and distributing margin differently, industry experts have said. The textile and apparel industries contribute significantly towards the national economy of many countries ( Jones, 2006; Dicken, 2003 ). The market is expected to grow to $843.13 . In 2013, the global apparel market size was at just under $1.5 trillion. Contact Get in touch with us. McKinsey predicts that the apparel industry will grow 3.5-4.5% in 2018. Noticeably, IT jobs accounted for a 9.77% share of the global apparel industry's hiring activity in November 2021, up 0.63% over the last three-month average share. The State of Fashion is now the largest and most authoritative overview of the industry, surveying more than 275 global fashion executives (approximately 30 percent more than last year) and interviewing thought leaders and pioneers. The global women's apparel market is set to reach USD 680.17 billion by 2024, with a CAGR of 4.0% duting the forecast period of 2017-2025. Global Apparel Manufacturing Market, 2014 - 2022, Historic And Forecast, By Region August 28, 2018 Jonathan Vatner Alumni, Alumni Home, FIT + Industry Home, Sustainability. The market is expected to grow to $843.13 . Particularly notable is the steady decline in the U.S. share of global apparel imports, which fell from a peak of 32.1% in 2000 to 22% in 2008, and Japan's drop from 11.5% in 1995 to 6.9% in 2008. The global apparel market is expected to grow from $551.36 billion in 2021 to $605.4 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The Global Running Apparel market report is a comprehensive analysis of the industry, market, and key players. Yet, it will take several years to recover all revenue lost to the pandemic with recovery being sporadic across different markets and regions. The global apparel market is expected to grow from $551.36 billion in 2021 to $605.4 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The global apparel market is expected to grow from $551.36 billion in 2021 to $605.4 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The market is expected to grow to $843.13 . However, the industry, as a business, is much broader and includes not only clothing, footwear and accessories, but the natural textiles and man-made fabrics from which they are produced, as well as manufacturing, importing and exporting, marketing and promotion, wholesale distribution . By 2025, that figure is expected to reach $195 billion. Global Apparel Manufacturing Market, 2018, By Region, Value ($ Billion) 9.2. Statistics: Global Apparel Market 2021-2026; WTO Reports World Textiles and Apparel Trade in 2020; Outlook for China's Textile and Apparel Industry (2021-2025) State of U.S. Read More. To help you win in this competitive and rapidly changing market, we provide the broadest and deepest global view of the apparel industry based on best-in-class point-of-sale (POS) and consumer data. 2016 was not a banner year for the global apparel and footwear industry, but it could have been much worse. A number of trends, driven by advances in digital tools and technologies, are coalescing to transform the apparel-industry landscape. Jan 14, 2022 Revenue generated by the global apparel market is steadily increasing over the course of the observed time period. The sports apparel market was valued at $167.7 billion in 2018 and is estimated to reach $248.1 billion by 2026, registering a CAGR of 5.1% from 2019 to 2026. Fashion is a highly sophisticated, $2.5 trillion global industry. Enquire about COVID-19 updates for this report. The market is expected to grow to $843.13 . The fashion industry is accountable for 8%-10% of overall greenhouse gas emissions. The expected size of the industry in 2025: $200 billion. Z O.O., AKTSIONERNOE OBSHCHESTVO PROIZVODSTVENNO-TEKHNOLOGICHESKAYA KOMPANIYA MODERAM and ARW. Readers learn how leading apparel and footwear brands and retailers attempt . (ResearchAndMarkets) The global fashion ecommerce industry declined 8.6% in 2020, down from $531 billion in 2019 to $485 billion, largely due to the pandemic. Global Sports Apparel market is estimated to witness a CAGR of 4.11% during the forecast period (2021 - 2026). Collaboration in the apparel industry goes well beyond Kate Moss teaming up with Topshop. India's CAGR from 2020-2025 for apparel and footwear industries is estimated to grow by 16 percent. Consumers generally consider the global fashion industry to be the retail sale of apparel around the world. There are about 305,000 firms currently active in the global apparel manufacturing industry. ADIDAS POLAND SP. (Statista) This marks significant growth over the past decade or so. Clothing industry or garment industry summarizes the types of trade and industry along the production and value chain of clothing and garments, starting with the textile industry (producers of cotton, wool, fur, and synthetic fibre), embellishment using embroidery, via the fashion industry to apparel retailers up to trade with second-hand clothes and textile recycling. This marks significant growth over the past decade or so. Increasing demand for apparel from the fashion industry coupled with the growth of e-commerce platforms is expected to drive the market growth over the forecast period. The global fast fashion market witnessed a -12.32% decline in 2020. The apparel industry's overall hiring activity declined 7.14% when compared with October 2021. In the United States alone, consumers spent nearly $380 billion on apparel and footwear in 2017. 2012-2015 has seen some of the largest garment industry disasters on global record: the Ali Enterprises fire in Pakistan in September 2012, the Tazreen Fashions fire in Bangladesh in November 2012, the Rana Plaza building collapse in Bangladesh in April 2013, and the Kentex factory fire in the Philippines in May 2015. The market is expected to recover by 2023 and reach $38.2 billion. A year ago, researchers from Cornell's New Conversation Project and the International Labour Organization produced a research brief on COVID-19 impacts on the Asian apparel industry that traced the short-term impacts for workers, suppliers and apparel buyers, and noted the damage wrought by the collapse of global apparel trade in the first half of 2020. In spite of the technical advancements, the apparel industry still remains as a labour-intensive unit. When it comes to this industry, fortune will favor . The global apparel revenue in 2022 represents a 10.59 percent year-over-year . To help you win in this competitive and rapidly changing market, we provide the broadest and deepest global view of the apparel industry based on best-in-class point-of-sale (POS) and consumer data. #1 According to industry estimates, the world's apparel retail market is expected to enjoy a 7.6-8.6 percent growth 2021-2022. The global apparel market was on a steady rise in 2019, according to Statista. 2. With the globalization of apparel production, competition between the leading firms in the industry has intensified as each type of lead firm has developed extensive global sourcing capabilities. This increased participation has led to a change . The latest global apparel industry statistics show that revenue from the apparel market is expected to exceed $1.7 trillion in 2022. Global Apparel Market Size, Share & Trends Analysis Report by Apparel Type (Men's Wear, Women's Wear, and Kid's Wear), By Distribution Channel (Online Distribution Channel and Offline Distribution Channel), Impact of COVID-19 on Global Apparel Industry, and Forecast 2019-2025. The global apparel and footwear market reached $1.9 trillion in retail sales in 2019, according to the apparel industry statistics. Global Fashion Industry Statistics. The European Apparel and Textile Confederation (Euratex) and apparel industry expert Robert Antoshak tell Just Style exclusively that Russia's aggression towards Ukraine could lead to increased costs for the global apparel industry. This report covers activities such as clothes, clothing, fashion, fabric, shop and includes a wealth of information on the financial trends over the . But while well intentioned, many of these reports about child labor and sweatshop practices rely on stereotypes of how Third World factories operate, ignoring the complex economic dynamics driving the global apparel industry.To dispel these misunderstandings, Jane L . More clothing is being produced-and and . Chapters include step-by-step global sourcing procedures and explore the theoretical, political, economic, social, and environmental . Outside of the top 9 consumers in the apparel industry, the rest of the world only contributes $75 billion to the industry. The International fashion market is a leading industry well known for key players, such as Inditex, LVMH, H&M, Nike, VF Corporation, Richemont . Projections ahead of COVID-19 forecasted that population growth, rising levels of disposable income and rapid . The global apparel industry was valued at $1,449.0 billion in 2018, registering a growth of 4.6 percent in comparison to the last year. IBISWorld's statistic shows that as of 2022 the market size of the Global Apparel Manufacturing industry is $861.5bn an increase of 4.33% from 2021. Global apparel and footwear industries will rebound in 2021. The global apparel market is expected to grow from $551.36 billion in 2021 to $605.4 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. Global Winter Sports Apparel Market Trends 2022 Industry Recent Developments and Latest Technology, Size-Share, Future Growth, Supply-Demand Scenario, Forecast Research Report 2028 Published . According to IBISWorld, the global apparel industry market is worth $825.7 billion in 2021. The latest global apparel industry statistics show that revenue from the apparel market is expected to exceed $1.7 trillion in 2022. Reasons to Purchase. This is the FashionUnited page with Facts and Figures about the global and US fashion industry. Womenswear is the best-selling apparel category globally. In 2021, revenue of this market was approximately 1.55 trillion U.S.. The market is expected to grow to $843.13 . The Global Apparel and Footwear Market is segmented into two broad. Continue reading for the fashion industry's growth rate and other global fashion industry . However, that won't be evenly split across fashion players. The report has covered the market by demand and supply-side by segments. Since 2013, the industry has been growing at an annual average rate of 4.6%. As Per Global Report, China is the Top largest textile apparel producing and exporting nation in the globe and Chinese textile industry has become Leading exporter in the world. We also offer analytic solutions such as new product forecasting, segmentation, price and promotion evaluation, market forecasting, and more. Global fashion industry statistics - International apparel Global General data Value of the global fashion industry: 3,000 billion dollars (3 trillion dollars), 2 percent of the world's Gross Domestic Product (GDP) Fashion Companies To cater to the large, 3,000 billion, textile and garment industry new companies are entering the market daily. In 2013, the global apparel market size was at just under $1.5 trillion. Industry market research reports, statistics, analysis, data, trends and forecasts. The global apparel revenue in 2022 represents a 10.59 percent year-over-year . These trends include the increasing impact of social influencers, faster fashion, higher discounting, more direct-to-consumer moves and global expansion by brands, and (of course) increasing e-commerce. Global Running Apparel Market size is expected to reach nearly USD 503.57 MN by 2026 with the CAGR of 6% through the forecast period. The global textiles and apparel industry market had a retail market value of $1.9 trillion in 2019 and is projected by Boston Consulting Group to reach $3.3 trillion in 2030, growing at a compound annual growth rate of 3.5%. Clothing industry or garment industry summarizes the types of trade and industry along the production and value chain of clothing and garments, starting with the textile industry (producers of cotton, wool, fur, and synthetic fibre), embellishment using embroidery, via the fashion industry to apparel retailers up to trade with second-hand clothes and textile recycling. China leads the rankings for the highest value of apparel exports. Apparel, Fashion & Luxury. Footwear Manufacturers (GLOBAL) - Industry Report. France, Italy, Netherlands, Spain, and Germany have thousand plus textile clothing industry and its total 32.1 % contribution in textile exporter market in the world. We are a worldwide resource for high quality used textiles, consignment inventory, shoes and accessories, as well as used hard toys, used soft toys and recycled industrial wiping rags, with buyers in more than 40 countries. The EU, the United States, and China have the largest apparel markets. Textile and Apparel Manufacturing: Output, Employment, and Trade (Updated March 2022) About FASH455; Wage Level for Garment Workers in the World (updated in 2017) According to a recent market report listed on Research and Markets, the global apparel industry reached a value of nearly $758.4 billion in 2018, having grown at an impressive compound annual growth rate of 7.5% from 2014, and is expected to grow with a even higher CAGR of 11.8% to nearly $1,182.9 billion by 2022. The fashion industry, which relies heavily on fossil fuels for production of polyester fabrics, accounts for 10% of global carbon dioxide emissions. Social Responsibility in the Global Apparel Industry combines an introduction to social and environmental issues in apparel manufacturing with an analysis of how corporate strategy and decisions made throughout the global supply chain can increase social responsibility. The global apparel retail industry had total revenues of $1,467.7bn in 2018, representing a compound annual growth rate (CAGR) of 4.1% between 2014 and 2018. In 2013, dozens of American and European fashion firms were producing garments at the Rana Plaza factory in Bangladesh when it collapsed, killing more than 1,100 workers and . The current market size of the apparel industry in India today: $45 billion. The combination of today's volatility, changing growth areas, and new technologies disrupting the global economy have given way to a more . Sales rose 3.8% worldwide to $1.67 trillion, according to new figures from research firm . Apparel production is considered an important catalyst for national development, and often it is the typical starter industry for countries engaged in export-oriented industrialization due to its low fixed costs and emphasis on labor-intensive manufacturing. Global Apparel Manufacturing industry statistics Global Sourcing in the Textile and Apparel Industry, 2nd Edition examines this crucial function in the textile and apparel industries, providing practical insight into both how and why global sourcing is pursued. Global Apparel Retail Industry Almanac 2021: Market had Total Revenues of $1,206.2 Billion in 2020 with a CAGR of -2.2% - Market Summary, Competitive Analysis and Forecast to 2025 . The fast fashion industry declined by 12% in 2020, decreasing from $35.8 billion in 2019 to $31.4 billion. Vianny. Ethical Threads: Behind the Global Apparel Industry's Push for Human Rights. It's no surprise that countries like China, Russia and the United States are dominant players in the lucrative $2.5 trillion global fashion industry, however, many regions are emerging every day in the market. in a number of developing countries that are participants in the global apparel industry. We also offer analytic solutions such as new product forecasting, segmentation, price and promotion evaluation, market forecasting, and more. Sustainable and innovative in the garment industry. One of the major global concerns in apparel production is rising labour cost. The online fashion industry growth rate is expected to reach a total market size of $991.64 billion by the end of 2024. Although the apparel industry is global in nature, the manufacturing facilities from developed countries are shifting to developing countries to reduce the labour cost ( Bheda et al., 2003 ). Global exports of apparel which was 108 billion USD in 1990, increased drastically to 453 billion USD in 2004, which is a positive of 138% increase during the last 14 years. At the onset of the current recession, global apparel imports increased by nearly 7% ($22.3 billion) between 2007 and 2008. Our pioneering expertise and global network enable our apparel, fashion, and luxury clients clients to drive change and flourish in a fast moving and unpredictable industry. Rising per capita income, favorable demographics, and a shift in preference to branded products are projected to drive the demand for the market. Whether it's logistics, omnichannel, loyalty, or personalization, fashion brands are investing in innovation that will keep them ahead of their competitors. Global Fast Fashion Apparel Market 2022 With Industry Top Players (Inditex, H&M Group, Fast Retailing, GAP), Growth Factors, Size, Share, Development Strategy, Trends and Forecast 2028 Published . Global sourcing, Jane Collins has found, is not simply a cost-driven corporate decision but is a political economic process shaped by an array of social, political, and international institutions, resulting in varying degrees of . Overview The Apparel industry has been used as a stepping stone by countries to pursue export-oriented industrialization across the globe since the 1970's. It is a labor intensive global industry with its production bases mostly concentrated in Asia, mainly in China, the South Asian Region (SAR) and the South East Asian Region (SEAR). Americans have been shocked by media reports of the dismal working conditions in factories that make clothing for U.S. companies. In 2018, the men end user segment accounted for more than half of the share in the total sports apparel market, and is expected to grow at a CAGR of 4.6% throughout the forecast period. 18. The U.S. is second only to the EU in the value of apparel imports. 1 . (IBIS World) #2. Global Apparel Manufacturing trends (2016-2021) Global Apparel Manufacturing industry outlook (2021-2026) poll Average industry growth 2021-2026: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. The global apparel market is expected to decline from $672.3 billion in 2019 to $659.7 billion in 2020 at a compound annual growth rate (CAGR) of -1.9%. The decline is mainly due to economic . Forward-thinking brands co-create by working together with competitors and social entrepreneurs to design . In contrast, the market research firm IBISWorld takes a milder stance in its report Global . Growth of the global apparel market is expected to remain. The market is expected to grow to $843.13 . The womenswear segment was the industry's most lucrative in 2018, with total revenues of $771.5bn, equivalent to 52.6% of the industry's overall value. The industry, which encompasses everything from textile and apparel brands to wholesalers, importers and retailers, employs more than 1.8 million people in the United States. "This is a thoughtful and engaging book on the labor process and labor politics of the global apparel industry. Rising health and self-consciousness, desire to lead active lifestyles and to appear fit, is encouraging consumers to incorporate sports and fitness activities into their daily routine. Global Apparel and Textile add value to our customers through providing quality products and exceptionally innovative solutions for their supply chain For factu and figures of the fashion industry in other countries and regions, refer to the links below. Traditionally, the apparel-manufacturing process has been performed by production workers who perform the cutting, sewing and other operations in an assembly line. The report provides market trends, size, sharem demand and growth analysis along with competitive assessment and forecast. The global apparel market is expected to grow from $551.36 billion in 2021 to $605.4 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. Apparel Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global apparel market as it emerges from the COVID-19 shut down. The global apparel market is expected to grow from $551.36 billion in 2021 to $605.4 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. By Laura Husband. Global apparel manufacturing is an industry that currently brings in revenues of $658 billion. The Global Apparel and Footwear Market can be segregated based on type, product type, end-user, distribution channels, and region. The apparel industry is identified as a buyer-driven value chain that contains three types of lead firms: retailers, marketers and branded manufacturers. The apparel supply chain is global, comprised of millions of small, medium and large manufacturers in every region of the world, all operating under pressure to hold down costs, innovate products and deliver on tight deadlines. 19. However, the annual growth rate will slow down to 4.0-5.7 percent during 2022-2024 and down further to 3.8-4.6 percent during 2025-2026. Q: What is the market size of the fashion industry? The global textile market size was valued at USD 993.6 billion in 2021 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.0% from 2022 to 2030. DUBLIN, May 11, 2020 /PRNewswire/ -- The "Impact of COVID 19 on the Apparel Market" report has been added to ResearchAndMarkets.com's offering. Global Clothing Industries LLC is one of the largest, most reliable wholesale used clothing suppliers in the World. What does the future hold for the apparel industry in 2021 and 2022? Industry leaders. Knitted garment manufacturer with production facilities. They are responsible for the direct employment of about 10.7 . Fashion industry statistics confirm the global apparel market should reach $635.17 billion in 2021. We are happy to help. After "one of the most challenging years for the fashion industry on record," McKinsey & Company's report The State of Fashion 2021 expects tough conditions to persist with "high levels of bankruptcies, store closures, and job cuts.". We also highlight the ten trends that will define the fashion agenda in 2019 (interactive). What is the market size of the Global Apparel Manufacturing industry? The global apparel industry market generated. The global apparel market is anticipated to record a CAGR of 5.5% during the forecast period (2020-2025). Apr 01, 2022 | USD . 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