Global Apparel, Accessories, and Footwear Market to Grow at a CAGR of 6.10% Between 2026 and 2035, Aided by the Rising Demand for Apparel, Accessories, and Footwear from the Online Retail Sector

The market for apparel, accessories, and footwear is being augmented by the growing popularity of e-commerce platforms like Amazon and Walmart, among others. To capitalise on the trend, various brands and online retail platforms are offering immersive shopping experiences by deploying sizing tools, virtual fits, and virtual stylists, among others. The integration of technologies like virtual reality (VR) and augmented reality (AR), among others, enables consumers to virtually try clothing and footwear and reduce return rates are significantly contributing to the growth of the market. Moreover, the growing trend of sustainability is surging the demand for environmental-friendly apparel, accessories, and footwear with reduced utilisation of critical resources like water, which is anticipated to provide impetus to the market growth in the forecast period.

Puma SE (OTCMKTS: PUMSY), one of the leading companies in the market, announced an innovative production process, RE: JERSEY, in March 2022. Through this, the company would use existing football jerseys to manufacture new ones while reducing waste. In the recycling process, garments would be chemically broken down into their main components to create a yarn with the same properties as virgin polyester. RE: JERSEY kits would be made up of 75% repurposed football jerseys while the 25% comes from SEAQUAL MARINE PLASTIC1. Through the project, the company aims to reduce its environmental impact while bolstering the circularity of apparel manufacturing. Moreover, the products developed from the project would be worn on-pitch in the pre-match warm-ups by PUMA Clubs Manchester City, AC Milan, Olympique de Marseille, and Borussia Dortmund. Such initiatives are expected to propel the market for apparel, accessories, and footwear in the forecast period.

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Market Analysis by Type, End User, Distribution Channel, and Region:

• The market, on the basis of type, can be divided into apparel, accessories, and footwear. Apparel is further divided into formal wear, casual wear, and sports wear, among others, while footwear is sub-divided into shoes and slippers, among others.
• Based on end user, the market can be divided into men, women, and kids.
• The distribution channels for apparel, accessories, and footwear include retail stores and online, among others.
• The regional markets for apparel, accessories, and footwear include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The growing focus on speciality markets and the rising demand for high-end apparel, accessories, and footwear in developed markets like the United States and Canada, among others, are invigorating the market growth.
• As clothing is increasingly being assumed as a marker of consumers’ personalities, the market for apparel, accessories, and footwear is witnessing robust growth.
• The market growth of apparel, accessories, and footwear can be attributed to the growing disposable incomes, rising millennial and Gen-Z populations, the increasing internet penetration, and the evolving fashion trends.
• The growing demand for luxury apparel, accessories, and footwear as a symbol of one’s economic and social status in both developing and developed countries is propelling the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for apparel, accessories, and footwear for the periods (2019-2025) and (2026-2035).
• The report also offers the historical (2019-2025) and forecast (2026-2035) markets for the types, end users, distribution channels, and major regions of apparel, accessories, and footwear.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

Top Players:

The major players in the global apparel, accessories, and footwear market are:

• Nike Inc.
• LVMH Moet Hennessy Louis Vuitton SE
• Kering SA
• Adidas AG
• Hermes International S.A.
• PUMA SE
• H&M Group
• ZARA
• Aditya Birla Fashion and Retail Ltd.
• Fung Group
• Newtimes Group
• MGF Sourcing US, LLC
• Sycamore Partners
• Others

The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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