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The global readymade garments industry is likely to be driven by the changing fashion trends across the work. People’s outfit adds to their personality and makes them feel presentable. However, these fashion trends tend to change quite often. To cope with the changing trends, people are likely to generate significant demand for readymade garments which are easily available, diversified, and are cost-effective and attractive. To cope with the changing trends, the major manufacturers have provided consumers with diversified options.
The Asia Pacific region is expected to account for a significant share in the market, owing to the thriving fashion and clothing industry, rising disposable income, technological advancements in the textile industry and rising awareness among people about the diversified fashionable clothing options. In addition, the growing digitalisation in the country will further aid the market growth, owing to the growing demand for online clothing.
The emerging trend of antiviral fabrics is likely to be a key trend in the market. The introduction of antiviral fabric is a fallout of the growing concerns about the safety and security of the consumers, especially after the COVID-19 outbreak. Luxury brands such as Saint Laurent, Heiq plc (LON: HEIQ), and Zodiac Clothing Company Ltd. (NSE: ZODIACLOTH) are some of the major companies which have developed antiviral fabrics, which are widely getting used in the making of readymade garments.
Market Breakup by Product Types, Applications, Fabric Types, Gender, Distribution Channels, and Region:
Key Findings of the Report:
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The major players in the global readymade garments industry are Louis Vuitton Malletier SAS, Nike, Inc., The Gap, Inc., VF Corporation, Hennes & Mauritz AB, Zara, and Hanesbrands Inc., among 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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