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The global apparel, accessories, and footwear market size was approximately USD 2098.55 billion in 2023. The market is assessed to grow at a CAGR of 6.1% between 2024 and 2032, reaching a value of USD 3565.53 billion by 2032.
Apparel, accessories, and footwear encompasses clothing, adornments, and footwear products. These products are worn by people for both functional and aesthetic purposes, protecting them from surrounding elements while also expressing personal style and cultural identity. Apparel and footwear are usually designed for different events or activities, such as sports, formal gatherings, and casual settings. Meanwhile, accessories are complementary items like bags that are worn with clothing to complete an outfit and enhance personal style.
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Based on product type, the market is segmented into shirt (casual and formal), trouser (casual and formal), top and shorts, sleepwear, formal shoes, sports shoes, sandals and flip flops, bags (cross body bags, mini, tote, clutches, wallets), sports and swimwear, winterwear, and coats and jackets, among others. On the basis of material type, the market can be divided into cotton, synthetic fibre, leather, and cellulosics, among others.
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The apparel, accessories, and footwear market segmentation, based on end user, includes men, women, and kids and teens. Based on distribution channel, the market can be divided into supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.
The major regional markets for apparel, accessories, and footwear include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global apparel, accessories, and footwear market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
According to the global apparel, accessories, and footwear market analysis, cotton is expected to hold a significant position in the market owing to the material’s biodegradability, which aligns with the rising focus of consumers and manufacturers on sustainability, making it a popular choice among environmentally conscious consumers.
Aside from its eco-friendly quality, a combination of desirable characteristics, such as durability, exceptional comfort, abrasion resistance, and heat conduction make it one of the most widely used fabrics. Furthermore, its natural fibres are breathable and hypoallergenic, making it an ideal material for a wide variety of clothing.
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The Asia Pacific accounts for the majority of apparel, accessories, and footwear market share. The market growth in the region can be attributed to the increasing consumer disposable income and rising fashion awareness. The rapid urbanisation and increasing penetration of social media have led to shifts in lifestyle and fashion preferences, with urban dwellers seeking stylish and versatile attire to match their dynamic routines. Furthermore, platforms like Instagram and Pinterest provide users with a constant stream of fashion inspiration, impacting the demand for well-curated outfits.
Nike Inc., founded in 1972, is an American corporation that offers an extensive range of sports and active lifestyle attire, accessories, and footwear catering to men, women, and children. This diverse collection includes T-shirts, tops, trousers, shorts, and an array of accessories like gloves, sunglasses, and socks. The company offers its comprehensive array of products under pivotal brand identities, which encompass Nike Pro, Nike Blazers, and Air Jordan, among others.
LVMH Moet Hennessy Louis Vuitton SE, also known as LVMH, is a French conglomerate specialising in the production of luxury goods. Founded in 1854, the company is home to 75 iconic houses and offers luxury products like wines and spirits, fashion and leather goods, watches and jewellery, and perfumes and cosmetics.
Kering SA, founded in 1963 and headquartered in France, specialises in the creation, production, and commercialisation of luxury and lifestyle goods. The company manufactures an array of products including clothing, footwear, watches, and leather goods, among others, which are marketed under renowned brands such as Gucci, Saint Laurent, and Balenciaga.
Other apparel, accessories, and footwear market players include 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, and Sycamore Partners, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Material Type |
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Breakup by End User |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Apparel, Accessories, and Footwear Market Overview
8.1 Key Industry Highlights
8.2 Global Apparel, Accessories, and Footwear Historical Market (2018-2023)
8.3 Global Apparel, Accessories, and Footwear Market Forecast (2024-2032)
8.4 Global Apparel, Accessories, and Footwear Market by Product Type
8.4.1 Shirt (Casual and Formal)
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Trouser (Casual and Formal)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Top and Shorts
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Sleepwear
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Formal Shoes
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Sports Shoes
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Sandals and Flip Flops
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Bags (Cross Body Bags, Mini, Tote, Clutches, Wallets)
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.4.9 Sports and Swimwear
8.4.9.1 Historical Trend (2018-2023)
8.4.9.2 Forecast Trend (2024-2032)
8.4.10 Winterwear
8.4.10.1 Historical Trend (2018-2023)
8.4.10.2 Forecast Trend (2024-2032)
8.4.11 Coats and Jackets
8.4.11.1 Historical Trend (2018-2023)
8.4.11.2 Forecast Trend (2024-2032)
8.4.12 Others
8.5 Global Apparel, Accessories, and Footwear Market by Material Type
8.5.1 Cotton
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Synthetic Fibre
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Leather
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Cellulosics
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Apparel, Accessories, and Footwear Market by End User
8.6.1 Men
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Women
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Kids and Teens
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Apparel, Accessories, and Footwear Market by Distribution Channel
8.7.1 Supermarkets and Hypermarkets
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Convenience Stores
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Speciality Stores
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Online
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Apparel, Accessories, and Footwear Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Apparel, Accessories, and Footwear Market Analysis
9.1 Market by Product Type
9.2 Market by Material Type
9.3 Market by End User
9.4 Market by Sales Channel
9.5 Market by Country
9.5.1 United States of America
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Canada
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
10 Europe Apparel, Accessories, and Footwear Market Analysis
10.1 Market by Product Type
10.2 Market by Material Type
10.3 Market by End User
10.4 Market by Sales Channel
10.5 Market by Country
10.5.1 United Kingdom
10.5.1.1 Historical Trend (2018-2023)
10.5.1.2 Forecast Trend (2024-2032)
10.5.2 Germany
10.5.2.1 Historical Trend (2018-2023)
10.5.2.2 Forecast Trend (2024-2032)
10.5.3 France
10.5.3.1 Historical Trend (2018-2023)
10.5.3.2 Forecast Trend (2024-2032)
10.5.4 Italy
10.5.4.1 Historical Trend (2018-2023)
10.5.4.2 Forecast Trend (2024-2032)
10.5.5 Others
11 Asia Pacific Apparel, Accessories, and Footwear Market Analysis
11.1 Market by Product Type
11.2 Market by Material Type
11.3 Market by End User
11.4 Market by Sales Channel
11.5 Market by Country
11.5.1 China
11.5.1.1 Historical Trend (2018-2023)
11.5.1.2 Forecast Trend (2024-2032)
11.5.2 Japan
11.5.2.1 Historical Trend (2018-2023)
11.5.2.2 Forecast Trend (2024-2032)
11.5.3 India
11.5.3.1 Historical Trend (2018-2023)
11.5.3.2 Forecast Trend (2024-2032)
11.5.4 ASEAN
11.5.4.1 Historical Trend (2018-2023)
11.5.4.2 Forecast Trend (2024-2032)
11.5.5 Australia
11.5.5.1 Historical Trend (2018-2023)
11.5.5.2 Forecast Trend (2024-2032)
11.5.6 Others
12 Latin America Apparel, Accessories, and Footwear Market Analysis
12.1 Market by Product Type
12.2 Market by Material Type
12.3 Market by End User
12.4 Market by Sales Channel
12.5 Market by Country
12.5.1 Brazil
12.5.1.1 Historical Trend (2018-2023)
12.5.1.2 Forecast Trend (2024-2032)
12.5.2 Argentina
12.5.2.1 Historical Trend (2018-2023)
12.5.2.2 Forecast Trend (2024-2032)
12.5.3 Mexico
12.5.3.1 Historical Trend (2018-2023)
12.5.3.2 Forecast Trend (2024-2032)
12.5.4 Others
13 Middle East and Africa Apparel, Accessories, and Footwear Market Analysis
13.1 Market by Product Type
13.2 Market by Material Type
13.3 Market by End User
13.4 Market by Sales Channel
13.5 Market by Country
13.5.1 Saudi Arabia
13.5.1.1 Historical Trend (2018-2023)
13.5.1.2 Forecast Trend (2024-2032)
13.5.2 United Arab Emirates
13.5.2.1 Historical Trend (2018-2023)
13.5.2.2 Forecast Trend (2024-2032)
13.5.3 Nigeria
13.5.3.1 Historical Trend (2018-2023)
13.5.3.2 Forecast Trend (2024-2032)
13.5.4 South Africa
13.5.4.1 Historical Trend (2018-2023)
13.5.4.2 Forecast Trend (2024-2032)
13.5.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Nike Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 LVMH Moet Hennessy Louis Vuitton SE
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Kering SA
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Adidas AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Hermes International S.A.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 PUMA SE
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 H&M Group
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 ZARA
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Aditya Birla Fashion and Retail Ltd.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Fung Group
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Newtimes Group
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 MGF Sourcing US, LLC
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Sycamore Partners
16.2.13.1 Company Overview
16.2.13.2 Product Portfolio
16.2.13.3 Demographic Reach and Achievements
16.2.13.4 Certifications
16.2.14 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Apparel, Accessories, and Footwear Market: Key Industry Highlights, 2018 and 2032
2. Global Apparel, Accessories, and Footwear Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Apparel, Accessories, and Footwear Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Apparel, Accessories, and Footwear Historical Market: Breakup by Material Type (USD Billion), 2018-2023
5. Global Apparel, Accessories, and Footwear Market Forecast: Breakup by Material Type (USD Billion), 2024-2032
6. Global Apparel, Accessories, and Footwear Historical Market: Breakup by End User (USD Billion), 2018-2023
7. Global Apparel, Accessories, and Footwear Market Forecast: Breakup by End User (USD Billion), 2024-2032
8. Global Apparel, Accessories, and Footwear Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9. Global Apparel, Accessories, and Footwear Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10. Global Apparel, Accessories, and Footwear Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Apparel, Accessories, and Footwear Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Apparel, Accessories, and Footwear Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Apparel, Accessories, and Footwear Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Apparel, Accessories, and Footwear Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Apparel, Accessories, and Footwear Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Apparel, Accessories, and Footwear Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Apparel, Accessories, and Footwear Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Apparel, Accessories, and Footwear Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Apparel, Accessories, and Footwear Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Apparel, Accessories, and Footwear Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Apparel, Accessories, and Footwear Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Apparel, Accessories, and Footwear Market Structure
In 2023, the market reached an approximate value of USD 2098.55 billion.
The market is estimated to grow at a CAGR of 6.1% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 3565.53 billion by 2032.
The market is being propelled by the growing fashion awareness and changing preferences of Generation Z, combined with the increasing disposable income and improving living standards in developing nations.
The key trends aiding the market expansion include the growing investments in product marketing, increasing sales through e-commerce platforms, and growing preference for apparel and accessories made from sustainable materials.
The major regions covered in the report are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Cotton, synthetic fibre, leather, and cellulosics, among others, are the different material types used in the market.
The major players in the 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, and Sycamore Partners, among others.
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