Reports

Global Apparel and Footwear Market to Grow at a CAGR of 12.8% Between 2023 and 2028, Aided by the Rising Demand for Apparel and Footwear from the Online Retail Sector

Apparel and Footwear Market

Global Apparel and Footwear Market Size, Share, Growth, Trends, Forecast: By Type: Apparel, Footwear; By End User: Men, Women, Kids; By Distribution Channel: Retail Stores, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028

Global Apparel and Footwear Market Outlook

The global apparel and footwear market is expected to grow at a CAGR of 12.8% between 2023 and 2028.

 

Apparel and Footwear Market

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North America and Asia Pacific to be Significant Regional Markets for Apparel and Footwear

North America is a significant apparel market as it the industry garners significant demand from the United States and Canada. Canadian apparel manufacturing companies focus on speciality markets, creating and producing high-end clothes, such as sportswear and protective clothing. Some multinational companies who have off-shored their apparel production to save money are also setting up short-run replenishment facilities in the region to keep up with fast-changing retail trends and make high-end clothing. United States is one of the leading and fastest-growing regional markets due to rapidly altering fashion, low price points, customised products, and the speed of delivery.

 

The Asia Pacific region, on the other hand, is among the leading regions in the footwear market owing to the vast consumer base in developing countries like China, India, and Indonesia and the growing demand for athletic and non-athletic footwear in the region. China is one of the largest online apparel and footwear markets globally, and it is already well-established in developed markets. Due to increased purchasing power among the Asian customers, where the middle-class segment is expanding, most of the apparel and footwear industry growth is coming from developing economies. Clothing has now become an extension and reflection of consumer’s personality, which is why the demand is rapidly changing and growing.

 

Apparel and Footwear: Market Segmentation

Apparels refer to clothes and footwear is a foot-covering clothing that aids in the objective of protecting the feet from environmental hazards, such as rough surfaces and extreme temperatures. Socks and other stockings are often worn between the feet and other footwear for added comfort and enjoyment. Leather, rubber, plastic, and fabric are some of the materials used in apparel and footwear.

 

Apparel and Footwear Market by Segments

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By type, the market includes:

  • Apparel
  • Formal Wear
  • Casual Wear
  • Sports Wear
  • Others
  • Footwear
  • Shoes
  • Slippers
  • Others

The end users of the market are:

  • Men
  • Women
  • Kids

 

Based on the distribution channel, the market is divided into:

  • Retail Stores
  • Online
  • Others

 

The regional markets for the apparel and footwear industry can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Apparel and Footwear Market by Region

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Rising Purchasing Power and Changing Preferences Augmenting the Market Growth

The global apparel and footwear industry is witnessing consistent growth due to the rising millennial population, increasing disposable income, the increasing influence of western culture, growing internet penetration, continuous launch of altering fashion at lower prices supported by aggressive branding, and changing preferences the younger generation. The global apparel and footwear industry is rising due to brand awareness, new offers to target clients, growing e-commerce channels, and robust supply chain networks. Factors such as the contribution of apparel and footwear products to the country's GDP and the arrival of new companies also significantly impact the global apparel and footwear sector. Consumers are becoming more aware of environmental sustainability issues and the rise of online shopping, which provides a plethora of product options, expected to boost the market growth. The rising importance of luxury footwear as a symbol of one's professionalism at work, particularly in corporate and fashion sectors, is expected to continue to drive the product demand. These factors have augmented the growth of the global apparel and footwear industry.

 

Key Industry Players in the Global Apparel and Footwear Market

The report gives a detailed analysis of the following key players in the global apparel and footwear industry, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

 

  • Nike, Inc.
  • Adidas AG
  • Levi Strauss & Company
  • Hanesbrands Inc.
  • Louis Vuitton Malletier SAS
  • Guccio Gucci S.p.A.
  • Chanel, Inc.
  • BIBA Fashion Limited
  • Reliance Retail Ltd
  • Industria de Diseño Textil, S.A. (Zara)
  • PUMA SE
  • SKECHERS USA, Inc.
  • Others

 

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model, along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • End User
  • Distribution Channel
  • Region
Breakup by Type
  • Apparel
    • Formal Wear
    • Casual Wear
    • Sports Wear
    • Others
  • Footwear 
    • Shoes
    • Slippers
    • Others
Breakup by End User
  • Men
  • Women
  • Kids
Breakup by Distribution Channel
  • Retail Stores
  • Online
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Nike, Inc.
  • Adidas AG
  • Levi Strauss & Company
  • Hanesbrands Inc.
  • Louis Vuitton Malletier SAS
  • Guccio Gucci S.p.A.
  • Chanel, Inc.
  • BIBA Fashion Limited
  • Reliance Retail Ltd
  • Industria de Diseño Textil, S.A. (Zara)
  • PUMA SE
  • SKECHERS USA, Inc.
  • Others

 

*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 and Footwear Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Apparel and Footwear Historical Market (2018-2022) 
    8.3    Global Apparel and Footwear Market Forecast (2023-2028)
    8.4    Global Apparel and Footwear Market by Type
        8.4.1    Apparel
            8.4.1.1    Historical Trend (2018-2022) 
            8.4.1.2    Forecast Trend (2023-2028)
            8.4.1.3    Breakup by Type
                8.4.1.3.1    Formal Wear
                8.4.1.3.2    Casual Wear
                8.4.1.3.3    Sports Wear
                8.4.1.3.4    Others
        8.4.2    Footwear
            8.4.2.1    Historical Trend (2018-2022) 
            8.4.2.2    Forecast Trend (2023-2028)
            8.4.2.3    Breakup by Type
                8.4.2.3.1    Shoes
                8.4.2.3.2    Slippers
                8.4.2.3.3    Others
    8.5    Global Apparel and Footwear Market by End User
        8.5.1    Men
            8.5.1.1    Historical Trend (2018-2022) 
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Women
            8.5.2.1    Historical Trend (2018-2022) 
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Kids
            8.5.3.1    Historical Trend (2018-2022) 
            8.5.3.2    Forecast Trend (2023-2028)
    8.6    Global Apparel and Footwear Market by Distribution Channel
        8.6.1    Retail Stores
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Online
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Others
    8.7    Global Apparel and Footwear Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Apparel and Footwear Market Analysis
    9.1    Market by Type
    9.2    Market by End User
    9.3    Market by Distribution Channel
    9.4    Market by Country
        9.4.1    United States of America 
            9.4.1.1    Historical Trend (2018-2022) 
            9.4.1.2    Forecast Trend (2023-2028)
        9.4.2    Canada
            9.4.2.1    Historical Trend (2018-2022) 
            9.4.2.2    Forecast Trend (2023-2028)
10    Europe Apparel and Footwear Market Analysis
    10.1    Market by Type
    10.2    Market by End User
    10.3    Market by Distribution Channel
    10.4    Market by Country
        10.4.1    United Kingdom
            10.4.1.1    Historical Trend (2018-2022) 
            10.4.1.2    Forecast Trend (2023-2028)
        10.4.2    Germany
            10.4.2.1    Historical Trend (2018-2022) 
            10.4.2.2    Forecast Trend (2023-2028)
        10.4.3    France
            10.4.3.1    Historical Trend (2018-2022) 
            10.4.3.2    Forecast Trend (2023-2028)
        10.4.4    Italy
            10.4.4.1    Historical Trend (2018-2022) 
            10.4.4.2    Forecast Trend (2023-2028)
        10.4.5    Others
11    Asia Pacific Apparel and Footwear Market Analysis
    11.1    Market by Type
    11.2    Market by End User
    11.3    Market by Distribution Channel
    11.4    Market by Country
        11.4.1    China
            11.4.1.1    Historical Trend (2018-2022) 
            11.4.1.2    Forecast Trend (2023-2028)
        11.4.2    Japan
            11.4.2.1    Historical Trend (2018-2022) 
            11.4.2.2    Forecast Trend (2023-2028)
        11.4.3    India
            11.4.3.1    Historical Trend (2018-2022) 
            11.4.3.2    Forecast Trend (2023-2028)
        11.4.4    ASEAN
            11.4.4.1    Historical Trend (2018-2022) 
            11.4.4.2    Forecast Trend (2023-2028)
        11.4.5    South Korea
            11.4.5.1    Historical Trend (2018-2022) 
            11.4.5.2    Forecast Trend (2023-2028)
        11.4.6    Australia
            11.4.6.1    Historical Trend (2018-2022) 
            11.4.6.2    Forecast Trend (2023-2028)
        11.4.7    Others
12    Latin America Apparel and Footwear Market Analysis
    12.1    Market by Type
    12.2    Market by End User
    12.3    Market by Distribution Channel
    12.4    Market by Country
        12.4.1    Brazil
            12.4.1.1    Historical Trend (2018-2022) 
            12.4.1.2    Forecast Trend (2023-2028)
        12.4.2    Argentina
            12.4.2.1    Historical Trend (2018-2022) 
            12.4.2.2    Forecast Trend (2023-2028)
        12.4.3    Mexico
            12.4.3.1    Historical Trend (2018-2022) 
            12.4.3.2    Forecast Trend (2023-2028)
        12.4.4    Others
13    Middle East and Africa Apparel and Footwear Market Analysis
    13.1    Market by Type
    13.2    Market by End User
    13.3    Market by Distribution Channel
    13.4    Market by Country
        13.4.1    Saudi Arabia
            13.4.1.1    Historical Trend (2018-2022) 
            13.4.1.2    Forecast Trend (2023-2028)
        13.4.2    United Arab Emirates
            13.4.2.1    Historical Trend (2018-2022) 
            13.4.2.2    Forecast Trend (2023-2028)
        13.4.3    Nigeria
            13.4.3.1    Historical Trend (2018-2022) 
            13.4.3.2    Forecast Trend (2023-2028)
        13.4.4    South Africa
            13.4.4.1    Historical Trend (2018-2022) 
            13.4.4.2    Forecast Trend (2023-2028)
        13.4.5    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    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Nike, Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Adidas AG
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Levi Strauss & Company
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Hanesbrands Inc. 
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Louis Vuitton Malletier SAS
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Guccio Gucci S.p.A.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Chanel, Inc. 
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    BIBA Fashion Limited
            15.2.8.1    Company Overview
            15.2.8.2    Product Portfolio
            15.2.8.3    Demographic Reach and Achievements
            15.2.8.4    Certifications
        15.2.9    Reliance Retail Ltd
            15.2.9.1    Company Overview
            15.2.9.2    Product Portfolio
            15.2.9.3    Demographic Reach and Achievements
            15.2.9.4    Certifications
        15.2.10    Industria de Diseño Textil, S.A. (Zara)
            15.2.10.1    Company Overview
            15.2.10.2    Product Portfolio
            15.2.10.3    Demographic Reach and Achievements
            15.2.10.4    Certifications
        15.2.11    PUMA SE
            15.2.11.1    Company Overview
            15.2.11.2    Product Portfolio
            15.2.11.3    Demographic Reach and Achievements
            15.2.11.4    Certifications
        15.2.12    SKECHERS USA, Inc.
            15.2.12.1    Company Overview
            15.2.12.2    Product Portfolio
            15.2.12.3    Demographic Reach and Achievements
            15.2.12.4    Certifications 
        15.2.13    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Apparel and Footwear Market: Key Industry Highlights, 2018 and 2028
2.    Global Apparel and Footwear Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Apparel and Footwear Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Apparel and Footwear Historical Market: Breakup by End User (USD Million), 2018-2022
5.    Global Apparel and Footwear Market Forecast: Breakup by End User (USD Million), 2023-2028
6.    Global Apparel and Footwear Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
7.    Global Apparel and Footwear Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
8.    Global Apparel and Footwear Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Apparel and Footwear Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Apparel and Footwear Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Apparel and Footwear Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Apparel and Footwear Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Apparel and Footwear Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Apparel and Footwear Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Apparel and Footwear Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Apparel and Footwear Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Apparel and Footwear Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Apparel and Footwear Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Apparel and Footwear Market Forecast: Breakup by Country (USD Million), 2023-2028 
20.    Global Apparel and Footwear Market Structure

Key Questions Answered in the Report

What is the growth rate of the market?

The market is projected to grow at a CAGR of 12.8% between 2023 and 2028.

What are the major industry drivers?

The major drivers of the market include the rising millennial population, increasing influence of western culture, the continuous launch of altering fashion at lower prices, growing e-commerce channels, and the contribution of apparel and footwear products to the country's GDP.

What are the key industry trends in the global apparel and footwear market?

Increasing disposable income and changing preferences of people are the key industry trends propelling the market's growth.

What are the major regional markets of apparel and footwear, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the different types explored in the market?

The different types include apparel 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.

Who are the end users of the market?

The end users of the market are men, women, and kids.

What are the various distribution channels in the market?

The various distribution channels are retail stores and online, among others.

Who are the key industry players, according to the report?

The major players in the industry are Nike, Inc., Adidas AG, Levi Strauss & Company, Hanesbrands Inc., Louis Vuitton Malletier SAS, Guccio Gucci S.p.A., Chanel, Inc., BIBA Fashion Limited, Reliance Retail Ltd, Industria de Diseño Textil, S.A. (Zara), PUMA SE, and SKECHERS USA, Inc., among others.

Analyst Review

The global apparel and footwear market is further expected to grow at a CAGR of 12.8% between 2023 and 2028.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. The different types include apparel 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. The end-users of the market are men, women, and kids. The several distribution channels are retail stores and online, among others. The major regions for global apparel and footwear market are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are Nike, Inc., Adidas AG, Levi Strauss & Company, Hanesbrands Inc., Louis Vuitton Malletier SAS, Guccio Gucci S.p.A., Chanel, Inc., BIBA Fashion Limited, Reliance Retail Ltd, Industria de Diseño Textil, S.A. (Zara), PUMA SE, and SKECHERS USA, Inc., among others.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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