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Apparel, Accessories, and Footwear Market

Global Apparel, Accessories, and Footwear Market Forecast: By Product Type: Shirt (Casual and Formal), Trouser (Casual and Formal), Top and Shorts, Sleepwear, Formal Shoes, Sports Shoes, Sandals and Flip Flops, Others; By Material Type; By End User; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032

Global Apparel, Accessories, and Footwear Market Outlook

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.

 

Key Trends in the Market

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.

 

Apparel and Footwear Market

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  • The fashion preferences of Generation Z, exmplified by trends like oversized t-shirts and vibrant accessories, contribute to the apparel, accessories, and footwear market demand. With changes in consumer spending habits, accessories have gained equal importance in the attire along with apparels and footwear.
  • The increasing investment in product marketing by leading brands is expected to further aid the market growth. They are partnering with renowned designers and influential personalities to enhance brand image, tap into new markets, and build excitement around limited-edition offerings.
  • eCommerce retail purchases are significantly rising, acting as one of the major apparel, accessories, and footwear market trends. Due to their vast collection and the advantage of doorstep delivery, online shopping apps have become a go to option for customers.

 

Market Analysis

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.

 

Apparel and Footwear Market by Segments

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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.

 

  • 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

 

Market Share by Material Type

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.

 

Apparel and Footwear Market by Region

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Market Share by Region

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.

 

Competitive Landscape

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.

 

Key Highlights of the Report

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:

  • Product Type
  • Material Type
  • End User
  • Distribution Channel
  • Region
Breakup by Product Type
  • 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
  • Coats and Jackets
  • Others
Breakup by Material Type
  • Cotton
  • Synthetic Fibre
  • Leather
  • Cellulosics
  • Others
Breakup by End User
  • Men
  • Women
  • Kids and Teens
Breakup by Distribution Channel
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Speciality 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 Analysis
  • Porter's Five Forces Analysis
  • 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.
  • 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

 

Apparel, Accessories, and Footwear Market Report Snapshots

Apparel, Accessories, and Footwear Market Size

Apparel, Accessories, and Footwear Market Share

Apparel, Accessories, and Footwear Market Analysis

Apparel, Accessories, and Footwear Companies

 

*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

Key Questions Answered in the Report

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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