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Global Apparel and Footwear Market: By Type: Apparel, Footwear; By End User: Men, Women, Kids; By Distribution Channel: Specialty Stores, Supermarkets/Hypermarkets, Online Channels, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Apparel and Footwear Market Outlook

The global apparel and footwear industry reached a value of about USD 1.8 trillion in 2021. The industry is further expected to grow at a CAGR of about 6.90% in the forecast period of 2022-2027 to reach a value of around USD 2.7 trillion by 2027.

 

Global 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.

 

Global Apparel and Footwear Market by Segments

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By type, the market includes:

  • Apparel
    • Casual Wear
    • Sports Wear
    • Night 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:

  • Speciality Stores
  • Supermarkets/Hypermarkets
  • Online Channels
  • 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.

 

Global 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
  • H & M Hennes & Mauritz AB
  • PVF Corp.
  • Puma SE
  • Kering SA
  • VF Corporation
  • 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.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Apparel and Footwear Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Apparel and Footwear Historical Market (2017-2021) 
    8.3    Global Apparel and Footwear Market Forecast (2022-2027)
    8.4    Global Apparel and Footwear Market by Type
        8.4.1    Apparel
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
            8.4.1.4    Market by Type
                8.4.1.4.1    Casual Wear
                8.4.1.4.2    Sports Wear
                8.4.1.4.3    Night Wear
                8.4.1.4.4    Others
        8.4.2    Footwear 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
            8.4.2.4    Market by Type
                8.4.2.4.1    Shoes
                8.4.2.4.2    Slippers
                8.4.2.4.3    Others
    8.5    Global Apparel and Footwear Market by End User
        8.5.1    Men
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Women
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Kids
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Apparel and Footwear Market by Distribution Channel
        8.6.1    Specialty Stores
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Supermarkets/Hypermarkets
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Online Channels
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Others
    8.7    Global Apparel and Footwear Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    NIKE, Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Adidas AG
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    H & M Hennes & Mauritz AB
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    PVF Corp.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Puma SE
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6     Kering SA
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    VF Corporation
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Apparel and Footwear Market: Key Industry Highlights, 2017 and 2027
2.    Global Apparel and Footwear Historical Market: Breakup by Type (USD Trillion), 2017-2021
3.    Global Apparel and Footwear Market Forecast: Breakup by Type (USD Trillion), 2022-2027
4.    Global Apparel and Footwear Historical Market: Breakup by End User (USD Trillion), 2017-2021
5.    Global Apparel and Footwear Market Forecast: Breakup by End User (USD Trillion), 2022-2027
6.    Global Apparel and Footwear Historical Market: Breakup by Distribution Channel (USD Trillion), 2017-2021
7.    Global Apparel and Footwear Market Forecast: Breakup by Distribution Channel (USD Trillion), 2022-2027
8.    Global Apparel and Footwear Historical Market: Breakup by Region (USD Trillion), 2017-2021
9.    Global Apparel and Footwear Market Forecast: Breakup by Region (USD Trillion), 2022-2027
10.    North America Apparel and Footwear Historical Market: Breakup by Country (USD Trillion), 2017-2021
11.    North America Apparel and Footwear Market Forecast: Breakup by Country (USD Trillion), 2022-2027
12.    Europe Apparel and Footwear Historical Market: Breakup by Country (USD Trillion), 2017-2021
13.    Europe Apparel and Footwear Market Forecast: Breakup by Country (USD Trillion), 2022-2027
14.    Asia Pacific Apparel and Footwear Historical Market: Breakup by Country (USD Trillion), 2017-2021
15.    Asia Pacific Apparel and Footwear Market Forecast: Breakup by Country (USD Trillion), 2022-2027
16.    Latin America Apparel and Footwear Historical Market: Breakup by Country (USD Trillion), 2017-2021
17.    Latin America Apparel and Footwear Market Forecast: Breakup by Country (USD Trillion), 2022-2027
18.    Middle East and Africa Apparel and Footwear Historical Market: Breakup by Country (USD Trillion), 2017-2021
19.    Middle East and Africa Apparel and Footwear Market Forecast: Breakup by Country (USD Trillion), 2022-2027
20.    Global Apparel and Footwear Market Structure

Key Questions Answered in the Report

In 2021, the global apparel and footwear market attained a value of nearly USD 1.8 trillion.

The market is projected to grow at a CAGR of 6.90% between 2022 and 2027.

The market is estimated to witness healthy growth in 2022-2027 to reach USD 2.7 trillion by 2027.

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.

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

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

The different types include apparel and footwear. Apparel is further divided into casual wear, sportswear, and nightwear, 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 speciality stores, supermarkets/hypermarkets, and online channels, among others.

The major players in the industry are NIKE, Inc., Adidas AG, H & M Hennes & Mauritz AB, PVF Corp., Puma SE, Kering SA, and VF Corporation, among others.

Analyst Review

The global apparel and footwear market attained a value of USD 1.8 trillion in 2021, driven by the increasing disposable incomes of the consumers. Aided by the growing e-commerce channels and changing people's preferences, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 6.90%. The market is projected to reach USD 2.7 trillion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The different types include apparel and footwear. Apparel is further divided into casual wear, sportswear, and nightwear, 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 speciality stores, supermarkets/hypermarkets, and online channels, 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, H & M Hennes & Mauritz AB, PVF Corp., Puma SE, Kering SA, and VF Corporation, 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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