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Global Readymade Garments Market Size, Share, Forecast: By Product Type: Outer Clothing, Inner Clothing; By Application: Formal Wear, Sports Wear, Casual Wear, Safety Apparel, Others; By Fabric Type: Knit, Woven, Non - Woven; By Gender; By Distribution Channel; Regional Analysis; Competitive Landscape; 2024-2032
Global Readymade Garments Market Outlook
The global readymade garments market size was valued at USD 1110.98 billion in 2023. The market is further projected to grow at a CAGR of 9.3% between 2024 and 2032, reaching a value of USD 2468.62 billion by 2032.
Key Takeaways
| Country/Market | Year | Apparel Market Revenue/Growth |
| India | 2021 | INR 3 trillion |
| India | 2025 | INR 7 trillion (Expected) |
| United States | 2021 | USD 325.96 billion |
| China | 2021 | USD 293.92 billion |
| Australia | 2021 | USD 19.24 billion |
| Global Sports Apparel | 2023 | USD 213 billion |
| Global Sports Apparel | 2030 | USD 294 billion (Expected) |
| Nike and Adidas | 2022 | USD 70 billion |
| Online Menswear Sales | 2020-2024 | 4.4% growth |
| Online Clothing Sales in the US | 2023 | USD 100.15 billion |
Readymade garments, also known as ready-to-wear, are mass-produced clothing items that are made in standard sizes and sold as finished products, as opposed to being custom-made for an individual. With the first ready-made garment factory established in New York City in 1831, the readymade garments market has gained popularity due to their cost-effectiveness and standard sizing. These garments can be worn immediately after their purchase.
Unlike custom-made clothes, which are tailored to a specific person's measurements and preferences, readymade garments are produced with standard patterns and construction techniques to keep costs lower and are intended to fit most people without significant alteration. The readymade garments market growth is further driven by several key factors. These include changing consumer preferences, evolving fashion trends, a rising youth population, and the availability of a highly productive workforce, particularly women, at a reasonable price.
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Key Trends and Developments
Growing fashion and clothing industry, rising demand for sportwear by fitness enthusiasts, and introduction of antiviral fabrics are increasing the readymade garments market value
| Date | Company | Event |
| January 2024 | Louis Vuitton | Unveiled a bigger store in Dallas, Texas with a space of 6,337 square feet. The expansion of the store expanded company’s presence in the United States. |
| November 2023 | Apparel Export Promotion Council of India (AEPC) | Set an ambitious target of achieving apparel exports of USD 40 billion by 2030 by expanding the market and product basket, practicing sustainability and responsible business practices, and fostering strategic partnerships. |
| May 2023 | Zara | Opened an extended branch in London's Westfield Stratford City, which includes an automated collection point operated by a robotic arm. |
| November 2022 | Nike | Unveiled its latest innovation, Nike Forward, a sustainable sportswear that does not sacrifice quality or style. |
| Trends | Impact |
| Booming fashion and clothing industry | Driven by rapidly changing fashion trends and availability of attractive and varied outfits, including sustainable clothing options is driving market’s growth. |
| Growing preference for online shopping | Expansion of e-commerce industry due to increasing consumer demand for convenient purchasing options, providing advantages like price comparison, cash on delivery options, diversification, and attractive offers on various brands. |
| Rising demand for sportswear | Consumers focused on fitness are increasingly interested in sportswear due to its comfort and ability to bear the wear and tear of running and high-intensity exercises. |
| Introduction of antiviral fabrics | Antiviral fabrics offers enhanced safety and hygiene due to its effectiveness against various viruses and bacteria, including H1N1. |
Readymade Garments Market Trends
Research indicates that viruses and bacteria can remain active on textile surfaces for up to two days, making the introduction of antiviral fabric a significant advancement in ready-made garment market development. Garments treated with antiviral fabrics can significantly reduce the risk of transmission and contamination, thereby ensuring improved hygiene and safety for the wearers. Companies like Arvind and Raymond have launched readymade garments, shirting and suiting fabrics, and face masks using this technology, further emphasising the potential benefits of antiviral fabrics in readymade garments market. Furthermore, the easy availability of readymade garments on online platforms and the rising number of online shoppers have also significantly contributed to the ready-made garments market growth.
Additionally, factors such as low manufacturing costs, easy availability of raw materials, and government support have further propelled the market expansion. However, the readymade garment industry faces certain challenges, including issues with durability and quality in stitching, environmental impact of garment production, and the need to adapt to customer preferences and seasonal demand shifts. Despite these challenges, the demand for readymade garments is expected to continue growing and evolving in response to changing consumer demands and technological advancements.
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Market Segmentation
Global Readymade Garments Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
| Market Breakup | Categories |
| Product Type | Outer Clothing, Inner Clothing |
| Application | Formal Wear, Sports Wear, Casual Wear, Safety Apparel, Others |
| Fabric Type | Knit, Woven, Non-Woven |
| Gender | Men, Women, Kids |
| Distribution Channel | Supermarket and Hypermarket, Independent Retail Stores, Speciality Stores, Online, Others |
| Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Growing popularity of casual wear to bolster the growth of the readymade garments market
The formal wear segment witnessed a moderate growth in the historical period. Formal wear incorporates decency and professionalism in the outfit, therefore, witnessing an increased demand in the corporate sector.
Meanwhile, the casual wear segment is likely to account for a significant readymade garments market share over the forecast period owing to the growing preference for comfortable clothing options, especially after the COVID-19 outbreak and the prevalence of work-from-home culture.
Online channel holds a significant market share because many online websites offer attractive discount deals
Amongst the several distribution channels, online segment is anticipated to lead the readymade garments market in the forecast period due to the growing popularity of various e-commerce websites that provide several options along with attractive discounts. The cash on delivery option provided by the websites has proven to be convenient for consumers and is expected to further aid the segment’s growth.
Meanwhile, as per the readymade garments market report, the supermarket and hypermarket segment is expected to witness steady growth in future due to the rapid urbanisation and establishment of shopping malls, particularly in developing economies.
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Competitive Landscape
The market players are producing garments using new and cutting-edge technologies to stay ahead in the competition, further increasing their presence by entering into international markets.
| Company | Year Founded | Headquarters | Services |
| Louis Vuitton Malletier SAS | 1854 | Paris, France | Manufactures and sells handbags, travel items, wallets, leather goods, jewelry, shoes, watches, perfumes, accessories, and other related products. |
| Nike, Inc. | 1964 | Oregon, United States | It offers athletic footwear, apparel, equipment, and accessories. |
| The Gap, Inc. | 1969 | California, United States | Offers clothing, accessories, and personal care products for men, women, and children under the Gap, Old Navy, Banana Republic, and Athleta brands. |
| Zara | 1974 | Arteixo, Spain | It offers a wide range of clothing, accessories, and footwear for men, women, and children. |
Other key players in the global readymade garments market report include VF Corporation, Hennes & Mauritz AB, Hanesbrands Inc., Under Armour, Inc, PVH Corporation, Aditya Birla Management Corporation Pvt. Ltd., Gap Inc, Jockey International Inc, and Benetton Group s.r.l, among others.
Readymade Garments Market Analysis, By Region
Asia Pacific is one of the dominating regions due to region’s increasing population
The Asia Pacific region is anticipated to hold a dominant position in the readymade garments market because of the rising disposable income, growing working population, rapid urbanisation, and the thriving fashion and clothing industry in the region. The improved living standards and the growing focus on appearance, especially in countries like Vietnam, India, and China, can bring ample opportunities for the market expansion in the region.
This market growth is further supported by the India’s robust export trade and government initiatives aimed at enhancing textile production, such as the Amended Technology Upgradation Fund Scheme (ATUFS) and the Advance Authorisation (AA) schemes, which focuses on strengthening and increasing the production of textile and apparel products, including readymade garments in the country.
Meanwhile, the readymade clothing industry in North America is growing at a steady rate due to the rise in demand for sportswear and the expansion of businesses. The presence of high-end or luxury fashion brands, such as Louis Vuitton, Nike Inc., and Benetton Group is also contributing to increase the region’s market share. Additionally, the emerging trend of garment manufacturing companies, such as Zara launching their own online shopping platforms is contributing to the easy availability of garments, including readymade clothing.
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:
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by Fabric Type |
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| Breakup by Gender |
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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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Readymade Garments Market Analysis
8.1 Key Industry Highlights
8.2 Global Readymade Garments Historical Market (2018-2023)
8.3 Global Readymade Garments Market Forecast (2024-2032)
8.4 Global Readymade Garments Market by Product Type
8.4.1 Outer Clothing
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Inner Clothing
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Readymade Garments Market by Application
8.5.1 Formal Wear
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Sports Wear
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Casual Wear
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Safety Apparel
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Readymade Garments Market by Fabric Type
8.6.1 Knit
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Woven
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Non - Woven
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Readymade Garments Market by Gender
8.7.1 Men
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Women
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Kids
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Readymade Garments Market by Distribution Channel
8.8.1 Supermarket and Hypermarket
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Independent Retail Stores
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Speciality Stores
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Online
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Others
8.9 Global Readymade Garments Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Readymade Garments Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Readymade Garments Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Readymade Garments Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Readymade Garments Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Readymade Garments Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 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 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Louis Vuitton Malletier SAS
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Nike, Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 The Gap, Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 VF Corporation
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Hennes & Mauritz AB
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Zara
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Hanesbrands Inc.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Under Armour, Inc
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 PVH Corporation
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Aditya Birla Management Corporation Pvt. Ltd.
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Gap Inc
17.2.11.1 Company Overview
17.2.11.2 Product Portfolio
17.2.11.3 Demographic Reach and Achievements
17.2.11.4 Certifications
17.2.12 Jockey International Inc
17.2.12.1 Company Overview
17.2.12.2 Product Portfolio
17.2.12.3 Demographic Reach and Achievements
17.2.12.4 Certifications
17.2.13 Benetton Group s.r.l
17.2.13.1 Company Overview
17.2.13.2 Product Portfolio
17.2.13.3 Demographic Reach and Achievements
17.2.13.4 Certifications
17.2.14 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Readymade Garments Market: Key Industry Highlights, 2018 and 2032
2. Global Readymade Garments Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Readymade Garments Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Readymade Garments Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Readymade Garments Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Readymade Garments Historical Market: Breakup by Fabric Type (USD Billion), 2018-2023
7. Global Readymade Garments Market Forecast: Breakup by Fabric Type (USD Billion), 2024-2032
8. Global Readymade Garments Historical Market: Breakup by Gender (USD Billion), 2018-2023
9. Global Readymade Garments Market Forecast: Breakup by Gender (USD Billion), 2024-2032
10. Global Readymade Garments Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
11. Global Readymade Garments Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
12. Global Readymade Garments Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Readymade Garments Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Readymade Garments Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Readymade Garments Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Readymade Garments Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Readymade Garments Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Readymade Garments Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Readymade Garments Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Readymade Garments Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Readymade Garments Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Readymade Garments Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Readymade Garments Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Major Exporting Countries by Value
25. Major Importing Countries by Value
26. Major Exporting Countries by Volume
27. Major Importing Countries by Volume
28. Global Readymade Garments Market Structure
Key Questions Answered in the Report
In 2023, the readymade garments market reached an approximate value of USD 1110.98 billion.
The market is expected to grow at a CAGR of 9.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 2468.62 billion by 2032.
The term "readymade garments" refers to clothing items that are mass-produced and made in standard sizes, ready for purchase and immediate use. These garments are not tailored to a specific individual and are available in a wide variety of styles, fabrics, and types, including outer clothing, workwear, sportswear, and inner clothing.
The major drivers propelling the readymade garments market growth include the growing availability of attractive and varied outfits, the flourishing e-commerce sector, and innovative promotions and ad-campaigns by key players.
Key trends aiding market expansion include the growing fashion and clothing sectors and the rapidly changing fashion landscape.
Major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Outer clothing and inner clothing are the major product types in the market.
Significant applications of the product are formal wear, sportswear, casual wear, and safety apparel, among others.
The various fabric types considered in the readymade garments market report are knit, woven and non-woven.
Key players in the market are Louis Vuitton Malletier SAS, Nike, Inc., The Gap, Inc., VF Corporation, Hennes & Mauritz AB, Zara, Hanesbrands Inc., Under Armour, Inc, PVH Corporation, Aditya Birla Management Corporation Pvt. Ltd., Gap Inc, Jockey International Inc, and Benetton Group s.r.l, among others.
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