Global Apparel Industry Statistics [Fresh Research] • Gitnux (2024)

The global apparel industry is an ever-evolving and highly competitive market. With the emergence of new technologies and changing consumer preferences, the apparel industry is constantly adapting to stay ahead of the curve.

As a result, it’s important for apparel companies to stay up-to-date on the latest industry trends and statistics. In this blog post, we’ll take a look at some of the most important global apparel industry statistics, and how they can help you make better decisions for your business.

Global Apparel Industry Statistics Overview

The global apparel market is estimated to generate $1.7 trillion in 2023, a 13.7% year-over-year increase.

The global apparel market is recovering from the effects of COVID-19 and is expected to grow significantly in the coming years. This is good news for the global apparel industry, as it indicates that the industry is resilient and has the potential to thrive in the future.

The United States had the largest apparel market in the world in 2022, with sales of $312 billion, significantly more than China and the rest of the world.

This shows the potential for growth in other countries, as the gap between the US and the rest of the world is significant.

The US earned the highest revenue in the women's apparel market in 2022, followed by China, India, Japan, and the UK.

Thus, the US is the leading market in the women's apparel industry, what indicates that these countries are the main markets for women's apparel and that they have the potential to drive the industry forward.

In 2023, the Men's Apparel category is projected to generate US$568.90 billion in revenue, with a CAGR of 2.95% from 2023-2027. The US leads the sector with the highest revenue at $110.90 billion.

Nike has a 22% market share of the global sports footwear market and a 34% market share of the US market, making it the market leader.

Nike is the dominant player in the global apparel industry. This dominance gives them a significant advantage in terms of resources, brand recognition, and customer loyalty, which can help them maintain their market share and increase their profits.

LVMH was the top apparel/accessory brand globally in the 12-month period ending in April 2022, with sales totaling 75.9 billion dollars, nearly 29 billion dollars more than Nike.

This shows the impact of the street and sneaker cultures in the fashion industry on the global sportswear market. It also highlights the success of well-known companies like Nike and adidas in this market, which is indicative of the overall growth of the global apparel industry.

Over 30% of fashion retail sales in Europe, Oceania, and the Americas come from online sources, showing the increasing importance of e-commerce in the global apparel industry.

As more and more consumers are motivated to shop online due to the convenience it offers, it is important for apparel companies to have an online presence in order to remain competitive.

47% of people worldwide do not like shopping online due to not being able to physically view or try products.

A large portion of consumers prefer to shop in-store, where they can physically view and try on products before purchasing them. This could influence the strategies of apparel companies, as they may need to focus more on in-store experiences in order to appeal to these customers.

Sustainable clothing sales are expected to grow from 3.9% to 6.1% by 2026, indicating a shift in consumer preference towards sustainable clothing items.

This highlights the need for businesses to adopt sustainable production practices in order to remain competitive in the market. Additionally, it demonstrates the growing popularity of sustainable clothing items, which could lead to increased demand for sustainable apparel in the future.

Circular fashion is a strategy advocated for to boost the sustainability of the fashion industry, however it has practical limitations to its sustainable impact.

Thus, there is a need for more sustainable strategies to reduce waste and protect the environment. It also emphasizes the importance of finding new ways to reduce waste and increase sustainability in the fashion industry.

The global apparel market is expected to reach a value of USD 1.65 trillion by 2025, growing at a CAGR of 4.2%.

The industry is expected to experience a steady growth in the coming years, with a CAGR of 4.2%. This is an indication that the apparel industry is a lucrative sector for investors and entrepreneurs alike. It also serves as a reminder that the industry is constantly evolving and adapting to changing consumer trends and demands. This statistic is a valuable insight into the future of the global apparel industry and should be taken into consideration when discussing the industry's prospects.

The worldwide fashion industry produced 108 million metric tons of greenhouse gases in 2018.

This highlights the urgent need for the industry to take steps to reduce its carbon footprint and become more sustainable.

The revenue generated by the global apparel industry in 2020 was approximately USD 1.24 trillion.

This serves as a reminder of the importance of the apparel industry to the global economy, and the need for businesses to stay abreast of the latest trends and developments in the industry.

In 2020, the largest country in terms of apparel market size was United States at USD 367.1 billion.

The US is the largest apparel market in the world, and that the industry is a major contributor to the US economy. This statistic is an important reminder of the importance of the apparel industry in the US, and its potential for growth in the future.

The online fashion market is expected to reach USD 872 billion by 2023.

The online fashion market is growing at an exponential rate and is expected to reach a staggering USD 872 billion by 2023. This is a clear indication that the apparel industry is a lucrative and profitable sector, and one that is worth investing in.

China was the top clothing exporter worldwide in 2020, totaling USD 104.8 billion.

China is a major player in the global apparel industry, and its exports are a major source of revenue for the country. This statistic is also a reminder of the importance of the apparel industry in the global economy, and how it can be a major driver of economic growth.

In 2020, the total employment in the apparel sector worldwide reached 33.4 million people.

This demonstrates the sheer number of people employed in the sector, highlighting the importance of the apparel industry to the global economy. It also serves as a reminder of the impact the apparel industry has on the lives of millions of people around the world.

The apparel industry was responsible for more than 92 million tons of waste in 2015.

This highlights the urgent need for sustainable practices to be adopted in order to reduce the amount of waste generated by the industry. It is a call to action for all stakeholders in the apparel industry to take responsibility for their part in reducing the amount of waste produced.

The fashion industry consumes around 79 trillion liters of water per year.

It is a call to action for companies to reduce their water usage and to find more efficient ways of producing clothing. This statistic is a powerful indicator of the environmental impact of the fashion industry and should be taken seriously.

The average fast-fashion garment is thrown away within a year and contributes to 13 million tons of textile waste annually.

With 13 million tons of textile waste generated annually, it is clear that the fast-fashion industry is having a detrimental effect on the planet. This statistic serves as a call to action for consumers and industry leaders alike to take steps to reduce the amount of waste generated by the apparel industry.

The worldwide ready-to-wear market size reached USD 714 billion in 2019.

This is a powerful indicator of the industry's growth and potential, and serves as a reminder of the immense opportunities available to those who are willing to take advantage of them. This statistic is an invaluable resource for anyone looking to gain insight into the apparel industry and its current state.

The global children's apparel market is expected to grow at a CAGR of 5.6% and reach USD 339.7 billion by 2027.

The market is expected to expand significantly over the next few years, reaching a total value of USD 339.7 billion by 2027. This is a clear indication that the global apparel industry is thriving and that there are plenty of opportunities for businesses to capitalize on this growth. As such, this statistic is an important piece of information for anyone interested in the global apparel industry and its future prospects.

In 2019, over 75% of the world's top apparel brands were concentrated in Europe and the United States.

The majority of the world's top apparel brands are concentrated in Europe and the United States, suggesting that these two regions are dominating the industry. This has significant implications for the rest of the world, as it implies that other regions are not able to compete with the apparel industry in these two regions. This could lead to a lack of innovation and growth in the apparel industry in other regions, which could have a negative impact on the global apparel industry as a whole.

The Asia-Pacific region accounted for 38% of the global apparel retail market in 2019.

The region is a major player in the industry, and that businesses should consider investing in the area to capitalize on its growth. Furthermore, it serves as a reminder that the apparel industry is a global one, and that companies should be aware of the trends and opportunities in different parts of the world.

The luxury apparel market is estimated to reach USD 84.04 billion in 2025, at a CAGR of 3.9%.

It is expected to grow significantly over the next few years. It is a valuable insight for those interested in the global apparel industry, as it provides an indication of the potential for growth and profitability in the sector. Furthermore, it highlights the importance of staying up-to-date with the latest industry trends and developments in order to capitalize on the opportunities presented by the luxury apparel market.

The global lingerie market is projected to reach USD 326.38 billion by 2025, at a CAGR of 6.4%.

It is set to experience significant growth in the coming years. This is an important insight for anyone interested in the global apparel industry, as it highlights the potential for businesses to capitalize on the expanding lingerie market. Furthermore, the projected CAGR of 6.4% suggests that the lingerie market is likely to remain a lucrative sector for some time to come.

The average consumer is expected to spend USD 2,282.93 on apparel globally in 2021.

Consumers are willing to invest in apparel, which is a positive sign for the industry. This statistic is a valuable insight for anyone interested in the apparel industry, as it provides a glimpse into the current and future trends of the market.

The fashion industry accounts for 2% to 10% of global water pollution.

This statistic is a stark reminder of the immense environmental impact of the fashion industry. It highlights the need for more sustainable practices in the apparel industry to reduce water pollution and protect our planet.

Conclusion

The global apparel industry is an ever-evolving market that is constantly changing and adapting to new trends and consumer demands. The industry is expected to continue to grow in the coming years, with an estimated value of over $1.5 trillion by 2021.

As technology and consumer preferences continue to evolve, the apparel industry is sure to remain a major player in the global economy. With the right strategies and investments, companies in the apparel industry can continue to capitalize on the growth and success of the industry.

References

1 - https://www.statista.com/topics/5091/apparel-market-worldwide/

2 - https://www.statista.com/forecasts/758683/revenue-of-the-apparel-market-worldwide-by-country

3 - https://www.statista.com/forecasts/758666/revenue-of-the-women-s-and-girls-apparel-market-worldwide-by-country

4 - https://www.statista.com/outlook/cmo/apparel/men-s-apparel/worldwide

5 - https://www.globenewswire.com/en/news-release/2022/12/14/2573542/0/en/Global-Sports-Footwear-Market-to-Hit-Sales-of-134-99-Billion-by-2028-Top-10-Players-Generate-Over-50-Market-Revenue.html

6 - https://www.statista.com/statistics/257978/sales-of-the-leading-apparel-accessories-companies-worldwide/

7 - https://www.statista.com/topics/9288/fashion-e-commerce-worldwide/#:~:text=Of%20overall%20fashion%20retail%20sales,are%20generated%20through%20online%20channels.

8 - https://www.statista.com/statistics/1300945/main-reasons-not-like-online-shopping-global/

9 - https://blog.gitnux.com/clothing-industry-statistics/

10 - https://www.statista.com/topics/9543/sustainable-fashion-worldwide/#topicOverview

11 - https://www.adroitmarketresearch.com

12 - https://www.mckinsey.com

13 - https://www.prnewswire.com

14 - https://www.globenewswire.com

15 - https://www.unido.org

16 - https://www.grandviewresearch.com

17 - https://www.statista.com

18 - https://www.weforum.org

19 - https://www.fibre2fashion.com

20 - https://www.retaildive.com

21 - https://www.nature.com

22 - https://www.euromonitor.com

23 - https://www.just-style.com

24 - https://www.wri.org

25 - https://www.worldstopexports.com