Latest News- Apparel Manufacturing Market: Women apparel is expected to lead the Product segment during 2025-2029

The Apparel Manufacturing Market is being driven by Growing e-commerce industry globally

The Apparel Manufacturing Market is expected to grow at a CAGR of 4.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 127.9 billion. The global apparel manufacturing sector is experiencing a notable transition towards sustainable and ethically produced fashion, fueled by heightened consumer consciousness and industry-led initiatives. On May 29, 2024, SU.RE (Sustainable Resolution), a collaborative effort spearheaded by Reliance Brands, the United Nations India, the Ministry of Textiles, and the Clothing Manufacturers Association of India, announced a strategic partnership with the British Council. This alliance aims to help SU.RE signatories evolve into sustainable brands, while fostering connections with partners in the UK, Denmark, and other regions. SU.RE, established in 2019, represents the Indian apparel industry's largest voluntary commitment to sustainability, with 16 major brands pledging to create sustainable supply chains by 2030. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Women apparel
  • Men apparel
  • Children apparel
• Type
  • Casual wear
  • Formal wear
  • Sport wear
  • Night wear
• Distribution Channel
  • Offline
  • Online
• Geography
  • APAC
    • China
    • India
    • Vietnam
  • Europe
    • Germany
    • UK
  • North America
    • Mexico
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing e-commerce industry globally
• Rising demand for fast fashion and trendy apparel among Millennials
• Increasing purchasing capacity of consumers

However, the market also witnesses some limitations, which are as follows:

• Fluctuations in prices of raw materials used in apparel production
• Stringent government regulations related to apparel exports
• Rising concerns over carbon emissions in textile and garment sector

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Market Scope in Apparel Manufacturing Market Research Report

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Research Analysis Overview

The Apparel Manufacturing Market is undergoing a digital transformation with the adoption of smart factories, AI, machine learning, VR, and AR. Data analytics and sustainable fabrics, including recycled and biodegradable materials, are key trends. Circular economy, fair trade, labor rights, and fashion forecasting are also important. Brands leverage customer insights, brand positioning, social media marketing, and influencer marketing. E-commerce, mobile commerce, personalized shopping, retail analytics, and customer service are essential sales channels. Clothing and accessories, sustainable products, and ecofriendly materials are in focus. Virtual try-ons cater to mass and luxury apparel segments. Digital marketing strategies are crucial for Direct-to-Consumer brands.

Market Research Overview

The global apparel, accessories, and luxury goods market encompasses businesses involved in the manufacturing and marketing of textiles, apparel, footwear, accessories, and luxury goods on a global scale. This market scope extends to companies providing rental services for apparel, accessories, and luxury goods, excluding those specializing in shoe manufacturing. According to Technavio, the market size is determined by the consolidated revenues generated by these entities. Key growth drivers for the apparel, accessories, and luxury goods market include the expanding population of working women, leading to increased disposable income and heightened consumer spending on clothing, accessories, and luxury items.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/