Market Overview:

According to Fortune Business Insights the Global Apparel Market size was valued at USD 1,700.52 billion in 2023. The market is expected to expand from USD 1,749.67 billion in 2024 to USD 2,307.04 billion by 2032, exhibiting a CAGR of 3.52% over the study period.

The global market is an extensive and volatile sector, which includes a broad range of products from daily casual wear to high-end fashion. The surging number of the working population has bolstered the purchasing power of consumers, leading to market growth.

There was a reduction in sales of apparel, which can be attributed to the cancellations of mega celebrations and events and mass shutdown of public places and offices, as stated by the Harry Rosen head, one of Canada’s major men’s clothing retailers. Despite this, the industry is witnessing a rebound in the post-COVID-19 era and the long-term rising trend of clothing is intact due to relaxation in lockdowns across nations.

List of Key Players Mentioned in the Report:

• VF Corporation (U.S.)
• Burberry Group plc (U.K.)
• Puma SE (Germany)
• Adidas AG (Germany)
• Nike Inc. (U.S.)
• H&M Hennes & Mauritz AB (Sweden)
• LVMH (France)
• KERING (France)
• PVH Corp. (U.S.)
• Inditex (Spain)

Competitive Landscape:

Top Players Focus on Unveiling New Products to Offer Enhanced Solutions