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Apparel Market Share

Report ID: GMI12786
Published Date: Dec 2024
Report Format: PDF

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Apparel Market Share

In 2024, key companies like Hermes, Nike, TJX Companies, Dior, and Adidas held a combined market share of 25%-30%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Most apparel manufacturers are based in low-cost Asian countries like China, Bangladesh, India, and Vietnam. These regions offer affordable labor, cheaper raw materials, and efficient supply chains, enabling cost-effective production of high-quality apparel. Leading brands collaborate with celebrities and influencers to boost visibility and influence consumer choices, especially among younger audiences, maintaining a competitive edge globally. Apparel manufacturers are adopting technologies like AI, 3D printing, and augmented reality (AR) to enhance design, customization, and shopping experiences. Virtual fitting rooms and AI-driven recommendations are transforming consumers into engagement with brands.

Apparel Market Companies

Major players operating in the apparel industry are:

Adidas
Arvind Mills
Dior
Good Clothing Company
Hermes
Inditex
Kering
Los Angeles Apparel
Nike
Ralph Lauren
Ralph Lauren
Raymond
Royal Apparel
Tapestry
TJX Companies

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for apparel was valued at approximately USD 1.8 trillion in 2024 and is expected to reach around USD 2.5 trillion by 2034, driven by a CAGR of over 3.3% from 2025 to 2034, supported by rising disposable incomes and e-commerce expansion.

The women’s segment held a 52% market share in 2024 and is projected to grow at a CAGR of 3.6% from 2025 to 2034, driven by increasing demand for eco-conscious clothing and sustainable fashion practices.

The U.S. market was valued at approximately USD 420 billion in 2024 and is anticipated to grow at a CAGR of 3.8% from 2025 to 2034, driven by e-commerce growth, sustainability trends, and comfort-focused fashion.

Major players in the apparel industry include Adidas, Arvind Mills, Dior, Good Clothing Company, Hermes, Inditex, Kering, Los Angeles Apparel, Nike, Ralph Lauren, Raymond, Royal Apparel, Tapestry, and TJX Companies.