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Apparel Market Size
- Report ID: GMI12786
- Published Date: Dec 2024
- Report Format: PDF
Apparel Market Size
The global apparel market was valued at USD 1.8 trillion in 2024 and is estimated to grow at a CAGR of over 3.3% from 2025 to 2034.
The global apparel industry is growing steadily, driven by e-commerce expansion, rising disposable incomes, changing consumer preferences, social media influence, and the popularity of athleisure and casual wear. Online shopping has transformed apparel purchases, with increased internet access and mobile usage offering convenience, better deals, and more options. Rising disposable incomes in regions like Asia-Pacific, Latin America, and Africa have boosted spending on diverse, higher-quality apparel. Fast fashion is thriving as consumers seek affordable, trendy clothing, while sustainable fashion is gaining traction among eco-conscious buyers who prefer ethical production and transparent supply chains.
| Report Attribute | Details |
|---|---|
| Base Year: | 2024 |
| Apparel Market Size in 2024: | USD 1.8 Trillion |
| Forecast Period: | 2025 – 2034 |
| Forecast Period 2025 – 2034 CAGR: | 3.3% |
| 2025 – 2034 Value Projection: | USD 2.5 Trillion |
| Historical Data for: | 2021 – 2024 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 180 |
| Segments covered: | Product Type, Material, Price, Consumer Group and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Furthermore, global media exposure has made fashion trends more accessible, increasing demand for luxury and mass-market brands. Consumers are exploring diverse cultural styles, expanding market variety. Sustainability and ethical practices are driving demand for eco-friendly brands. Additionally, health-conscious consumers are fueling the growth of activewear and athleisure, blending athletic and casual wear.
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Apparel Market Scope
