Garments Market to register high revenue growth at 4.4 % CAGR during 2018 – 2023

The report “ Garments Market” The quick adoption of advanced analytics and visualization, and the expand use of outward data sources are the major drivers of the Garments Market. The report high point, potential growth opportunities in the coming years and covers a review of the market drivers, growth measure, competitive landscape, market dynamics, opposition and other Garments feature to the Garments Market.

Global Garments Market overview:

The report of global Garments Market includes the competitive landscape section which provides the full and in-depth analysis of the current market trends, changing technologies and developments that will be beneficial for the companies, which are competing in the market. The report lets you have an edge across the targeted regions with the comprehensive competitive framework. The report offers an overview of revenue, demand, and supply of data, futuristic cost, and growth analysis during the projected the year.

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The Garments Market is expected to witness sustained growth over the forecast period (2019-2023). The growth of the Garments market is driven as there is favourable growth in the industry is a major factor which will boost the global Garments market. The global Garments Market consists of a large pool of players. Vendors in this market are seen focusing on development of novel marketing strategies and ideas in order to carve a niche position for themselves. Prominent focus is being put towards the launch of new products, create a brand reputation, and gain a strong foothold in the global Garments Market.

According to Netscribes, the global garments market is projected to expand at a compound annual growth rate (CAGR) of 4.4% during the 2018–2023 period, generating revenue worth USD 1910.7 Bn by 2023. High-end and luxury brands are moving towards a ‘see-now-buy-now’ model, in order to capitalize on consumers’ inclination for discretionary expenditure, thereby appealing to their desire for instant gratification. Reshoring (in the United States and Europe) and sustainable production are Inditex, Kering, L Brands strategies of manufacturers who are making significant investments in order to gain higher social acceptance, and to ensure faster deliveries with provisions for customizations.

The global Garments Market can be segmented based on Gender and Type of Product (women’s and Girls Apparel, Men’s and Boys Apparel, Intimates, Hosiery, Sports and Swimwear, Clothing Accessories and others), and based on distribution channel (Online and Offline).

Gender and type of product segment insights, Women’s and men’s apparel section generates 63.8% of the revenue, and the rest is accounted for by hosiery, sports and swimwear, intimate apparel, and clothing accessories. Garments marketed as fast-fashion designs have a high number of takers, especially in the emerging markets. A rising middle class in emerging markets, along with their improved fashion-consciousness, is driving increased per capita expenditure. Market players are focusing on ensuring that the latest fashion trends can be incorporated into their offerings and they hit stores in a matter of weeks, resulting in the undercutting of specialist players who once led the industry.

Distribution channel segment insights,Most of the market is still controlled by brick and mortar stores, though the growth rate of offline distribution is meagre. However, sale of garments online is expected to grow at a significant rate during the forecast period. In North America, 81% of sales in 2018 is expected to be through offline stores.

According to geography                In 2017, Asia-Pacific was the dominant garments market. During the 2018-2023 period, among all the regions across the globe, Latin America is expected to exhibit the highest CAGR of 6.8%. However, in 2017, in the U.K., revenue contribution from the men’s and boys’ apparel section stood at 24.5%.

Some of the major players that operate in the Global Garments Market are Gap Inc, H&M, Inditex, Kering, L Brands, LVMH, Nike, Adidas, Calvin Klein, Burton

Garments Questions Answered in this Report:

  1. What will the Garments Market size be in 2023?
  2. What are the Inditex, Kering, L Brands factors driving the Global Garments Market?
  3. What are the challenges to market growth?
  4. Who are the Inditex, Kering, L Brands players in the Global Garments Market?
  5. What are the market opportunities and threats faced by the Garments players?

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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Table of Contents:

Global Garments Market Report 2019

There are 12 Chapters to thoroughly display the Garments Market. This report included the analysis of market overview, market characteristics, industry chain, competition landscape, historical and future data.

Chapter 1: Executive summary

Chapter 2: Global Garments market- market overview

Chapter 3: North America Garments market- market overview

Chapter 4: Europe Garments market- market overview

Chapter 5: Asia Pacific Garments market- market overview

Chapter 6: Latin America Garments market- market overview

Chapter 7: Middle East and Africa Garments market- market overview

Chapter 8: Competitive landscape

Chapter 9: Conclusion

Chapter 10: Appendix

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