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 market is an extensive and dynamic sector, which entails a diverse array of products, from daily casual wear to high-end fashion. The evolution of consumer preferences and surging fast fashion is slated to impel the market growth. Moreover, the fast fashion model, which encompasses affordable pricing and rapid production cycles has brought a transformation in the dynamics of the clothing industry.

Fortune Business Insights™ provides this information in its research report, titled “Apparel Market, 2025-2032”.

Get a Sample PDF Report: https://www.fortunebusinessinsights.com/enquiry/sample/apparel-market-110718

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)

Segmentation:

Casual Wear/Fashion Wear Segment Led Due to Varying Consumers’ Lifestyles

In terms of type, the market is classified into casual wear/fashion wear, formal wear, swimwear, outerwear, sportswear & activewear, agricultural work clothing/farm apparel, work wear, ethnic wear, sleepwear, and others. The casual wear/fashion wear segment occupied the largest apparel market share in 2023 on account of variations in consumers’ lifestyles, which places more focus on utility and comfort.

Durable Nature of Synthetic Fiber to Impel Segment Growth