Women`s Apparel

Women`s Apparel

Global Women`s Apparel Market to Reach US$1.2 Trillion by 2030

The global market for Women`s Apparel estimated at US$884.4 Billion in the year 2023, is expected to reach US$1.2 Trillion by 2030, growing at a CAGR of 4.4% over the analysis period 2023-2030. Shirts, Blouses, Dresses & Skirts, one of the segments analyzed in the report, is expected to record a 6.1% CAGR and reach US$263.9 Billion by the end of the analysis period. Growth in the Trousers segment is estimated at 5.3% CAGR over the analysis period.

The U.S. Market is Estimated at US$233.9 Billion While China is Forecast to Grow at 7.0% CAGR

The Women`s Apparel market in the U.S. is estimated at US$233.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$260.4 Billion by the year 2030 trailing a CAGR of 7.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Global Women`s Apparel Market - Key Trends and Drivers Summarized

Women`s apparel encompasses a diverse range of clothing and accessories specifically designed for women. This category includes garments tailored from a variety of fabrics, with a particular emphasis on high-quality materials and fabrics often chosen for their durability, comfort, and ability to be crafted into sophisticated, tailored garments suitable for various formal and professional settings. Women`s apparel not only focuses on the aesthetic and functional aspects of clothing but also incorporates the latest fashion trends and technological advancements to meet the evolving preferences and demands of contemporary women. Rising disposable incomes are a major driver, as economic development around the world grants women greater purchasing power, leading to increased spending on clothing and personal appearance. The expanding global female workforce is also influencing demand, with women seeking professional attire that reflects their confidence and authority in the workplace. One of the most significant growth drivers in the women`s apparel market is the rise of e-commerce and digital fashion. The proliferation of online shopping platforms has revolutionized how consumers purchase clothing. With the convenience of browsing and buying from home, coupled with the availability of detailed product descriptions, reviews, and virtual try-on technologies, online shopping has become a preferred method for many. Digital fashion shows, social media influencers, and targeted online advertising have also played crucial roles in shaping consumer preferences and driving sales. The integration of artificial intelligence (AI) and machine learning in e-commerce platforms helps in personalizing the shopping experience, offering tailored recommendations based on consumer behavior, and thus boosting customer satisfaction and loyalty.

Sustainability and ethical fashion are increasingly becoming central trends in the women`s apparel market. As consumers become more environmentally conscious, there is a growing demand for apparel brands that prioritize sustainable practices. This includes using eco-friendly materials, adopting ethical manufacturing processes, and ensuring fair labor practices. Brands that embrace transparency in their supply chains and engage in social responsibility initiatives are gaining favor among consumers. The rise of circular fashion, which promotes recycling and reusing clothing, is also gaining traction. Companies are introducing take-back programs and using recycled fabrics to minimize their environmental footprint. This trend towards sustainability is not only driven by consumer demand but also by stricter environmental regulations and the need for the fashion industry to reduce its overall impact on the planet.

Inclusivity and diversity are pivotal trends reshaping the women`s apparel market. There is a growing recognition of the need to cater to a broader range of body types, sizes, and cultural preferences. Brands are increasingly offering extended size ranges, adaptive clothing for those with disabilities, and designs that reflect cultural diversity. Marketing campaigns are becoming more inclusive, featuring models of different ages, ethnicities, and body shapes to resonate with a wider audience. Despite the promising outlook, the women`s apparel market faces several challenges. Intense competition among established brands and emerging players creates a fiercely competitive environment. Additionally, increasing consumer concern about the ethical and environmental impact of clothing purchases pressures brands to adopt sustainable practices. Global economic uncertainties also pose potential threats to consumer spending power and market growth.

Select Competitors (Total 202 Featured) -

• Adidas AG
• All American Clothing Co.
• Amer Sports Corporation
• Angel Schlesser SL
• Arcadia Group Ltd.
• Arvind Ltd.
• Banana Republic
• Benetton Group Srl
• Bruno Banani Underwear GmbH
• C&A Mode GmbH & Co. KG
• Calvin Klein, Inc.
• Camuto Group
• Carrera SpA
• Chanel SA
• Cherokee Global Brands
• Cintas Corporation
• Cobra Golf
• Creazioni Elena Srl
• Damella AB
• Danskin, Inc.
• Debenhams Retail PLC
• Delta Galil Industries Ltd.
• Destination Maternity Corporation
• Dillard's, Inc.
• Empreinte SAS
• Ennis, Inc.
• ESCADA Online GmbH
• ESPRIT Holdings Ltd.
• Etienne Aigner AG
• Exilia Gaia Srl
• ExOfficio LLC
• Five Foxes Co., Ltd.
• French Connection Group PLC
• Fruit of The Loom, Inc.
• Fukusuke Corporation
• Gap, Inc.
• G-III Apparel Group Ltd.
• Gildan Activewear, Inc.
• Gini & Jony Ltd.
• Giorgio Armani SpA
• Givenchy Paris
• Guccio Gucci SpA
• Guess, Inc.
• Gymboree Group, Inc.
• H & M Hennes & Mauritz AB
• Hanesbrands, Inc.
• Happy Socks AB
• Highland Mills, Inc.
• Hong Heng Industries Pte., Ltd.
• Hugo Boss AG
• J. C. Penney Co., Inc.
• J. Crew Group, Inc.
• Jeanswest Corporation Pty., Ltd.
• JLM Couture, Inc.
• Jockey International, Inc.
• Joe's Jeans, Inc.
• Jones New York
• Jordache Enterprises
• Kate Spade & Company
• Kayser-Roth Corporation
• Kellwood Company LLC
• Kenneth Cole Productions, Inc.
• Kohl's Corporation
• Komar, Inc.
• L Brands, Inc.
• Lafuma SA
• Lands' End, Inc.
• Lane Bryant, Inc.
• Laura Biagiotti (Biagiotti Group SpA)
• Leineweber GmbH & Co., KG.
• Levi Strauss & Co.
• LT Apparel Group
• Macy's, Inc.
• Marimekko Corporation
• Marks & Spencer PLC
• Marni Group Srl
• Mascot International A/S
• Naturana Dolker GmbH & Co. KG
• Nike, Inc.
• Nordstrom, Inc.
• Nubian Skin Ltd.
• On The Go Hosiery, Inc.
• O'Neill Clothing
• OshKosh B'gosh, Inc.
• Oxford Industries, Inc.
• Perry Ellis International, Inc.
• Pierre Balmain SAS
• Preca Brummel SpA
• Progetto Moda Srl
• PVH Corporation
• Quiksilver, Inc.
• Ralph Lauren Corporation
• Reebok International Ltd.
• Saks Fifth Avenue
• Sears Holdings Corporation
• Spanx, Inc.
• Speedo International Ltd.
• Target Corporation
• Ted Baker London
• The Antigua Group Inc.
• The Limited LLC
• The TJX Companies, Inc.
• TOM TAILOR Holding SE
• Triumph Global Sales AG
• Under Armour, Inc.
• Uniqlo Co., Ltd.
• Van Laack GmbH
• VF Corporation
• Victoria's Secret
• Wacoal Holdings Corporation
• Watters Designs, Inc.

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