Clothing and Footwear Market Size, Trends and Analysis by Regional and Category Performance, Brands and Forecast to 2028

Clothing and Footwear Market Size, Trends and Analysis by Regional and Category Performance, Brands and Forecast to 2028

Summary

The Global Sector Series: Clothing & Footwear report offers comprehensive insight and analysis of the Clothing & Footwear market, the major players, the key trends and consumer attitudes. The report also includes consumer data from 2023.

The global clothing and footwear market grew just 4.2% in 2023 to reach $2,086bn, hampered by subdued consumer confidence in Europe and the US amid high inflation, with growth driven by price increases rather than volume. Asia Pacific remains the largest region within the global clothing and footwear market, with its share expected to grow even further, jumping 3.5ppts between 2023 and 2028 to account for 39.5% of spend. Middle East & Africa’s share will grow slightly, from 3.0% in 2023 to 3.1% in 2028, boosted by affluent shoppers in Saudi Arabia and the UAE, but held back by geopolitical tensions from the Israel-Hamas war.

Scope

Growth will remain inhibited by inflation in 2024, rising just 2.6%
Asia Pacific’s market share is forecast to rise 3.5ppts between 2023 and 2028
Shein became the largest global retailer in 2023 due to its unbeatable prices and vast assortment

Reasons to Buy

• Gain a comprehensive view of the global clothing and footwear market and forecasts to 2028
• Explore new opportunities that will allow you to align your product offerings and strategies to meet demand
• Investigate current and forecast trends in clothing and footwear to identify the opportunities offering the most potential
• Understand who the main competitors are in the global clothing and footwear market and their price positioning