Global Garment Manufacturing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Garment Manufacturing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Garment manufacturing involves the use of fabrics to produce apparel for men, women or children.

Market Overview:

The latest research study on the global Garment Manufacturing market finds that the global Garment Manufacturing market reached a value of USD 423559.76 million in 2022. It’s expected that the market will achieve USD 472630.0 million by 2028, exhibiting a CAGR of 1.84% during the forecast period.

Technological advances in material sciences is stimulating the demand for smart fabrics.

Technological advances in material sciences and nano technology is stimulating the demand for smart fabrics. Smart fabrics have digital components such as sensors embedded in the fabric. They have the ability to interact with the individual and their environment, by tracking and communicating data about the individual and environment to other devices through sensors and conductive yarns. They are widely used in fashion, entertainment, medical, transportation, sports and fitness and military.
For instance, Ralph Lauren in 2014 launched technology enabled tennis shirts that monitored hear rate, breathing and stress levels among players.

Rising labor costs affect garment manufacturing

In order to distribute profits, manufacturers generally allocate processing links with low value-added rates and low profit shares to countries and regions with labor-intensive and low-paid wages. For example, Southeast Asian countries, but with the growth of the global economy, rising labor costs in Southeast Asian countries, insufficient power generation, shortage of infrastructure, and incomplete laws and land systems are all issues that constrain the development of apparel companies.

The use of sustainable materials will create opportunities for the market.

The growing awareness on the adverse effects of textile industry on environment is encouraging customers to opt for sustainable materials. Unlike natural materials, synthetic fibers take long time to decompose as they are made from petroleum products. Biological materials like spider silk are light and have tensile strength that are used in making garments. Some of the companies also started creating a decomposable synthetic version of spider silk.
For example, Spiber Inc., a Japanese biomaterials specialist, was the first to produce artificial spider silk. The company uses genetically modified E.coli to produce the silk proteins which are used to produce silk fibers. These materials will create opportunities for the market.

Region Overview:

China dominated the Garment Manufacturing market in 2022, with a market share of 47.82%.

Company Overview:

Shenzhou is one of the major players operating in the Garment Manufacturing market, holding a share of 0.72% in 2023.

Shenzhou

Shenzhou International Group Holdings Co., Ltd. and its subsidiaries are China's largest vertical integrated knitting manufacturers, which integrates four complete processes of weaving, dyeing, printing, cutting and sewing. Knitwear, including sportswear, casual wear, underwear, pajamas, etc.

Jihua Group Corporation Limited

Jihua Group Corporation Limited manufactures and distributes military light industrial products in China and internationally.

Segmentation Overview:

By type, Trousers segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Women segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Garment Manufacturing market covered in Chapter 3:

Jihua Group
Busana Apparel Group
Shenzhou
Youngor Group
Arvind Mill
Raymond Ltd
Pt. Multi Garmenjaya
Anta Sports
Sritex
Loyal Textiles Mills Ltd
Mandhana Industries LTD
PT Dan Liris

In Chapter 4 and Chapter 14.2, on the basis of types, the Garment Manufacturing market from 2018 to 2029 is primarily split into:

Blouses and Shirt-Blouses
Jackets and Blazers
Jerseys and Pullovers
Parkas
Skirts and Divided Skirts
Sarongs
Bib and Brace Overalls
Trousers
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Garment Manufacturing market from 2018 to 2029 covers:

Men
Women
Children
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)