Market Research Reports Global Garments Market 2018-2023.docx | Page 2

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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