U.S. apparel market - statistics & facts | Statista
Oct 1, 2024 · In 2022, the revenue of the global apparel market reached 1.5 trillion U.S. dollars, and the industry is forecast to show positive growth. Revenue was estimated to rise to almost 2 trillion...
Apparel Market - Size, Trends, Industry Analysis & Overview
The global apparel market is witnessing a surge in growth, fueled by the e-commerce boom and an uptick in online shopping demand. This sector, encompassing women's, men's, and kids' wear made from man-made, cotton, animal, and vegetable fibers, satisfies a broad spectrum of consumer preferences.
The State of Fashion 2024 report | McKinsey - McKinsey & Company
Nov 29, 2023 · According to McKinsey’s analysis of fashion forecasts, the global industry will post top-line growth of 2 to 4 percent in 2024 (exhibit), with regional and country-level variations. Once again, the luxury segment is expected to generate the biggest share of economic profit. However, even there, companies will be challenged by the tough ...
The State of Fashion 2025: Challenges at every turn | McKinsey
2 days ago · The global fashion industry faces economic uncertainty, a dynamic market, and consumer behavior shifts. Finding pockets of growth means navigating a complex maze.
Global apparel market - statistics & facts | Statista
Oct 22, 2024 · The apparel we wear can be highly individualized, representing our mood, identity, and background but is also affected by global trends, such as economics, sustainability, and popular culture.
Us Apparel Industry Statistics Statistics: Market Data Report 2024
Jul 23, 2024 · • The U.S. apparel industry accounts for 0.8% of the country's GDP. • The U.S. apparel market is dominated by women's and girl's clothing, comprising 52% of total sales. • The U.S. is the largest importer of apparel worldwide, with imports totaling $80 billion in 2020.
2024 Apparel Industry Analysis: What Advisors Need to Know
Jun 4, 2024 · Morningstar researchers conduct our latest apparel industry analysis. Explore Q2 2024 insights on market trends, supply and demand, and more. Download now.
Apparel Market Size, Share & Growth Analysis Report, 2030
The global apparel market size was estimated at USD 1,709.76 billion in 2023 and is projected to grow at a CAGR of 4.1% from 2024 to 2030. The high spending on apparel by consumers is a key factor driving the market growth.
The State of Fashion 2025: Challenges at Every Turn | BoF
1 day ago · The ninth annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion’s data and advisory team, reveals that economic and geopolitical challenges, combined with shifts in customer values, will define a turbulent year ahead. Download the full report to understand the 10 themes that will shape the industry and the opportunities for growth in 2025.
Apparel - United States | Statista Market Forecast
The Apparel market in the United States is projected to grow by 1.86% (2024-2029) resulting in a market volume of US$393.30bn in 2029.