Clothing and Footwear Market Size, Key Trends, Regional and Category Performance, Competitive Landscape and Top Retailers to 2029

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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 2024.

The global clothing & footwear market showcased subdued growth of 0.7% in 2024 as consumers were wary of spending on non-essentials due to high inflation and economic uncertainty. The market is forecast to see slightly greater growth of 2.2% in 2025 as global consumer sentiment has started to recover, allowing demand for apparel to resurface. However, growth in the market will be subdued, remaining at 2.2% in 2026 as consumer sentiment remains brittle and consumers focus on buying fewer, better-quality items to create capsule wardrobes, and as secondhand apparel continues to gain traction. The sector’s growth will be propelled by the online channel which is forecast to outpace the overall clothing and footwear market with a CAGR of 3.5% between 2024 and 2029 to achieve a penetration of 29.2%, with $688.2bn in sales by 2029.

Key Highlights

Growth in the global apparel market is forecast to pick up in 2025, following stagnant growth in 2024

The online market will continue to outperform, driven by technical innovations such as AI

Asia Pacific will register timid growth out to 2029, hindered by economic struggles in China

Reasons to Buy

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

Zalando
H&M
Mango
Old Navy
Shein
Temu
Nike
Farfetch
ASOS
PrettyLittleThing
Alo Yoga
Tala
Vuori
On
Hoka
Adidas
Zara
UNIQLO
Louis Vuitton
Skechers
New Balance
Primark
Puma
Hermes
Lululemon
Chanel
Levi's
Target
Jordan
Decathlon
Tommy Hilfiger
Represent
Onitsuka Tiger
Satisfy
Dissh

Table of Contents

01. Executive Summary

02. Key Trends in the Global Clothing & Footwear Market

Drivers & Inhibitors

Investment in AI enables retailers to improve efficiency and cut costs

Rising tariffs are pressuring apparel retailers to restructure supply chains

Formalwear resurges alongside growing preference for versatile clothing

Strategies for Success

03. Global Market Size, 2019-2029

04. Regional Performance, 2019-2029

05. Category Performance, 2019-2029

06. Competitive Landscape: Market Shares & Retailer Profiles

Top 20 retailers 2022 & 2023

retailers in Focus: Adidas

retailers in Focus: Primark

retailers in Focus: H&M

retailers to Watch

Methodology

Contact us

Table

Channels used to purchase Clothing & Footwear in Key Markets, 2023

Factors That Most Influence Clothing & Footwear Purchases in Key Markets

Figures

Global Apparel Market Value ($ bn) 2019-2029, and Annual Growth (%)

Global Apparel Online Market ($ bn) and Online Penetration (%), 2019-2029

Channel Shares (%) within the Global Apparel Market, 2019, 2024 & 2029(f)

Share of Global Apparel Market by Region (%) 2019, 2024 & 2029(f)

Channel Shares (%) within the Global Clothing & Footwear Market, 2018, 2023 & 2028(f)

Share of Global Clothing & Footwear Market by Region (%) 2018, 2023(f) & 2028(f)

Top 10 Global Apparel Markets by Value ($ bn), 2019, 2024 & 2029(f)

Top 10 Global Apparel Markets by CAGR (%) 2024-2029

Top 10 Global Apparel Markets by Online Sales ($ bn), 2019, 2024 & 2029(f)

Share of Global Apparel Market by Category (%) 2019, 2024(e) & 2029(f)

Top 20 retailers by Market Share (%), 2023, 2024, and 2025 with Change in Share 2024-2025 (ppts)

Adidas’ Global Apparel Market Share (%) 2019*2025

Primark’s Global Apparel Market Share (%) 2019-2025

H&M’s Global Apparel Market Share (%) 2019-2025

Clothing and Footwear Market Size, Key Trends, Regional and Category Performance, Competitive Landscape and Top Retailers to 2029 standard reports
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