Americas Apparel Market Size and Trend Analysis by Category, Retail Channel, Supply Chain, Consumer Attitudes, Brands and Forecast to 2027
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Americas Apparel Market Overview
The Americas apparel market size was valued at $715.5 billion in 2022. The market will grow at a CAGR of more than 3% during 2022-2027. The Americas apparel market report offers data that showcase the trends in the market and sectors by value and volume. It also reveals the brand leaders by market share in 2022 in each of the categories as well as the entire apparel market of the Americas.
Americas Apparel Market Outlook 2022-2027 ($ Billion)
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This Americas apparel market research report provides historical and forecast period data for total apparel sales in the Americas. This report offers a detailed analysis of the market with the impact of recent events on customer shopping behavior, key apparel retailers, and sectors.
| Market Size (2022) | $715.5 Billion |
| CAGR (2022-2027) | >3% |
| Forecast Period | 2023-2027 |
| Historical Period | 2017-2022 |
| Key Countries | · The US
· Canada · Brazil · Mexico · Argentina |
| Key Channels | · Clothing, Footwear, and Accessories Specialists
· Department Stores · Other Online Retail · Online Specialists · Hypermarkets, Supermarkets, and Hard Discounters · Other Offline Channels |
| Key Categories | · Clothing
· Accessories · Footwear |
| Key Brands | · Nike
· Lululemon · Adidas · Shein · Old Navy |
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Americas Apparel Market Drivers
Latin America is expected to significantly contribute to the Americas’ apparel market growth over the next few years, especially in Peru and Brazil. The strong growth in these developing economies and the rise in the population are boosting the performance of the market. An increase in digitalization by apparel brands to improve their websites for smoother shopping experiences will also support market growth. For instance, Walmart has recently re-designed its website and app to make it more user-friendly. Additionally, last year the company introduced a styling feature to recommend items that can be paired with an item to build a complete outfit.
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Americas Apparel Market Segmentation by Countries
The US dominated the Americas apparel market in 2022.
The key countries of the Americas apparel market are the US, Canada, Brazil, Mexico, and Argentina among others. The US was followed by Canada and Brazil in 2022.
Americas Apparel Market Analysis by Countries, 2022 (%)
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Americas Apparel Market Segmentation by Categories
The clothing category dominated the Americas apparel market in 2022.
The key categories of the Americas apparel market are clothing, accessories, and footwear. Womenswear, menswear, and childrenswear are the key sub-categories of the clothing category. Sales of the womenswear category is attributed to the return to offices trend and a resurgence in social events. The category is anticipated to witness the strongest growth of all clothing categories in the coming years as women remain conscious of keeping up with the latest trends.
Americas Apparel Market Analysis by Categories, 2022 (%)
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Americas Apparel Market Segmentation by Channels
The key channels of the Americas apparel market are the clothing, footwear, and accessories specialists, department stores, other online retail, online specialists, hypermarkets, supermarkets, and hard discounters, and other offline channels. Clothing, footwear, and accessories specialists had the largest share in 2022. However, the share of apparel sales through online specialists in the Americas is set to increase significantly between 2022 and 2027 owing to the rise in shoppers who seek more convenient and faster shopping options.
Americas Apparel Market Analysis by Channels, 2022 (%)
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Americas Apparel Market – Competitive Landscape
The key brands in the Americas apparel market are:
- Nike
- Old Navy
- Lululemon
- Adidas
- Shein
In 2022, Nike led the Americas apparel market and is a mass market player. Nike’s significant lead in the market is attributed to the continued outperformance of activewear.
The report provides a market positioning map of the other top 10 brands for 2022.
Americas Apparel Market Analysis by Brands, 2022 (%)
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Key Segments Covered in the Americas Apparel Market Report
Americas Apparel Category Outlook (Value, $ Billion, 2017-2027)
- Clothing
- Accessories
- Footwear
Americas Apparel Countries Outlook (Value, $ Billion, 2017-2027)
- The US
- Canada
- Brazil
- Mexico
- Argentina
Americas Apparel Channels Outlook (Value, $ Billion, 2017-2027)
- Clothing, Footwear, and Accessories Specialists
- Department Stores
- Other Online Retail
- Online Specialists
- Hypermarkets, Supermarkets, and Hard Discounters
- Other Offline Channels
Scope
This report offers:
- A detailed analysis of the apparel market in Americas.
- The impact of recent events on the market.
- Analysis of recent events on customer shopping behavior, key apparel retailers, sector analysis, trends, and retailer reactions.
Key Highlights
The Americas’ apparel market is forecast to grow at a CAGR of 3.3% between 2022 and 2027 as inflation squeezes consumers’ incomes. Online channel to outperform during the forecast period due to multichannel players’ technological advancements. Outperformance of sportswear drives Nike and Lululemon to gain market share
Reasons to Buy
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of recent events on the apparel market in the Americas.
- Investigate current and forecast trends in the Americas apparel market to identify potential business opportunities.
- Understand the competitive landscape and price positioning to gain a foothold in untapped opportunities.
Lululemon
Walmart
Forever 21
Old Navy
Michael Kors
Everlane
Dickies
Nike
Adidas
Table of Contents
Frequently asked questions
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What was the Americas apparel market size in 2022?
The Americas apparel market size was valued at $715.5 billion in 2022.
-
What will the growth rate of the Americas apparel market be in the forecast period?
The Americas apparel market is expected to grow at a CAGR of more than 3% during 2022-2027.
-
Which category dominated the Americas apparel market in 2022?
The clothing category dominated the Americas apparel market in 2022.
-
Which are the key brands in the Americas apparel market?
Old Navy, Lululemon, Old Navy, Adidas, Shein, and Nike among others are a few of the key brands in the Americas apparel market.
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