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
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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
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