Apparel and Footwear Market Size Worth USD 6,960.98 Billion in 2032 | Emergen Research

The global apparel and footwear market size was USD 1,268.24 Billion in 2022 and is expected to register a steady revenue CAGR of 18.5% during the forecast period, according to latest analysis by Emergen Research. Increasing working population incorporating fitness regimes in their daily routine is a key factor driving market revenue growth.

Apparel and footwear are made up of diverse materials such as leather, rubber, plastic, and fabric. Among these, leather is one of the leading materials adopted for fabricating footwear. A 2022 survey conducted by First Insight and Baker Retailing Center at the Wharton School of University of Pennsylvania, in collaboration with the World Economic Forum, revealed that individuals across various age groups are now more willing to allocate larger portions of their budgets to sustainable products compared to their preferences two years ago.

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Consumers are incorporating regular exercise routines into their everyday activities, including visiting the gym, engaging in yoga sessions, or going for runs. Athleisure serves as a versatile choice that bridges the gap between traditional work attire and sportswear, offering a suitable option that aligns with the modern work-from-home setting. In addition, rising number of collaborations among athleisure brands is another key factor driving revenue growth of the market. For instance, on 4 May, 2023, PUMA and Formula 1 announced a long-term partnership that appoints PUMA as the official supplier of Formula 1 clothing, footwear, and accessories. This strategic alliance between PUMA and Formula 1 provides fans of the sport with an opportunity to express their passion for Formula 1 through their personal fashion preferences.

Some major companies in the global market report include

Nike, Inc., Puma SE, Adidas Group, Gap Inc., Calvin Klein, Inditex, S.A. (Zara), Ross Stores, Inc., Coach, Louis Vuitton, Chanel, Skechers USA, Inc., Biba Fashion Limited, Burberry Group plc, Asos plc, VF Corporation, H&M, Under Armour, Inc., NNNOW (Tommy Hilfiger Corporation), F21 IPCo, LLC., and New Balance, among others.

Key point summary of the report:
• The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.

• It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.

• The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.

• It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

• Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.

• The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.

• The report employs different analytical tools including, SWOT analysis, Porter's five forces analysis, and pricing analysis, to give precise market information.

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Emergen Research has segmented the global apparel and footwear market on the basis type, network type, price range, material, body size, gender, distribution channel, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Apparel
o Tops
1. T-Shirts
2. Shirts
3. Tank Tops
4. Hoodies
5. Sweatshirts
6. Others
o Bottoms
1. Trousers
2. Jeans
3. Leggings
4. Skirts
5. Culottes
6. Shorts
7. Formal Pants
8. Others
o Dresses
1. Maxi Dresses
2. Mini Dresses
3. Formal Dresses
4. Bodycon Dresses
5. Casual Dresses
6. A-Line Dresses
7. Wrap Dresses
8. Others
o Outerwear
1. Jackets
2. Blazers
3. Shrugs
4. Coats
5. Vests
6. Shrugs
7. Others
o Footwear
o Flats
1. Ballet Flats
2. Moccasins
3. Flip Flops
4. Oxfords
5. Espadrilles
6. Sandals
7. Others
o Heels
1. Stilettos
2. Wedges
3. Block Heels
4. Platform Heels
5. Kitten Heels
6. Pumps
7. Others
o Boots
1. Ankle Boots
2. Loafer Boots
3. Chelsea Boots
4. Knee-High Boots
5. Combat Boots
6. Hiking Boots
7. Riding Boots
8. Others
o Others
• Price Range Outlook (Revenue, USD Billion; 2019-2032)
o Luxury and High End
o Mid-Range
o Budget Friendly
• Material Outlook (Revenue, USD Billion; 2019-2032)
o Apparel Materials
1. Silk
2. Cotton
3. Polyester
4. Wool
5. Rayon
6. Nylon
7. Modal
8. Denim
9. Fleece
10. Others
o Footwear Materials
1. Leather
2. Faux Leather
3. Canvas
4. Mesh
5. Gore-Tex
6. Felt
7. Others
• Body Size Outlook (Revenue, USD Billion; 2019-2032)
o Plus Size Apparel and Footwear
o Petite Apparel and Footwear
o Tall and Extended Sizes
• Gender Outlook (Revenue, USD Billion; 2019-2032)
o Women
o Men
o Gender Neutral
• Distribution Channel Outlook (Revenue, USD Billion; 2019-2032)
o Departmental Stores
o Specialty Stores
o Internet Retailing
o Pop-up Shops and Markets
o Others

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