Strong Growth Forecast for Global Clothing/Apparel Stores Market from 2024-2029
What
are the Historic and Projected Market Sizes for the Global Clothing/Apparel
Stores Market?
The clothing/apparel stores market has shown strong growth in recent years,
growing from $969.57 billion in 2024 to an estimated $1051.67 billion in 2025
at a compound annual growth rate (CAGR) of 8.5%. Factors contributing to this
growth can be attributed to the fast fashion phenomenon, evolving consumer
demographics, the influence of social media, e-commerce growth, marketing and
advertising strategies, and the evolution of mall culture.
Looking forward, the clothing/apparel stores market is expected to continue its
strong growth trajectory to reach $1381.43 billion in 2029, growing at a CAGR
of 7.1%. This growth is anticipated to be driven by adoption of sustainability
practices, demand for health and wellness apparel, recovery of the global
economy, rise in the popularity of athleisure, introduction of inclusive
sizing, and globalization of fashion. Key trends for this period include
emerging subscription and rental services, increased emphasis on customization
and personalization, challenges faced by fast fashion, rise of direct-to-consumer
(DTC) brands, and innovation in retail technologies
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What
are the Key Drivers of the Clothing/Apparel Stores Market?
The increasing demand for textiles and clothing is expected to fuel the growth
of the clothing/apparel stores market. Textiles and clothing refer to the wide
range of products, from fiber or yarn to apparel designed to protect wearers
from various elements. Whether used for manufacturing new textiles or in other
production chains, these materials cover summer or winter apparel, carpets,
household textiles, non-woven textiles, and fabrics, all of which are displayed
and sold by the stores, both online or offline. For instance, according to the
Confederation of Indian Textile Industry, textile and apparel exports from
India grew by 4.73% to $2,937.56 million in July 2023, compared to the same
month in the previous year.
How is
the Global Clothing/Apparel Stores Market Segmented?
1) By Type: Clothing Or Apparel Stores, Jewelry And Watch Stores, Optical Goods
Stores, Footwear Stores
2) By Type Of Store: Exclusive Showroom, Dealer Store
3) By Ownership: Retail Chain, Independent Retailer
4) By End-User: Men, Women, Kids Or Infants
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Who are
the Major Players in the Clothing/Apparel Stores Market?
Major companies operating in the clothing/apparel stores market include
Christian Dior SE, Nike Inc., Adidas Group, LVMH Moët Hennessy Louis Vuitton,
Industria de Diseño Textil S.A., Hennes & Mauritz AB, Phillips-Van Heusen
Corporation, Fast Retailing Co Ltd, Gap Inc., Zara International, Platoon
Stores Limited, Walmart Inc., Uniqlo Co Ltd., Penney OpCo LLC,Inditex, Bath
& Body Works Inc., Vanity Fair Mills, Ralph Lauren Corp, Levi Strauss &
Co., Under Armour Inc., American Eagle Outfitters Inc., Abercrombie & Fitch
Co., Columbia Sportswear Co., The Children's Place Inc., G-III Apparel Group
Ltd., Guess Inc., Perry Ellis International Inc., The Buckle Inc., Chico's FAS
Inc., Express Inc., Francesca's Holdings Corp., J. Crew Group Inc., Lands' End
Inc., Lululemon Athletica Inc., The TJX Companies Inc., Urban Outfitters Inc.,
Zumiez Inc., Eddie Bauer LLC.
What are the Emerging Trends in the Clothing/Apparel Stores Market?
Product innovation is the key trend gaining momentum in the clothing/apparel
stores market. Major companies are introducing innovative retail spaces to
cement their market position. For instance, in September 2022, 6thStreet.com, a
UAE-based online shopping portal, launched the region's first-ever phygital
store focusing on fashion. This tech-driven store combines the convenience of
digital browsing and purchases with the tactile experience of physical retail,
promising a seamless shopping journey for customers.
Which Region Dominates the Clothing/Apparel Stores Market?
In terms of geography, Europe held the largest share of the clothing/apparel
stores market in 2024. However, market potential exists across all regions
including Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, and Africa.
What Does The Clothing/Apparel Stores Market Report 2025 Offer?
Clothing or apparel stores retail ready-made clothing, attire, and wearable
items like hats, clothes, or bags from manufacturing companies. These stores
provide a platform for freelance fashion designers to display and sell their
creations. The Clothing/Apparel Stores Market research report from The Business
Research Company provides comprehensive data on global market size, growth
rate, regional market shares, competitor analysis, detailed segments, trends,
and opportunities.
Gain insights from this exclusive report by purchasing it here:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9820
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