Global Apparel Market (2022 to 2031) – Featuring Nike, Adidas, and Hanesbrands, among others – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The Report “Global Apparel Market Report 2022, By Type, By Distribution Channel, By Fiber Type” has been added to from ResearchAndMarkets.com offer.

This report provides strategists, marketers, and senior management with the essential information they need to assess the global apparel market as it emerges from the COVID-19 shutdown.

The global apparel market is expected to grow from $551.36 billion in 2021 to $605.4 billion in 2022 at a compound annual growth rate (CAGR) of 9.8%. The market is expected to reach $843.13 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%.

Companies cited

  • Nike Inc.

  • VF Corp.

  • Adidas S.A.

  • Hanesbrands Inc.

  • Levi Strauss & Co.

  • Kering S.A.

  • Under Armor Inc.

  • mitsui

  • Berkshire Hathaway Inc.

  • Itochu Corp.

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The apparel market includes sales of apparel by entities (organizations, independent traders, and partnerships) that produce apparel. Apparel producers cut and sew (i.e. purchase fabric and cut and sew to make a garment) and/or produce garments by first knitting fabric, then cutting and sewing fabric to make it into a garment.

The apparel manufacturing industry includes entities that manufacture full lines of ready-to-wear and bespoke garments: apparel contractors, performing cutting or sewing operations on materials owned by others , wholesalers, performing entrepreneurial functions involved in the manufacture of garments, tailors, making bespoke garments for individual customers and entities which combine knitting with the production of complete garments, but excluding producers of uncombined knitwear with the production of complete garments.

The main types of clothing are women’s clothing, men’s clothing and children’s clothing. Clothing specifically designed for women is called women’s clothing. The different types of fibers include synthetic fibers, cotton fibers, animal fibers, vegetable fibers and are distributed through various channels such as retail stores, online stores.

Western Europe was the largest apparel market region in 2021. Asia-Pacific was the second largest apparel market region. Regions covered in Apparel Market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The growing demand for online shopping is expected to help the growth of the apparel manufacturing market. Manufacturers can now sell their products on a wider platform than before, which will geographically increase their customer base, driving the growth of the apparel manufacturing market. In countries like India, for example, e-commerce portals boosted sales of traditional clothing by giving greater exposure to producers who were confined to a geographic area where the weaving community was located.

The coronavirus disease (COVID-19) outbreak acted as a massive restraint on the apparel manufacturing market in 2021 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments around the world.

Measures taken by national governments to contain transmission have led to a halt in manufacturing activities and a drop in economic activity, with countries entering a state of “lockdown” and the epidemic having a negative impact on the businesses throughout 2021 and into 2021. However, the apparel manufacturing market is expected to recover from the shock during the forecast period as it is an event “black swan” and not related to persistent or fundamental weaknesses in the market or the global economy.

Apparel manufacturing companies are investing in computer-controlled embroidery systems to increase efficiency and reduce operating costs. These are sewing-embroidering machines equipped with a computer-controlled system, specially designed for efficient embroidery.

This industrial and commercial equipment is capable of automatically creating a design on the fabric, from a pre-programmed digital embroidery design. There are single-needle machines that require manual intervention for thread change activity, and multi-needle sewing-embroidery machines with multiple sewing heads, which require an input sequence for automatic color change. .

These machines can produce special fabric effects, chain stitch embroideries, sequins, appliqués, die cuts and more, automatically using specified inputs in digital format. These machines are capable of performing functions such as editing and loading designs, creating a digitized design file, monitoring the entire embroidery process.

The major companies providing computerized embroidery machines for efficient garment manufacturing are Richpeace, ZojeDayu, Happy, Unix, and Damei.

For more information on this report visit https://www.researchandmarkets.com/r/lt9t96

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