Decorated Apparel Market Size, Share, Growth, Trends and Industry Statistics Report
by Susan Hill Business ConsultantThe
global decorated apparel market size is expected to reach
USD 55.23 billion by 2025 registering a CAGR of 10.91%, according to a new
report by Grand View Research, Inc. Rise in demand for decorated apparels due
to along with the increased consumer purchasing power drives the growth of the
market. Increasing number of offline channels, such as fashion stores, design stores,
and specialty stores, has also contributed to the growth of the market.
Moreover,
changing fashion trends across the globe are expected to impel market growth
over the forecast period. Use of reflective patterns on tees and hoodies in the
entertainment sector is also boosting the market growth. North America is
anticipated to ascend at the fastest CAGR on account of increased sales of
products. In U.S., retail sales of women’s wear (shirts and tees) surpassed USD
33.5 billion in the year 2018. In addition, attractive offers on such products
due to constantly increasing demand, especially in the graphic tees and tops
category, have contributed to the growth of the regional market for decorated
apparel.
In U.S., the
sales of the apparel market was around USD 69.62 billion in 2018 and is
expected to grow at a strong CAGR over the forecast period (from 2019 to 2023).
Furthermore, high demand for products in sportswear segment across the region
is likely to support market growth. Rise in consumer disposable income and
demand for premium and branded products across different end-user segments are
also estimated to propel the region’s growth.
Further key
findings from the study suggest:
- In terms of
revenue, screen printing products segment is projected to ascend at the
maximum CAGR of 12.73% over the forecast period
- Women end-user
segment led the global decorated apparel market in 2018 and accounted for
a total share of more than 65%
- Asia Pacific
was the dominant regional market in 2018 and is projected to maintain its
dominance throughout the forecast years
- The global
market is highly competitive. Some of the key companies include Gildan
Activewear, Russel Brands, Downtown Custom Printwear, Master Printwear,
Hanesbrands, Delta Apparel, and Advance Printwear
- These companies
focus on new product launches, capacity expansions, and technological
innovations to estimate the existing and future demand patterns from
upcoming product segments
Access
full research report on global decorated apparel market:
www.grandviewresearch.com/industry-analysis/decorated-apparel-market
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Created on Dec 12th 2019 04:15. Viewed 431 times.