Decorated Apparel Market Size, Share, Growth, Trends and Industry Statistics Reportby Susan Hill Business Consultant
The 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
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Created on Dec 12th 2019 04:15. Viewed 186 times.