The Global Apparel Manufacturing Market Is Valued At Over USD 795 Billion

Posted by praneeth on July 17th, 2018

Apparel Manufacturing establishments are engaged in the manufacturing of hosiery, socks, knitting of fabric, cutting and sewing of apparel and accessories and their sale.

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The market is valued at more than USD 795 billion in 2017 due to the high demand from the developing countries.

In the report, the global apparel manufacturing market is divided into three segments. More than half of the market is occupied by the women’s wear whereas, around two-fifth is occupied by the men’s wear and the remaining market share is occupied by the kids wear.

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China was the largest country in the apparel manufacturing market in 2017, accounting for nearly one-fifth of the market share. This can be attributed to a high demand for men and women wear fueled by a large middle-class population. The USA and the UK followed China as the next largest countries in the market.

The apparel manufacturing market is fragmented with a number of large and small organizations. The top five competitors in the market made up 9% of the total market share in 2017. Christian Dior SE was the largest competitor of the market, followed by H&M AB, VF Corp, NIKE Inc. and Adidas AG. Christian Dior SE is a holding company engaged in the production, distribution, and retail of fashion accessories and beauty products. The company operates retail stores under the names Le Bon Marché, DFS Galleria, Sephora, Ile de Beauté and Ole Henriksen.

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