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Global Apparel, Footwear, and Accessories Market Analysis and Global Forecast (2022-2030) with COVID Impact Analysis

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Global Apparel, Footwear, and Accessories Market Research Report: Information by Type (Apparel, Footwear, and Accessories), by Distribution Channel (Department stores, Boutiques, Retailers, Speciality stores, Online), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2030

Report Code: EB_ICT | Page: 150 | Published Date: Upcoming

Categories: Consumer & Goods, Retail Tags: Apparel Footwear and Accessories Companies, Apparel Footwear and Accessories Industry, Apparel Footwear and Accessories Market Analysis, Apparel Footwear and Accessories Market Forecast, Apparel Footwear and Accessories Market Growth, Apparel Footwear and Accessories Market Restraints, Apparel Footwear and Accessories Market Share, Apparel Footwear and Accessories Market Size, Apparel Footwear and Accessories Market Trends
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Description

Market Overview

global Apparel, Footwear, and Accessories market size are projected to grow at a CAGR of XX% from 2022 to 2030.

The apparel industry is represented by those companies that manufacture, produce, and deliver garments ancillary to the task of adorning and covering the human body. All prominent participants in the global apparel manufacturing sector specialize exclusively in one or more of three alternative consumer orientations: that which caters to personal hygiene needs (bathing suit manufacturers, underwear makers), clothing needs (wearable accessories like ties and shoes), or clothes for a purpose (soldiers’ uniforms and protective attire of all types). Footwear is being used to protect the feet from the textures and temperature of the ground, or even gravel roads. There are many different materials that footwear can be made out of such as leather, plastic, rubber, or fabric. In the accessories industry, manufacturers and retailers have to provide consumers with various items like hats, sunglasses, belt buckles, diaper pins, earrings, necklaces, baby bibs, and numerous other types of jewelry.

COVID-19 Impact Analysis

The impact of COVID-19 has affected negatively not only the distribution and sales in different products across several industries but also crushed the supply of raw materials. Many countries have been under lockdown which has effectively stopped them from trading with other countries or regions, to control its spread. The impact on logistics halted supplies from getting from places that use these raw materials where it’s available to areas that need them. This is affecting countries whose capacity to produce products has been cut in half or more resulting in a shortage of products and a potential price rise. This is overall expected to cause a price rise in products in the short run, depending on how quickly things return back to normal once the epidemic subsides.

Apparel, Footwear, and Accessories Market Dynamics

Rising demand from customers for high-quality products at affordable prices, fast fashion, improved logistics and supply chain management, growth in textile and apparel coats, seasonality, inflation rates, low-cost manufacturing centers and increase in e-commerce are creating growth opportunities for the global apparel footwear and accessories market. However, fluctuating raw material prices and fluctuating demand for products due to changes in fashion trends and seasonality may act as a challenge to the market growth.

Drivers

Ø  Rapid growth due to digital marketing

Marketing online for fashion products has become more and more popular over the recent years as consumers gradually became more comfortable shopping for clothes via their computers and other handheld devices. The increase in online apparel sales stems mainly from web-only startups. A boosted exposure to e-commerce and the internet has improved the fashion consciousness of customers. Consumers are better able to access high-end brand clothing, as well as limited edition products. Having influencers marketing these products is also responsible for a jump in sales, but it is still unknown how much impact they are having on this marketplace specifically. With 71% of social media marketers reporting that they have an influencer marketing budget, it seems as though influencer marketing has become a tactic that marketers find valuable, especially when trying to promote fashion products online.

Restraint:

  • Fast fashion trends and fluctuating costs

Changes in consumer spending and lifestyles, unfavorable weather conditions, rising labor, and material costs, and fluctuating raw material prices are some of the major restraints to the growth of this market. Moreover, fluctuating demand for products due to changes in fashion trends and seasonality may also act as a challenge to the market growth of apparel, footwear, and accessories.

Apparel Footwear and Accessories Opportunity:

  • The tremendous growth in the e-commerce sector

The world continues to change and grow with globalization. New industries are growing, while old ones are evolving. New opportunities are everywhere, and those who are willing to adapt to these changes are the first to reap the rewards. This is why the Apparel, Footwear, and Accessories E-Commerce Sector is thriving. The Internet has changed the way individuals shop, and it’s continuing to do so. The e-commerce sector is growing rapidly, and that growth is only expected to increase.

Segment Overview

By Type

Based on type, the global Apparel, Footwear, and Accessories market has been divided into Apparel, Footwear, and Accessories. The Apparels segment holds the largest market share in the global Apparel, Footwear, and Accessories market for the year 2021. The Accessories segment is also expected to grow at a high rate due to growing demand for them.

By Distribution Channel

By Distribution Channel, the global Apparel, Footwear, and Accessories market have been segmented as Department stores, Boutiques, Retailers, Speciality stores, Online, and Others. The online segment is expected to witness the highest growth in the forecasted period due to the increasing adoption of the internet.

Regional Analysis

Based on region, the global Apparel, Footwear, and Accessories market have been divided into North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to dominate the use of the Apparel, Footwear, and Accessories market followed by the Asia Pacific region.

North America Market

The North American apparel industry is very important to the economy. Canada has been steadily moving toward higher-end niche markets, as well as specialty items that involve a lot of research and development regarding performance apparel, such as sportswear and protective clothing. Some companies who have previously moved their production overseas in order to save on costs are now looking for ways to increase the output of both high-end and short-run manufactured apparel. Short runs, in particular, seem to be susceptible to the increasingly fast-paced trends in the fashion world so many Italian firms have invested in North America because they can contract with smaller businesses in Canada (and other countries) who specialize in such items.

Asia Pacific Market

Rising consumer spending, increasing online penetration, and growing adoption of mobile phones in consumer electronics are the factors attributing to the growth of the Apparel, Footwear, and Accessories market in the Asia Pacific region. Contribution from emerging countries such as India and China is expected to propel market growth in the near future.

Competitive Landscape

The market comprises tier-1, tier-2, and local players. With their wide product portfolios, tier-1 and tier-2 players have a global reach. Because of their strategic innovations and broad regional presence, companies such as H and M, Inditex (Zara), Gap, Nike, Adidas, Burberry, and Prada lead the global Apparel, Footwear, and Accessories business. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as growth, product releases, and alliances.

Prominent Players:

  • Gap
  • H and M
  • Inditex (Zara)
  • Kering
  • LVMH
  • Nike
  • PVH
  • Adidas
  • Burberry
  • Hermès
  • Michael Kors
  • Prada
  • Ralph Lauren
  • Uniqlo

Scope of the Report

Global Apparel, Footwear, and Accessories Market, by Type

  • Apparel
  • Footwear
  • Accessories

Global Apparel, Footwear, and Accessories Market, by Industry

  • Department stores
  • Boutiques
  • Retailers
  • Specialty stores
  • Online

Global Apparel, Footwear, and Accessories Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • Rest of the World

 

Parameters Indicators
Market Size 2030: XX Billion
CAGR XX% CAGR (2022-2030)
Base year 2021
Forecast Period 2022-2030
Historical Data 2020
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations Type and Distribution Channel
Geographies Covered North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Key Vendors H and M, Inditex (Zara), Gap, Nike, Adidas, Burberry, Kering, LVMH, PVH, Hermes, Michael Kors, Ralph Lauren, Uniqlo, Prada, and others
Key Market Opportunities The tremendous growth in the e-commerce sector
Key Market Drivers Rapid growth due to digital marketing

 

REPORT CONTENT BRIEF:

  • High-level analysis of the current and future Apparel, Footwear, and Accessories market trends and opportunities
  • Detailed analysis of current market drivers, restraining factors, and opportunities in the future
  • Apparel, Footwear, and Accessories market historical market size for the year 2020, and forecast from 2021 to 2028
  • Apparel, Footwear, and Accessories market share analysis at each product level
  • Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
  • Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
  • To identify and understand the various factors involved in the global Apparel, Footwear, and Accessories market affected by the pandemic
  • To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

For more details mail us at

[email protected]

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    Apparel, Footwear, and Accessories Market FAQs

      1. What is the study period of this market?
        • The study period of the global Apparel, Footwear, and Accessories market is 2020 – 2030
      2. What is the growth rate of the global Apparel, Footwear, and Accessories market?
        • The global Apparel, Footwear, and Accessories market is growing at a CAGR of ~ XX% over the next 7 years
      3. Which region has the highest growth rate in the global Apparel, Footwear, and Accessories market?
        • Asia Pacific is expected to register the highest CAGR during 2022 – 2030
      4. Which region has the largest share in the global Apparel, Footwear, and Accessories market?
        • North America holds the largest share in 2021
      5. Who are the key players in the global Apparel, Footwear, and Accessories market?
        • H and M, Inditex (Zara), Gap, Nike, Adidas, Burberry, Kering, LVMH, PVH, Hermes, Michael Kors, Ralph Lauren, Uniqlo, Prada, and others are the major companies operating in the global Apparel, Footwear, and Accessories market.
      6. Do you offer Post Sale Support?
        • Yes we offer 16 hours of analyst support in order to solve the queries
      7. Do you sell particular sections of a report?
        • Yes we provide regional as well as country-level reports. Other than this we also provide the sectional report. Please get in contact with our sales representatives.


       

    Table of Contents

    Table of Contents

    Chapter 1.   Executive Summary

    Chapter 2.   Scope Of The Study

                         2.1.   Market Definition

                         2.2.   Scope Of The Study

                                   2.2.1.   Objectives of Report

                                   2.2.2.   Limitations

                         2.3.   Market Structure

    Chapter 3.   Evolve BI Methodology

    Chapter 4.   Market Insights and Trends

                         4.1.   Supply/ Value Chain Analysis

                                   4.1.1.   Raw Application Providers

                                   4.1.2.   Manufacturing Process

                                   4.1.3.   Distributors/Retailers

                                   4.1.4.   End Users

                         4.2.   Porter’s Five Forces Analysis

                                   4.2.1.   Threat Of New Entrants

                                   4.2.2.    Bargaining Power Of Buyers

                                   4.2.3.   Bargaining Power Of Suppliers

                                   4.2.4.   Threat Of Substitutes

                                   4.2.5.   Industry Rivalry

                         4.3.   Impact Of COVID-19 on Apparel, Footwear, and Accessories Market

                                   4.3.1.   Impact on Market Size

                                   4.3.2.   End User Trend, Preferences, and Budget Impact

                                   4.3.3.   Regulatory Framework/Government Policies

                                   4.3.4.   Key Players’ Strategy to Tackle Negative Impact

                                   4.3.5.   Opportunity Window

                         4.4.   Technology Overview

                         4.5.   Macro factor

                         4.6.   Micro Factor

                             4.7.   Demand Supply Gap Analysis of Apparel, Footwear, and Accessories Market

                            4.8.   Import Analysis of Apparel, Footwear, and Accessories Market

                             4.9.   Export Analysis of Apparel, Footwear, and Accessories Market

    Chapter 5.   Market Dynamics 

                         5.1.   Introduction

                         5.2.   DROC Analysis

                                   5.2.1.   Drivers

                                   5.2.2.   Restraints

                                   5.2.3.   Opportunities

                                   5.2.4.   Challenges

                         5.3.    Patent Analysis

                         5.4.   Industry Roadmap

                         5.5.   Parent/Peer Market Analysis

    Chapter 6.   Global Apparel, Footwear, and Accessories Market, By Type

                         6.1.   Introduction

                         6.2.   Apparel

                         6.3.   Footwear

                         6.4.   Accessories

    Chapter 7.   Global Apparel, Footwear, and Accessories Market, By Distribution Channel

                         7.1.   Introduction

                         7.2.   Department Stores

                         7.3.   Boutiques

                         7.4.   Retailers

                         7.5.   Speciality stores

                         7.6.   Online

    Chapter 8.   Global Apparel, Footwear, and Accessories Market, By Region

                         8.1.   Introduction

                         8.2.   North America

                                   8.2.1.   Introduction

                                   8.2.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   8.2.3.   Market Size and Forecast, By Country, 2022 - 2030

                                   8.2.4.   Market Size and Forecast, By Product Type, 2022 - 2030

                                   8.2.5.   Market Size and Forecast, By Distribution Channel, 2020 – 2028

                                   8.2.6.   US

                                                   8.2.6.1.   Introduction

                                                   8.2.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.2.6.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                   8.2.6.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                                   8.2.7.   Canada

                                                   8.2.7.1.   Introduction

                                                   8.2.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.2.7.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                   8.2.7.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                         8.3.   Europe

                                   8.3.1.   Introduction

                                   8.3.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   8.3.3.   Market Size and Forecast, By Country, 2022 - 2030

                                   8.3.4.   Market Size and Forecast, By Product Type, 2022 - 2030

                                   8.3.5.   Market Size and Forecast, By Distribution Channel, 2020 – 2028

                                   8.3.6.   Germany

                                                   8.3.6.1.   Introduction

                                                   8.3.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.3.6.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                   8.3.6.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                                   8.3.7.   France

                                                   8.3.7.1.   Introduction

                                                   8.3.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.3.7.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                  8.3.7.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                                   8.3.8.   UK

                                                   8.3.8.1.   Introduction

                                                  8.3.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.3.8.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                   8.3.8.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                                   8.3.9.   Italy

                                                   8.3.9.1.   Introduction

                                                   8.3.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.3.9.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                   8.3.9.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                                   8.3.10.   Rest Of Europe

                                                   8.3.10.1.   Introduction

                                                   8.3.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.3.10.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                  8.3.10.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                         8.4.   Asia-Pacific

                                   8.4.1.   Introduction

                                   8.4.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   8.4.3.   Market Size and Forecast, By Country, 2022 - 2030

                                   8.4.4.   Market Size and Forecast, By Product Type, 2022 - 2030

                                   8.4.5.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                                   8.4.6.   China

                                                   8.4.6.1.   Introduction

                                                   8.4.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.4.6.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                   8.4.6.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                                   8.4.7.   India

                                                   8.4.7.1.   Introduction

                                                   8.4.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                  8.4.7.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                   8.4.7.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                                   8.4.8.   Japan

                                                  8.4.8.1.   Introduction

                                                   8.4.8.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.4.8.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                   8.4.8.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                                   8.4.9.   South Korea

                                                   8.4.9.1.   Introduction

                                                   8.4.9.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.4.9.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                   8.4.9.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                                   8.4.10.   Rest Of Asia-Pacific

                                                   8.4.10.1.   Introduction

                                                  8.4.10.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.4.10.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                  8.4.10.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                         8.5.   Rest Of The World (RoW)

                                   8.5.1.   Introduction

                                   8.5.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                   8.5.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                   8.5.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                                   8.5.5.    Market Size and Forecast, By Region, 2022 - 2030

                                   8.5.6.   South America

                                                   8.5.6.1.   Introduction

                                                   8.5.6.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.5.6.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                   8.5.6.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

                                   8.5.7.   Middle East and Africa

                                                   8.5.7.1.   Introduction

                                                  8.5.7.2.   Driving Factors, Opportunity Analyzed and Key Trends

                                                   8.5.7.3.   Market Size and Forecast, By Product Type, 2022 - 2030

                                                  8.5.7.4.   Market Size and Forecast, By Distribution Channel, 2022 - 2030

    Chapter 9.   Competitive Landscape

                         9.1.   Introduction

                         9.2.   Vendor Share Analysis, 2020/Key Players Positioning, 2020

    Chapter 10.   Company Profiles

                         10.1.   Gap

                                   10.1.1.   Business Overview

                                   10.1.2.   Financial Analysis

                                   10.1.3.   Product Portfolio

                                   10.1.4.   Recent Development and Strategies Adopted

                                   10.1.5.   SWOT Analysis

                         10.2.   H and M

                                   10.2.1.   Business Overview

                                   10.2.2.   Financial Analysis

                                   10.2.3.   Product Portfolio

                                   10.2.4.   Recent Development and Strategies Adopted

                                   10.2.5.   SWOT Analysis

                         10.3.   Inditex (Zara)

                                   10.3.1.   Business Overview

                                   10.3.2.   Financial Analysis

                                   10.3.3.   Product Portfolio

                                   10.3.4.   Recent Development and Strategies Adopted

                                   10.3.5.   SWOT Analysis

                         10.4.   Kering.

                                   10.4.1.   Business Overview

                                   10.4.2.   Financial Analysis

                                   10.4.3.   Product Portfolio

                                   10.4.4.   Recent Development and Strategies Adopted

                                   10.4.5.   SWOT Analysis

                         10.5.    LVMH

                                   10.5.1.   Business Overview

                                   10.5.2.   Financial Analysis

                                   10.5.3.   Product Portfolio

                                   10.5.4.   Recent Development and Strategies Adopted

                                   10.5.5.   SWOT Analysis

                         10.6.   Nike.

                                   10.6.1.   Business Overview

                                   10.6.2.   Financial Analysis

                                   10.6.3.   Product Portfolio

                                   10.6.4.   Recent Development and Strategies Adopted

                                   10.6.5.   SWOT Analysis

                         10.7.   Burberry

                                   10.7.1.   Business Overview

                                   10.7.2.   Financial Analysis

                                   10.7.3.   Product Portfolio

                                   10.7.4.   Recent Development and Strategies Adopted

                                   10.7.5.   SWOT Analysis

                         10.8.   Hermes

                                   10.8.1.   Business Overview

                                   10.8.2.   Financial Analysis

                                   10.8.3.   Product Portfolio

                                   10.8.4.   Recent Development and Strategies Adopted

                                   10.8.5.   SWOT Analysis

                         10.9.   Michael Kors

                                   10.9.1.   Business Overview

                                   10.9.2.   Financial Analysis

                                   10.9.3.   Product Portfolio

                                   10.9.4.   Recent Development and Strategies Adopted

                                   10.9.5.   SWOT Analysis

                         10.10.   Prada

                                   10.10.1.   Business Overview

                                   10.10.2.   Financial Analysis

                                   10.10.3.   Product Portfolio

                                   10.10.4.   Recent Development and Strategies Adopted

                                   10.10.5.   SWOT Analysis

    Chapter 11.   Key Takeaways

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