Global Sector Series: Clothing & Footwear, 2019-2029

The Global Sector Series: Clothing & Footwear report offers comprehensive insight and analysis of the Clothing & Footwear market, the major players, the key trends and consumer attitudes. The report also includes consumer data from 2024.

The global clothing & footwear market showcased subdued growth of 0.7% in 2024 as consumers were wary of spending on non-essentials due to high inflation and economic uncertainty. The market is forecast to see slightly greater growth of 2.2% in 2025 as global consumer sentiment has started to recover, allowing demand for apparel to resurface. However, growth in the market will be subdued, remaining at 2.2% in 2026 as consumer sentiment remains brittle and consumers focus on buying fewer, better-quality items to create capsule wardrobes, and as secondhand apparel continues to gain traction. The sector's growth will be propelled by the online channel which is forecast to outpace the overall clothing and footwear market with a CAGR of 3.5% between 2024 and 2029 to achieve a penetration of 29.2%, with $688.2bn in sales by 2029.

Scope

• Growth in the global apparel market is forecast to pick up in 2025, following stagnant growth in 2024
• The online market will continue to outperform, driven by technical innovations such as AI
• Asia Pacific will register timid growth out to 2029, hindered by economic struggles in China

Reasons to Buy

• Explore new opportunities that will allow you to align your product offerings and strategies to meet demand
• Investigate current and forecast trends in clothing and footwear to identify the opportunities offering the most potential
• Understand who the main competitors are in the global clothing and footwear market and their price positioning