Apparel and Footwear Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Apparel Type, By Footwear Type, By End-User, By Distribution Channel, By Region & Competition, 2021-2031F

Description

The Global Apparel & Footwear Market is projected to expand from USD 1.71 Trillion in 2025 to USD 2.26 Trillion by 2031, achieving a compound annual growth rate of 4.76%. This sector comprises the design, manufacturing, and distribution of clothing, shoes, and accessories tailored to a wide range of consumer requirements, from athletic gear to formal attire. Sustained growth in the market is primarily fueled by rising global disposable incomes and rapid urbanization, which collectively boost consumer demand for both essential items and aspirational fashion products. Additionally, the vigorous expansion of digital retail channels enhances access to international brands, thereby supporting the industry's upward momentum and broadening its overall consumer base.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 1.71 Trillion
Market Size 2031	USD 2.26 Trillion
CAGR 2026-2031	4.76%
Fastest Growing Segment	Sports Wear
Largest Market	Asia Pacific

Despite these favorable indicators, the industry faces a substantial hurdle in the form of supply chain volatility and unpredictable raw material costs, which hamper seamless expansion. This economic instability disrupts production planning and influences pricing strategies throughout the value chain, generating uncertainty for manufacturers and retailers alike. Highlighting the market's significant economic impact, the American Apparel and Footwear Association reported that in 2024, the industry contributed over 523 billion dollars in annual retail sales within the United States.

Market Driver

The swift growth of e-commerce and mobile commerce channels is fundamentally transforming how consumers access fashion, significantly decreasing reliance on physical storefronts while facilitating continuous purchasing opportunities. Retailers are increasingly merging digital platforms with physical inventory systems to establish seamless omnichannel experiences, a strategy that effectively attracts a younger demographic habituated to mobile transactions. This shift to digital enables brands to deploy sophisticated data analytics for accurate inventory management and targeted marketing, which accelerates inventory turnover and extends global reach without requiring massive physical infrastructure investment. According to Inditex's 'FY2023 Results' published in March 2024, the company's online sales surged by 16% to reach 9.1 billion euros, underscoring the substantial revenue potential linked to successful digital transformation strategies.

Concurrently, rising consumer demand for athleisure and activewear serves as a secondary catalyst, blurring the boundaries between performance gear and everyday lifestyle apparel. This trend is supported by a global focus on health, wellness, and hybrid work environments that value comfort alongside style, prompting brands to innovate with technical fabrics suitable for both athletic activities and social settings. Major industry players are responding by expanding their product lines to include versatile clothing that appeals to non-athletes, thereby widening their total addressable market. As evidence of this sector's robust momentum, Lululemon Athletica Inc. reported in March 2024 that its fiscal year 2023 net revenue rose 19% to 9.6 billion dollars, while Nike, Inc. recorded substantial annual revenues of 51.4 billion dollars for the 2024 fiscal year.

Market Challenge

Supply chain volatility and fluctuating raw material costs fundamentally destabilize the operational framework necessary for consistent market expansion. When the prices of essential inputs such as cotton, synthetic fibers, and leather swing unpredictably, manufacturers struggle to maintain stable profit margins and competitive pricing structures. This financial uncertainty forces companies to adopt conservative inventory strategies, often resulting in delayed collection launches or reduced production volumes to mitigate risk. Such caution directly hampers the industry's ability to capitalize on emerging consumer trends, as the inability to secure materials at stable rates disrupts long-term planning and investment in growth initiatives.

The impact of these cost pressures effectively decelerates the sector's momentum by eroding the capital available for development. According to the International Textile Manufacturers Federation, high raw material costs were cited as a major business concern by 27 percent of global textile industry respondents in 2024. This persistent economic strain limits the capacity of brands to absorb rising operational expenses, resulting in a stagnated market environment where seamless global integration and capacity expansion are significantly obstructed.

Market Trends

The proliferation of circular fashion and resale platforms is fundamentally reshaping consumption patterns as the market transitions from the linear "take-make-dispose" model toward systems that prioritize product longevity and waste reduction. Brands are increasingly launching proprietary resale channels and partnering with managed marketplaces to capture revenue from the secondary market, driven by consumer demand for value and environmental responsibility. This evolution allows companies to maintain customer engagement post-purchase while addressing regulatory pressures regarding textile waste. According to ThredUp's 'Resale Report 2024' released in March 2024, the global secondhand apparel market expanded by 18 percent in 2023 to reach 197 billion dollars, outpacing the growth of the broader retail clothing sector.

Simultaneously, the shift toward regenerative and bio-based textile materials is gaining momentum as manufacturers seek to detach production from volatile fossil fuel markets and water-intensive crops. Industry leaders are aggressively replacing conventional synthetics and conventionally grown natural fibers with "preferred" alternatives, such as organic cotton, recycled polyester, and cellulosic fibers derived from agricultural waste. This transition represents a strategic realignment to secure long-term supply chain resilience and meet science-based climate targets, rather than a mere compliance measure. As reported in its 'Annual Report 2023' in March 2024, Inditex noted that preferred raw materials, including organic cotton and recycled fibers, accounted for 68 percent of the total textile raw materials used by the group in 2023.

Key Market Players

Nike, Inc.
Adidas AG
Puma SE
Under Armour, Inc.
VF Corporation
New Balance Athletics, Inc.
ASICS Corporation
Skechers U.S.A., Inc.
Lululemon Athletica Inc.
Columbia Sportswear Company

Report Scope

In this report, the Global Apparel & Footwear Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Apparel & Footwear Market, By Type

Apparel & Footwear

Apparel & Footwear Market, By Apparel Type

Casual Wear
Sports Wear
Night Wear
Others

Apparel & Footwear Market, By Footwear Type

Shoes
Slippers
Others

Apparel & Footwear Market, By End-User

Men
Women
Kids

Apparel & Footwear Market, By Distribution Channel

Specialty Stores
Supermarkets/Hypermarkets
Online Channels
& Others

Apparel & Footwear Market, By Region

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Apparel & Footwear Market.

Available Customizations:

Global Apparel & Footwear Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Apparel & Footwear Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type (Apparel & Footwear)
- 5.2.2. By Apparel Type (Casual Wear, Sports Wear, Night Wear, Others)
- 5.2.3. By Footwear Type (Shoes, Slippers, Others)
- 5.2.4. By End-User (Men, Women, Kids)
- 5.2.5. By Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Online Channels, & Others)
- 5.2.6. By Region
- 5.2.7. By Company (2025)
5.3. Market Map

6. North America Apparel & Footwear Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Apparel Type
- 6.2.3. By Footwear Type
- 6.2.4. By End-User
- 6.2.5. By Distribution Channel
- 6.2.6. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Apparel & Footwear Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
    - 6.3.1.2.2. By Apparel Type
    - 6.3.1.2.3. By Footwear Type
    - 6.3.1.2.4. By End-User
    - 6.3.1.2.5. By Distribution Channel
- 6.3.2. Canada Apparel & Footwear Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
    - 6.3.2.2.2. By Apparel Type
    - 6.3.2.2.3. By Footwear Type
    - 6.3.2.2.4. By End-User
    - 6.3.2.2.5. By Distribution Channel
- 6.3.3. Mexico Apparel & Footwear Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Type
    - 6.3.3.2.2. By Apparel Type
    - 6.3.3.2.3. By Footwear Type
    - 6.3.3.2.4. By End-User
    - 6.3.3.2.5. By Distribution Channel

7. Europe Apparel & Footwear Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Apparel Type
- 7.2.3. By Footwear Type
- 7.2.4. By End-User
- 7.2.5. By Distribution Channel
- 7.2.6. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Apparel & Footwear Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By Apparel Type
    - 7.3.1.2.3. By Footwear Type
    - 7.3.1.2.4. By End-User
    - 7.3.1.2.5. By Distribution Channel
- 7.3.2. France Apparel & Footwear Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By Apparel Type
    - 7.3.2.2.3. By Footwear Type
    - 7.3.2.2.4. By End-User
    - 7.3.2.2.5. By Distribution Channel
- 7.3.3. United Kingdom Apparel & Footwear Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By Apparel Type
    - 7.3.3.2.3. By Footwear Type
    - 7.3.3.2.4. By End-User
    - 7.3.3.2.5. By Distribution Channel
- 7.3.4. Italy Apparel & Footwear Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By Apparel Type
    - 7.3.4.2.3. By Footwear Type
    - 7.3.4.2.4. By End-User
    - 7.3.4.2.5. By Distribution Channel
- 7.3.5. Spain Apparel & Footwear Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By Apparel Type
    - 7.3.5.2.3. By Footwear Type
    - 7.3.5.2.4. By End-User
    - 7.3.5.2.5. By Distribution Channel

8. Asia Pacific Apparel & Footwear Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Apparel Type
- 8.2.3. By Footwear Type
- 8.2.4. By End-User
- 8.2.5. By Distribution Channel
- 8.2.6. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Apparel & Footwear Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By Apparel Type
    - 8.3.1.2.3. By Footwear Type
    - 8.3.1.2.4. By End-User
    - 8.3.1.2.5. By Distribution Channel
- 8.3.2. India Apparel & Footwear Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By Apparel Type
    - 8.3.2.2.3. By Footwear Type
    - 8.3.2.2.4. By End-User
    - 8.3.2.2.5. By Distribution Channel
- 8.3.3. Japan Apparel & Footwear Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By Apparel Type
    - 8.3.3.2.3. By Footwear Type
    - 8.3.3.2.4. By End-User
    - 8.3.3.2.5. By Distribution Channel
- 8.3.4. South Korea Apparel & Footwear Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
    - 8.3.4.2.2. By Apparel Type
    - 8.3.4.2.3. By Footwear Type
    - 8.3.4.2.4. By End-User
    - 8.3.4.2.5. By Distribution Channel
- 8.3.5. Australia Apparel & Footwear Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type
    - 8.3.5.2.2. By Apparel Type
    - 8.3.5.2.3. By Footwear Type
    - 8.3.5.2.4. By End-User
    - 8.3.5.2.5. By Distribution Channel

9. Middle East & Africa Apparel & Footwear Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Apparel Type
- 9.2.3. By Footwear Type
- 9.2.4. By End-User
- 9.2.5. By Distribution Channel
- 9.2.6. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Apparel & Footwear Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By Apparel Type
    - 9.3.1.2.3. By Footwear Type
    - 9.3.1.2.4. By End-User
    - 9.3.1.2.5. By Distribution Channel
- 9.3.2. UAE Apparel & Footwear Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By Apparel Type
    - 9.3.2.2.3. By Footwear Type
    - 9.3.2.2.4. By End-User
    - 9.3.2.2.5. By Distribution Channel
- 9.3.3. South Africa Apparel & Footwear Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By Apparel Type
    - 9.3.3.2.3. By Footwear Type
    - 9.3.3.2.4. By End-User
    - 9.3.3.2.5. By Distribution Channel

10. South America Apparel & Footwear Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Apparel Type
- 10.2.3. By Footwear Type
- 10.2.4. By End-User
- 10.2.5. By Distribution Channel
- 10.2.6. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Apparel & Footwear Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
    - 10.3.1.2.2. By Apparel Type
    - 10.3.1.2.3. By Footwear Type
    - 10.3.1.2.4. By End-User
    - 10.3.1.2.5. By Distribution Channel
- 10.3.2. Colombia Apparel & Footwear Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By Apparel Type
    - 10.3.2.2.3. By Footwear Type
    - 10.3.2.2.4. By End-User
    - 10.3.2.2.5. By Distribution Channel
- 10.3.3. Argentina Apparel & Footwear Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type
    - 10.3.3.2.2. By Apparel Type
    - 10.3.3.2.3. By Footwear Type
    - 10.3.3.2.4. By End-User
    - 10.3.3.2.5. By Distribution Channel

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Apparel & Footwear Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Nike, Inc.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Adidas AG
15.3. Puma SE
15.4. Under Armour, Inc.
15.5. VF Corporation
15.6. New Balance Athletics, Inc.
15.7. ASICS Corporation
15.8. Skechers U.S.A., Inc.
15.9. Lululemon Athletica Inc.
15.10. Columbia Sportswear Company