World Clothing Market Analysed by iGATE Research in Comprehensive Study Now Available at MarketPublishers.com19 Jan 2016 • by Natalie Aster
LONDON – The world clothing market is continuously expanding, driven by the factors the swelling middle class, ever-changing fashion trends, surging disposable incomes, lifestyle habits and generations of consumers. The highly dynamic clothing business always makes an effort to adapt to consumer trends and novel technology, allowing for more enjoyable and ergonomic consumer shopping experience. The clothing industry is highly diverse in nature with short product life cycles and extensive product differentiation, and is characterised by robust pace of changes in demand. The sales of apparel, especially through online channels, are currently growing at a faster rate than any other e-commerce product segment.
Region-wise, Asia and Australasia are the largest clothing markets. China and Hong Kong together capture more than 50% share of the world is clothing market as of 2014. A whole array of global fashion retailers are seeking to capture maximum share of the larger Asian region. The Asian and Australasia markets for clothing will likely grow at a fast pace in the next 5 years. North America is the 2nd largest regional market for clothing, followed by Western Europe.
Comprehensive report “Global Clothing Market Demand and Forecast to 2020 – Detailed Analysis of Asia and Australasia Market” developed by iGATE Research provides deep insights into the global clothing marketplace. The research study sheds light on the clothing market demand globally and offers detailed forecasts. It further gives reliable data (historical plus forecasts) on the market demand share region- and country-wise. Furthermore, an assessment of key market growth driving factors and challenges is provided in the research study.
Historical figures are available for the 2011-2014 period and forecasts are available to 2020.
Global Clothing Market Demand and Forecast to 2020 – Detailed Analysis of Asia and Australasia Market
Published: November, 2016
Price: US$ 850.00
More comprehensive market reports can be found at iGATE Research page.