
Report ID: SQMIG25M2036
Report ID:
SQMIG25M2036 |
Region:
Global |
Published Date: January, 2025
Pages:
223
|
Tables:
59 |
Figures:
77
Europe continued to rule the global market in 2021, and this trend is expected to hold throughout the projected period. The largest portion of the global revenue in 2021—more than 30%—was accounted for by the Europe regional market. Important players are well-represented in the area and have an extensive distribution network that has been in place for a while. Moreover, rising per capita disposable income and rising clothing spending fuel the market. The presence of new businesses and the growing global and local brand presence are associated with the region's strong growth potential.
The market is being driven by the apparel industry, which is benefiting from rising population and per capita income levels in countries like India, China, Vietnam, etc. In terms of revenue share in 2021, North America came in second. The market is growing in part because North America has the world's largest textile industry. Also, the fact that well-known garment retailers like The Children's Place Inc., Calvin Klein Inc., and GAP Inc. are present in North America helps the local market generate money.
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Report ID: SQMIG25M2036