Global Apparel and Footwear Market Forecast 2026

GLOBAL APPAREL AND FOOTWEAR MARKET

FORECAST & OPPORTUNITIES

2016 – 2026

MARKET INTELLIGENCE . CONSULTING

www.techsciresearch.com

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Scope of ReportProduct of Interest (POI): Apparel and Footwear

Review Period

2016 – 2019

Base Year

2020

Estimated Year

2021

Forecast Period

2022 – 2026

Year Range

Apparel means clothes, especially formal clothes worn on an importantoccasions. Footwear refers to garments worn on the feet, which originally servesto purpose of protection against adversities of the environment, usuallyregarding ground textures and temperature.

Market Segmentation

END USERS

• Men

• Women

• Kids

REGION

• Europe

• North America

• South America

• Middle East & Africa

• Asia Pacific

TYPE

APPAREL TYPE

• Casual Wear

• Sports Wear

• Night Wear

• Others

• Apparel

• Footwear

APPLICATION

• Specialty Stores

• Online Channels

• Supermarkets/Hypermarkets

• Others

FOOTWEAR TYPE

• Shoes

• Slippers

• Others

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Table of Contents

S. No. Contents Page No.

1. Product Overview (Definition of product and major terminologies used in the report)

2.Research Methodology (Detailed description of the methodology used to conduct the research, Rawdata backup, list of all secondary sources, List of respondents for primary surveys)

3. Impact of COVID-19 on Global Apparel and Footwear Market

4. Voice of Customer

5. Executive Summary (This chapter covers summary of the complete study.)

6.

Global Apparel and Footwear Market Outlook, 2016-2026F (This chapter includes a brief overview of the product of interest market such as total market’s growth rate, expected growth rate, key growth levers, leading region, top grossing product types, etc. It includes more of a qualitative information about the market.)

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type (Apparel and Footwear)

6.2.2. By End-User (Men, Women and Kids)

6.2.3.By Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, Online Channels and Others)

6.2.4. By Company (2020)

6.2.5. By Region

6.3. Market Map

7. Asia-Pacific Apparel and Footwear Market Outlook

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Table of Contents



7.1.1. By Value


7.2.1. By Type

7.2.2. By End-User

7.2.3. By Distribution Channel

7.2.4. By Country

7.3. Asia-Pacific: Country Analysis

7.3.1. China Apparel and 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 End-User

7.3.1.2.3. By Distribution Channel

7.3.2. India Apparel and Footwear Market Outlook

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Table of Contents



7.3.2.1.1. By Value


7.3.2.2.1. By Type



7.3.3. Japan Apparel and Footwear Market Outlook


7.3.3.1.1. By Value


7.3.3.2.1. By Type



7.3.4. South Korea Apparel and Footwear Market Outlook


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Table of Contents


7.3.4.1.1. By Value


7.3.4.2.1. By Type



7.3.5. Australia Apparel and Footwear Market Outlook


7.3.5.1.1. By Value


7.3.5.2.1. By Type



8. Europe Apparel and Footwear Market Outlook


8.1.1. By Value

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Table of Contents



8.2.1. By Type

8.2.2. By End-User


8.2.4. By Country

8.3. Europe: Country Analysis

8.3.1. Russia Apparel and Footwear Market Outlook


8.3.1.1.1. By Value


8.3.1.2.1. By Type



8.3.2. Germany Apparel and Footwear Market Outlook


8.3.2.1.1. By Value

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Table of Contents



8.3.2.2.1. By Type



8.3.3. United Kingdom Apparel and Footwear Market Outlook


8.3.3.1.1. By Value


8.3.3.2.1. By Type



8.3.4. Italy Apparel and Footwear Market Outlook


8.3.4.1.1. By Value


8.3.4.2.1. By Type

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Table of Contents




8.3.5. France Apparel and Footwear Market Outlook


8.3.5.1.1. By Value


8.3.5.2.1. By Type



9. North America Apparel and Footwear Market Outlook


9.1.1. By Value


9.2.1. By Type

9.2.2. By End-User


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Table of Contents


9.2.4. By Country

9.3. North America: Country Analysis

9.3.1. United States Apparel and Footwear Market Outlook


9.3.1.1.1. By Value


9.3.1.2.1. By Type



9.3.2. Canada Apparel and Footwear Market Outlook


9.3.2.1.1. By Value


9.3.2.2.1. By Type



9.3.3. Mexico Apparel and Footwear Market Outlook


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Table of Contents


9.3.3.1.1. By Value


9.3.3.2.1. By Type



10. South America Apparel and Footwear Market Outlook


10.1.1. By Value


10.2.1. By Type

10.2.2. By End-User


10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Apparel and Footwear Market Outlook


10.3.1.1.1 By Value

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Table of Contents



10.3.1.2.1. By Type

10.3.1.2.2. By End-User


10.3.2. Argentina Apparel and Footwear Market Outlook


10.3.2.1.1 By Value


10.3.2.2.1. By Type

10.3.2.2.2. By End-User


10.3.3. Colombia Apparel and Footwear Market Outlook


10.3.3.1.1 By Value


10.3.3.2.1. By Type

10.3.2.2.2. By End-User


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Table of Contents


11. Middle East & Africa Apparel and Footwear Market Outlook


11.1.1. By Value


11.2.1. By Type

11.2.2. By End-User


11.2.4. By Country

11.3. Middle East & Africa : Country Analysis

11.3.2.1 Saudi Arabia Apparel and Footwear Market Outlook


11.3.1.1.1. By Value


11.3.1.2.1. By Type

11.3.1.2.2. By End-User


11.3.2. UAE Apparel and Footwear Market Outlook


11.3.2.1.1. By Value


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Table of Contents


11.3.2.2.1. By Offering

11.3.2.2.2. By Frequency

11.3.2.2.3. By Vertical

11.3.3. South Africa Apparel and Footwear Market Outlook


11.3.3.1.1. By Value


11.3.3.2.1. By Type

11.3.3.2.2. By End-User


11.3.3. Qatar Apparel and Footwear Market Outlook


11.3.3.1.1. By Value


11.3.3.2.1. By Type

11.3.3.2.2. By End-User


12.Market Dynamics (This chapter assesses the major demand drivers and restraints.)

12.1. Drivers

12.2. Challenges

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Table of Contents


13.Market Trends & Developments (This section captures recent trends pertaining to manufacturing or consumption, market movements in terms of points of production and consumption, advancements and development)

14. Competitive Landscape

14.1. Competition Outlook

14.2. Company Profiles (Top 10 Market Players)

14.2.1, Company Details

14.2.2. Products & Services

14.2.3. Financials (As Reported)

14.2.4. Key Market Focus & Geographical Presence

14.2.5. Recent Developments

14.2.6. Key Management Personnel

15.Strategic Recommendations (Based on the findings of the report strategic recommendations on how to enter and expand market share)

16. About Us & Disclaimer

RESEARCH METHODOLOGY

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Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global apparel and

footwear market, overall market size and segmental

market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global apparel and

footwear market.

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global apparel and footwear market. The team has

analyzed the outlook of various segments of this market, while considering the major influencing factors such as rising disposable income,

growing e-commerce platforms. The study includes market forecasting, which would enable our clients to take better decisions while planning

their strategy to achieve sustainability in the global apparel and footwear market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value & Volume : Market size, in terms of value, for the year 2020 was calculated based on information collected through

exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as apparel and footwear

manufacturers, channel partners, market influencers & end users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 apparel and footwear manufacturers, 100 – 120 end users, and 15 – 20 industry experts and other

value chain stakeholders in the global apparel and footwear market to obtain the overall market size from 2016 to 2020, which was validated

by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data

during 2016-2020.

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• Respondents were asked about the current and future market growth rates, market shares by type, by end user, by distribution channel, by

company and by each region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares

generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various type

were further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

• Market shares by type, by end user, by distribution channel, by company and by each region were calculated based on the responses

received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue

generated from various types of digital x-ray. The final shares were calculated by taking the geometric mean of the responses gathered from

key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global

apparel and footwear market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

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TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research

also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It

should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the

United States Dollar (USD), with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

▪ NIKE, Inc.

▪ Adidas AG

▪ Industria de Diseño Textil, S.A.

▪ Hennes & Mauritz AB

▪ Aditya Birla Fashion and Retail Limited

▪ PVF Corp.

▪ VF Corporation

▪ Puma SE

▪ Kering SA

▪ Next Plc.

▪ World Bank

▪ International Monetary Fund (IMF)

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

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Industry Brief

According to TechSci Research report, “Global Apparel and Footwear Market By Type (Apparel & Footwear), By Apparel Type (Casual Wear, Sports Wear, Night Wear, &

Others), By Footwear Type (Shoes, Slippers & Others), By End-User (Men, Women & Kids), By Distribution Channel (Specialty Stores, Online Channels,

Supermarkets/Hypermarkets, & Others), By Region, Competition, Forecast & Opportunities, 2026”, the global apparel and footwear market is expected to register a CAGR of

over 6.65% during 2020-2026F and it is expected to reach around USD2736.86 billion by 2026, in value terms, because the majority of consumers are shifting from affordable

products to fast fashion and are adapting to the latest fashion trends in the country. It is observed that in the upcoming years, with increasing demand for vast options available in

the fashion brands, this market is likely to become the hub of various competitive brands. Other major factors driving the apparel and footwear market include surging population,

higher per capita income, changing buying pattern, growing social media influence, and rise in foreign direct investment. The global apparel and footwear market is segmented

in terms of type, product type, end-user distribution channels, and region. In terms of end-user, the market can be segmented into men, women, and kids, of which, the women

end-user segment accounted for the largest market share in 2020, and the men end-user segment is expected to maintain its leading market position during the forecast period.

Dur to the COVID-19 pandemic, the apparel and footwear market has seen a huge downfall. Various countries across the globe, such as India, United States, Italy, etc., had

imposed a lockdown for months which resulted in no outdoor activities and led to no purchase of apparel and footwear products, even various stores were forced to remain

closed. It was only the online channels through which the global apparel and footwear companies could retain their market for few months when the COVID-19 impact was at its

peak. Consumers have shifted towards healthy lifestyles, and this trend is ongoing amidst the pandemic. While customers are trying to stay fit and healthy inside their homes, the

sportswear companies like Nike and Adidas are offering virtual fitness classes to promote this lifestyle. Nike has observed a 75% growth in the e-commerce sales in the year

2020.This way these companies are likely to maintain the highest market share in the apparel and footwear market. Apart from the pandemic, this market also faces other

challenges like reduction in free trade, continuous acceleration in the fashion cycle, a regional shift in demand, and high performance of the supply chain. As the free trade policy

is the decision of the individual government and various countries impose different tariff rates, the trade across the nations becomes costly which hinders the company growth.

The fashion cycle keeps on changing, so the companies have to adapt to the ongoing demand. It is the logistics that play a crucial role and is required to deliver the product

within a short duration in case the fashion cycle is modified. In such case, the company will incur a huge loss. However, due to the growing consolidation and investment in

improvement by prominent multinational corporations, the success of the worldwide apparel and footwear industry is expected to gain momentum. Apparel and footwear

manufacturers are also likely to create more convenient and easier options to avail supply chains to match the pace according to the changing fashion trends. The Asia Pacific

region is projected to hold the largest market share of the global apparel and footwear market by 2026, owing to the rising population and changing lifestyles. Various major

market players are setting up their manufacturing plants and outlets in this region to save the transportation duration and excel against their competitors. In particular, United

States, China, and India contributed more than half the absolute increased value.

NIKE, Inc., Adidas AG, Industria de Diseño Textil, S.A., Hennes & Mauritz AB, Aditya Birla Fashion and Retail Limited (Includes Peter England, Louis Philippe, Van Heusen,

Allen Solly, Pantaloons, etc.), PVH CORP., VF Corporation, Puma SE, Kering SA, Next Plc. are some of the leading players operating in the global apparel and footwear market.

Major companies are expanding their manufacturing bases in developing countries to meet rising demand across developing countries in North America, APAC, Middle East and

Africa, and South America.

Based on the size of the industry, the apparel and footwear market worldwide is very competitive, with practically no entry barriers, and a huge number of domestic companies

taking minimal market share. The introduction of a new product has become, above all other aspects, the most critical strategy due to the rapidly changing nature of the industry.

As the main solution, businesses have embraced growth, followed by mergers and acquisitions. With these mergers and expansions, this attempt by multinational players has

been proven successful in making their presence stronger with high market share.

“In the global scenario, the apparel and footwear market is one of the fastest growing markets among other sectors in the world. The market has become an attractive destination

for investments and several large multinational companies are entering into this market. This has resulted to a gradual transformation of a commodity market into a branded

products market, being dominated by multinational companies.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management

consulting firm.

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Sample Data - Snapshot

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2016 2020 2021E 2026F

Global Apparel and Footwear Market Size, By Value (USD Million), 2016–2026F

CAGR By Value

XX%CAGR By Value

YY%

60%60%60%60%60%60%60%60%60%60%60%

40%40%40%40%40%40%40%40%40%40%40%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Apparel Footwear

Asia-Pacific Apparel and Footwear Market Share, By Type, By Value, 2016–2026F

50%50%50%50%50%50%50%50%50%50%50%

30%30%30%30%30%30%30%30%30%30%30%

20%20%20%20%20%20%20%20%20%20%20%

2016

2017

2018

2019

2020

2021E

2022F

2023F

2024F

2025F

2026F

Men Women Kids

India Apparel and Footwear Market Share, By End User, By Value, 2016–2026F

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FORECAST & OPPORTUNITIES2016 – 2026

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in

number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The

proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’

model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich

evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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