GITNUX MARKETDATA REPORT 2024

Global Clothing Industry Statistics

The global clothing industry is a significant economic sector, with annual revenues exceeding $1.5 trillion and projected continued growth in the future.

Statistic 1

"The global apparel market is projected to grow in value from 1.5 trillion U.S. dollars in 2020 to about 2.25 trillion dollars by 2025."

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Statistic 2

"The American market for clothes is among the largest worldwide, accounting for about 29% of the global total in 2019."

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Statistic 3

"As of 2020, the largest apparel company worldwide was Christian Dior with revenue of nearly 43.8 billion U.S. dollars."

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Statistic 4

"The apparel industry employs almost 75 million people worldwide."

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Statistic 5

"The fashion industry is estimated to contribute 2.5 percent to global GDP."

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Statistic 6

"Approximately 20 percent of global wastewater is produced by the fashion industry."

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Statistic 7

"The global online clothing rental market is projected to reach $1.96 billion by 2025."

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Statistic 8

"China exports the highest value of clothing globally with a value exceeding 158 billion U.S. dollars in 2020."

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Statistic 9

"The athleisure market is expected to have a global market size of $517.5 billion USD by 2025."

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Statistic 10

"There are around 40-50 million garment workers worldwide."

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Statistic 11

"Fast fashion items are worn less than 5 times and kept for 35 days on average."

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Statistic 12

"The global children’s wear market is expected to reach $339.4 Billion by 2024."

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Statistic 13

"Global footwear market is expected to garner $371.8 billion by 2020."

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Statistic 14

"The global denim market size was valued at USD 64.21 billion in 2018."

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Statistic 15

"The luxury apparel market size was valued at USD 69.00 billion in 2018."

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Statistic 16

"Almost 75% of the world's fashion market is concentrated in Europe and North America."

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Statistic 17

"In 2019, the EU imported clothes worth about $77.8 billion, most of which came from Asia."

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Statistic 18

"India's clothing market will reach 226.7 billion USD by 2023."

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Statistic 19

"The global maternity wear market is expected to reach USD 24.5 billion by 2025."

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