Key Takeaways
- The global apparel market size reached approximately 1.5 trillion USD in 2022 and is projected to grow to 1.84 trillion USD by 2027 at a CAGR of 4.2%.
- In 2023, the U.S. retail apparel market generated over 280 billion USD in revenue, marking a 2.5% increase from 2022.
- Fast fashion segment accounted for 15% of the global apparel market in 2023, valued at around 225 billion USD.
- In 2023, 68% of global consumers aged 16-24 purchased clothing online at least once a month.
- 42% of U.S. shoppers prefer sustainable brands in apparel purchases as of 2023.
- Millennial women spend 25% more on athleisure than non-millennials in 2023.
- Global e-commerce apparel sales hit 800 billion USD in 2023, 30% of total retail.
- Amazon captured 37% of U.S. online apparel sales in 2023.
- Mobile commerce accounted for 60% of apparel e-sales in 2023.
- Global apparel supply chain disruptions affected 40% of brands in 2023.
- 75% of apparel production concentrated in Asia, led by China at 35% in 2023.
- Cotton accounts for 25% of global apparel fiber use, with sustainable cotton at 28% growth 2023.
- U.S. apparel retail employment at 1.6 million jobs in 2023.
- Average apparel retail profit margin 5.5% in 2023.
- Top 10 apparel companies revenue totaled 400 billion USD 2023.
The global apparel industry is steadily growing with strong trends toward online sales, athleisure, and sustainability.
Consumer Behavior & Preferences
- In 2023, 68% of global consumers aged 16-24 purchased clothing online at least once a month.
- 42% of U.S. shoppers prefer sustainable brands in apparel purchases as of 2023.
- Millennial women spend 25% more on athleisure than non-millennials in 2023.
- 55% of consumers returned apparel items bought online in 2023 due to fit issues.
- Gen Z prioritizes brand values with 62% willing to pay more for ethical apparel in 2023.
- 37% of shoppers abandoned carts due to high shipping costs in apparel e-commerce 2023.
- Women account for 75% of all apparel purchases globally in 2023.
- 49% of consumers influenced by social media influencers in fashion buys 2023.
- Average U.S. consumer buys 68 apparel items per year in 2023.
- 71% of shoppers read reviews before buying clothing online in 2023.
- Loyalty programs drive 40% repeat purchases in apparel retail 2023.
- 58% of parents buy kids' apparel based on durability in 2023.
- Mobile shopping for apparel up 30% among 18-34 year olds in 2023.
- 45% of consumers prefer in-store try-on before online purchase in 2023.
- Price sensitivity highest in mass-market apparel with 65% of buyers in 2023.
- 52% of luxury buyers seek exclusivity in purchases 2023.
- Eco-labels influence 38% of apparel buying decisions in Europe 2023.
- Impulse buys account for 28% of apparel sales in physical stores 2023.
- 61% of men now shop for their own clothing vs 45% in 2018.
- Personalization boosts conversion by 20% in apparel e-tail 2023.
- 47% avoid brands with poor labor practices in 2023 surveys.
- Subscription boxes popular with 22% of young adults for apparel.
- Visual search used by 36% for fashion discovery in 2023.
- 53% of Boomers prefer department stores for apparel shopping.
- AR try-on features increase purchase intent by 25% in 2023 tests.
- 40% buy apparel during sales events like Black Friday 2023.
- Diversity in models influences 55% of Gen Z purchases.
Consumer Behavior & Preferences Interpretation
E-commerce & Digital Sales
- Global e-commerce apparel sales hit 800 billion USD in 2023, 30% of total retail.
- Amazon captured 37% of U.S. online apparel sales in 2023.
- Mobile commerce accounted for 60% of apparel e-sales in 2023.
- Shein generated 32 billion USD in revenue from apparel e-commerce 2023.
- Online apparel returns rate averaged 24% in U.S. 2023.
- ASOS online sales reached 3.9 billion GBP in FY2023.
- Social commerce apparel sales grew 45% YoY to 50 billion USD globally 2023.
- Zalando's e-commerce revenue hit 10.1 billion EUR in 2023.
- 75% of apparel brands now have DTC online stores in 2023.
- TikTok Shop apparel sales surged 150% in first year 2023.
- Average online apparel order value $85 in U.S. 2023.
- Live streaming sales for fashion reached 300 billion CNY in China 2023.
- Boohoo Group online apparel revenue 1.75 billion GBP 2023.
- Marketplace platforms like Temu drove 20% of new apparel e-sales 2023.
- Subscription e-commerce for apparel grew to 5 billion USD 2023.
- Personalized recommendations boost apparel e-sales by 35% 2023.
- India online apparel market 15 billion USD in 2023, 25% growth.
- Farfetch luxury e-commerce sales 2.3 billion USD 2023.
- Voice commerce for apparel projected 5% of sales by 2025, starting 1% 2023.
- Cross-border e-apparel sales 200 billion USD globally 2023.
- Nike DTC online sales 50% of total revenue in FY2023.
- E-commerce penetration in apparel 25% in Europe 2023.
- Rent-the-runway model generated 300 million USD 2023.
- SEO drives 40% of apparel e-commerce traffic 2023.
- Flash sales sites like Rue La La 1 billion USD apparel 2023.
- Omnichannel apparel sales up 15% with buy online pick up in store 2023.
E-commerce & Digital Sales Interpretation
Financial Performance & Employment
- U.S. apparel retail employment at 1.6 million jobs in 2023.
- Average apparel retail profit margin 5.5% in 2023.
- Top 10 apparel companies revenue totaled 400 billion USD 2023.
- Walmart apparel sales 80 billion USD contributing to total revenue 2023.
- Inditex (Zara) net profit 5.4 billion EUR in 2023.
- U.S. apparel retail bankruptcies 15 major ones in 2023.
- Average hourly wage in U.S. apparel retail $16.50 in 2023.
- H&M Group sales 23.3 billion EUR, up 5% in 2023.
- E-commerce drove 40% EBITDA growth for Lululemon 2023.
- Global apparel retail EBITDA margin averaged 8.2% 2023.
- Gap Inc. revenue 14.9 billion USD, loss narrowed 2023.
- Fast Retailing (Uniqlo) operating profit 330 billion JPY 2023.
- 25% of apparel retailers cut costs by 10% via automation 2023.
- PVH Corp (Tommy Hilfiger) sales 9.2 billion USD 2023.
- Shrinkage losses in apparel retail 1.6% of sales, 25 billion USD U.S. 2023.
- Adidas revenue 21.2 billion EUR, down 2% 2023.
- Under Armour net revenue 5.7 billion USD 2023.
- Employee turnover in retail apparel 60% annually 2023.
- Levi Strauss net revenue 6.2 billion USD, up 7% 2023.
- Rent expenses 12% of operating costs for apparel stores 2023.
- VF Corp (North Face) revenue 10.5 billion USD down 2% 2023.
- Private label apparel sales 20% of U.S. market, margins 10% higher 2023.
- American Eagle revenue 5.0 billion USD up 11% 2023.
- Inventory markdowns cost retailers 50 billion USD in 2023.
- Tapestry (Coach) revenue 6.6 billion USD up 6% 2023.
- Global apparel retail capex 100 billion USD in 2023.
- Ross Stores net earnings 1.5 billion USD 2023.
Financial Performance & Employment Interpretation
Market Size & Growth
- The global apparel market size reached approximately 1.5 trillion USD in 2022 and is projected to grow to 1.84 trillion USD by 2027 at a CAGR of 4.2%.
- In 2023, the U.S. retail apparel market generated over 280 billion USD in revenue, marking a 2.5% increase from 2022.
- Fast fashion segment accounted for 15% of the global apparel market in 2023, valued at around 225 billion USD.
- Luxury apparel market worldwide is expected to reach 110 billion USD by 2025, growing at 5% annually.
- Athleisure wear sales grew by 20% year-over-year in 2023, reaching 450 billion USD globally.
- The European apparel market size was 384 billion EUR in 2022, projected to hit 420 billion EUR by 2026.
- Children's apparel market globally valued at 250 billion USD in 2023, with 3.8% CAGR forecast to 2030.
- Sustainable apparel market expected to grow from 7.8 billion USD in 2022 to 15 billion USD by 2028 at 11.5% CAGR.
- India’s apparel retail market size hit 75 billion USD in FY2023, eyeing 110 billion USD by 2027.
- China’s apparel market revenue reached 1.2 trillion CNY in 2023, down 1% but stabilizing.
- Global footwear market, part of apparel retail, valued at 365 billion USD in 2023.
- Activewear segment in North America grew 8% in 2023 to 120 billion USD.
- Vintage and resale apparel market projected to reach 350 billion USD by 2027.
- Brazil apparel market size was 45 billion USD in 2022, growing at 4.5% CAGR.
- Denim jeans market globally worth 70 billion USD in 2023.
- Sportswear market expected to grow from 335 billion USD in 2023 to 556 billion USD by 2032 at 5.8% CAGR.
- UK apparel market revenue at 60 billion GBP in 2023.
- Lingerie market size reached 40 billion USD globally in 2023.
- Middle East apparel market projected to grow 6% annually to 50 billion USD by 2027.
- Sleepwear market valued at 15 billion USD in 2023, with 4.2% CAGR ahead.
- Asia-Pacific apparel market dominates with 55% global share in 2023.
- Formalwear market size at 25 billion USD in 2023 globally.
- Mexico apparel retail market reached 20 billion USD in 2023.
- Outerwear segment valued at 180 billion USD worldwide in 2023.
- Swimwear market expected to hit 28 billion USD by 2028 from 22 billion in 2023.
- Australia apparel market revenue 18 billion AUD in 2023.
- Plus-size apparel market growing at 6.5% CAGR to 650 billion USD by 2030.
- Japan apparel market size 12 trillion JPY in 2023.
- Accessories market in apparel retail valued at 400 billion USD globally in 2023.
- Global kids footwear market part of apparel at 50 billion USD in 2023.
Market Size & Growth Interpretation
Supply Chain & Sustainability
- Global apparel supply chain disruptions affected 40% of brands in 2023.
- 75% of apparel production concentrated in Asia, led by China at 35% in 2023.
- Cotton accounts for 25% of global apparel fiber use, with sustainable cotton at 28% growth 2023.
- Inventory levels in U.S. apparel retail dropped 10% YoY in 2023.
- 60% of brands faced raw material shortages due to climate events 2023.
- Recycled polyester usage in apparel up 20% to 15 billion garments 2023.
- Bangladesh garment exports reached 45 billion USD in 2023.
- Lead times for apparel imports to U.S. averaged 45 days in 2023.
- 45% of apparel firms adopted AI for demand forecasting 2023.
- Vietnam overtook China as #2 apparel exporter with 44 billion USD 2023.
- Water usage in apparel production averages 2,700 liters per T-shirt globally.
- Nearshoring increased 15% in apparel supply chains post-2023.
- Organic cotton production hit 1 million tons in 2023.
- Logistics costs rose 12% for apparel retailers in 2023.
- 30% of apparel waste recycled globally, rest landfilled 2023.
- RFID tracking implemented by 50% of major apparel chains 2023.
- India textile exports 40 billion USD, 10% growth 2023.
- Carbon emissions from apparel supply chain 10% of global total 2023.
- Blockchain for traceability used by 20% of luxury brands 2023.
- Turkey apparel exports 18 billion USD in 2023.
- Microplastics from synthetic apparel 0.5 million tons/year.
- Supplier audits increased 25% for labor standards 2023.
- 3D printing for apparel prototypes cut lead times 40% 2023.
- Pakistan garment exports 16 billion USD 2023.
- Energy use in dyeing processes 20% of apparel total.
- Circular economy initiatives cover 5% of apparel volume 2023.
Supply Chain & Sustainability Interpretation
Sources & References
- Reference 1STATISTAstatista.comVisit source
- Reference 2MCKINSEYmckinsey.comVisit source
- Reference 3BAINbain.comVisit source
- Reference 4NPDnpd.comVisit source
- Reference 5GRANDVIEWRESEARCHgrandviewresearch.comVisit source
- Reference 6MARKETSANDMARKETSmarketsandmarkets.comVisit source
- Reference 7IBEFibef.orgVisit source
- Reference 8THREDUPthredup.comVisit source
- Reference 9BUSINESSRESEARCHINSIGHTSbusinessresearchinsights.comVisit source
- Reference 10FORTUNEBUSINESSINSIGHTSfortunebusinessinsights.comVisit source
- Reference 11EUROMONITOReuromonitor.comVisit source
- Reference 12RESEARCHANDMARKETSresearchandmarkets.comVisit source
- Reference 13GLOBALDATAglobaldata.comVisit source
- Reference 14ALLIEDMARKETRESEARCHalliedmarketresearch.comVisit source
- Reference 15IBISWORLDibisworld.comVisit source
- Reference 16PERSISTENCEMARKETRESEARCHpersistencemarketresearch.comVisit source
- Reference 17FUTUREMARKETINSIGHTSfuturemarketinsights.comVisit source
- Reference 18DELOITTEdeloitte.comVisit source
- Reference 19BAYMARDbaymard.comVisit source
- Reference 20WESTELMwestelm.comVisit source
- Reference 21POWERREVIEWSpowerreviews.comVisit source
- Reference 22FORBESforbes.comVisit source
- Reference 23EMARKETERemarketer.comVisit source
- Reference 24SHOPIFYshopify.comVisit source
- Reference 25PWCpwc.comVisit source
- Reference 26EUROBAROMETEReurobarometer.europa.euVisit source
- Reference 27RETAILDIVEretaildive.comVisit source
- Reference 28MINTELmintel.comVisit source
- Reference 29ADOBEadobe.comVisit source
- Reference 30GOODONYOUgoodonyou.ecoVisit source
- Reference 31THINKWITHGOOGLEthinkwithgoogle.comVisit source
- Reference 32ZALANDOzalando.comVisit source
- Reference 33BUSINESSOFFASHIONbusinessoffashion.comVisit source
- Reference 34NARnar.realtorVisit source
- Reference 35ASOSPLCasosplc.comVisit source
- Reference 36CORPORATEcorporate.zalando.comVisit source
- Reference 37TIKTOKtiktok.comVisit source
- Reference 38DIGITALCOMMERCE360digitalcommerce360.comVisit source
- Reference 39BOOHOOGROUPboohoogroup.comVisit source
- Reference 40SUBTAsubta.comVisit source
- Reference 41FARFETCHfarfetch.comVisit source
- Reference 42OCOYAocoya.comVisit source
- Reference 43INVESTORSinvestors.nike.comVisit source
- Reference 44INVESTORSinvestors.renttherunway.comVisit source
- Reference 45SEARCHENGINEJOURNALsearchenginejournal.comVisit source
- Reference 46RUELALAruelala.comVisit source
- Reference 47KAPOSTkapost.comVisit source
- Reference 48TEXTILEEXCHANGEtextileexchange.orgVisit source
- Reference 49CENSUScensus.govVisit source
- Reference 50BGMEAbgmea.com.bdVisit source
- Reference 51PIIEpiie.comVisit source
- Reference 52GARTNERgartner.comVisit source
- Reference 53VIETRADEvietrade.gov.vnVisit source
- Reference 54WATERFOOTPRINTwaterfootprint.orgVisit source
- Reference 55ELLENMACARTHURFOUNDATIONellenmacarthurfoundation.comVisit source
- Reference 56AVERYDENNISONaverydennison.comVisit source
- Reference 57TEXMINtexmin.nic.inVisit source
- Reference 58UNEPunep.orgVisit source
- Reference 59EVERLEDGEReverledger.comVisit source
- Reference 60ITKIBitkib.org.trVisit source
- Reference 61IUCNiucn.orgVisit source
- Reference 62FASHIONREVOLUTIONfashionrevolution.orgVisit source
- Reference 63WGSNwgsn.comVisit source
- Reference 64PTApta.org.pkVisit source
- Reference 65ZERO-DISCHARGEzero-discharge.orgVisit source
- Reference 66BLSbls.govVisit source
- Reference 67CORPORATEcorporate.walmart.comVisit source
- Reference 68INDITEXinditex.comVisit source
- Reference 69HMGROUPhmgroup.comVisit source
- Reference 70CORPORATEcorporate.lululemon.comVisit source
- Reference 71INVESTORSinvestors.gapinc.comVisit source
- Reference 72FASTRETAILINGfastretailing.comVisit source
- Reference 73PVHpvh.comVisit source
- Reference 74NRFnrf.comVisit source
- Reference 75REPORTreport.adidas-group.comVisit source
- Reference 76ABOUTabout.underarmour.comVisit source
- Reference 77RETAILWIREretailwire.comVisit source
- Reference 78INVESTORinvestor.levistrauss.comVisit source
- Reference 79CBREcbre.comVisit source
- Reference 80VFCvfc.comVisit source
- Reference 81PLMAplma.comVisit source
- Reference 82INVESTORSinvestors.ae.comVisit source
- Reference 83OLIVERWYMANoliverwyman.comVisit source
- Reference 84TAPESTRYtapestry.comVisit source
- Reference 85INVESTORSinvestors.rossstores.comVisit source





