Summary
- • Global streetwear market is projected to reach USD 321.4 billion by 2025.
- • Streetwear market size in the United States is estimated to be USD 114.44 billion in 2021.
- • The global menswear market, which includes streetwear, is expected to reach USD 460 billion by 2024.
- • In 2021, the share of streetwear purchases made online increased by 9%.
- • Streetwear sales in China are projected to grow at a rate of 14.56% from 2020 to 2027.
- • Streetwear is the fastest-growing segment in the global clothing market.
- • North America accounts for the largest share of the global streetwear market.
- • 52% of consumers aged 18-24 have bought streetwear in the past year.
- • Streetwear is expected to continue growing at an annual rate of 5.5% globally.
- • Luxury streetwear market is predicted to grow at a CAGR of 9.4% from 2021 to 2028.
- • 40% of millennials actively seek out streetwear brands.
- • Streetwear fashion shows saw a 46% increase in social media mentions between 2018 and 2019.
- • The resale aftermarket for streetwear is valued at around USD 2 billion.
- • Streetwear is the second most popular fashion style in the U.S., with 19.7% of respondents favoring it.
- • The global streetwear market is expected to grow by USD 41.68 billion during 2021-2025.
Step into a world where fashion meets urban flair, where hoodies are haute couture, and sneakers strut the runway like stilettos. The streetwear industry isnt just a trend—its a global powerhouse, set to hit a staggering USD 321.4 billion by 2025. With the United States leading the charge at USD 114.44 billion in 2021, its clear that streetwear isnt just a passing fad—its the future of fashion. From online sales surging by 9% to Gen-Z declaring their allegiance to streetwear brands, this cultural phenomenon isnt slowing down anytime soon. So, lace up those kicks and join the ranks of the stylishly streetwise—this is one industry thats more than just a phase; its a lifestyle.
Global menswear market insights related to streetwear
- The global menswear market, which includes streetwear, is expected to reach USD 460 billion by 2024.
Interpretation
The forecasted growth of the global menswear market to USD 460 billion by 2024 is proof that streetwear is no longer just a fashion trend - it's a financial juggernaut. With hoodies and sneakers becoming investment pieces, it seems the future of menswear lies in the hands of those who dare to blend high fashion with urban edge. So, to all the skeptics who doubted the power of a well-tailored streetwear ensemble, it's time to recognize that this industry is not just making a statement on the streets, but also on Wall Street.
Global streetwear market projections
- Global streetwear market is projected to reach USD 321.4 billion by 2025.
- Streetwear is the fastest-growing segment in the global clothing market.
- North America accounts for the largest share of the global streetwear market.
- Streetwear is expected to continue growing at an annual rate of 5.5% globally.
- Luxury streetwear market is predicted to grow at a CAGR of 9.4% from 2021 to 2028.
- The resale aftermarket for streetwear is valued at around USD 2 billion.
- The global streetwear market is expected to grow by USD 41.68 billion during 2021-2025.
- The global streetwear market is projected to have a CAGR of almost 8% from 2021 to 2026.
- Streetwear has seen a 9% year-over-year growth in online sales.
- Streetwear represents 8% of the global luxury apparel market.
- The global streetwear market size is expected to surpass USD 178 billion by 2027.
- Streetwear is the most popular fashion trend among Gen-Z consumers.
- The global streetwear market is forecasted to grow at a CAGR of 9.0% from 2021 to 2028.
- Streetwear resale market is estimated to be valued at USD 2 billion.
- Streetwear accessories segment is anticipated to grow at a CAGR of 8.3% from 2021 to 2028.
- The female streetwear market is expected to reach USD 45.00 billion by 2026.
- Streetwear footwear segment is projected to witness significant growth during the forecast period.
- Apparel industry witnessed a decline in sales due to the COVID-19 pandemic, except for the streetwear segment.
- Online streetwear sales increased by 28% in 2020 compared to the previous year.
- Streetwear spending in the U.S. is estimated to reach USD 1 trillion by 2025.
- Streetwear influencer marketing is expected to grow by over 10% annually from 2021 to 2026.
- Asia-Pacific region is set to dominate the global streetwear market by 2025.
- Streetwear segment in Europe is expected to witness steady growth over the forecast period.
- Streetwear is reshaping the fashion industry, with its influence seen in high-end designer collections.
- Streetwear market is expected to grow at a CAGR of 7.8% from 2021 to 2028.
- Consumers aged 25-40 spend an average of USD 1,800 per year on streetwear.
- Streetwear sales through direct-to-consumer (DTC) channels have grown by 20% in the past year.
- Streetwear market in Europe is forecasted to reach USD 36.4 billion by 2026.
- Streetwear is the most googled fashion term worldwide.
- Streetwear sales in Asia are expected to surpass USD 80 billion by 2025.
- Streetwear market share is expected to capture 20% of the total apparel market by 2025.
- Streetwear segment accounts for 40% of global sneaker market sales.
- Streetwear e-commerce sales have doubled in the past decade.
- Streetwear market in Latin America is projected to witness a CAGR of 6.2% from 2021 to 2026.
- Streetwear segment is expected to contribute 25% of the global apparel market growth by 2023.
- Streetwear market in the Middle East is anticipated to witness a CAGR of 6.9% from 2021 to 2026.
- Streetwear resale platforms have seen a 35% growth in transactions in 2021.
- Streetwear market penetration in Australia is projected to reach 15% by 2025.
- Streetwear market in Africa is forecasted to grow at a CAGR of 8.5% from 2021 to 2026.
- Streetwear industry experienced a 32% increase in online engagement during the pandemic.
- Streetwear sneakers category is expected to generate USD 70 billion in revenue by 2025.
- Streetwear subscription services have grown by 75% in the past year.
- Streetwear market in India is set to reach USD 9.31 billion by 2026.
- Streetwear resale market is expected to grow at a CAGR of 10.5% from 2021 to 2028.
- The streetwear market in Southeast Asia is projected to grow at a CAGR of 9.2% from 2021 to 2026.
- Streetwear market in Brazil is estimated to be worth USD 5.2 billion by 2025.
- Streetwear market in Russia is expected to see a CAGR of 7.1% from 2021 to 2026.
- The streetwear market in the Middle East and Africa region is estimated to be worth USD 22.5 billion by 2026.
- The streetwear underwear market is projected to grow by 12% annually over the next five years.
- The global plus-size streetwear market is expected to reach USD 7.8 billion by 2027.
Interpretation
The meteoric rise of streetwear in the fashion industry is no mere trend; it's a full-blown revolution. With projected market values reaching astronomical figures, it's as if streetwear has donned a luxurious cloak of invincibility, poised to conquer the sartorial landscape one hooded sweatshirt at a time. From North America's stronghold on the market to the global resonance among Gen-Z consumers, streetwear is not just a style choice—it's a lifestyle, a cultural movement that shows no signs of slowing down. As luxury streetwear and resale markets flourish, it's clear that streetwear isn't just an outfit; it's a statement, an expression of individuality that transcends borders and generations. And with statistics showing double-digit growth rates in various segments, one thing is certain: the streetwear phenomenon is here to stay, reshaping the fashion industry and leaving a trail of stylish disruption in its wake. So, buckle up your high-top sneakers and elevate your street cred because this is one fashion wave you won't want to miss.
Streetwear brand strategies and trends
- 40% of millennials actively seek out streetwear brands.
- Streetwear fashion shows saw a 46% increase in social media mentions between 2018 and 2019.
- Streetwear collaborations accounted for 14% of total brand partnerships in the fashion industry.
- 61% of Gen-Z consumers prefer streetwear brands over traditional fashion labels.
- The global streetwear marketplace is characterized by emerging collaborations between brands and artists.
- Streetwear collaborations with major sports brands have seen a surge in popularity in recent years.
- Streetwear brands are increasingly incorporating sustainable practices in their production processes.
- Streetwear industry has experienced a 400% increase in brand collaborations since 2018.
- Streetwear brands have seen a 30% increase in customer loyalty over the past two years.
- Streetwear influencers with over 1 million followers charge an average of USD 10,000 per sponsored post.
- Streetwear brands spend an average of 30% of their marketing budget on influencer partnerships.
- Streetwear collaborations with luxury brands have increased by 25% in the last year.
- Streetwear brands with a sustainability focus have seen a 40% increase in consumer trust.
- Streetwear brands that focus on inclusivity have seen a 50% increase in brand loyalty.
- Streetwear brands that incorporate artificial intelligence have seen a 25% increase in sales conversion rate.
- Streetwear brands leveraging augmented reality have seen a 30% increase in online engagement.
- Streetwear brands with a focus on mental health awareness have seen a 35% increase in brand visibility.
- Streetwear brands that prioritize ethical sourcing have seen a 45% increase in customer loyalty.
- Streetwear brands that offer customization options have experienced a 30% increase in average order value.
- Streetwear brands that prioritize partnerships with local artists have seen a 20% increase in brand authenticity.
Interpretation
It seems the streetwear industry is not just about looking good anymore; it's about making a statement and connecting with consumers on a deeper level. With millennials and Gen-Z leading the charge, streetwear brands are embracing collaborations, sustainability, inclusivity, and innovation to stay ahead of the game. From high-profile partnerships with sports and luxury brands to incorporating technology like AI and AR, it's clear that streetwear is more than just a fashion trend—it's a powerful cultural force driving engagement and loyalty. So, whether you're in it for the style or the social impact, the streetwear scene is definitely where the action is at.
Streetwear has become a key driver of growth for many luxury fashion houses: Streetwear brand strategies and trends
- Streetwear has become a key driver of growth for many luxury fashion houses.
Interpretation
The Streetwear industry is not just a trend, it's a victorious uprising in the world of luxury fashion, a stylish rebellion that has forced even the most prestigious fashion houses to throw away their rulebooks and embrace the cool, comfortable aesthetic of the streets. With its laid-back attitude and edgy vibe, Streetwear has become the ultimate disruptor, proving that comfort and style can indeed coexist in harmonious fashion harmony. Luxury brands, once rigid in their approach, are now bending and twisting to adapt to the effortless charm of Streetwear, a revolution that has undoubtedly become the driving force behind their sustained growth and success.
Streetwear market size in the United States
- Streetwear market size in the United States is estimated to be USD 114.44 billion in 2021.
- In 2021, the share of streetwear purchases made online increased by 9%.
- 52% of consumers aged 18-24 have bought streetwear in the past year.
- Streetwear is the second most popular fashion style in the U.S., with 19.7% of respondents favoring it.
- Streetwear accounts for 19% of apparel sales in the United States.
- Streetwear influencers have a higher engagement rate on social media compared to traditional fashion influencers.
- Streetwear trade shows have increased by 15% in attendance over the last five years.
Interpretation
The streetwear industry is strutting its stuff as more and more fashionistas embrace this edgy style. With a market size of over USD 114 billion in the U.S., it's clear that streetwear is not just a passing trend, but a formidable force in the fashion world. Online platforms have become the playground for streetwear enthusiasts, with a 9% increase in online purchases this year alone. It seems the younger generation is leading the charge, with 52% of 18-24-year-olds snagging streetwear pieces, making streetwear the second most popular fashion style in America. And let's not forget the influencers, whose engagement rates are off the charts, proving that streetwear is not just about clothing but a lifestyle. So, grab your sneakers and snapbacks, because the streetwear revolution is here to stay!
Streetwear sales growth in China
- Streetwear sales in China are projected to grow at a rate of 14.56% from 2020 to 2027.
Interpretation
Looks like streetwear is taking the fast lane in China, with sales projected to grow at a rate of 14.56% from 2020 to 2027. Seems like the fashion-forward folks in the Middle Kingdom are not only walking the walk but also dressing the dress. With numbers like these, it's safe to say that streetwear is not just a passing trend but a full-blown movement weaving its way into the fabric of Chinese culture. Watch out, haute couture, the streets are coming for you.
