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Readymade Garment Market to Reach $ 1,268.3 Bn, Globally, by 2027 at 8.8% CAGR, Says Allied Market Research

Drivers, restraints, and opportunities Drivers, restraints, and opportunities Rise in sports and fitness awareness and dynamic fashion trends and its influence over consumers have boosted the growth of the global readymade garments market. However, negative impact on the ecosystem hampers the market. On the contrary, rapid growth of online retail platforms and introduction of innovative apparel designs are expected to create lucrative opportunities for the market players in the future...
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Rise in sports and fitness awareness and dynamic fashion trends and its influence over consumers have boosted the growth of the global readymade garments market. However, negative impact on the ecosystem hampers the market. On the contrary, rapid growth of online retail platforms and introduction of innovative apparel designs are expected to create lucrative opportunities for the market players in the future.

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By product type, the outer clothing segment dominated the market in 2019, accounting for more than 90% of the global readymade garments market, due toincreasing affluent population in the world and cross-cultural interaction because of international travel. However, the inner clothing segment is expected to manifest the highest CAGR of 10.0% during the forecast period, owing torise in affinity of women toward various nightwear and shapewear, growing trend of night time fashion, and influence of celebrities over purchase of innerwear

By sales channel, the e-commerce segment is expected to portray the highest CAGR of 9.5% during the forecast period, due to ease of accessibility and enhanced convenience offered by the online platformand emergence of advanced technology. However, the supermarket/hypermarket segment held the largest share in 2019, accounting for more than one-third of the global readymade garments market, owing to increase in adoption of supermarket and hypermarket in both the mature and emerging markets.

By region, the market across Asia-Pacific held the largest share in 2019, contributing to more than two-fifths of the market. Moreover, the region is expected to register the highest CAGR of 10.1% during the forecast period, owing to stable economic conditions coupled with increase in disposable income, consumer preference for a healthy lifestyle, and consistent rise in adventure tourism and outings. On the other hand, the global readymade garments market across North America is expected to register a CAGR of 7.9% during the study period.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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