The apparel and leather products market comprises establishments involved in the manufacture and sale of apparel, leather and related products.
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The global apparel and leather products market has shown high growth in the past years with a CAGR of around 5%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the apparel and leather products market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Technological advances in material sciences and nano technology is stimulating the demand for smart fabrics. Smart fabrics have digital components such as sensors embedded in the fabric. They have the ability to interact with the individual and their environment, by tracking and communicating data about the individual and environment to other devices through sensors and conductive yarns. They are widely used in fashion, entertainment, medical, transportation, sports and fitness and military. For instance, Ralph Lauren in 2014 launched technology enabled tennis shirts that monitored hear rate, breathing and stress levels among players.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are NIKE Inc, Christian Dior SE, H&M AB, Adidas AG and VF Corp.
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