Apparel and leather products Market To Grow At A Higher Rate


Posted January 11, 2019 by sainath

The apparel and leather products market size is expected to reach $1.6 trillion by 2022, significantly growing at a CAGR of around 6% during the forecast period
 
The Business Research Company’s global apparel and leather products market, covers the year-on-year growth of the global apparel and leather products historic and forecast growth. It also includes chapters on the trends, geographical analysis, and competitive landscape.

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https://www.thebusinessresearchcompany.com/report/apparel-and-leather-products-global-market-report

The global apparel and leather products market is forecast to grow at a CAGR (compound annual growth rate) of around 6 % to 2022.

Apparel And Leather Products Market Trends

Material science and nanotech advances driving smart fabrics, manufacturing of biological materials that are sustainable are the major trends witnessed in the global apparel and leather products market. With emerging markets growth, technology development, the scope and potential for the global apparel and leather products market is expected to significantly rise in the forecast period.

Asia Pacific was the largest region in the apparel manufacturing market in 2017, accounting for 40 % market share. This is due to high demand from developing countries such as China and India, which also has large population base.

The global apparel and leather products is primarily driven by demand for ready to wear apparel products from developed countries and developing countries such as China and India, increasing health consciousness among customers and increase in the taxes levied by many state and national governments, growth of e-commerce and government regulations.

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The global apparel and leather products market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With emergence of multinational apparel and leather products companies growing awareness about latest fashion trends on social media the global apparel and leather products is expected to increase in potential and scope. TBRC’s report also covers the global apparel and leather products market report drivers and restraints in the market.

The global apparel and leather products market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.

The top companies included in the global apparel and leather products report are NIKE Inc, Christian Dior SE, H&M AB, Adidas AG, VF Corp

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Categories Business , Industry , Manufacturing
Tags apparel and leather products industry , apparel and leather products market , apparel and leather products market size , global apparel and leather products market
Last Updated January 11, 2019