Apparel and Footwear Market Share, Size, Trends, Industry Analysis Report: By Apparel, Footwear, Material, Distribution Channel, End User (Men, Women, and Kids), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Forecast, 2025–2034
- Published Date:Dec-2024
- Pages: 128
- Format: PDF
- Report ID: PM5333
- Base Year: 2024
- Historical Data: 2020-2023
Apparel and Footwear Market Overview
The global apparel and footwear market size was valued at USD 1,731.92 billion in 2024. The market is projected to grow from USD 2,041.59 billion in 2025 to USD 9,110.75 billion by 2034, exhibiting a CAGR of 18.1% during 2025–2034.
Apparel and footwear include clothing and shoes designed for style, comfort, and protection, influenced by fashion trends and consumer preferences.
The apparel and footwear market growth is driven by growing urbanization, lifestyle changes, and awareness of fashion trends and personal style. Consumers seek trendy, fashionable items that reflect their tastes, driving market growth as brands adapt to evolving fashion preferences and styles.
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The growth in e-commerce reflects changing consumer preferences and supports the apparel and footwear market expansion. Online retail platforms provide consumers with convenient shopping experiences and a wide range of products. The platforms also offer personalized recommendations, competitive pricing, and seamless transactions, enhancing accessibility and global market reach. For instance, in June 2024, Bata partnered with the French online retailer Sarenza to strengthen its online presence in France. This collaboration aims to expand Bata's reach by offering a wider range of products through Sarenza’s platform. As customers increasingly prefer digital shopping, such partnerships allow brands such as Bata to meet demand while improving market penetration and product availability.
Apparel and Footwear Market Trends
Rising Adoption of Sustainable Practices in Apparel and Footwear Manufacturing
The importance of sustainable initiatives in the manufacturing of apparel and footwear is increasing due to growing consumer awareness and regulatory pressures. Companies are using eco-friendly materials, reducing carbon footprints, and adopting ethical sourcing practices to meet the demand for sustainable products.
In March 2023, the FY21 Impact Report highlights Nike's objectives for improving environmental impact, emphasizing its commitment to corporate responsibility and sustainable practices. By implementing strategies to lower carbon emissions, use eco-friendly materials, and enhance waste management, Nike stated its aim to appeal to eco-conscious consumers and boost its market reputation. These efforts reflect a strong dedication to sustainability and ethical business practices. These measures also enhance the company's competitiveness in the market, reflecting a commitment to sustainability and responsible business practices.
Innovative Fashion Trends to Propel Growth of Apparel and Footwear Market
Innovative fashion trends have a significant influence on consumer demand for new clothing and footwear. Continuous advancements in design, materials, and technology drive this demand. Companies need to swiftly adapt to fashion trends, seasonal shifts, and cultural influences to stay competitive.
In September 2024, H&M announced a collaboration with Shanghai Fashion Week and GARÇON BY GARÇON. The collection, launching in October, features womenswear, menswear, and unisex apparel inspired by classical and mythological themes. It highlights vibrant colors and innovative designs, showcasing GARÇON BY GARÇON’s unique aesthetic and storytelling.
Innovations in the apparel and footwear market, such as athleisure wear, smart clothing with integrated technology, and customizable fashion options, cater to evolving consumer preferences. These advanced developments meet diverse demands and stimulate market growth by offering unique and appealing products.
Nike’s launch of SWOOSH in November 2022 underscored its commitment to innovating digital fashion through web3 technology. This enables users to collect and co-create virtual apparel and footwear, catering to increased consumer preferences for customizable and interactive fashion experiences. Thus, innovative fashion trends are estimated to propel the growth of the apparel and footwear market in the coming years.
Apparel and Footwear Market Segment Analysis
Apparel and Footwear Market Assessment by Footwear
The global apparel and footwear market, based on footwear, is segmented into athletic footwear, non-athletic footwear, sportswear and activewear, formal wear, and casual wear.
The athletic footwear segment dominated the apparel and footwear market share in 2024 due to its widespread appeal in sports and active lifestyles. This segment thrives on continuous demand for specialized designs and performance features tailored to various athletic activities. Major players in the market are designing specialized and innovative clothing and footwear for athletes to meet the growing demand from an expanding base of athletic consumers.
In April 2024, Nike's "Nike on Air" event in Paris showcased its dedication to customizing apparel and footwear for athletes. The event featured 40 elite athletes wearing tailored Nike gear, including new Air units such as the Pegasus Premium and AI-designed footwear. This customization highlights Nike's innovation in creating performance-driven products that enhance athletes' capabilities and self-expression, reinforcing the brand’s commitment to meeting individual athlete needs and setting new standards in sportswear.
Apparel and Footwear Market Evaluation by End User
The global apparel and footwear market, by end users, is segmented into women, men, and kids. The women segment is expected to dominate the market by 2032. This is due to the diverse styles, designs, and seasonal trends that cater to various consumer preferences and situations. This sector covers a wide range of categories, including casual and formal wear as well as activewear, reflecting a broad consumer base and increased spending on fashion and personal style globally.
Burberry's Spring 2024 collection emphasizes the growth in women’s fashion with bold designs and luxurious fabrics, aligning with the trend of diverse women's fashion. The collection caters to diverse preferences, from casual to formal wear, reflecting a growing consumer base with high spending. It features vibrant prints, luxurious fabrics, and innovative tailoring, showcasing Burberry's dedication to empowering women through fashion.
Apparel and Footwear Market Outlook by Region
By region, the study provides the apparel and footwear market insights into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America held the largest revenue share in 2024 due to its strong consumer purchasing power, robust retail infrastructure, advanced e-commerce platforms, enhanced market accessibility, and customer engagement. Additionally, the region's proactive use of digital technology and marketing strategies solidifies its role as a global leader in fashion trends and consumer preferences.
The US apparel and footwear market is expected to grow in the coming years, owing to the changing consumer preferences, evolving fashion trends, and economic influences. Moreover, consumers have become more aware of the environmental and social impacts of their purchases. Major players in the market, such as Patagonia and H&M, have gained recognition for prioritizing eco-friendly materials and ethical production, further influencing the market toward sustainability and responsible practices.
The Asia Pacific apparel and footwear market is expected to grow significantly in the coming years. The growth is driven by rapid urbanization, increasing disposable incomes, and a large consumer base in countries such as China and India. The expansion of e-commerce and the region's strong manufacturing capabilities have increased accessibility to these products. Competitive pricing, availability of a wide range of products, and the growing demand for fashion and casual wear further contribute to the expansion of the market, attracting a diverse range of consumers across the region. The key market players in the market are consolidating, acquiring, and collaborating to strengthen their presence in the Asian apparel and footwear market and offer better products. For instance, In September 2024, Aditya Birla Fashion acquired a 51% stake in TCNS Clothing, making it the company's majority shareholder. This strategic decision enhances Aditya Birla's position in the fashion sector, broadening its product range and solidifying its position in the Indian market.
Apparel and Footwear Market: Key Players and Competitive Analysis Report
Major market players are making significant investments in research and development to expand their product offerings and drive the growth of the apparel and footwear market. These companies are also engaging in various strategic activities, including launching innovative products, forming international partnerships, increasing investments, and engaging in mergers and acquisitions to expand their global presence.
Major players in the apparel and footwear market are Adidas AG, Arvind Lifestyle Brands Ltd, Bata India Ltd, Burberry Group plc, H&M Hennes & Mauritz AB, Inditex, KERING, LVMH Louis Vuitton Moët Hennessy, Nike Inc., Puma SE, and VF Corporation.
Nike, Inc. is a global company that specializes in designing, marketing, and distributing athletic footwear, apparel, and accessories. The company's operations include manufacturing and selling products for various sports and lifestyle markets. Its portfolio includes renowned brands such as Nike, Jordan, and Converse. With a strong focus on innovation and sustainability, Nike drives growth through advanced product design, strategic endorsements, and global retail partnerships.
Adidas AG is a global sportswear manufacturer that specializes in apparel, footwear, and accessories. The company operates through two main segments—Adidas and Reebok. Adidas offers a wide range of sports footwear, apparel, and accessories, while Reebok focuses on fitness and training products. In recent years, Adidas has enhanced its product lineup and expanded its market presence through strategic partnerships and acquisitions, including its collaboration with Parley for the Oceans to create sustainable products. The Adidas x IVY PARK NOIR was launched in October 2023. It features the IVY PARK NOIR capsule, showcasing all-black designs that highlight fabric, fit, and texture. The collection includes luxury materials and bold footwear, available in sizes ranging from XXS to 3XL.
Key Companies in the Apparel and Footwear Market
- Adidas AG
- Arvind Lifestyle Brands Ltd
- Bata India Ltd
- Burberry Group plc
- H&M Hennes & Mauritz AB
- Inditex
- KERING
- LVMH Louis Vuitton Moët Hennessy
- Nike Inc.
- Puma SE
- VF Corporation
Apparel and Footwear Market Developments
February 2024: Authentic Brands Group partnered with ALDO Group to design, produce, and distribute Hunter bags and small leather goods in the US and Canada. This collaboration leverages ALDO's expertise to expand Hunter's offerings, with collections launching in FW24.
September 2024: PUMA launched its first collaboration with London-based streetwear brand Aries. The genderless collection features statement graphics, experimental knitwear, and accessories, including a redesigned PUMA Mostro and Suede. The capsule, blending PUMA’s heritage with Aries’ luxe aesthetic, will be available at select retailers and online.
Apparel and Footwear Market Segmentation
By Apparel (Revenue, USD Billion, 2020–2034)
- Athletic Apparel
- Non-Athletic Apparel
- Sportswear and Activewear
- Formal
- Casual
By Footwear Revenue, USD Billion, 2020–2034)
- Athletic Footwear
- Non-Athletic Footwear
- Sportswear and Activewear
- Formal
- Casual
By Material (Revenue, USD Billion, 2020–2034)
- Leather
- Synthetic
- Rubber
- Cotton
- Others
By Distribution Channel (Revenue, USD Billion, 2020–2034)
- Online
- Offline
- Supermarkets
- Hypermarkets
- Specialty Stores
By End User (Revenue, USD Billion, 2020–2034)
- Men
- Women
- Kids
By Region (Revenue, USD Billion, 2020–2034)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Netherlands
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Malaysia
- South Korea
- Indonesia
- Australia
- Vietnam
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Apparel and Footwear Market Report Scope
|
Report Attributes |
Details |
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Market Size Value in 2024 |
USD 1,731.92 Billion |
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Market Size Value in 2025 |
USD 2,041.59 Billion |
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Revenue Forecast in 2034 |
USD 9,110.75 Billion |
|
CAGR |
18.1% from 2025 to 2034 |
|
Base Year |
2024 |
|
Historical Data |
2020–2023 |
|
Forecast Period |
2025–2034 |
|
Quantitative Units |
Revenue in USD Billion and CAGR from 2025 to 2034 |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
|
|
Regional Scope |
|
|
Competitive Landscape |
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|
Report Format |
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Customization |
Report customization as per your requirements with respect to countries, regions, and segmentation. |
FAQ's
The global apparel and footwear market size was valued at USD 1,731.92 billion in 2024 and is projected to grow to USD 9,110.75 billion by 2034.
The global market is projected to grow at a CAGR of 18.1% during 2025–2034.
North America accounted for the largest market share in 2024.
Adidas AG, Arvind Lifestyle Brands Ltd, Bata India Ltd, Burberry Group plc, H&M Hennes & Mauritz AB, Inditex, KERING, LVMH Louis Vuitton Moët Hennessy, Nike Inc., Puma SE, and VF Corporation are a few key market players
The women segment is expected to dominate the market by 2034.
The athletic footwear segment held the largest market share in 2024.
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