Retail sales of the global apparel and footwear market 2017-2030

The size of the global apparel and footwear market in 2019 was 1.9 trillion U.S. dollars, and this was forecast to reach 3.3 trillion U.S. dollars by 2030.

Apparel market in Asia to grow

Further forecasts suggest that the global apparel market could alone be valued at around 1.52 trillion U.S. dollars in 2020, with the largest demand share set to come from the Asia Pacific region. As of 2018, the United States generated the highest revenue from the apparel market, followed by China, India, and Japan – highlighting the emerging markets in Asia.

Sportswear brands pushing apparel market

The sportswear market is one of the key apparel markets worldwide: it was valued at 265 billion U.S. dollars in 2019 and was predicted to increase by around 80 percent by 2025. Sportswear is made from materials that improve agility and offer comfort, specifically designed to aid performance during physical activities. Nike was the leading sportswear company worldwide in 2019, with sales generating more than 39 billion U.S. dollars.