The global decorated apparel market size is expected to reach USD 55.23 billion by 2025 registering a CAGR of 10.91%, according to a new report by Grand View Research, Inc. Rise in demand for decorated apparels due to along with the increased consumer purchasing power drives the growth of the market. Increasing number of offline channels, such as fashion stores, design stores, and specialty stores, has also contributed to the growth of the market.
Moreover,
changing fashion trends across the globe are expected to impel market growth
over the forecast period. Use of reflective patterns on tees and hoodies in the
entertainment sector is also boosting the market growth. North America is
anticipated to ascend at the fastest CAGR on account of increased sales of
products. In U.S., retail sales of women’s wear (shirts and tees) surpassed USD
33.5 billion in the year 2018. In addition, attractive offers on such products
due to constantly increasing demand, especially in the graphic tees and tops
category, have contributed to the growth of the regional market for decorated
apparel.
In
U.S., the sales of the apparel market was around USD 69.62 billion in 2018 and
is expected to grow at a strong CAGR over the forecast period (from 2019 to
2023). Furthermore, high demand for products in sportswear segment across the
region is likely to support market growth. Rise in consumer disposable income
and demand for premium and branded products across different end-user segments
are also estimated to propel the region’s growth.
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Decorated Apparel
Market Report Highlights
- In terms of
revenue, screen printing products segment is projected to ascend at the
maximum CAGR of 12.73% over the forecast period
- Women end-user
segment led the global decorated apparel market in 2018 and accounted for
a total share of more than 65%
- Asia Pacific
was the dominant regional market in 2018 and is projected to maintain its
dominance throughout the forecast years
- The global
market is highly competitive. Some of the key companies include Gildan
Activewear, Russel Brands, Downtown Custom Printwear, Master Printwear,
Hanesbrands, Delta Apparel, and Advance Printwear
- These
companies focus on new product launches, capacity expansions, and
technological innovations to estimate the existing and future demand
patterns from upcoming product segments
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Decorated Apparel
Market Segmentation
Grand View Research has
segmented the global decorated apparel market on the basis of product, end
user, and region:
Decorated Apparel
Product Outlook (Revenue, USD Billion, 2015 - 2025)
- Embroidery
- Screen Printing
- Dye Sublimation
- Digital Printing
- Others
Decorated Apparel
End User Outlook (Revenue, USD Billion, 2015 - 2025)
- Men
- Women
- Children
Decorated Apparel
Regional Outlook (Revenue, USD Billion, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Middle East & Africa
- South Africa
- Central & South America
- Brazil
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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