According to the report by Expert Market Research (EMR), the global readymade garments market size is projected to grow at a CAGR of 9.3% between 2024 and 2032. Aided by the increasing global population, urbanisation, and the rise of e-commerce, the market is expected to grow significantly by 2032.
Readymade garments refer to clothing that is mass-produced in standard sizes and sold in finished condition. Encompassing a wide range of products from casual wear to formal attire, these garments are a staple of the global fashion industry. The sector spans various clothing types, including tops, trousers, dresses, suits, and outerwear, catering to diverse consumer tastes and preferences.
The primary driver of the readymade garments market growth is the burgeoning global population coupled with rising disposable incomes, especially in emerging economies. This economic upliftment has led to increased consumer spending on clothing, fuelling the market’s growth.
Get a Free Sample Report with a Table of Contents: https://www.expertmarketresearch.com/reports/readymade-garments-market/requestsample
The rapid expansion of e-commerce and online shopping platforms has also significantly contributed to the market’s expansion, offering consumers a convenient and varied shopping experience. Additionally, the increasing influence of social media and digital marketing has played a crucial role in shaping fashion trends and consumer behaviour.
As per the readymade garments market analysis, the growing awareness of sustainable and ethical fashion has led to a shift in manufacturing practices, with more brands adopting eco-friendly and fair-trade practices. This change is gradually transforming the industry, aligning it with the broader sustainability agenda.
Technological advancements in the manufacturing and supply chain processes have streamlined operations, reducing production costs and time. The introduction of automation and AI in garment production has enhanced efficiency and customisation capabilities.
The Asia Pacific accounts for a significant portion of the readymade garments market share, driven by the presence of major manufacturing hubs like China, Bangladesh, and India. North America and Europe also hold substantial market shares, attributed to their high consumer spending power and established retail networks.
Looking forward, the market is poised for transformative growth, with a focus on sustainable and ethical fashion. The increasing adoption of digital and AI technologies in design and production is expected to revolutionise the industry. Moreover, the rising trend of personalisation and custom-made clothing is anticipated to open new avenues in the market.
Readymade Garments Market Segmentation
The market can be divided based on product type, application, fabric type, gender, distribution channel, and region.
Market Breakup by Product Type
- Outer Clothing
- Inner Clothing
Market Breakup by Application
- Formal Wear
- Sports Wear
- Casual Wear
- Safety Apparel
- Others
Market Breakup by Fabric Type
- Knit
- Woven
- Non – Woven
Market Breakup by Gender
- Men
- Women
- Kids
Market Breakup by Distribution Channel
- Supermarket and Hypermarket
- Independent Retail Stores
- Speciality Stores
- Online
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/readymade-garments-market
Competitive Landscape of Readymade Garments Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global readymade garments market. Some of the major players explored in the report by Expert Market Research are as follows:
- Louis Vuitton Malletier SAS
- Nike, Inc.
- The Gap, Inc.
- VF Corporation
- Hennes & Mauritz AB
- Zara
- Hanesbrands Inc.
- Others
About Us
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.
Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.
Don’t miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.
Media Contact:
Company Name: Claight Corporation
Contact Person: Anna Poliatova, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com
