Jerseys and T-shirts will be the top performing products in the apparel segment during 2020-2025. The global jersey market is expected to grow at a compound annual growth rate (CAGR) of 6.78 per cent in this period, while that of T-shirts may grow at an annual rate of 6.55 per cent. Global apparel market is expected to grow at 4.50 per cent to reach $1,574 billion by the end of 2025.
The global market of jerseys will grow to $311.78 billion by 2025. The product’s market size was $226.16 billion in 2017, $243.83 billion in 2018, $264.30 billion in 2019, $224.60 billion in 2020 and $243.47 billion in 2021, according to data obtained from Fibre2Fashion’s market insight tool TexPro.
As for T-shirts, the global market is expected to reach $220.75 billion by 2025 from $157.10 billion in 2017.
Trousers and shorts will remain the largest category of apparel in terms of global market size. But the growth rate will be mild compared to the some of the other categories. Its market size will grow at the rate of 3.84 per cent to reach $403.68 billion by 2025 from $354.38 billion of 2017.
Global market of shirts is expected to reach $173.14 billion (CAGR: 3.07 per cent), coats, jackets and blazers at $159.38 billion (CAGR: 3.09 per cent), suits, dresses and ensembles at $116.17 billion (CAGR: 3.33 per cent), innerwear at $79.32 billion (CAGR: 3.01 per cent), babywear at $58.09 billion (CAGR: 2.49 per cent), skirts at $29.01 billion (CAGR: 4.97 per cent) and nightwear at $23.55 billion (CAGR: 4.75 per cent).
The total apparel market size will grow at the rate of 4.50 per cent to reach $1,574 billion by 2025 from $1.387.74 billion in 2017, as per TexPro.
Fibre2Fashion News Desk (KUL)