$850.8bn
$XX.Xbn
11m
423k
$XXX.Xbn
Global apparel manufacturers have benefited from strengthening consumer spending in developed and rapidly growing emerging economies in recent years. However, sudden changes in how consumers shopped worldwide following the COVID-19 pandemic shifted its trajectory. Dips in global consumer spending and lockdowns dropped production at factories. Even as economies reopened, bottlenecks and supply chain woes punctured footwear production globally, while rising costs for everything from cotton to crude oil shot up production costs. Global economic uncertainty and inflation continue to strain performance into 2024. In all, industry-wide revenue has been declining at a CAGR of 3.3% to an estimated $850.8 billion over the past five years, including an expected climb of 1.6% in 2024.
Industry revenue has declined at a CAGR of 3.3 % over the past five years, to reach an estimated $850.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Bosideng International Holdings Limited | 3,546.8 | N/A | N/A | |
Heilan Group Co. Ltd. | 3,546.8 | N/A | N/A |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Women's apparel, Men's apparel and Children's apparel. Women's apparel is the largest segment of the Global Apparel Manufacturing.
Women are the top spenders on clothing globally
Global apparel manufacturers design, produce and distribute clothing and related accessories internationally. These manufacturers operate large-scale production facilities and often source raw materials from various countries to create various apparel items, including casual wear, formal wear, sportswear and specialized clothing.
Purchase this report to view all 2 major companies in this industry.
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Inflation and global economic uncertainty replace pandemic challenges. Instability hurts global consumer sentiment, while supply chain snags and shortages increase what manuf...
Learn about an industry's products and services, markets and trends in international trade.
Clothing production tailors to women’s spending power. Women globally spend the most on clothing, leading manufacturers to produce substantially more women’s clothing styles ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Disruptions challenge China’s position as the leading apparel manufacturer worldwide. While a trade war, stringent pandemic policies and geopolitical tensions have taken some...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Intense rivalry marks the landscape for apparel manufacturers worldwide. A diverse mix of small manufacturers and leading producers vie for sales in an increasingly connected...
Learn about the performance of the top companies in the industry.
The scope of apparel production limits any company from controlling this industry. Thousands of clothing manufacturers exist to meet the enormous global demand for apparel.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Apparel producers are responsible for massive amounts of waste and greenhouse gas emissions. Mounting concerns about climate change could lead to more stringent sustainabilit...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Low-cost labor in top apparel-producing countries keeps wages low. Large portions of the Global Apparel Manufacturing industry’s labor force work in China and Bangladesh, off...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources globally include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Global Apparel Manufacturing industry in Global is $850.8bn in 2024.
There are 423k businesses in the Global Apparel Manufacturing industry in Global, which has grown at a CAGR of 0.7 % between 2019 and 2024.
The market size of the Global Apparel Manufacturing industry in Global has been declining at a CAGR of 3.3 % between 2019 and 2024.
Over the next five years, the Global Apparel Manufacturing industry in Global is expected to grow.
The biggest companies operating in the Global Apparel Manufacturing market in Global are Bosideng International Holdings Limited and Heilan Group Co. Ltd.
Manufacturing coats and winter clothes and Manufacturing suits for men and women are part of the Global Apparel Manufacturing industry.
The company holding the most market share in Global is Bosideng International Holdings Limited.
The level of competition is high and increasing in the Global Apparel Manufacturing industry in Global.