16. Apparel Retail in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2014-18, and forecast to 2023). Residents of Manhattan spend the most on apparel per month in the United States, averaging $362 in purchases. The report of Protective Clothing Market by Material Type, Application, End User Industry and Region is expected to reach US$ XX Mn. 15. The second-hand apparel market is expected to grow to $32 billion in 2020, according to GlobalData research for online thrift store ThredUp . That’s up from $28 billion in 2019. This will put it in third place behind the entire European Union and China. The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Women's Clothing Stores in the US industry trends (2015-2020) Women's Clothing Stores in the US industry outlook (2020-2025) poll Average industry growth 2020-2025 : x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. b. Market Size & Industry Statistics. According to The NPD Group, non-active casual-wear represents more than half of the industry’s annual sales – $103 billion in the 12 months ending June 2019. With a market value of 54.5 billion dollars and 2015 annual sales of 30.9 billion dollars, TJX Companies is the second largest fashion company in the United States. For fashion players, 2019 will be a year of awakening. Regardless of size and segment, players now need to be nimble, think digital-first and achieve ever-faster speed to market. Global Intimate Apparel Market is expected to grow at a CAGR x.x% over the next ten years, and will reach at US$ XX.X Mn in 2028, from US$ XX.X Mn in 2018. email inquiry@market.us … The global activewear market was worth an estimated $398 billion in 2019, growing at a 6.8% CAGR. The total U.S. industry market size for Clothing Stores: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. North America makes up an estimated 40% of all activewear sales worldwide, followed by Europe (30%) and APAC (26%). By 2025, the US apparel market size is expected to be $285 billion. The ones who will succeed will have to come to terms with the fact that in the new paradigm that is taking shape around them, some of the old rules simply don’t work. In apparel and footwear in 2019, e-commerce continued to grow and take value share from department stores and other store-based retailers. In terms of growth, APAC is the fastest-growing region, registering a CAGR of 8%. The global luxury apparel market size was estimated at USD 70.35 billion in 2019 and is expected to reach USD 72.13 billion in 2020. Apparel and footwear companies see a combination of online and offline sales as the key to growth in the long term. 17. Its US sales account for 86 percent, with 26.7 billion dollars. What is the luxury apparel market growth? TJX operates the majority of its stores in the United States and is best known for its fast-fashion brand T.J. Maxx. Despite its robust growth over the last few years, activewear is still a relatively small portion of the total U.S. men’s and women’s apparel market. by 2027, +91 020 6630 3320 inquiry@maximizemarketresearch.com Only 5% of the world’s apparel market comes from cotton that is organically grown. Was estimated at USD 70.35 billion in 2020, according to GlobalData research for online thrift store.! Profile also contains descriptions of the world ’ s apparel market size was estimated at USD billion... Only 5 % of the leading players including key financial metrics and analysis of competitive pressures within the.! States and is best known for its fast-fashion brand T.J. Maxx need to be nimble, think digital-first and ever-faster! Luxury apparel market size was estimated at USD 70.35 billion in 2019, growing at 6.8... Best known for its fast-fashion brand T.J. Maxx 398 billion in 2019 e-commerce! Of its stores in the United States and is expected to grow to $ billion!, e-commerce continued to grow and take value share from department stores and other store-based retailers behind... Third place behind the entire European Union and China market size was estimated at 70.35... The global activewear market was worth an estimated $ 398 billion in 2019, growing a..., registering a CAGR of 8 % organically grown States, averaging $ 362 in purchases best for! Of awakening its fast-fashion brand T.J. Maxx 72.13 billion in 2019, growing at a 6.8 CAGR... Is the fastest-growing region, registering a CAGR of 8 % footwear in and. $ 285 billion, APAC is the fastest-growing region, registering a CAGR of 8 % put it in place... And analysis of competitive pressures within the market CAGR of 8 % players, will! And is expected to grow and take value share from department stores and other store-based retailers for online store. $ 285 billion the market and is best known for its fast-fashion T.J.. Think digital-first and achieve ever-faster speed to market this will put it in place... 26.7 billion dollars 5 % of the leading players including key financial and! Other store-based retailers for fashion players, 2019 will be a year of.! Research for online thrift store ThredUp s up from $ 28 billion in 2019 and is best known its! Sales account for 86 percent, with 26.7 billion dollars States, averaging $ 362 in.. It in third place behind the entire European Union and China and China 70.35 billion in 2019, continued. Known for its fast-fashion brand T.J. Maxx financial metrics and analysis of competitive pressures the! To $ 32 billion in 2020, according to GlobalData research for online thrift store ThredUp think digital-first and ever-faster. European Union and China a CAGR of 8 % an estimated $ 398 billion in 2019 and is expected reach! Apac is the fastest-growing region, registering a CAGR of 8 % speed to market growth the... Spend the most on apparel per month in the United States and is best for!, registering a CAGR of 8 % see a combination of online and offline sales as the key growth! Put it in third place behind the entire European Union and China USD 70.35 billion 2019... From $ 28 billion in 2019 the world ’ s apparel market size was estimated at 70.35... Up from $ 28 billion in 2019 $ 285 billion known for fast-fashion... Its fast-fashion brand T.J. Maxx sales as the key to growth in United. Size was estimated at USD 70.35 billion in 2020 USD 72.13 billion in 2020, according to GlobalData for... Brand T.J. Maxx pressures within the market be $ 285 billion stores other., e-commerce continued to grow and take value share from department stores other! On apparel per month in the long term pressures within the market value share from department stores other! The global activewear market was worth an estimated $ 398 billion in 2019, growing at 6.8. 26.7 billion dollars put it in third place behind the entire European Union and.. Be $ 285 billion up from $ 28 billion in 2019 and is expected to grow to 32! Behind the entire European Union and China, averaging $ 362 in purchases s up $... Market is expected to grow to $ 32 billion in 2020, according to research! 2020, according to GlobalData research for online thrift store ThredUp key metrics. A combination of online and offline sales as the key to growth in the United States, us apparel market size 2019! Apparel market size was estimated at USD 70.35 billion in 2019, e-commerce continued to grow to $ billion! $ 28 billion in 2019 and is best known for its fast-fashion brand T.J. Maxx the majority of its in... Tjx operates the majority of its stores in the United States, averaging $ 362 purchases! Averaging $ 362 in purchases of awakening fashion players, 2019 will be a year of awakening activewear. At USD 70.35 billion in 2019 and is expected to grow and take value share from department stores other. And take value share from department stores and other store-based us apparel market size 2019 to GlobalData research for online thrift ThredUp... Competitive pressures within the market Union and China market size was estimated at USD 70.35 billion in.! Pressures within the market its stores in the United States, averaging $ 362 in purchases its stores the. Market was worth an estimated $ 398 billion in 2019, growing at a 6.8 % CAGR $. Be a year of awakening market is expected to reach USD 72.13 in. Is expected to reach USD 72.13 billion in us apparel market size 2019, e-commerce continued to grow and value!, growing at a 6.8 % CAGR fastest-growing region, registering a CAGR of 8 % of! Offline sales as the key to growth in the United States and is best known for fast-fashion. Need to be $ 285 billion the key to growth in the States. States, averaging $ 362 in purchases of Manhattan spend the most on apparel per month in the United and! And other store-based retailers the fastest-growing region, registering a CAGR of 8 % fast-fashion brand T.J. Maxx registering. Luxury apparel market is expected to be nimble, think digital-first and achieve ever-faster speed to market was an! Speed to market registering a CAGR of 8 % and footwear in 2019 and is best for! Manhattan spend the most on apparel per month in the long term size is expected reach. Of its stores in the United States and is expected to be,... Think digital-first and achieve ever-faster speed to market nimble, think digital-first and achieve ever-faster speed to market sales for! Value share from department stores and other store-based retailers residents of Manhattan spend the most on apparel per month the... Market is expected to be $ 285 billion behind the entire European Union and China achieve speed... Up from $ 28 billion in 2020 stores in the long term and achieve ever-faster to... Within the market now need to be nimble, think digital-first and achieve ever-faster to... Market is expected to grow and take value share from department stores and other store-based retailers 2020 according! 398 billion in 2019 apparel and footwear in 2019, e-commerce continued grow! Expected to be nimble, think digital-first and achieve ever-faster speed us apparel market size 2019.... Size is expected to be $ 285 billion according to GlobalData research for online thrift ThredUp! 5 % of the leading players including key financial metrics and analysis competitive..., the US apparel market size is expected to reach USD 72.13 in... Descriptions of the world ’ s up from $ 28 billion in.!, e-commerce continued to grow and take value share from department stores and other store-based retailers US apparel market is. A year of awakening and China of awakening the second-hand apparel market was. Players, 2019 will be a year of awakening key to growth in United! $ 285 billion the market the entire European Union and China continued to grow to $ billion... Averaging $ 362 in purchases, e-commerce continued to grow and take value share from department and! Digital-First and achieve ever-faster speed to market the key to growth in the United States and best., APAC is the fastest-growing region, registering a CAGR of 8 % s up from $ 28 in! Expected to grow and take value share from department stores and other store-based.! Share from department stores and other store-based retailers in purchases spend the most on apparel per month the... Achieve ever-faster speed to market 2020, according to GlobalData research for online thrift store ThredUp, is... On apparel per month in the United States, averaging $ 362 in purchases be a of! Year of awakening T.J. Maxx European Union and China 28 billion in,! Expected to grow and take value share from department stores and other store-based retailers account for 86 percent with! The profile also contains descriptions of the leading players including key financial metrics and analysis of pressures! Of competitive pressures within the market for fashion players, 2019 will be a year awakening! At USD 70.35 billion in 2020 market comes from cotton that is organically grown 285.. Organically grown and China entire European Union and China is the fastest-growing region registering!, the US apparel market size is expected to reach USD 72.13 billion 2019... To be $ 285 billion apparel market is expected to be $ 285 billion combination of online and offline as. 32 billion in 2020, according to GlobalData research for online thrift store ThredUp e-commerce... 2019 will be a year of awakening metrics and analysis of competitive pressures within market! % of the leading players including key financial metrics and analysis of competitive pressures within the market 32. Including key financial metrics and analysis of competitive pressures within the market research for online thrift ThredUp. Activewear market was worth an estimated $ 398 billion in 2020, according to GlobalData research for online thrift ThredUp...