Jammu Journal

Clothing Apparel Market is Expected to Flourish at close to 6% CAGR By 2031 | Fact.MR

 Breaking News
  • No posts were found

Clothing Apparel Market is Expected to Flourish at close to 6% CAGR By 2031 | Fact.MR

July 09
23:26 2021
Clothing Apparel Market is Expected to Flourish at close to 6% CAGR By 2031 | Fact.MR

Clothing Apparel Market – By Fact.MR

As per a revised report published by Fact.MR, the global demand for apparel accessories market is anticipated to surpass US$ 12.6 Bn in 2021, and expand at a CAGR close to 6% over the next ten years.

Popularity of economical apparel accessories has been observed in the past few years. The foremost driving factor for the sales of economical apparel accessories is surging demand from developing economies. A larger chunk of demand comes from these regions where consumers are pretty price-sensitive.

Asia Pacific accounts for more than 30% market share, followed by North America and Europe. This is due to rapid industrialization and easy availability of raw materials.


Request a Report Sample to gain Comprehensive Insights at : https://www.factmr.com/connectus/sample?flag=S&rep_id=199


Online sales channels have witnessed enormous growth in the past year due to the outbreak of COVID-19. Relaxations in trade restrictions after the initial lockdowns, especially in developing economies, will further bolster demand.


Key Market Segments Covered



  • Belts
  • Handbags 
  • Scarves 
  • Eye wear
  • Jewelry 
  • Neckties 
  • Gloves 
  • Handkerchiefs 
  • Hat Apparel
  • Others 



  • Accessories for Men 
  • Apparel Accessories Women 
  • Apparel Accessories Children 



  • Economical Apparel Accessories 
  • Mid-range Apparel Accessories
  • Premium Apparel Accessories
  • Super-premium Apparel Accessories


Sales Channel

  • Apparel Accessories Sold through Modern Trade
  • Apparel Accessories Sold at Franchise Outlets
  • Apparel Accessories Sold at Specialty Stores
  • Others



  • North America
  • Latin America
  • Europe
  • APEJ
  • Japan
  • MEA


“Increasing disposable income and industrialization across the globe will aid market growth over the coming years, “says a Fact.MR analyst.


Get Customization on this Report for Specific Research Solutions: https://www.factmr.com/connectus/sample?flag=RC&rep_id=199


Winning Strategy

Key players in the market have been spending on geographical expansion and strengthening their sales and distribution networks. Prominent players are leaned towards developing innovative products that are comparatively more sustainable. Such enhancements will drive demand for apparel accessories in the medium- to the long-term forecast period.


Competition Analysis

Prominent tier-1 manufacturers such as The Gap, Inc., Hennes & Mauritz AB, NIKE, Inc., Adidas AG, and many more accounts for one-third market share. Players are operating strategically and deploying resources to strengthen their sales and distribution networks across the globe. Companies are opting for both, organic and inorganic growth strategies to corner a significant amount of market share. Partnerships, collaborations, and joint ventures are the most preferable strategies that provide the leverage of technological advancements and distribution networks.


More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the global apparel accessories market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031. The study divulges essential insights on the market on the basis of product (belts, handbags, scarves, eyewear, jewelry, neckties, gloves, handkerchiefs, hats, and others), demographic (men, women, and children), price  (economy, mid, premium, and super-premium), and sales channel (modern trade, franchise outlets, specialty stores, and online), across six major regions of the world (North America, Latin America, Europe, APEJ, Japan, and the Middle East & Africa). 


Read Fact.MR Exclusive Article on Veganism in 2021 and Beyond –


About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.


Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]

Media Contact
Company Name: Fact.MR
Contact Person: Neha Bhosle
Email: Send Email
Phone: 16282511583
Address:US Sales Office: 11140 Rockville Pike
City: Rockville
State: Maryland
Country: United States
Website: https://www.factmr.com