Sector Overview: Apparel & Footwear — Consumer Connectivity Changing Sector Landscape
Each of our Sector Overview reports provides an essential briefing on a sector or market.
- Connectivity and a health and wellness focus are the consumer lifestyles underpinning changing trends in the apparel and footwear sector.
- The global apparel and footwear market achieved a 3.9% five-year CAGR in the 2013-2018 period, as fast fashion curtailed value growth.
- Sports footwear drove sector growth and has become the social currency of today’s youth, benefiting from high profile collaborations across brands and celebrities/sports figures.
- Industry growth is projected to accelerate in the 2018-2023 period, reflecting a growing global middle class, with India and Asia driving much of the increment as per capita apparel and footwear ownership increases.