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Sector Overview: Apparel & Footwear — Consumer Connectivity Changing Sector Landscape

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Coresight Research

Key Points

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. 
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