Report ID: SQMIG25K2038
Report ID:
SQMIG25K2038 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
36 |
Figures:
74
Europe dominated the global market. Major sources of market revenue include economically advanced nations like Germany, the United Kingdom, and France. Three main variables that are anticipated to impact this region's market growth are a more financially independent population, increased per capita income, and shifting fashion trends. Also, the leading regional players' strong distribution networks make it possible for the goods to be easily and widely accessible. This is due to the larger regional market share on a worldwide scale.
The Asia Pacific market is anticipated to grow at the fastest CAGR. The regional market is expanding thanks in part to China and India. With the fastest-growing population and rising disposable income, the region is seeing significant demand for clothing. Because of the region's low labor cost and easy access to raw resources, many multinational corporations are establishing new operations there, which will increase the share of the employed population. Rising information technology innovations are also helping the market expand beneficially.
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Report ID: SQMIG25K2038