Report ID: SQMIG25K2051
Report ID:
SQMIG25K2051 |
Region:
Global |
Published Date: July, 2024
Pages:
223
|
Tables:
61 |
Figures:
75
The highest CAGR of 7.2% is anticipated for Asia Pacific. India and China have helped the market expand in a favorable light. The region is seeing a high demand for clothing due to the fastest-growing population and rising disposable income. Due to low labor costs and easy access to raw resources, many multinational corporations are establishing new operations in this region, which will result in an increase in the number of workers. Rising information technology is also helping the market expand favorably. Therefore, during the projection period, the area is expected to expand with the greatest CAGR.
Europe holds the largest market share of almost 30% in 2021. Economically developed nations like Germany, the United Kingdom, and France are assisting in boosting market income. This region's market growth is expected to be influenced by a population that is more financially independent, shifting fashion trends and a higher per capita income. As a result, this sector generates the greatest amount of market revenue.
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Report ID: SQMIG25K2051