Report ID: SQMIG25K2078
Report ID:
SQMIG25K2078 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
60 |
Figures:
77
Asia Pacific is predicted to have the greatest CAGR between 2022 and 2030, at 7.2%. China and India are assisting the market's expansion in a positive way. As a result of its fastest-growing population and increased disposable income, the area is seeing a high demand for apparel. Numerous multinational firms are setting up shop in this area due to the low cost of labor and simple access to raw materials, which will lead to a rise in the working population. The region is therefore anticipated to grow with the highest CAGR during the period of forecast.
Europe had the largest market share of more than 30% in 2021. Economically advanced countries like Germany, the UK, and France have a positive effect on market revenue. An increasing number of people are expected to be financially independent, there will be more people earning more money per person, and fashion trends will change.
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Report ID: SQMIG25K2078