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The 10 Largest Apparel Markets In The World

As of 2024, the global apparel market continues to evolve with significant growth and transformation across key markets worldwide.

Published: Jul 26, 2024 11:39 AM

By Jeanel Alvarado

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The 10 Largest Apparel Markets In The World

Credit: Photo by Elina Volkova

As of 2024, the global apparel market continues to evolve with significant growth and transformation across key markets worldwide. Below is an analysis of the ten largest apparel markets—United States, China, India, Japan, the United Kingdom, Germany, Italy, France, Canada, and South Korea—offering insights into their revenue figures, market share, and growth trends.

Overview of the apparel market revenue worldwide by country (in billion U.S. dollars) Country 2023 Revenue (USD Billion) 2024 Forecast (USD Billion) 1. United States $351.35 $358.70 2. China $313.82 $328.40 3. India $101.39 $165.00 4. Japan $87.00 $89.90 5. United Kingdom $82.89 $85.85 6.

Germany $72.57 Not explicitly mentioned 7. Italy $57.86 Not explicitly mentioned 8. France $40.02 $40.65 9. Canada $39.71 Not explicitly mentioned 10. South Korea $39.06 Not explicitly mentioned In 2024, the global apparel market is predicted to generate significant revenue, with projections indicating robust growth.

The per capita revenue worldwide is expected to reach approximately US$230.90. The total volume in the apparel market is anticipated to escalate to 196.1 billion pieces by 2028, with an annual volume growth rate of 1.3% in 2025. 1. United States The country witnessed apparel sales revenues amounting to $351.35 billion in 2023.

The United States leads the global apparel market with an expected revenue of US$358.70 billion in 2024, marking it the largest market. The market shows a steady growth trajectory, with a compound annual growth rate (CAGR) projected at 2.11% from 2024 to 2028…

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