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.
Women’s apparel is the largest segment, with a market volume of US$191.40 billion. 2. China The country’s apparel sales revenues amounted to $313.82 billion in 2023. China’s apparel market is projected to generate US$328.40 billion in revenue in 2024, making it one of the most significant players globally.
The market is expected to grow annually by 4.24% (CAGR 2024-2028). In 2023, the market value of sportswear in China reached approximately 493 billion yuan. Nike holds a dominant market share in the Chinese sportswear market, continuing to be a top player. 3…
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