The global garments market is growing at four per cent a year. High-end and luxury brands are moving towards a see-now-buy-now model, in order to capitalize on consumers inclination for discretionary expenditure, thereby appealing to their desire for instant gratification.

Reshoring (in the United States and Europe) and sustainable production are key strategies of manufacturers who are making significant investments in order to gain higher social acceptance, and to ensure faster deliveries with provisions for customizations.Women’s and men’s apparel generate 63 per cent of the revenue, and the rest is accounted for by hosiery, sports and swimwear, intimate apparel, and clothing accessories.

Garments marketed as fast-fashion designs have a high number of takers, especially in emerging markets. A rising middle class in emerging markets, along with their improved fashion-consciousness, is driving increased per capita expenditure. Market players are focusing on ensuring that the latest fashion trends can be incorporated into their offerings and they hit stores in a matter of weeks, resulting in the undercutting of specialist players who once led the industry.Most of the market is still controlled by brick and mortar stores. However, sale of garments online is expected to grow at a significant rate.

By Fashionating World
https://www.fashionatingworld.com/new1-2/global-garments-market-grows-at-four-per-cent