Garment Market To Soar Owing To Rising Demand For New Design In Apparels Owing To Changing Fashion Trends Across The Globe

The global garment market is predicted to witness a healthy CAGR during the forecast period (2019 to 2028), according to a report available on Radiant Insights, Inc. Garment refers to a piece of clothing which is designed and manufactured using textile or fabric materials to protect and decorate human body. These materials include cellulose, natural, and synthetic fibers. There is no fix style or manufacturing technique for any type of garment. It keeps on changing with time and fashion trends.

Rising demand for new design in apparels owing to changing fashion trends across the globe is anticipated to propel market growth. People get influenced by popular culture including movie stars, athletes, musicians, and models. What popular faces wear becomes a trend in next few days. That’s how fashion keep on changing over time and drive demand for new and fashionable clothing. In addition, rising focus on appearance among individuals to distinguish themselves from others is expected to impel market growth. Consumers are ready to spend any amount to purchase clothes from popular and their favorite clothing brand to look unique.

To cater to rising demand for trendy and quality clothes, manufacturing companies are investing in R&D to design and develop unique apparels. For instance, in February 2019, Monte Carlo launched fresh variation to its denim collection. The garment range includes fragrance denims and anti-odor denims in experimental hues and tones. Consumers can purchase this new collection from exclusive brand outlets, multi brand outlets, and online store. 

Access "107" page research report with TOC on "Garment Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/2013-2028-report-on-global-garment-market

The global garment market can be segmented on the basis of type of fabric, season, end-user, application, and region. Based on type of fabric, the market can be categorized into woven, knit, and nonwoven. On the basis season, the market can be classified into spring, winter, summer, and autumn. In terms of end user, the market can be categorized into men, women, and children. On the basis of application, the market can be segregated into formal, casual, sportswear, and lingerie. 

Regional segmentation includes North America, Europe, Asia Pacific, South America, and Middle East and Africa. Asia Pacific is anticipated to account for largest market share over the forecast period. This is attributed to rising penetration of foreign brands in the region seeing huge market potential in developing countries.

Some of the key players in the garment market are Bombay Dyeing, Hawthorn International, Cone Mills Corporation, Monte Carlo Fashions Limited, and Portland Garment Factory.