Blogs Details
Top Market Players Operating in the Global Apparel Market
Published Date: 08 Oct 2024

With the increment in choice and preference of the population towards style and fashion trends, the industry players also catalyze their operation to fulfill the growing demand of the consumers. Companies such as Kasper, H&M, Adidas, etc., are focusing on direct-to-consumer channels instead of depending on traditional wholesale mediators. This shift towards direct-to-consumer has been boosted by the proliferation of e-commerce and social media platforms that allow for stronger consumer connections, better brand control, and higher profit margins. The fortifying progress of market players and manufacturers pushes the Apparel industry toward exponential growth and development. This is the reason, the fashion companies commonly collaborate with influential figures to improve their visibility and drive worldwide sales growth through strategic partnerships.

 The recently published report description by Markntel Advisors, a leading consulting, data analytics, and market research firm, comprises the market players, that operate to seek futuristic opportunities and further growth & development. The report comprises “Global Apparel Market Research Report: - By Type, By Fiber Type, Man-made Fibers, By Distribution Channel and others Forecast (2024-2030)”, According to the report, the Global Market size for Apparel was valued at around USD 1.34 trillion in 2023 & is projected to reach around USD 1.78 trillion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.3% during the forecast period, i.e., 2024-30. The market growth is further driven by rising sales of innovative textiles and clothing items.

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Leading Manufacturers Surviving in Apparel Industry:

LVMH Louis Vuitton Moet Hennessy

LVMH Louis Vuitton Moet Hennessy established in 1987, and its headquarters is in France, is commonly known as LVMH, a French multinational holding company and conglomerate specializing in luxury goods. LVMH controls around 60 subsidiaries that manage 75 luxury brands. Moreover, Louis Vuitton and Moët Hennessy, LVMH's portfolio includes Dior, Givenchy, Fendi, Celine, Kenzo, Tiffany, Bulgari, Loewe, TAG Heuer, Marc Jacobs, Stella McCartney, Sephora, Loro Piana and Princess Yachts. The subsidiaries are often managed independently, under the umbrellas of six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities. LVMH owns Les Echos-Le Parisien Group, its media subsidiary.

Aditya Birla Group

Aditya Birla Group established in 1857, with headquarters in Maharashtra India, is an Indian multinational conglomerate, that comprises business interests in metals, cement, fashion, retail, financial services, renewables, fiber, textiles, chemicals, real estate, trading, mining, and entertainment. The group has an occurrence in 36 nations. Aditya Birla Group has seven companies that are listed widely, these prominent groups embrace UltraTech Cement, Hindalco, Novelis, Grasim, Aditya Birla Capital, Aditya Birla Fashion and Retail, and Vodafone Idea.

Toray Industries, Inc.

Toray Industries established in 1962, its headquarters is in Tokyo, Japan, is a multinational corporation that focuses on industrial products centered on technologies in organic synthetic chemistry, polymer chemistry, and biochemistry. Its founding business areas were fibers and textiles, as well as plastics and chemicals. The company has also expanded into areas such as pharmaceuticals, biotechnology and R&D, medical products, reverse osmosis big membranes, electronics, IT products, housing, and engineering, as well as advanced composite materials.

Reliance retail

Reliance Retail established in 2006, with headquarters is in Maharashtra, India, is a retail company and a subsidiary of Reliance Industries. It is one of the largest retailers in India in terms of revenue. Its retail outlets provide foods, groceries, apparel, footwear, toys, home improvement products, electronic goods, and farm implements and inputs. The company has over 245,000 employees at 18,000 store locations in 7,000 towns. Apart from physical stores, the company also sells products on its e-commerce channels.

Conclusion

The blog comprises Global market players in the Apparel industry, with market product information. This blog entails details regarding the prominent factors behind the surging demand for futuristic growth and new opportunities that facilitate market development. Market players such as
PVH Corp., Inditex, Kering SA, LVMH Louis Vuitton Moët Hennessy, Aditya Birla Group,   H&M Hennes & Mauritz Retail Pvt. Ltd., Nike Inc., ASICS, Puma, Shein, Reliance Retail,   Capri Holdings Limited, Apparel Industries, Toray Industries, Inc., Steve Madden, and including others leading companies, facilitate revolutionizing the global market and promoting a secure future for the Apparel market.

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