The Global Apparel Retail Market: An Update

[Note: Updated data from 2014 to 2018 is now available, please click HERE

According to a consulting report released by the Marketline, with the gradual recovery of the world economy, the global apparel retail industry generated a total $1,249.3 billion revenue in 2012, up 3.1% from 2011 and representing a compound annual growth rate (CAGR) of 2.8% between 2008 and 2012.

Womenswear remained the industry’s most lucrative segment in 2012, contributing $429.7 billion revenue (or 50.7% of the industry’s total value). Menswear achieved $403.6 billion revenue (or 32.3% of the industry’s total value).  

In terms of the regions, America (including North and South America) accounted for 35.3% of the global apparel retail revenue in 2012, followed by Europe (34.4%) and the Asia-Pacific region (27.1%). However, Asia-Pacific (3.9%) outpaced America (3.5%) and Europe (2.1%) in terms of growth rate, reflecting a shift in global apparel retail market after the 2008 financial crisis.

According to the MarketLine, the global apparel retail industry is forecast to have a value of $1,562.6 billion in 2017, an increase of 25.1% since 2012.The compound annual growth rate of the industry in the period 2012–17 is predicted to be 4.6%.

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Author: Sheng Lu

Professor @ University of Delaware

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