Revenue in the global Apparel market amounts to US$1.74tn in 2023. The market is expected to grow annually by 2.84% (CAGR 2023-2027).
The market's largest segment is the segment Women's Apparel with a market volume of US$0.90tn in 2023.
In relation to total population figures, per person revenues of US$226.20 are generated in 2023.
In the Apparel market, volume is expected to amount to 193.90bn pieces by 2027. The Apparel market is expected to show a volume growth of 1.4% in 2024.
*source: Statista
Today's fashion industry is reduced to fast fashion, where trends change from day to day. It is an industry that is constantly growing and becoming more competitive. To succeed in such an industry and remain competitive, continuous innovations are needed in the market. Since the number of competitors in the market is growing, customers have more options to choose from and compare prices, which is also one of the characteristics of competitiveness.
Along with the fashion industry, fashion technology is growing faster than ever. Robots that sew and cut fabric, clothes worn in virtual reality, and AI algorithms that predict style trends. This series of innovations show how technology is personalizing, automating, and accelerating the fashion space.
Due to the enormous growth of this sector, the competition is growing and getting stronger, and to know if we are competitors and where we are when it comes to customers' choices, it is necessary to monitor all prices and conditions on the market
How can Kliker help you?
Find the most important information about your competitors’ offers in KLIKER:
- which new products were published
- price repositioning (promotions, new pricing)
- stock level (available, unavailable)
- promotion at risk
Clothes
- Brand – all relevant brands on a selected market
- Model – possibility to compare different versions of the same model
- Part number (product code) – search for a specific model or color by its product code
- Product type – blazer, coat, turtleneck, underwear, sweater, matching set, vest, jeans, dress, trousers, ski equipment, skirt, swimwear, jumpsuit, shirt, shorts, T-shirt, sportswear, jersey, hoodie, tracksuit, jacket
- Gender – M, F, Unisex, Kids
- Collection – FW, SS, divided by seasons
Accessory
- Brand – all relevant brands on a selected market
- Model – possibility to compare different versions of the same model
- Part number (product code) – search for a specific model or color by its product code
- Product type – socks, bag, scarf, backpack, towel, belt, cap, cosmetic bag, beanie, wallet, gloves
- Gender – M, F, Unisex, Kids
- Collection – FW, SS, divided by seasons