The Global Apparel and Accessories Retail industry is expected to witness modest growth during 2012-2017 and reach an estimated US $1,369 billion in 2017 with a CAGR of 4% over the next five years.
Lucintel, a leading global Management Consulting and market research firm, has analyzed the Global Apparel and Accessories Retail industry and presents its findings in “Global Apparel and Accessories Retail Industry 2012-2017:Trend, Profit, and Forecast Analysis.”
The Apparel and Accessories Retail industry is fragmented and consists of clothing stores for men, women, children, clothing accessories, shoes, jewelry, luggage, and leather goods. The industry has short product life cycles and is characterized by demand fluctuation.
APAC dominates this market and is expected to grow at the highest rate during the forecast period. A rapidly growing middle class, market oriented stable economy, availability of trained manpower at competitive cost, and local availability of most raw materials in India, China, and Japan is expected to drive market in Asia.
Lucintel’s research indicates that favorable demographics, rising consumer incomes, new shopping malls, and changing lifestyles drives demand, while maintaining the balance between price and quality is the biggest challenge for the industry. Leading industry companies are anticipated to maintain market share over the forecast period. Population growth, urbanization, increases in middle class population, and anincrease in double income families is expected to drive growth.
This study provides a concise overview of the Global Apparel and Accessories Retail industry. The report tracks market size for four geographic regions of this market, and is a segment of the Global Retail industry. The scope of this study is limited to annual trends for past five years and forecasts for next five years of this segment. Any currency conversions used in this report have been calculated using annual average exchange rate of that period.
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