Apparel Retail in Asia-Pacific
SummaryApparel Retail in Asia-Pacific industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The apparel retail market includes baby clothing, toddler clothing and casual wear, essentials, formalwear, formalwear-occasion, and outerwear for men, women, boys and girls; excludes sports-specific clothing. All market data and forecasts are represented as a consumer expenditure in retailers which includes sales taxes (e.g. VAT) and figures presented are in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2020 annual average exchange rates.
- The Asia-Pacific apparel retail market had total revenues of $490.7bn in 2020, representing a compound annual growth rate (CAGR) of 0% between 2016 and 2020.
- The womenswear segment was the market’s most lucrative in 2020, with total revenues of $270.4bn, equivalent to 55.1% of the market’s overall value.
- The COVID-19 pandemic has had severe consequences for growth in the Asia-Pacific apparel retail market. Lockdown measures have reduced demand for new clothing as consumers spend more time at home, whilst rising unemployment due to the closure of businesses and industries has constrained household incomes and limited non-essential spending for many.
Scope
- Save time carrying out entry-level research by identifying the size, growth, and leading players in the apparel retail market in Asia-Pacific
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the apparel retail market in Asia-Pacific
- Leading company profiles reveal details of key apparel retail market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Asia-Pacific apparel retail market with five year forecasts by both value and volume
Reasons To Buy
- What was the size of the Asia-Pacific apparel retail market by value in 2020?
- What will be the size of the Asia-Pacific apparel retail market in 2025?
- What factors are affecting the strength of competition in the Asia-Pacific apparel retail market?
- How has the market performed over the last five years?
- How large is Asia-Pacific’s apparel retail market in relation to its regional counterparts?
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