Apparel and Leather Products Market Report 2025

The apparel and leather products market size has grown strongly in recent years. It will grow from $1.1 trillion in 2024 to $1.19 trillion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to globalization of fashion industry, retail expansion and e-commerce boom, sustainable and ethical fashion movement, cultural and social influences, fast fashion phenomenon.

The apparel and leather products market size is expected to see strong growth in the next few years. It will grow to $1.59 trillion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to rise of sustainable fashion practices, global supply chain resilience, cultural diversity and inclusivity, circular fashion economy, rise of rental and secondhand markets. Major trends in the forecast period include digital transformation in fashion retail, customization and personalization, digital fashion shows and virtual events, innovations in leather alternatives, blockchain for supply chain transparency.

The expanding impact of social media is anticipated to drive the growth of the apparel and leather products market in the future. Social media encompasses digital platforms and applications that allow users to create, share, and exchange content, facilitating communication and interaction among individuals and communities. Its rising influence stems from its capability to quickly disseminate information, connect users worldwide, and shape trends through user-generated content and engagement. This influence boosts the demand for apparel and leather products by promoting trends through visual storytelling, allowing brands to interact directly with consumers, and encouraging impulse purchases through targeted advertising and influencer endorsements. For instance, in January 2022, a report from We Are Social, a UK-based media agency, and Hootsuite, a Canadian software company, indicated that there were 4.62 billion social media users globally in 2022, accounting for 58.4% of the world’s population. Over the preceding year, the global number of social media users grew by more than 10%, with 424 million new users joining in 2021. Thus, the growing influence of social media is propelling the growth of the apparel and leather products market.

The increasing demand for online shopping is projected to boost the growth of the apparel and leather products market moving forward. Online shopping involves purchasing goods or services over the internet, allowing consumers to browse, select, and pay for items from the comfort of their homes using various devices. The rise of online shopping is attributed to its convenience, broader selection of products, competitive pricing, and the growing availability of mobile technology, which enables consumers to shop anytime and anywhere. This trend enhances the demand for apparel and leather products by providing consumers with easy access to a wide variety of styles and brands, allowing them to compare prices and make informed purchasing choices from home. For instance, in February 2023, the U.S. Central Bureau, a government agency, reported that U.S. retail e-commerce sales increased by 6.5% in the fourth quarter of 2022 compared to Q4 2021 and by 4.1% from Q3 2022 on an unadjusted basis. Moreover, total e-commerce sales for 2022 rose by 7.7% compared to 2021. Therefore, the increasing demand for online shopping is driving the growth of the apparel and leather products market.

Major companies in the apparel and leather markets are introducing innovative products, such as four-tubed footwear, to enhance flexibility and support. Four-tubed footwear refers to a shoe design that features four distinct tubular compartments or sections, which are typically used to provide improved flexibility and comfort, often found in specialized footwear like orthopedic or performance shoes. For example, in March 2024, Nike Inc., a US-based footwear company, launched the Air Max Dn. This shoe boasts a unique four-tubed Nike Air unit that incorporates Dynamic Air, delivering a dynamic heel-to-toe transition and an exceptionally smooth feel with each step. This innovative air unit comprises two pressurized chambers, each containing two tubes, with higher pressure in the heel for cushioning and lower pressure in the forefoot for a responsive, bouncy stride.

The increasing awareness of the negative impact of the textile industry on the environment is prompting consumers to choose sustainable materials. Unlike natural fibers, synthetic materials take a long time to decompose as they are derived from petroleum products. Biological materials, such as spider silk, are lightweight, possess high tensile strength, and are used in garment production. Some companies are also developing a decomposable synthetic version of spider silk. For instance, Spiber Inc., a Japanese biomaterials specialist, was the first to produce artificial spider silk. The company employs genetically modified E. coli to create silk proteins, which are then used to make silk fibers. As global consumers become more concerned about the environmental effects of their apparel purchases, the demand for sustainable materials is expected to rise. Furthermore, consumers are often willing to pay a premium for products they perceive as environmentally friendly, creating opportunities for higher profit margins at the point of sale and throughout the supply chain.

In April 2023, Apparel Brands Ltd., a UK-based company that specializes in sourcing, designing, and distributing branded apparel, acquired Nicce for an undisclosed amount. This acquisition allows Apparel Brands to diversify its portfolio while aligning with strategic priorities focused on expanding choices and premium offerings. In turn, Nicce will strengthen its wholesale operations and accelerate growth in e-commerce and international markets. Nicce is a UK-based streetwear brand.

Major companies operating in the apparel and leather products market include Louis Vuitton Moet Hennessy - LVMH, Christian Dior SE, Adidas AG, H&M Hennes & Mauritz AB, Kering SA, Nike Inc., VF Corporation, Hermès International S.A., Puma SE, Coach Inc., Ralph Lauren Corporation, Levi Strauss & Co., New Balance Athletics Inc., Fila Holding S.p.A., Michael Kors Holdings Limited, Burberry Group plc, Calvin Klein Inc., Tommy Hilfiger Licensing LLC, Giorgio Armani S.p.A., Valentino Fashion Group S.p.A., Kate Spade & Company, Knoll Inc., The Timberland Company LLC, Versace S.p.A., Rajesh Exports Limited, Johnston & Murphy Inc., Hobbs plc, Givenchy S.A.S., Noisy May ApS, Woodland Worldwide Brands Limited, The Gap Inc.

Asia-Pacific was the largest region in the apparel and leather products market in 2024. Western Europe was the second largest region in the apparel and leather products market. The regions covered in the apparel and leather products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the apparel and leather products market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa.

Apparel and leather products include a diverse array of clothing, footwear, and accessories crafted from textile and leather materials. These items are utilized for personal decoration, protection, and the expression of style in daily life and various social contexts.

The primary categories within apparel and leather products include leather and allied products, as well as apparel. Manufacturers in the leather and allied products sector transform hides into leather through processes such as tanning or curing, subsequently crafting them into finished goods. Additionally, these manufacturers may produce similar items using alternative materials such as rubber, polymers, or textiles (excluding clothing). The distribution of these products occurs through both online and offline sales channels, catering to men, women, and children.

The apparel and leather products market research report is one of a series of new reports that provides apparel and leather products market statistics, including apparel and leather products industry global market size, regional shares, competitors with a apparel and leather products market share, detailed apparel and leather products market segments, market trends and opportunities, and any further data you may need to thrive in the apparel and leather products industry. This apparel and leather products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The apparel and leather products market consists of sales of genuine leather, synthetic leather, footwear, formal wear, retail sales, and home I. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.