The Apparel Market in Asia-Pacific to 2028 report offers comprehensive insight and analysis of the Asia-Pacific apparel market, the major players, category and markets analysis and consumer attitudes.
The apparel market in Asia-Pacific rose 5.1% in 2023 to $764.0bn, driven by a post-pandemic rebound in China after persistent lockdowns in 2022. 2024 has been a challenging year for the region, with a much more muted growth of 0.6% as China’s economy has been heavily impacted by the real estate crash and rising youth unemployment, alongside economic problems in Japan later in the year after a strong first half. Growth is expected to pick up from 2025 as the Chinese economy hopefully somewhat improves. Between 2023 and 2028, the region is expected to grow at a CAGR of 2.8%, mainly due to emerging economies and a rise in urban and middle class populations. As a result, Asia-Pacific will grow its share within the global market.
The apparel market in Asia-Pacific rose 5.1% in 2023 to $764.0bn, driven by a post-pandemic rebound in China after persistent lockdowns in 2022. 2024 has been a challenging year for the region, with a much more muted growth of 0.6% as China’s economy has been heavily impacted by the real estate crash and rising youth unemployment, alongside economic problems in Japan later in the year after a strong first half. Growth is expected to pick up from 2025 as the Chinese economy hopefully somewhat improves. Between 2023 and 2028, the region is expected to grow at a CAGR of 2.8%, mainly due to emerging economies and a rise in urban and middle class populations. As a result, Asia-Pacific will grow its share within the global market.
Scope
- The Asia-Pacific market will continue to outperform out to 2028, driven by emerging economies
- Growth in the online channel will remain stronger out to 2028
- Uniqlo’s became the region’s top brand
Reasons to Buy
- Gain a comprehensive view of the Apparel Market in Asia-Pacific to 2028
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand in the Asia-Pacific apparel market
- Investigate current and forecast trends in the apparel market in Asia-Pacific to identify the opportunities offering the most potential
- Understand who the main players are in the apparel market in Asia-Pacific and gain insights into their market share
Table of Contents
- Executive Summary
- Asia-Pacific Apparel Market Drivers
- Asia-Pacific Apparel Market Inhibitors
- The Apparel Market in Asia-Pacific to 2028
- Asia-Pacific Apparel Market, 2018, 2023 & 2028
- Asia-Pacific Apparel Market, 2018-2028
- Global Apparel Market by Regional Share, 2018, 2023 & 2028
- Asia-Pacific Markets by Value, 2018-2028
- Asia-Pacific Markets by Forecast Growth 2023-2028
- Asia-Pacific Apparel Market: Category Performance to 2028
- Asia-Pacific Apparel Market by Category, 2018, 2023 & 2028
- Asia-Pacific Clothing Market by Subcategory & Product Segment 2018-2028
- Asia-Pacific Footwear Market by Subcategory & Product Segment 2018-2028
- Asia-Pacific Accessories Market by Product Segment 2018-2028
- Asia-Pacific Apparel Market by Price Positioning, 2018, 2023 & 2028
- Asia-Pacific Sportswear Market 2018-2028
- Asia-Pacific Apparel Market: Channel Performance to 2028
- Asia-Pacific Online Apparel Market 2018-2028
- Asia-Pacific Online vs Offline Channel Growth 2018-2028
- Asia-Pacific Apparel Market by Channel, 2023 & 2028
- Top 10 Asia-Pacific Apparel Markets by Online Sales 2018-2028
- Top 10 Asia-Pacific Apparel Markets by CAGR, 2023
- Consumers
- Concern about personal finances and changing apparel spend in Asia-Pacific
- Evolution of buying non-grocery products online and via social media
- Brand Preferences in Asia-Pacific
- Competitive Landscape: Brands
- Top 10 Asia-Pacific Brands by Market Share 2022-2024
- Top 10: Winners & Losers Outlook
- Brand in Focus: ASICS
- Brand in Focus: Urban Revivo
- Brand in Focus: Princess Polly
- Methodology
- Contact the Publisher
- Clothing: Winning and Losing Product Segments, 2023-2028 CAGR (%)
- Footwear: Winning and Losing Product Segments, 2023-2028 CAGR (%)
- Accessories: Winning and Losing Product Segments, 2023-2028 CAGR (%)
- Asia-Pacific Apparel Market Value, 2018, 2023 & 2028 ($ bn) with CAGR (%)
- Asia-Pacific Apparel Market Value ($ bn) and Volumes (m units) 2018-2028, with Annual Growth (%)
- Global Apparel Market by Regional Share, 2018, 2023 & 2028
- Top 10 Asia-Pacific Markets by Value ($ bn) 2018, 2023, 2024 & 2028
- Asia-Pacific Markets by Forecast CAGR 2023-2028 (%)
- Category Shares within the Asia-Pacific Apparel Market (%) 2018, 2023 & 2028
- Clothing: Market Value ($ bn) by Subcategory, 2018, 2023, 2024 & 2028, with forecast CAGR (%)
- Footwear: Market Value ($ bn) by Subcategory, 2018, 2023, 2024 & 2028, with forecast CAGR (%)
- Accessories: Market Value ($ bn) 2018, 2023, 2024 & 2028, with forecast CAGR (%)
- Asia-Pacific Apparel Market by Price Positioning, 2018, 2023 & 2028
- Asia-Pacific Sportswear Market ($ bn), 2018-2028
- Asia-Pacific Online Apparel Market ($ bn) 2018-2028 and Online Penetration (%)
- Online, Offline & Total Apparel Annual Growth in Asia-Pacific (%), 2018-2028
- Asia-Pacific Apparel Market by Channel Share (%) 2023 & 2028
- Top 10 Asia-Pacific Apparel Markets by Online Sales ($ bn), 2018, 2023, 2024(f) & 2028(f)
- Top 10 Asia-Pacific Apparel Markets by CAGR, 2023 (%)
- Asia-Pacific consumers’ level of concern about their personal financial situation
- How consumers in Asia-Pacific are changing their shopping habits for clothing & footwear due to the rising cost-of-living
- How Asia-Pacific consumers saw their lifestyle evolving in Q4 2024 - Buying non-grocery products online
- How Asia-Pacific consumers saw their lifestyle evolving in Q4 2024 - Buying non-grocery products via social media
- Percentage of consumers in Asia-Pacific that agree with the following brand preference statements
- Top 10 Asia-Pacific Brands by Market Share (%), 2022-2024 with Change in Share 2023-2024
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- UNIQLO
- Nike
- Adidas
- ANTA
- Li-Ning
- Chanel
- Hermès
- Zara
- Louis Vuitton
- Gucci
- ASICS
- Urban Revivo
- Princess Polly
- Amazon
- Shein
- Mango
