Global apparel and non-apparel manufacturing market has
experienced moderate growth over the last five years, and this will accelerate
over the forecast period as some weaker markets recover. The Asia-Pacific
market is the most dominant globally, making up 62.1% in 2017. This is followed
by Europe and US which made up 15% and 11.7% respectively.
The apparel segment was the market's most lucrative in 2017,
with total revenues of $500,862.4m, equivalent to 61% of the market's overall
value. The non-apparel products segment contributed revenues of $319,841.2m in
2017, equating to 39% of the market's aggregate value.
The market has experienced varying growth over the last five
years, with moderate growth in the Middle East and Asia-Pacific offsetting weak
growth elsewhere. The economic downturn has affected almost every country,
resulting in 2.5% growth in 2016, as some markets struggled to compete with
cheap labor costs overseas, and the increased popularity of fast fashion.