Fashion Market Report 2024

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GLOBAL FASHION MARKET REPORT 2024
Global,Regional,CountryAnalysis
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INTRODUCTION
Fashion refers to the prevailing trends, styles,
and choices in clothing, accessories, and
appearance that are popular within a particular
culture or society at a given time. It
encompasses a wide range of elements, including
clothing designs, colors, fabrics, and overall
aesthetics, often influenced by factors such as
culture, social status, and personal expression.
The differing consumer preferences, the impact of
social media influencers, the influence of
celebrity endorsements, seasonal shifts in
weather climate, the rise in disposable income
levels, innovations in materials, manufacturing
processes, and e-commerce platforms, growing
awareness of environmental and social issues,
cultural events and increasing interconnectedness
and cultural exchange between different regions
and countries are the major factors influencing
the growth of the Fashion Market.
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KEY INSIGHTS
MARKET SIZE USD 742512.2 million
2024
CAGR 8.00
2024- 2031
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REVENUE MARKET SHARE BY SEGMENTS 2022

• Footwear
• Headwear
• Clothing
• Jewellery Accessories
• Bags

Type Segment

• Offline
• Online

Channel Segment

• Men
• Women

Application Segment
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Global Fashion Market Revenue share for 2024
North America 40
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• Innovations in Materials to Provide Viable Market
  Output
• Impact of Social Media Influencers to Propel
  Market Growth

Drivers
Rising Production Costs to Restrict Market Growth
Restraints
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AUTHOR'S PERSPECTIVE

• The global Fashion market will expand
  significantly by 8.00 CAGR between 2024 and
  2031.
• Sales of the footwear segment are set to rise as
  it encompasses everything from athletic sneakers
  and casual sandals to formal dress shoes and
  trendy boots.
• Rise in disposable income levels, innovations in
  materials, manufacturing processes, and
  e-commerce platforms.

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KEY PLAYERS
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