Market segments
The revenue generated from the women’s apparel market is much higher than those of men's or children’s apparel. In the U.S. alone, women’s apparel generated more than 133 billion dollars in revenue. That’s more than the men’s and children’s markets combined.There are numerous divisions within the apparel industry, many of which overlap. One of the most notable is the second-hand apparel industry, which is forecast to grow, as the consumer demand for more environmentally conscious apparel options increases. The luxury market is also a key market in the apparel industry; it is projected to double in size from 2021 to 2026.
Leading companies
The apparel market is dominated by the biggest companies. Nike is a standout performer, generally placing in the top spots for selected financial metrics. For example, Nike had the highest brand value of any apparel brand in 2021, at roughly 84 billion dollars. LVMH is another company that consistently placed highly. LVMH had a market capitalization of 367 billion dollars in 2022.OVS was ranked the most transparent fashion company, in a 2021 study which evaluated how much information companies disclose about their suppliers, supply chain policies and practices, and social and environmental impact. The study shows that a lot of the world’s largest companies have a long way to go when it comes to revealing how ethically they run their operations.
