The Global Apparel And Leather Products Market Is Forecast To Grow At A High CAGR To 2020

The Business Research Company’s global apparel and leather products market analysis covers the year-on-year growth of the global apparel and leather products market historic and forecast growth. It also includes chapters on the apparel and leather products market trends, geographical analysis, and competitive landscape.
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The global apparel and leather products market is forecast to grow at a CAGR (compound annual growth rate) of around 6.2% to 2020.
Apparel And Leather Products Market Segmentation
According to TBRC’s global apparel and leather products market research, the market is split by segments into Apparel Manufacturing and Leather Products Manufacturing.
Apparel Manufacturing was the largest segment in the apparel and leather products market with around 60% share of the market. Apparels manufacturing includes establishments engaged in manufacturing ready to wear apparel and custom apparel. These establishments may knit their own fabric or source it from third party vendors. This was mainly due to a high demand for ready to wear apparel products from developed countries and developing countries such as China and India.
Leather and Allied Product Manufacturing establishments are engaged in tanning or curing of hide into leather and using it in the manufacture of footwear, handbags, purse and other leather products. It also includes the manufacture of similar products with substitute materials such as plastics, rubber or textiles. The Leather And Allied Products was the second largest segment in the apparel and leather products market with almost 40% share of the market.
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Although leather and allied products manufacturing was the smaller segment, it is forecast to grow at a higher CAGR of 6.4% than the apparel manufacturing segment which is forecast to grow at around 6%. The reason for this can be attributed to the increase in demand for leather and allied products.
The global apparel and leather products market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global apparel and leather products market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are NIKE, H&M, Adidas, Christian Dior, and Kering.

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