Global Readymade Garments Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Type;
Outer Clothing and Inner Clothing.By Fabric Type;
Knit, Woven, and Nonwoven.By Application;
Formal Wear, Sports Wear, Casual Wear, Safety Apparel, and Others.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).Introduction
Global Readymade Garments Market (USD Million), 2021 - 2031
In the year 2024, the Global Readymade Garments Market was valued at USD 1,207,643.16 million. The size of this market is expected to increase to USD 2,165,436.41 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.7%.
The demand for readymade garments remains consistent among consumers. However, the outbreak of the novel coronavirus has significantly affected the growth of the readymade garments market in the U.S. and rest of the world. This decline in growth in the readymade garments market is majorly attributed to the disruption of the supply chain. Moreover, halt in the production of clothing, fabric, and other complementary products due to social distancing being practiced all around the world has adversely affected the growth of this industry.
The growth of the readymade garments market driven by increase in fashion trend and its influence over consumers. This race to cope up with the changing fashion trend is anticipated to significantly influence consumers to purchase latest designs, especially worn by celebrities.Furthermore,rise in demand for nightwear and athletic wear has encouraged companies to launch new products to cater to increasing needs of customers. In addition, the demand for these outfits from the adult age group has increased considerably. Online retail platform is the major driver of the readymade garments industry. This is attributed to the fact that presently most of the readymade garments manufacturing companies have their own web-based retail stores where consumers can gain information about the latest fashion trends and material/fabric. In addition, the number of consumers shopping online is escalating at a high rate, owing to availability of varied product options and easy price comparison on online shopping sites. This is useful for retailers due to zero expenditure on physical outlets or showrooms. Some of the major reasons behind consumer preference for online shopping are consumers can read reviews provided by other consumers, compare various stores & products, and can compare product price by different sellers. All these factors collectively have contributed toward the global readymade garments market growth.
Improvement in economic condition and surge in disposable income propel the market growth. Increase in disposable income among the middle-income group acts as a major driver for the readymade garments market, as medium and highincome consumers in urban areas are shifting their consumption trend from essential to premium goods & services. This trend favors readymade garments market suppliers & institutions to enhance their product & services. However, negative impact on environment by the manufacturing of readymade garmentsacts as the major restraint of the global market. On the contrary, introduction of stretchable and quick-drying fabric offers immense opportunities for the market players to increase their share and strengthen their foothold in the competitive market.
Global Readymade Garments Market Recent Developments
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In March 2021, H&M launched its Conscious Collection, featuring sustainable readymade garments made from organic and recycled fabrics.
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In October 2023, Zara introduced AI-driven supply chain optimization, reducing production times and ensuring faster availability of readymade garments globally.
Segment Analysis
The Global Readymade Garments Market has been segmented by Type, Fabric Type, Application, and Geography, reflecting the diverse preferences and needs of consumers worldwide. Firstly, by type, the market is categorized into Outer Clothing and Inner Clothing, catering to distinct garment categories. Outer Clothing encompasses garments worn on the exterior layer of the body, including jackets, coats, and shirts, while Inner Clothing comprises garments worn underneath, such as t-shirts, underwear, and innerwear.
Secondly, the market segmentation by fabric type includes Knit, Woven, and Nonwoven fabrics, each offering unique characteristics and applications. Knit fabrics are known for their stretchability and comfort, commonly used in casual wear and sportswear. Woven fabrics, on the other hand, offer durability and structure, making them suitable for formal wear and outer clothing. Nonwoven fabrics, although less common in readymade garments, find applications in safety apparel and specialized clothing due to their versatility and performance properties. Lastly, the market is segmented by application, covering Formal Wear, Sports Wear, Casual Wear, Safety Apparel, and Others. Formal wear includes garments suitable for professional settings and formal occasions, while sports wear encompasses activewear designed for athletic activities.
Casual wear caters to everyday wear, offering comfort and style for leisure activities. Safety apparel includes garments designed to protect against occupational hazards and adverse conditions, such as high-visibility vests and protective clothing for industrial workers. The "Others" category encompasses niche segments and specialized applications, reflecting the diverse nature of the readymade garments market. Overall, this segment analysis provides a comprehensive understanding of the market landscape, highlighting key segments and their respective characteristics, applications, and consumer preferences.
Global Readymade Garments Segment Analysis
In this report, the Global Readymade Garments Market has been segmented by Type, Fabric Type, Application, and Geography.
Global Readymade Garments Market, Segmentation by Type
The Global Readymade Garments Market has been segmented by Type into Outer Clothing and Inner Clothing.
Outer Clothing encompasses garments designed for exterior wear, serving both functional and fashion purposes. This category includes a wide range of apparel such as jackets, coats, shirts, trousers, and dresses, tailored to various occasions, climates, and lifestyles. Outer clothing not only provides protection against external elements like weather, but it also serves as a primary means of self-expression, reflecting individual style preferences and trends.
On the other hand, Inner Clothing comprises garments worn underneath outer layers, including t-shirts, tank tops, underwear, bras, and lingerie. Inner clothing serves as the foundation of dressing, offering comfort, support, and modesty. While often concealed from view, inner garments play a crucial role in enhancing comfort, maintaining hygiene, and providing a seamless silhouette under outerwear. Moreover, inner clothing can also feature fashionable designs and materials, aligning with personal style preferences and body positivity movements.
By segmenting the market into Outer Clothing and Inner Clothing, manufacturers, retailers, and consumers gain a clearer understanding of the diverse garment categories available, allowing for targeted product development, marketing strategies, and purchasing decisions based on specific dressing needs and preferences. This segmentation reflects the multifaceted nature of the global readymade garments market and underscores the importance of catering to both functional and aesthetic aspects of dressing across different clothing layers.
Global Readymade Garments Market, Segmentation by Fabric Type
The Global Readymade Garments Market has been segmented by Fabric Type into Knit, Woven, and Nonwoven.
Knit fabrics are renowned for their flexibility, stretchability, and comfort, making them ideal for garments that require ease of movement and a form-fitting silhouette. Commonly used in casual wear, sportswear, and innerwear, knit fabrics offer breathability and moisture-wicking properties, enhancing comfort during physical activities. Woven fabrics, on the other hand, are characterized by their strength, structure, and durability, making them suitable for a wide range of garments, including formal wear, outerwear, and accessories.
Woven fabrics are created by interlacing yarns in a crisscross pattern, resulting in a stable and rigid fabric that holds its shape well. This makes woven garments resistant to wrinkles and deformation, offering a polished and refined appearance suitable for professional settings. Nonwoven fabrics, although less common in readymade garments, offer versatility and customization options for specialized applications. Nonwoven fabrics are produced by bonding or interlocking fibers together through mechanical, chemical, or thermal processes, resulting in fabrics with unique properties such as breathability, insulation, and water resistance.
Nonwoven garments find applications in safety apparel, medical textiles, and filtration products, where specific performance requirements need to be met. Overall, the segmentation of the Global Readymade Garments Market by Fabric Type into Knit, Woven, and Nonwoven categories underscores the importance of fabric selection in determining the functionality, aesthetics, and performance of garments, catering to the diverse needs and preferences of consumers across different segments and applications.
Global Readymade Garments Market, Segmentation by Application
The Global Readymade Garments Market has been segmented by Application into Formal Wear, Sports Wear, Casual Wear, Safety Apparel, and Others.
Formal Wear encompasses garments tailored for professional settings, special occasions, and formal events, including suits, blazers, dresses, and tailored shirts. These garments are characterized by their sophisticated designs, high-quality materials, and impeccable craftsmanship, catering to individuals seeking refined and elegant attire for business meetings, weddings, and social gatherings. In contrast, Sports Wear comprises activewear designed for athletic activities and fitness pursuits, such as gym workouts, running, yoga, and outdoor sports.
These garments prioritize functionality, comfort, and performance, featuring moisture-wicking fabrics, stretchable materials, and ergonomic designs to enhance mobility and support during physical exertion. Meanwhile, Casual Wear offers relaxed and versatile clothing options for everyday wear, ranging from t-shirts, jeans, and hoodies to dresses, skirts, and loungewear. Casual wear emphasizes comfort, style, and ease of wear, catering to individuals seeking effortless and fashionable attire for leisure activities, socializing, and informal occasions. Safety Apparel encompasses garments engineered to provide protection against occupational hazards, adverse weather conditions, and industrial environments.
These garments include high-visibility vests, safety jackets, protective gloves, and flame-resistant clothing, designed to ensure the safety and well-being of workers in construction, manufacturing, mining, and other hazardous occupations. The ohers category encompasses niche segments and specialized applications within the readymade garments market, including maternity wear, adaptive clothing for people with disabilities, ethnic wear, and uniforms for various industries and institutions. Overall, the segmentation of the Global Readymade Garments Market by application reflects the diverse needs, lifestyles, and preferences of consumers, offering a comprehensive range of clothing options to suit every occasion and purpose.
Global Readymade Garments Market, Segmentation by Geography
In this report, the Global Readymade Garments Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Readymade Garments Market Share (%), by Geographical Region, 2024
The Asia-Pacific region dominates the global readymade garments market, contributing the largest share in terms of both production and consumption. Countries like China, India, Bangladesh, and Vietnam are major manufacturing hubs, benefiting from their low labor costs, robust textile industries, and established export networks. These nations not only supply garments to the global market but also have a growing domestic consumer base, where rising disposable incomes and a shift toward fashion-conscious shopping are driving demand. The region's expanding middle-class population and changing consumer behavior towards branded and stylish apparel continue to fuel the growth of the readymade garments market.
In North America, particularly the United States, the readymade garments market holds a significant share, driven by strong consumer demand, an advanced retail sector, and high spending power. The U.S. remains one of the largest consumers of fashion products, with a high preference for branded clothing and a well-established retail infrastructure, including both physical stores and e-commerce platforms. The rise of fast fashion, influenced by brands like Zara, H&M, and others, has played a pivotal role in shaping consumer preferences in the region. Additionally, the increasing focus on sustainability in fashion is contributing to a shift toward eco-friendly and ethically produced readymade garments in the market.
Europe holds a notable share of the global readymade garments market, with countries like Germany, the UK, and France leading in both consumption and production. The European market is characterized by a preference for high-quality, premium, and sustainable fashion. European consumers are increasingly leaning toward eco-conscious brands, contributing to the rise in demand for sustainable, organic, and ethically produced apparel. The strong presence of global fashion brands in the region, along with growing trends like athleisure and customization, continues to bolster the market's growth. In particular, the UK and Germany are key markets for readymade garments, driven by their well-established retail networks and evolving consumer tastes in fashion.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Readymade Garments Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers
- Changing Consumer Preferences
- Increasing Disposable Income
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Fast Fashion and Quick Turnaround- Fast fashion and quick turnaround represent a significant driver in the Global Readymade Garments Market, shaping the dynamics of production, distribution, and consumer behavior. Fast fashion refers to the rapid production and delivery of trendy clothing collections, often inspired by the latest runway trends and celebrity styles. This approach allows garment manufacturers and retailers to quickly respond to changing fashion trends and consumer preferences, bringing new styles to market at an accelerated pace. Quick turnaround, on the other hand, refers to the efficiency and speed with which garments are produced, from design conception to manufacturing and distribution. By streamlining production processes, optimizing supply chains, and leveraging technology, garment companies can minimize lead times and deliver fresh inventory to retail stores and online platforms in a matter of weeks rather than months.
In the Global Readymade Garments Market, fast fashion and quick turnaround drive several key benefits for both businesses and consumers. For businesses, these drivers enable them to capitalize on short-lived trends and capitalize on consumer demand for novelty and variety. By adopting agile manufacturing practices and flexible production systems, garment companies can reduce inventory costs, minimize excess stock, and mitigate the risks associated with unsold merchandise.
Restraints
- Price Volatility
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Fast Fashion Pressure- The pressure of fast fashion represents a significant restraint in the Global Readymade Garments Market. Fast fashion refers to the rapid production and distribution of inexpensive clothing collections that mimic current fashion trends. This business model emphasizes speed and affordability, often at the expense of environmental sustainability, ethical labor practices, and product quality. One of the key challenges posed by fast fashion is its impact on the environment. The production of cheap, disposable garments contributes to significant pollution, including water pollution from dyeing and chemical treatments, as well as textile waste from discarded clothing items.
Furthermore, the fast fashion cycle of constant production and rapid turnover encourages overconsumption and a throwaway culture, wherein clothing items are worn for a short period before being discarded, contributing to the growing problem of textile waste. Moreover, the pressure to keep up with fast fashion trends can lead to a lack of innovation and creativity in the garment industry, as brands prioritize quick turnaround times and replication of popular styles over originality and quality craftsmanship.
Opportunities
- Innovation in Materials and Technology
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E-commerce Expansion- By establishing online storefronts and leveraging digital marketing strategies, brands can access consumers in remote areas or international markets where physical presence may be limited or costly to establish. This expanded reach opens up new revenue streams and market opportunities, driving overall sales growth for readymade garment companies.
E-commerce offers unparalleled convenience and accessibility for consumers. With online shopping, customers can browse through a vast array of garments, compare prices, read reviews, and make purchases at any time of the day, from anywhere with an internet connection. This convenience factor is particularly appealing for busy individuals who may not have the time to visit physical stores or prefer the convenience of doorstep delivery. Additionally, e-commerce platforms often offer features such as personalized recommendations, virtual try-ons, and hassle-free return policies, further enhancing the shopping experience and increasing customer satisfaction. Moreover, e-commerce enables readymade garment brands to optimize their inventory management, reduce overhead costs, and operate more efficiently.
Competitive Landscape Analysis
Key players in Global Readymade Garments Market include:
- Louis Vuitton Malletier SAS
- Nike, Inc.
- The Gap, Inc.
- VF Corporation
- Hennes & Mauritz AB
- Zara
- Hanesbrands Inc.
- Under Armour, Inc
- PVH Corporation
- Aditya Birla Management Corporation Pvt. Ltd.
- Gap Inc
- Jockey International Inc
- Benetton Group s.r.l
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Type
- Market Snapshot, By Fabric Type
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Readymade Garments Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Changing Consumer Preferences
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Increasing Disposable Income
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Fast Fashion and Quick Turnaround
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- Restraints
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Price Volatility
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Fast Fashion Pressure
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- Opportunities
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Innovation in Materials and Technology
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E-commerce Expansion
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Readymade Garments Market, By Type, 2021 - 2031 (USD Million)
- Outer Clothing
- Inner Clothing
- Global Readymade Garments Market, By Fabric Type, 2021 - 2031 (USD Million)
- Knit
- Woven
- Nonwoven
- Global Readymade Garments Market, By Application, 2021 - 2031 (USD Million)
- Formal Wear
- Sports Wear
- Casual Wear
- Safety Apparel
- Others
- Global Readymade Garments Market, By Geography, 2021 - 2031 (USD Million)
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North America
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United States
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Canada
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Europe
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Germany
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United Kingdom
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France
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Italy
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Spain
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Nordic
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Benelux
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Rest of Europe
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Asia Pacific
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Japan
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China
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India
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Australia & New Zealand
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South Korea
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ASEAN (Association of South East Asian Countries)
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Rest of Asia Pacific
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Middle East & Africa
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GCC
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Israel
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South Africa
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Rest of Middle East & Africa
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Latin America
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Brazil
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Mexico
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Argentina
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Rest of Latin America
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- Global Readymade Garments Market, By Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Lo
- Louis Vuitton Malletier SAS
- Nike, Inc.
- The Gap, Inc.
- VF Corporation
- Hennes & Mauritz AB
- Zara
- Hanesbrands Inc.
- Under Armour, Inc
- PVH Corporation
- Aditya Birla Management Corporation Pvt. Ltd.
- Gap Inc
- Jockey International Inc
- Benetton Group s.r.l
- Company Profiles
- Analyst Views
- Future Outlook of the Market