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).
Report ID: Rn023329776 Published Date: March, 2025 Updated Date: April, 2025

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Fabric Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Readymade Garments Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Changing Consumer Preferences

        2. Increasing Disposable Income

        3. Fast Fashion and Quick Turnaround

      2. Restraints
        1. Price Volatility

        2. Fast Fashion Pressure

      3. Opportunities
        1. Innovation in Materials and Technology

        2. E-commerce Expansion

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Readymade Garments Market, By Type, 2021 - 2031 (USD Million)
      1. Outer Clothing
      2. Inner Clothing
    2. Global Readymade Garments Market, By Fabric Type, 2021 - 2031 (USD Million)
      1. Knit
      2. Woven
      3. Nonwoven
    3. Global Readymade Garments Market, By Application, 2021 - 2031 (USD Million)
      1. Formal Wear
      2. Sports Wear
      3. Casual Wear
      4. Safety Apparel
      5. Others
    4. Global Readymade Garments Market, By Geography, 2021 - 2031 (USD Million)
      1. North America

        1. United States

        2. Canada

      2. Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Nordic

        7. Benelux

        8. Rest of Europe

      3. Asia Pacific

        1. Japan

        2. China

        3. India

        4. Australia & New Zealand

        5. South Korea

        6. ASEAN (Association of South East Asian Countries)

        7. Rest of Asia Pacific

      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. Lo
      2. Louis Vuitton Malletier SAS
      3. Nike, Inc.
      4. The Gap, Inc.
      5. VF Corporation
      6. Hennes & Mauritz AB
      7. Zara
      8. Hanesbrands Inc.
      9. Under Armour, Inc
      10. PVH Corporation
      11. Aditya Birla Management Corporation Pvt. Ltd.
      12. Gap Inc
      13. Jockey International Inc
      14. Benetton Group s.r.l
  7. Analyst Views
  8. Future Outlook of the Market