Bharatbook.com announces a report on " Global Clothing Market Demand and Forecast to 2020 - Detailed Analysis of Asia and Australasia Market”. The clothing industry is highly versatile in nature with vast product differentiation, short product life styles and characterized by great pace of demand change.
Global Clothing Market - Overview
Clothing remains largely a discretionary purchase compared to other consumer goods. The global clothing market is continuously growing and it is of utmost importance to the economy in terms of trade, employment, investment and revenue all over the world. The ever changing clothing business always attempts to adapt to customer trends and new technology allowing the consumers shopping experience to be more enjoyable and ergonomic. The Clothing Industry is highly versatile in nature with vast product differentiation, short product life styles and characterized by great pace of demand change. The sales of apparel particularly from online channels are now growing faster than any other e-commerce product segment. Changing fashion trends, rising middle class population, increasing disposable income, lifestyles and generations of consumers are positively impacting the clothing market worldwide.
Global Clothing Market Demand and Forecast - Regional Analysis
Asia and Australasia is the largest regional market for clothing. A multitude of international fashion retailers are seeking to grab maximum share of the larger Asian region. The Asian and Australasia clothing market is expected to grow rapidly over the next five years. North America is the second largest regional market for clothing holding XX% share in 2014. Western Europe stands at the third spot in the global clothing market in 2014. Clothing has been the most purchased physical product in recent years in many countries across Western Europe, including the UK, Spain, Italy and others. Latin America and Middle East and North Africa (MENA) accounted for XX% and XX% share of...