Decorated Apparel is a technique that is used to design clothing after it’s been manufactured. It consists of t-shirts, hats, hoodies, and beanies, technically anything wearable. The growth of this market is mainly growing on the ground of a growing population base, rise in per capita disposable consumer income, and rising demand for customized or personalized apparel. Also, growing technology innovation in the printing industry and is expected to grow more in the over the forecast period.
As per the new report released by Value Market Research, the Global Decorated Apparel Market was valued USD 24,190.5 MN (by revenue) in 2017 and is anticipated to reach USD 50,770.8 MN by 2024 with a CAGR of 11.5%.
EMBROIDERY IS A WIDELY ADOPTED TECHNIQUE
Embroidery has dominated the segment in 2017 and is expected to reach USD XX.X MN. Embroidery is gaining hype in the market owing to rising use of this art on polo and button-down shirts, jackets, bags, hats and more. Also, the growth of the segment can be attributed to the rising demand for customized or personalized apparel across the globe.
WOMENSWEAR LED THE PRODUCT TYPE SEGMENT
The womenswear is the largest segment of decorated apparel market as this segment is extremely diverse among other. Also, a growing sense of fashion among women's along with the rising innovation in the apparel industry especially for women in another major factor driving the growth of this segment. By the end of 2024, the segment is expected to reach USD XX.X MN.
ASIA-PACIFIC HOLDS THE HIGHEST MARKET SHARE
Asia-Pacific leads the global Decorated Apparel market in 2017 and is expected to reach USD XX.X MN. The dominance can be attributed to the presence of a large population base, increasing disposable income, along with the rising demand for customized and personalized apparel. Also, growing demand for more energy efficient and technologically advanced print wear equipment from decorated apparel industries is further driving the regional market growth.
THE MAJOR PLAYERS PROFILED ARE
The key players in the decorated apparel market include Advance Printwear Limited, Delta Apparel, Downtown Custom Printwear, Gildan Activewear Inc., Hanesbrands Inc., Lynka, Master Printwear, New England Printwear, and Russell Brands, Llc.
As per this study the Global Decorated Apparel Market was valued USD 24.06 MN (by revenue) in 2021 and is anticipated to reach USD 59.47 MN by 2028 with a CAGR of 13.8%.
Decorated Apparel refers to the process that is used to design clothing after it's been manufactured. It consists of t-shirts, hats, hoodies, and beanies, technically anything wearable. When it comes to decorating apparel, abundant options are available today, and the accessibility of newer processes is continuing to grow. Some styles work well for large-run orders, while others work well for smaller quantities. Thus, getting a full-color, personalized image printed on a shirt today is a lot easier and less expensive than in the past.
Market Dynamics
The growth of the market can be attributed to the robust growth in decorated apparel market is mainly driven by growing population base, rise in per capita disposable consumer income, and growing demand for customized or personalized apparel. Also, rising sense of fashion among people along with the growing innovation in the apparel industry for especially for women is another major factor driving the growth. Further, the rising influence of media and western culture on people mindsets is also anticipated to fuel growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of decorated apparel.
Market Segmentation
The broad decorated apparel market has been sub-grouped into technique and product type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Technique
- Embroidery
- Screen Printing
- Dye Sublimation
- Digital Printing
- Heat Transfer
- Direct To Garment (DTG)
- Others
By Product Type
- Womenswear
- Menswear
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for decorated apparel in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Decorated Apparel Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the decorated apparel market includes Advance Printwear Limited, Delta Apparel, Downtown Custom Printwear, Gildan Activewear Inc., Hanesbrands Inc., Lynka, Master Printwear, New England Printwear, and Russell Brands, Llc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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