Apparel - United Kingdom | Statista Market Forecast (2024)

  • United Kingdom
  • The Apparel market in the United Kingdom is projected to generate a revenue of US$82.89bn in 2023.
  • It is estimated to experience an annual growth rate of 3.56% (CAGR 2023-2027).
  • Among the different segments within the market, Women's Apparel holds the largest market volume, reaching US$45.34bn in 2023.
  • When compared globally, in the United States leads in revenue generation, with an expected amount of US$351bn in 2023.
  • In terms of per capita revenue, each person in the United Kingdom is expected to contribute US$1.22k in 2023.
  • Looking ahead, the volume of the Apparel market is anticipated to reach 4.2bn pieces by 2027.
  • Additionally, the market is expected to demonstrate a volume growth of 1.2% in 2024.
  • The average volume per person in the Apparel market is projected to be 60.2pieces in 2023.
  • Furthermore, it is forecasted that 94% of sales in the Apparel market in the United Kingdom will be generated by Non-Luxury by 2023.
  • The United Kingdom's apparel market is experiencing a surge in demand for sustainable and ethically produced clothing.

Key regions: United States, Philippines, India, Europe, Germany

Definition:

The Apparel market includes clothing that is produced for private end customers and is broken down into the following product lines: Women’s Apparel, Men’s Apparel, and Children’s Apparel. Work clothes as well as other personal accessories, such as watches and jewelry, handbags, and similar items, that do not count as actual articles of clothing are not included.

Structure:

The market is divided into three main categories:

  • The Women’s Apparel market, which encompasses clothes for women and is further divided into the following categories: Coats & Jackets, Blazers, Suits & Ensembles, Dresses & Skirts, Trousers, Shirts & Blouses, Jerseys, Sweatshirts & Pullovers, Sports & Swimwear (Performance Apparel, Sports-Inspired Apparel, Swimwear), Night & Underwear, T-Shirts, Tights & Leggings, Socks, Clothing Accessories & Other Clothes (Gloves, Shawls & Scarves, Belts, Hats & Caps, Leather Clothes, Felt and Fur & Other Clothes).
  • The Men’s Apparel market, which encompasses clothes for men and is further divided into the following categories: Coats & Jackets, Blazers, Suits, Trousers, Shirts, Jerseys, Sweatshirts & Pullovers, Sports & Swimwear (Performance Apparel, Sports-Inspired Apparel, Swimwear), Night & Underwear, T-Shirts, Socks, Clothing Accessories & Other Clothes (Gloves, Shawls & Scarves, Belts, Hats & Caps, Ties & Bow Ties, Leather Clothes, Felt and Fur & Other Clothes).
  • The Children’s Apparel market, which encompasses clothes for boys and girls up to the age of 14 and is then further divided into the following categories: Coats & Jackets, Blazers, Suits & Ensembles, Dresses & Skirts, Trousers, Shirts & Blouses, Jerseys, Sweatshirts & Pullovers, Sports & Swimwear (Sportswear, Swimwear), Night & Underwear, T-Shirts, Tights & Leggings, Socks, Baby Clothes, Clothing Accessories & Other Clothes (Gloves, Shawls & Scarves, Belts, Hats & Caps, Ties & Bow Ties, Leather Clothes, Felt and Fur & Other Clothes).

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit, luxury revenue share, secondhand apparel share, sustainable apparel share, and sales channels. The distribution channels can be divided into stationary suppliers of multi-label products (e.g., department stores and traditional specialist shops), vertically integrated textile chains (e.g., H&M and Primark), eCommerce, and ordering by catalog. Furthermore, some fashion brands seek direct contact with their customers through single-label stores.

There are numerous small, middle-sized, and big brands that operate successfully at a national or regional level. Key players in the market include Nike, ZARA, H&M, and Uniqlo.

For more information on the displayed data, use the info button right next to the boxes.

in-scope

  • Women's Apparel
  • Men's Apparel
  • Children's Apparel

out-of-scope

  • Work clothes
  • Handbags
  • Watches and jewelry
  • Ski suits
  • Umbrellas

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Market

Region

Region comparison

Currency

Analyst Opinion

While Greater China almost overtakes the U.S. as largest fashion market in the world, key economic indicators create a more cautious mood for the global fashion industry potentially slowing down by 2020. For companies it is crucial to prepare plans to address a possible transformation of global value chains emerging by new opportunities from global consumer spending shifting towards emerging economies as well as trade tensions and uncertainties. A leverage point could be to take a strong position on social and environmental issues, as this is very much demanded by the younger generation.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on the consumer spending on clothing which comprises women, men, and children segments that are produced for private end customers for both offline retail (department stores, traditional specialist shops) and online retail (e-commerce, ordering by catalog).

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use resources from the Statista platform, national statistics, industry research, market data from independent databases and third-party sources, historical developments, current trends, reported performance indicators from the key market players, and Statista interviews with market experts. Next we use relevant key market indicators and data from country-specific associations such as GDP, consumer spending, consumer price index and population. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, the exponential trend smoothing illustrates suited forecasting for the Apparel market with projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional Notes :

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Overview

  • Revenue
  • Sales Channels
  • Key Players
  • Analyst Opinion
  • Volume
  • Price
  • Demographics
  • Purchase Criteria
  • Global Comparison
  • Methodology
  • Key Market Indicators

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As an industry expert deeply immersed in the realm of market analysis and consumer behavior, I bring forth a wealth of knowledge and hands-on experience to decipher the intricacies of the Apparel market in the United Kingdom. My extensive exposure to market trends, statistical methodologies, and a comprehensive understanding of key indicators positions me as a reliable source for insightful analysis.

Now, let's delve into the multifaceted landscape of the United Kingdom's Apparel market, as outlined in the provided article:

Market Insights:

1. Market Size and Growth:

  • The Apparel market in the United Kingdom is poised to generate a revenue of US$82.89bn in 2023.
  • Anticipated annual growth rate stands at 3.56% (CAGR 2023-2027).
  • Women's Apparel dominates the market, reaching US$45.34bn in 2023.

2. Global Comparison:

  • The United States leads globally with an expected revenue of US$351bn in 2023.

3. Per Capita Contribution:

  • Each person in the United Kingdom is expected to contribute US$1.22k to the Apparel market in 2023.

4. Market Volume and Growth:

  • The Apparel market volume is projected to reach 4.2 billion pieces by 2027.
  • Anticipated volume growth is 1.2% in 2024.
  • Average volume per person in 2023 is projected at 60.2 pieces.

5. Segmentation:

  • Key market segments include Women's Apparel, Men's Apparel, and Children's Apparel.

6. Consumer Preferences:

  • 94% of sales in the United Kingdom's Apparel market will be generated by Non-Luxury items by 2023.
  • Surging demand for sustainable and ethically produced clothing.

Definition:

1. Apparel Market Definition:

  • Encompasses clothing for private end customers.
  • Excludes work clothes, handbags, watches, and jewelry.

2. Market Structure:

  • Divided into Women's Apparel, Men's Apparel, and Children's Apparel.
  • Subcategories within each segment.

Additional Information:

1. Market Components:

  • Includes revenue and average revenue per capita, volume, average volume per capita, price per unit, luxury revenue share, secondhand apparel share, and sales channels.

2. Distribution Channels:

  • Stationary suppliers, vertically integrated textile chains, eCommerce, and single-label stores.
  • Key players include Nike, ZARA, H&M, and Uniqlo.

Out-of-Scope Items:

  • Work clothes, handbags, watches, and jewelry are not included in the Apparel market.

Related Concepts:

  • Alcoholic Drinks, Non-Alcoholic Drinks, Food, Tobacco Products, Home & Laundry Care, Beauty & Personal Care, Footwear, Eyewear, Accessories, Consumer Electronics, Luxury Goods, DIY & Hardware Store.

Analyst Opinion:

  • A cautious outlook for the global fashion industry, with potential slowdown by 2020.
  • Emphasis on addressing global value chain transformations and capitalizing on social and environmental issues.

Methodology:

  • Data coverage includes B2C enterprises, utilizing Top-Down and Bottom-Up approaches.
  • Forecasts incorporate diverse techniques based on market behavior.
  • Regular market updates, considering the impact of COVID-19 and geopolitical events.

In conclusion, this comprehensive analysis provides a panoramic view of the United Kingdom's Apparel market, encompassing market dynamics, consumer preferences, and strategic insights for industry stakeholders. For further details on specific data points, the methodology section offers transparency into the rigorous analytical approach employed.

Apparel - United Kingdom | Statista Market Forecast (2024)
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