Global apparel and non-apparel manufacturing market has experienced moderate growth over the last five years, and this will accelerate over the forecast period as some weaker markets recover. The Asia-Pacific market is the most dominant globally, making up 62.1% in 2017. This is followed by Europe and US which made up 15% and 11.7% respectively.
The apparel segment was the market's most lucrative in 2017, with total revenues of $500,862.4m, equivalent to 61% of the market's overall value. The non-apparel products segment contributed revenues of $319,841.2m in 2017, equating to 39% of the market's aggregate value.
The market has experienced varying growth over the last five years, with moderate growth in the Middle East and Asia-Pacific offsetting weak growth elsewhere. The economic downturn has affected almost every country, resulting in 2.5% growth in 2016, as some markets struggled to compete with cheap labor costs overseas, and the increased popularity of fast fashion.