The price of logistics increased by 34.9% in July 2022, disrupting the supply chain, while electricity prices increased by 15.5%, the highest level since February 2006. In addition, the number of US existing homes sold in July 2022 fell 5.95% to 4.85. million (seasonally adjusted annual rate), which was the lowest number since May 2020 and below the market forecast of 4.89 million. Residential sales fell for the sixth straight month as the mortgage rate peaked at 6.3%. The US economy continues to be heavily impacted by the global energy crisis, forcing people to spend less and save more.
The global decorated apparel market will reach US$1 billion by 2027.
Decorated clothing is used to design clothing after crafting is complete. This includes t-shirts, caps, hats, shoes, jackets, hoodies, sweatshirts, etc. Rising fashion awareness, rapid urbanization and changing lifestyles are the factors driving the growth of the ethnic clothing market for women, men and children. Due to religious and cultural diversity across the world, a wide range of occasions are celebrated.
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And on such occasions, consumers tend to buy ethnic garments, either fusion fabrics or traditional fabrics for personal use and also for gift giving. These opportunities often drive the growth of the ethnic market. According to Fashion Revolution, the consumption of ethnic clothing in India increased by 287,000 in 2018 and in 2021 it is around 802,000. Moreover, with the change in consumer taste and preference, the decorated clothing market will have a lucrative opportunity during the forecast period 2021-2027. However, the market is highly competitive and it is difficult to sustain in the market which is hampering the growth of the market over the forecast period 2021-2027.
Key regions considered for the global Decorative Apparel market study include Asia-Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading region in the world in terms of market share as the presence of numerous garment manufacturers in the region has boosted the demand for decorated garments. Clothing in the region is very different from the rest of the world as kimonos from Japan, qipao from China and saris and kurtas from India are traditionally embroidered. And the world is widely embracing rags. While Europe is expected to show the highest CAGR during the forecast period 2021-2027. Factors such as famous fashion designers like Karl Lagerfeld, Nicolas Ghesquière, Stella McCartney and Phoebe Philo, offer custom luxury clothing in neutral color palettes and wearable designs, which are rapidly gaining popularity.
The major market players included in this report are:
Fruit of the Loom, Inc.
Downtown Custom Apparel
Delta Clothing, Inc.
Target Decorated Clothing
Advance Printwear Limited
New England Printed Clothing
The objective of the study is to define the market size of different segments and countries in recent years and to forecast the values to the next eight years. The report is designed to incorporate qualitative and quantitative aspects of the industry in each of the regions and countries involved in the study. Furthermore, the report also provides detailed information about the crucial aspects such as driving factors and challenges which will define the future growth of the market. Additionally, the report should also incorporate the opportunities available in the micro markets for stakeholders to invest in, along with the detailed analysis of the competitive landscape and product offerings of key players.
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The detailed segments and sub-segments of the market are explained below:
By Product Insights:
By end-user Outlook:
- North America
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- Asia Pacific
- South Korea
- Latin America
- Rest of the world
Main advantages of this market study:
- Sector Drivers, Constraints and Opportunities Covered in the Study
- Neutral outlook on market performance
- Recent industry trends and developments
- Competitive landscape and strategies of key players
- Potential and Niche Segments and Regions Showing Promising Growth Covered
- Historical, current and projected market size, in terms of value
- In-depth analysis of the Exterior Architectural Cladding market
- Overview of the Regional Outlook of the Exterior Architectural Cladding Market:
This report answers the following key questions:
- What is the size of the market as a whole in 2021? What rate of market expansion is expected between 2022 and 2030?
- Which region would experience strong demand for property in the coming years?
- What are the variables favoring the expansion of the market?
- Which sub-market will have the most impact on the market?
- What are the market opportunities for established and new players?
- What different short-term and long-term tactics have market participants adopted?
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