The Apparel Global Market Report 2020-30 by The Business Research Company describes and explains the global apparel market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030. The report evaluates the market across each region and for the major economies within each region.
The Apparel Global Market Opportunities And Strategies Report covers apparel market drivers, apparel market trends, apparel market segments, apparel market growth rate, apparel market major players, and apparel market size.
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The apparel market report focuses particularly on identifying the trends, opportunities, and strategies that can lead to success. O&S reports are available off the shelf and can be delivered to clients on the day of purchase.
Apparel Global Market Opportunities And Strategies Report is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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Use Of Blockchain Technology –
Apparel manufacturers are using blockchain technology for reliability in the supply chain, tracking, origin tracking, and intellectual property protection. Blockchain is a decentralized, distributed ledger that stores transactions sequentially. It is like a database that is shared across the public or private network, each user on the network has a copy of the shared database that makes it impossible for a malicious user to modify or change the contents of this ledger. This ledger can only append the data and it cannot be modified. Luxury goods conglomerate LVMH launched a blockchain platform to facilitate consumers’ authentication of luxury products. That ledger provides consumers with authentic information about the product. London based designer, Martine Jarlgaard, produced the first garments with smart labels that are recorded on a blockchain. Every step of the manufacturing of the product was recorded from the raw materials to the final product with time and location stamps.
Artificial Intelligence In Designing Clothing –
Apparel manufacturing companies are investing in artificial intelligence (AI) and machine learning to predict themes in trending patterns, silhouettes, colors, styles, and customer sentiment around the product. Tommy Hilfiger announced a partnership with IBM and the fashion institute of technology to develop an artificial intelligence system with Infor Design and Tech lab for a project called Reimagine Retail, to show how AI capabilities including computer vision, natural language understanding, and deep learning techniques specifically trained with fashion data. These machine-learning tools were applied to 15,000 of Tommy Hilfiger’s product images, 600,000 publicly available runway images, and nearly 100,000 patterns from fabric sites. AI produced insights on Tommy Hilfiger’s style and silhouettes, trending colors, and AI generated patterns. Another company, San Francisco-based, Stitch Fix that delivers clothing to customers with the help of online stylists is working with AI. Stitch Fix is now designing garments created by algorithms that identify trends and styles missing in the inventory based on the combinations of the consumer’s selections of their favorite colors, patterns, and textiles that are picked by AI systems.
The apparel market report is segmented:
By Type –
- Women’s Wear
- Men’s Wear
- Kids Wear
By Type Of Fiber –
- Man-Made Fibers
- Cotton Fibers
- Animal Based Fibers
- Vegetable Based Fibers
By Distribution Channel-
- Online Sales
- Offline Sales
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