Market revenue in 2023 | USD 10,633.0 million |
Market revenue in 2030 | USD 25,083.8 million |
Growth rate | 13% (CAGR from 2023 to 2030) |
Largest segment | Embroidery |
Fastest growing segment | Screen Printing |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Embroidery, Screen Printing, Dye Sublimation, Digital Printing |
Key market players worldwide | Gildan Activewear Inc, Berkshire Hathaway Inc Class A, Hanesbrands Inc, Delta Apparel Inc, Downtown Custom Printwear, Advance Printwear, Lynka |
Embroidery was the largest segment with a revenue share of 39.94% in 2023. Horizon Databook has segmented the Asia Pacific decorated apparel market based on embroidery, screen printing, dye sublimation, digital printing covering the revenue growth of each sub-segment from 2018 to 2030.
The way consumers dress up in Asia Pacific countries is very different from the rest of the world. Kimonos of Japan, qipao of China, and saris & kurtas of India are traditionally embroidered. Additionally, these types of clothes are widely being adopted across the world and contributing to the rise in fusion wear.
This, in turn, is driving the decorated apparel market in Asia Pacific. Increasing disposable income of the middle-class population has driven the number of first-time buyers of high-end decorated apparels in this region.
Consumers are increasingly inclined toward decorated apparel owing to preference for high-quality products and growing influence of social media in terms of fashion trends. In addition, the expansion of international players in the region is acting as a major driver for market growth.
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