Market revenue in 2023 | USD 6,718.6 million |
Market revenue in 2030 | USD 16,663.1 million |
Growth rate | 13.9% (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 39.86% in 2023. Horizon Databook has segmented the North America 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 flourishing apparel and textile industry in the region is expected to drive market growth. In addition, R&D spending for textile and apparel materials such as conductive fabric with antistatic properties, antimicrobial fibers, and electronic textiles, which are used in the manufacturing of innovative decorated apparel, is high in the U.S.
These factors are expected to have a positive impact on the decorated apparel market in the region. While the concept of social distancing is expected to dent the U.S. apparel market, the main concern for apparel manufacturers within the country is likely to be disruption in retail sales in the near term.
Prominent retailers in the country, including Macy’s, H&M, Ralph Lauren, Madewell, Glossier, Urban Outfitters, Everlane, Walmart, Nordstrom, Sephora, Nike, and Saks Fifth Avenue, recently responded to the coronavirus pandemic by temporarily halting operations.
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