Market revenue in 2023 | USD 1,338.8 million |
Market revenue in 2030 | USD 3,138.2 million |
Growth rate | 12.9% (CAGR from 2023 to 2030) |
Largest segment | Embroidery |
Fastest growing segment | Screen Printing |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 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 36.07% in 2023. Horizon Databook has segmented the UK decorated apparel market based on embroidery, screen printing, dye sublimation, digital printing covering the revenue growth of each sub-segment from 2018 to 2030.
Over the past few years, increasing preference for unique clothing among consumers has led to a rise in demand for comfortable, yet fashion-forward apparel in the country. Key market players are launching new products featuring a range of decorated apparel for different body types and ages to cater to the rising consumer demand.
An emerging trend of patchwork and retro logo designs is also expected to boost product demand in the region over the forecast period. Factors such as product expertise and low costs offered by Chinese textile manufacturers suggest that the U.K. is expected to continue its trade relations with China over the forecast period.
Specialized production offered by Chinese textile manufacturers would make sourcing textile from other markets challenging for prominent decorated apparel brands within the U.K. While the potential impact of COVID19 in the coming years continues to remain unknown, decorated apparel brands in the country are likely to witness a short-term decline in sales in 2020.
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