Apparel
And Leather Products Market Size:
The global
apparel and leather products market was valued at around $1 trillion in 2017.
Asia Pacific was the largest region in the apparel and leather products market
in 2017, accounting for 40% market share. The USA was the largest country in
the market in 2017, accounting for 20% market share.
Apparel
And Leather Products Market Overview:
The growing awareness on the
adverse effects of textile industry on environment is encouraging companies to
opt for sustainable materials. Unlike natural materials, synthetic fibers take
long time to decompose as they are made from petroleum products. Biological
materials like spider silk are light and have tensile strength that are used in
making garments. Some of the companies also started creating a decomposable
synthetic version of spider silk. For example, Spiber Inc., a Japanese
biomaterials specialist, was the first to produce artificial spider silk. The
company uses genetically modified E.coli to produce the silk proteins which are
used to form silk fibers.
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Asia Pacific was the largest
region in the apparel and leather products market in 2017, accounting for 39%
market share. This was mainly due to a high demand for ready to wear apparel
products from developed countries and developing countries such as China and
India.
According to The Business Research Company’s Consultant, Nitin
Gianchandani, the apparel industry has been transforming labour intensive
manufacturing facilities into automated production facilities. This has enabled
the textile manufacturers to produce at a lower cost. According to a report by
Boston Consulting Group (BCG) in 2015, 1.2 million industrial robots are
expected to be deployed by 2025, thus indicating rise in automation and robotics
technology adoption to improve productivity and reduce production costs. For
instance, Software Automation Inc. introduced a new approach to sewing
automation. The company is using advanced computer vision systems to eliminate
fabric distortion issues where a camera is used to track stitching at the
needle and coordinates the movement of the fabric using light weight robots.
Companies should consider adopting robotics and automation in their
production process to reduce production costs, increase quality and have
control over their manufacturing processes.
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Nike was the largest company in the global apparel
and leather products market in 2017, with revenues of
$34.3 billion for the financial year 2016. Nike’s growth strategy aims at
improving long-term shareholders value. In this line, Nike through strategic
partnerships and agreements focuses on strengthening its position in global
apparel and footwear market. In August 2016, the company partnered with Apollo
Global Management to strengthen Nike’s supply chain by improving its regional
manufacturing capabilities and enable delivery of customized products in the
Americas.
The apparel and leather products market
comprises establishments involved in the manufacture and sale of apparel,
leather and related products. The apparel and leather products in the report is
segmented into apparel manufacturing and leather and allied products.
Apparels manufacturing includes
establishments engaged in manufacturing ready to wear apparel and custom
apparel. These establishments may knit their own fabric or source it from third
party vendors.
Leather and allied product manufacturing
establishments are engaged in tanning or curing of hide into leather and using
it in the manufacture of footwear, handbags, purse and other leather products.
It also includes the manufacture of similar products with substitute materials
such as plastics, rubber or textiles.
Apparel And
Leather Products Manufacturing Global Market Report 2018 is a detailed report
giving a unique insight into this market. The report is priced at $6000 for an
individual user. To use across your office, the price is $9000 and $12000 if
you wish to use across a multinational company.
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