Published on 13 Dec 2022 on Insider Monkey via Yahoo Finance
15 Most Well-Known Clothing Brands in the World
In this article, we take a look at the 15 most well-known clothing brands in the world. You can skip our detailed analysis of the clothing fashion industry and go directly to 5 Most Well-Known Clothing Brands in the World.
Clothing Industry: An Analysis
The global clothing industry grew from $551 billion in the year 2021 to $606 billion in 2022 at a CAGR of 9.9%. However, the pandemic after effects, rate hikes and supply-chain disruptions due to the ongoing Ukraine war are expected to slash the apparel industry CAGR by 3.8% and the market is projected to reach a share of $768.26 billion in 2026 at the CAGR of 6.1%.