study, “Tomorrow’s apparel industry: products, markets, and processes –
forecasts to 2016,” calculates the total market value at retail prices
has fallen to US$755bn this year, from $769bn in 2007″.North America comprises around 21% of the current value, with Western Europe 24%, according to the research ..However, both market shares were diminished by 2008’s banking crisis and the resultant downturn ..The
report also found that women’s outerwear was the category with highest
global market value, followed by men’s wear, women’s underwear,
children’s wear and sportswear respectively ..The ‘Tomorrow’s
apparel industry’ report also includes information on future
merchandise trends; market and distribution evolution; the supply
chain; future sourcing and production; political and government
influences; ethics, Fairtrade and CSR, and technology and systems .