View of Global Clothing Industry

The global clothing market value is about 3 trillion dollars, 3,000 billion. It accounts for 2 percent of the world's Gross Domestic Product (GDP), according to the research survey. I mainly covers many sub industries, such as menswear, womenswear and sportswear.

There are 3,000 billion, textile and garment industry new companies entering the market daily. This can meet the large. The largest fashion company worldwide includes the US-based athleisure- and lifestyle brand. There is 2015 revenues of 30.6 billion and a market value of nearly a 105 billion dollars in Nike company. Spanish fast-fashion giant Inditex is the second largest fashion company worldwide as it has a market value of nearly a 104 dollars close to Nike.

Today, the company’s biggest market and accounts for 17 percent of H&M’s total sales is Germany. United States and China is H&M’s largest international markets. For North Asia, it accounts for the largest share of industry establishments with 55.0% of the apparel manufacturing locations. China is major region in production. Most apparel firms outsource production to countries with lower production costs. It is known that more than 45.0% of women's and girl's clothing is imported into the United States. There is double digit revenue growth over the five-year period to 2016 in China's clothing manufacturing industry.

The news said that apparel and footwear in the US gone through another year of slow growth in 2016. The improving job market and rising pay backed consumer consumption over the last five years, and this continued in 2016. Sales from foreign tourists slumps because of the strong US dollar. Most consumers tend to wear sports apparel and footwear for various daily activities.

In addition, the apparel competitive landscape in 2016 remained both fragmented and congested because of the presence of numerous retailers and brands. Austria consumers can enjoy the choice of a wide variety of fashions and styles at various price points. When talking about relative trends in competitiveness between Asia's main garment and textile exporters, it is correlated with data from the US government's Office of Textiles and Apparel.

Global clothing industry research report analyzes the global markets for Protective Clothing across all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2013, 2014 revenue estimations are presented for 2015 and forecasts from 2016 till 2025. It also offers market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.

As with many industries in the manufacturing sector, the United States now focuses the high-value parts of the apparel global supply chain: research and development (R&D), design and marketing.

The Role of the Informal Economy in the Garment Industry.

Many garment workers (particularly women and migrant workers)50 in developing countries work in what is known as the informal economy.

Informal workers are not typically recognised by the law and hence do not have access to social security, and most forms of labour protection.

The directive will need to be implemented by Member States by 2017.

Forced labour may is still found in some of the labour intensive parts of the supply chain, e.g. forced labour exists in the cotton picking industry.