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“Global apparel and footwear industry is expected to increase at a 6.65% CAGR to $ 2736.86 billion by 2026”- Reportlinker analysis

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apparel-and-footwearThe global apparel and footwear industry is expected to increase at a 6.65% CAGR to $ 2736.86 billion by 2026, according to Reportlinker.com, an award-winning market research solution. Apparel and footwear industries are drawing investments from various large multinational organizations, according to Reportlinker.com’s recent research Global Apparel and Footwear Market. According to the research, this has resulted in the progressive transformation of a commodity market into a branded products market controlled by multinational corporations. The global apparel and footwear market is segmented by type, product type, end-user, distribution channels, and geography in this analysis. According to research, the apparel market dominates due to factors such as constantly changing fashion, the expanding influence of western culture, increased internet usage, and the continuous launch of changing trend at lower prices supported by aggressive branding.

The worldwide apparel and footwear market is likely to be dominated by specialty stores in 2026; however, internet channels are expected to grow throughout the forecast period.