The apparel and leather products market comprises establishments involved in the manufacture and sale of apparel, leather and related products.
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The apparel and leather product manufacturing market is valued at over $1trillion in 2017 because the industry is adopting robotics and automation technologies which has enabled the textile manufacturers to produce at a lower cost.
The apparel and leather products is segmented into apparel manufacturing and leather and allied products. Apparel manufacturing was the largest segment in the apparel and leather products market with a 60% share of the market. Leather and allied products was the second largest segment in the apparel and leather products market with a 40% share of the market.
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The USA was the largest country in the apparel and leather products market in 2017, accounting for almost one-fifth of the global market share, followed by China and Japan as the next largest countries in the market.
The top five competitors in the market made up nearly 9% of the total market in 2017. NIKE Inc. was the largest competitor, followed by Christian Dior SE, H&M AB, Adidas AG and VF Corp. Nike, Inc. is an American multinational corporation that is engaged in the design, development, manufacturing, and worldwide marketing and sales of footwear, apparel, equipment, accessories, and services. The company is headquartered near Beaverton, Oregon, US. It is the world’s largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment.
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