The transition to online shopping and hybrid work models has had a major impact on the fashion industry, accelerating the use of home delivery services and e-commerce platforms. Additionally, exports strengthen the sector, establishing it as a key player in global trade. The global apparel market is projected to grow at a CAGR of 4.1% from 2024 to 2030.
Furthermore, millennials are among the fastest-growing consumer groups in the luxury fashion market. Being tech-savvy and having grown up in the age of mobile technology, they are deeply immersed in the omnichannel experience. Therefore, the global luxury fashion market is projected to grow at a CAGR of 5.8% by 2032.
