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Dublin, March 26, 2024 (GLOBE NEWSWIRE) — “Apparel Logistics: Market Share Analysis, Industry Trends & Statistics, Growth Forecast 2020-2029” has been added to the ResearchAndMarkets. com offering.
The global apparel logistics market is expected to show expansion, with an expected valuation of $191. 35 billion through 2029, up from its estimated length of $138. 62 billion in 2024. This remarkable expansion forecasts a compound annual expansion rate (CAGR) of 6. 66%. during the 2024-2029 era.
Market expansion driven through replenishment cycles
One of the critical points driving the apparel logistics market is the speed of the industry’s replenishment cycles. With the desire to keep up with the latest fashion trends and offer an exceptional experience to visitors, chain stores and brands face fierce competition. This has led to clothing companies facing increasingly demanding situations due to the conversion of customer expectations and the redesign of ordering models.
Adapting to e-commerce and customer engagement
Given the immediate increase in online clothing sales, industry players are focusing on expanding e-commerce, mobile grocery shopping platforms, and visitor personalization. Amid those shifts in customer behavior, significant traffic to online pages and the rise of immediate online fashion retail platforms imply a significant shift towards virtual marketplaces.
Apparel Market Boom Drives Logistics Growth
The steady accumulation of profits in the apparel industry market highlights the role of this sector in the expansion of logistics. With ambitious localization projects targeting a younger population in the regions, the dynamism of the sector is intensifying. In particular, primary sportswear and footwear brands are moving their production to emerging markets in Southeast Asia, providing promising customers for third-party transportation and logistics providers.
Structure of the Garment Logistics Industry
The clothing logistics market is characterized by a combination of large foreign entities and local small and medium-sized companies. The leading players have a very large market share as they strive to meet market demands through committed retail and apparel logistics divisions. As e-commerce sales continue to increase, logistics corporations face demanding opportunities and situations when it comes to warehousing, delivery speeds, and more. While global logistics entities are investing in warehousing and distribution centers to thrive in this scenario, regional and local players are finding customized responses to meet the demands of brands and retailers. The observed trends and analyzed insights reinforce the industry’s need for complex logistics responses that adapt to the immediate speed of fashion and growing customer momentum towards online food purchasing platforms. The data presented here reflects the existing prestige and long-term potential of the clothing logistics market, indicating its overall suitability and growing importance to the clothing industry and the logistics sector in general. A variety of corporations analyzed in this report include
Ceva Logistics
DB Schenker
Deutsche Post DHL Group
DSV
Hellmann Global Logistics
Garment Logistics Group Inc.
Logwin AG
PVS Fulfilment-Service GmbH
Bolloré Logistics
GAC Group
Japanese Express
Genex Logistics
Expeditors International of Washington Inc.
Logistics Agility
BGROUP SRL*
For more information on this report, https://www. researchandmarkets. com/r/ys973w
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