According to Mordor Intelligence, the apparel logistics market is projected to reach US $ 191.35 billion by 2029.
At present, the apparel logistics market size is estimated to be US $ 138.62 billion in 2024, which may grow at a CAGR of 6.66 per cent during the forecast period (2024-2029).
The market’s growth is primarily fueled by the rapid replenishment cycles in the apparel industry. Intense competition within apparel supply chains, extending from retailers to manufacturers, aims to stay ahead in delivering the latest trends and ensuring an optimal customer experience.
However, the sector faces challenges due to evolving consumer expectations and shifts in fulfillment models, says the analysis.
In 2024, the Asia Pacific accounts for the largest market share (32 per cent) in the apparel logistics market, followed by Europe with 30 per cent and North America with 29 per cent of the market size.
The analysis further states that Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).