The global t-shirt market was $134.0 Bn in 2020, and it is highly expected to reach $230.1 Bn by 2030. It is eventually growing at a commendable high compound annual growth rate CAGR of 5.6% between 2020-2030. The current pandemic of COVID-19 might make a slight difference in the growth rate. However, the higher amount of purchasing of the global industry itself expected to boost the high demand in terms of improving the quality of the materials. The popularity of using t-shirts as well as customized t-shirts is eventually playing a significant role in the market itself. Apart from that, the high rise of using t-shirts as well as customized t-shirts using by the young generation is further estimated to make a lot of growth for the market over the forecast period of 2020-2030.
Global T-shirt Segment Is Estimated To Witness Remarkable Growth
Source: SAI Research
The T-shirt market has been segmented based on type, ink material, and material type. The competition is becoming high, and it is getting tough to challenge the t-shirt market in terms of the advancement in technology such as variety inject heads and links from different suppliers. According to the past analyzation also the future predicting, this market will gain enough profit because of the variety it is providing to the new age people. Hence, people are moving towards a different pattern, regular wear and of course, customized t-shirt. All of these factors will be increasing the growth at any stage, and the demand for this will never stop, and eventually, it will turn into the best option for everyday wear purpose. Everything will play a major role in the global t-shirt market to reach the ultimate goal during the forecast period.
North America Is Holding The Market Share By Region
Global t-shirt market has been geographically segmented into Europe, Asia Pacific, Latin America, and the Middle East region. However, the largest share of the market is held by North America and Europe. The reasons can be many, but one of the reasons would always be finding new designs and patterns. Asia-Pacific region is estimated to have a slow but promising growth over the projection period. Latin America and the Middle East are estimated to witness steady growth during the period owing to the rise of usage t-shirts. Hence, the new designs and the customization will fuel behind the growth during 2020-2030.
Major Players In T-shirt Market
Key players profiled in the report include CustomInk LLC, Vistaprint B.V., Threadbird LLC, Printful LLC, CafePress Inc., Nike Inc., Adidas AG, Levi Strauss & Co., Tommy Hilfiger, and others.
Global T-shirt Market Has Been Segmented Into:
GLOBAL T-SHIRT MARKET, BY TYPE
GLOBAL T-SHIRT MARKET, BY INK MATERIAL
GLOBAL T-SHIRT MARKET, BY MATERIAL TYPE
GLOBAL T-SHIRT MARKET, BY GEOGRAPHY