The global revenue for the T-Shirts category is expected to be US$ 41,213 million in 2021, with an anticipated increase in the Compound Annual Growth Rate (CAGR)Â by 6.48 percent each year (CAGR 2021-2026).
Volume in the T-Shirts category is anticipated to reach 7,993.17 million units by 2026. In 2022, the T-Shirts category is anticipated to expand by 11.9 percent in volume.
With growing disposable income and a fast-shifting trend for personalised t-shirts, the t-shirt industry is anticipated to develop significantly. Furthermore, technological developments have resulted in the creation of sophisticated inkjet heads that are compatible with a wide range of inks from various providers. Furthermore, fine embroideries with a quicker output rate have advanced substantially. This development bodes well for the market’s overall growth. The industry has been orienting its research and development operations in response to the dynamic nature of fashion trends, which need shorter manufacturing cycles and high-quality printing.
The cotton segment led the worldwide t-shirt market in terms of material in 2021. In the same year, the category accounted for more than half of the worldwide T-shirt market revenue. Cotton is the most commonly used and recommended fabric for t-shirts since it is excellent for everyday use.
The global t-shirt market is extremely fragmented due to the presence of a large number of multinational as well as local competitors. Furthermore, due to the existence of a large number of suppliers in the industry, the entire market has become very competitive over time. Because consumer trends differ between areas, businesses place a premium on developing region-specific tactics in order to recruit and expand a broader customer base.
In terms of value, the top t-shirt importing markets in the world were the United States ($5.1 billion), Germany ($3.9 billion), and the United Kingdom ($2.3 billion), accounting for 32% of total global imports. These nations were followed by France, Japan, Spain, Italy, the Netherlands, Poland, South Korea, Australia, Canada, and Mexico, which accounted for a further 34%.
