Global Streetwear Market Insights Forecasts to 2033

• The Global Streetwear Market Size was Valued at USD 193.88 Billion in 2023
• The Market Size is Growing at a CAGR of 3.49% from 2023 to 2033
• The Worldwide Streetwear Market Size is Expected to Reach USD 273.15 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Streetwear Market Size is Anticipated to Exceed USD 273.15 Billion by 2033, Growing at a CAGR of 3.49% from 2023 to 2033.  

Market Overview

Streetwear is a casual, functional, and comfortable fashion trend that frequently incorporates striking colors, patterns, and cuts. Streetwear is a subset of casual wear that has strong pop culture influences. One of the most striking fashion trends of the recent several generations is streetwear. It's about creating, marketing, and selling casual clothing in a way that extends above conventional storefronts. Customers utilize a variety of streetwear products to mimic mark. The primary market for streetwear is fashion collectors. Streetwear is becoming more widely available online, expanding both the manufacturer's and consumer base's reach. The market is driven by an increase in demand for stylish casual wear. Several new customers have been attracted to the market. Due to the rise in social occasions where people like dressing up and looking stylish, there has been a rise in market demand.   

Report Coverage

This research report categorizes the streetwear market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the streetwear market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the streetwear market.

Driving Factors

The consumer personality and way of life are reflected in the accessories, sneakers, and apparel. Due to this, consumers are putting more and higher-quality demands on the streetwear market. Streetwear has become a growing trend, which has encouraged producers to create more stylish products. The streetwear market is expanding due to the availability of iced wine on internet platforms. The market expansion is largely driven by the division of products into several types and categories. Positive demographics, growing per capita income, and a movement in customer preferences toward branded products are additional factors driving the growth in the streetwear market.     

Restraining Factors

Customers decide on alternatives that are always changing, and the market could not be able to keep up with their constantly developing needs. This can lead to a discrepancy between supply and demand which can restrict the streetwear market.

Market Segmentation

The streetwear market share is classified into type and application.  

• The sneakers segment is estimated to hold the largest market revenue share through the projected period.   

Based on the type, the streetwear market is classified into sneakers, clothing, accessories, and others. Among these, the sneakers segment is estimated to hold the largest market revenue share through the projected period. Sneakers have a strong connection to street culture, sports, and music, which affects customer behavior and fashion trends. Technology is being used increasingly in sneakers to improve comfort and performance while combining both style and function. 

• The online segment is anticipated to hold the largest market share through the forecast period.

Based on the application, the streetwear market is divided into online & offline. Among these, the online segment is anticipated to hold the largest market share through the forecast period. Growth in e-commerce and the popularity of purchasing online has increased customer access to a large selection of limited-edition releases and brands.   

Regional Segment Analysis of the Streetwear Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the streetwear market over the predicted timeframe.

North America is anticipated to hold the largest share of the streetwear market over the predicted timeframe. In the North America region, one of the key drivers is the increased demand for stylish products by the vast population.  Streetwear is produced in this region by several sectors, which affects market demand.  The market is also driven by the propensity of the people in this region to spend more due to an increase in their disposable income, and the enumerative potential in this sector further promotes investments in the streetwear market.    

Asia Pacific is expected to grow at the fastest CAGR growth of the streetwear market during the forecast period. The streetwear regions are Asia-Pacific, especially in China and India. Various government efforts targeted at promoting the textile sector assist China's clothing market. The 14th five-year plan of the China National Textile and Clothing Council (CNTAC) was released, defining priorities, growth strategies, and development goals for the textile and clothing sector.    

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the streetwear market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Vetements
• NOAH
• Adidas
• Undefeated
• KingsCraft Online Brands
• Stussy
• CARHARTT WIP
• HERON PRESTON
• Nike
• WTAPS
• Bape 
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In June 2024, KingsCraft Online Brands Private Limited launched the streetwear apparel label "Underrated Club." In a news release, the company said that Underrated Club, co-founded by creative entrepreneurs Abhishek Teri and Kartik Anand, seeks to reinvent the e-commerce and retail industry by providing streetwear that embraces originality, uniqueness, and authenticity for Indian consumers.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the streetwear market based on the below-mentioned segments: 

Global Streetwear Market, By Type

• Clothing
• Sneakers
• Accessories
• Others

Global Streetwear Market, By Application

• Online
• Offline

Global Streetwear Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa