PROSPECTS AND OPPORTUNITIES
Mask demand expected to wane further
The demand for masks is anticipated to continue its steady decline over the forecast period as the majority of Canadians move away from COVID-related precautions. While masks may still see occasional usage during cold and flu seasons or during periods of poor air quality, such as the wildfires that affected several Canadian cities in 2023, they are no longer a prominent feature of daily life.
Price sensitivity shapes apparel accessories
Over the forecast period, apparel accessories in Canada is expected to return to historical growth rates, with marginal increases in value and slight declines in volume. This stabilisation follows the strong rebound experienced in 2022 and 2023, driven by renewed consumer spending and higher immigration levels.
E-commerce continues to transform apparel accessories
E-commerce is poised to remain a central pillar of the Canadian apparel accessories market, with brands and retailers continuing to enhance their online platforms to attract and retain customers. Investments in technology and user experience are driving innovation in this space, enabling consumers to shop with greater ease and convenience.
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Overview:
Understand the latest market trends and future growth opportunities for the Apparel Accessories industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Apparel Accessories industry in Canada, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Apparel Accessories in Canada report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Apparel Accessories in Canada?
- Which are the leading brands in Canada?
- How are products distributed in Canada?
- How is the rise of e-commerce shaping demand?
- What % of apparel and footwear sales are made via grocery retailers?
- Do consumers want premium quality or fast fashion?
- How will COVID-19 and recession impact demand?
- How important is sustainability in Apparel Accessories in Canada?
- Where is future growth expected to be most dynamic?
Apparel Accessories in Canada - Category analysis
KEY DATA FINDINGS
Masks decline as public awareness of COVID fades
Marginal growth for key accessories
DEI and sustainability drive product innovation
Mask demand expected to wane further
Price sensitivity shapes apparel accessories
E-commerce continues to transform apparel accessories
Apparel and Footwear in Canada - Industry Overview
Apparel and footwear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for apparel and footwear?
DISCLAIMER
The following categories and subcategories are included:
Apparel Accessories
- Belts
- Gloves
- Hats/Caps
- Scarves
- Ties
- Other Apparel Accessories
Apparel Accessories
Supplementary garments and clothing articles consisting of items as belts, scarves, gloves, hats, ties and other accessories. Knitted accessories (hats, scarves and gloves) are also included. Includes all such products designed for men, women, children, and infants. Shoes, bags and sunglasses are excluded and attributed to Footwear, Travel Goods and Sunglasses respectively.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Apparel Accessories research and analysis database.
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