The number of enterprises in the UK's wearing apparel sector is forecasted to gradually increase from 3.92 thousand in 2024 to 3.94 thousand by 2028. In 2023, this figure stood at 3.91 thousand enterprises. Year-on-year variations show minimal growth, with a particularly slight increase between 2024 and 2025 and maintaining the same pace up to 2028. The compound annual growth rate (CAGR) over the five-year period is expected to be stable, reflecting a slow but steady increase in enterprise numbers within the sector.
Future trends to watch for in the wearing apparel sector include shifts towards sustainable and ethical fashion, which might impact the number of startups and existing businesses, as well as technological innovations such as digital fashion and augmented reality that could redefine consumer engagement and business models within the sector.
