The global apparel industry experienced an 8% decline in patent filings in Q2 2023 compared with the previous quarter. The total number of grants dropped by 33%, resulting in overall patent publications decreasing by 8.9%, according to GlobalData’s Patent Analytics. GlobalData’s Apparel Market Size, Trend Analysis, Brand Shares and Forecasts, 2021-2026 report helps discover trends, brand leaders, and growth forecasts for 2021-2026 and to gain a comprehensive view of the apparel market for informed strategies. Buy the report here.
Notably, the number of patent applications in the apparel industry was 1,655 in Q2 2023, versus 1,817 in the prior quarter. Filings were down 24% year-on-year and decrease 8% quarter-on-quarter. This compares to a 24% year-on-year decrease in patent grants and 8% decline in quarter-on-quarter.
Most patenting activity has been in the e-commerce sector, where the number of patents filed Q1 2023 was 26, a rise of 30% versus the previous quarter. The second-largest patent count was in Image Management (16, up 78%) and then Consumer Devices in third (14, up 600%).
The top five companies accounted for 23% of patenting activity
Patenting activity was driven by the US with a 23% share of total patent filings
The largest share of patent filings in the apparel industry in Q2 2023 was in the US with 23%, followed by China (22%) and South Korea (16%). The share represented by the US was 0.8% lower than the 24% share it accounted for in Q1 2023.
For further understanding of GlobalData's Apparel Market Size, Trend Analysis, Brand Shares and Forecasts, 2021-2026, buy the report here.