The global apparel industry experienced a 22% decline in patent filings in Q3 2024 compared with the previous quarter. The total number of grants dropped by 19%, resulting in overall patent publications decreasing by 22.7%, according to GlobalData’s Patent Analytics. GlobalData’s databook Apparel: Patents Trends Q3 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of patent applications in the apparel industry was 1,461 in Q3 2024, versus 1,890 in the prior quarter. Filings were down 25% year-on-year and decrease 22% quarter-on-quarter. This compares to a 25% year-on-year decrease in patent grants and 22% decline in quarter-on-quarter.
Most patenting activity has been in the Shoes & Boots sector, where the number of patents filed Q2 2024 was 579, a drop of 22% versus the previous quarter. The second-largest patent count was in Clothing & Footwear (381, down 21%) and then Bags, Purses & Wallets in third (126, down 13%).
The top five companies accounted for 22% of patenting activity
Analysis of patenting activity by companies shows that the largest number of patents filed over the last quarter was by NIKE with 198, followed by YKK with 42 and Pfanner Schutzbekleidung with 26.
Patenting activity was driven by the US with a 31% share of total patent filings
The largest share of patent filings in the apparel industry in Q3 2024 was in the US with 31%, followed by China (18%) and Japan (8%). The share represented by the US was 7% higher than the 24% share it accounted for in Q2 2024.
For further understanding of GlobalData's Apparel: Patents Trends Q3 2024, buy the databook here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
