Notably, the number of patent applications in the apparel industry was 1,563 in Q3 2023, versus 1,821 in the prior quarter. Filings were down 29% year-on-year and decrease 14% quarter-on-quarter. This compares to a 29% year-on-year decrease in patent grants and 14% decline in quarter-on-quarter.

Most patenting activity has been in the Shoes & Boots sector, where the number of patents filed Q2 2023 was 640, a drop of 17% versus the previous quarter. The second-largest patent count was in Clothing & Footwear (468, down 7%) and then Bags, Purses & Wallets in third (158, down 23%).

The top five companies accounted for 27% 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 287, followed by YKK with 56 and ASICS with 29.

Patenting activity was driven by the US with a 26% share of total patent filings

The largest share of patent filings in the apparel industry in Q3 2023 was in the US with 26%, followed by China (24%) and South Korea (7%). The share represented by the US was 3% higher than the 23% share it accounted for in Q2 2023.

For further understanding of GlobalData's Apparel: Patents Trends Q3 2023, buy the databook here.

16 October 2023

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