Online Fashion Retail Market Report 2023 (Global Edition)

Global Online Fashion Retail Market Report 2023 talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Online Fashion Retail Industry growth. Online Fashion Retail market has been segmented with the help of its Product Type, End Use , and others. Online Fashion Retail market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

Report scope is customizable as we have a huge database of Online Fashion Retail industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.

By Product Type ,clothing segment accounted for 75.56% share of total Online Fashion Retail market in 2022.

The presence of different brands, styles, and patterns are the major factors driving the segment growth. Online shopping saves time and it also avoids the pressure of sales representatives who enforced customers to buy products in physical stores.  It also helps to save money, as e-retailors and marketers offer discounts and coupons. In addition, the company displays its whole range on a single platform which helps customers to choose brand, pattern, size, and price range with a single touch. In addition, fast delivery and easy returns are other factors gaining momentum for market growth. Thus, several advantages of online shopping platforms have fuelled the clothing segment growth in recent years.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Online Fashion Retail Industry. Request a Free Sample PDF!

By End User ,women segment accounted for 65.23% share of total Online Fashion Retail market in 2022.

The increasing number of working women and their spending capacity on apparel is the major factor to drive the online fashion retail market growth. In addition, market players are focusing on coming up with new patterns and styles to influence women which are reshaping the market growth. For example, in December 2022, fashion start-up Stumble served more than 10,000 young women followed by 20% repeat customers.

The men’s segment is anticipated to witness significant growth during the forecast period, from 2023 to 2030. In the last few years, men are becoming more conscious of current fashion trends and also getting more interested in their overall appearance and looks which is expected to upsurge the segment growth in the online fashion retail market in the upcoming years. 

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Online Fashion Retail market report 2023 Edition by contacting our team.

Europe Online Fashion Retail Market dominates the overall market:

In 2022, Europe has gained the largest market share of 45.87% in terms of revenue due to increase spending on luxury and fashionable clothing across Germany, France, and U.K. In addition, the rising demand for different styles, patterns, and brands among women is another factor that is driving the online fashion retail market growth in Europe. Further, growing disposable income and willingness to buy accessories, footwear, and clothing among customers has strengthened the market growth in this region.

Asia Pacific is expected to have strong growth during the forecast period. The increasing number of smartphone users coupled with rising internet penetration in emerging economies such as China and India are major factors to drive the online fashion market growth in the Asia Pacific region. In addition, growth in living standards, availability of a wide product range, busy lifestyle and lack of time for window shopping, and rising disposable income along with secure payment options is projected to surge the market growth in this region during the forecast period.

Region-wise, the market is analyzed across: (In case you wish to acquire a specific region or any country data then please contact us)

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

Recent Developments:

June 2022

• Aditya Birla has launched a fashion and lifestyle digital platform:

Aditya Birla has announced the new entity TMRW which aids the company to launch and backing new-age digital ventures. This venture has created India’s largest portfolio of disruptor brands in the fashion and lifestyle industry along with direct-to-consumer (D2C) growth in India which is expected to poise USD 100 Billion by 2025.

March 2022

• Walmart has launched Zeekit virtual fitting room technology:

Walmart has launched a virtual try-on tool by using machine learning technology that helps customers to see how dresses, shirts, jeans, and other clothing are looking on their bodies. In this solution, shoppers can use their own images or models that help to provide a more realistic sense of the product is how it is actually draped.  

June 2020

• Walmart has partnered with Shopify in order to expand its online marketplace business:

Walmart Inc. has done a partnership with e-commerce leader Shopify Inc. for expanding third-party marketplace sites and also grabbing more of the pandemic fuelled surge in online shopping.

Top Companies Market Share in Online Fashion Retail Industry: (In no particular order of Rank)

• Costco
• Ideel
• Eastern Mountain Sports
• Backcountry.com
• ATG Stores.com
• Gap
• CustomInk
• IKEA
• L Brands
• Amazon
• Macy's
• Walmart
• Academy Sports + Outdoors
• Factory Green
• Best Buy
• J.C. Penney
• Others
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