The Global Fashion E-Commerce Market Report by The Business Research Company covers fashion e-commerce market drivers and restraints, fashion e-commerce market size, major players, and the impact of COVID-19 on the fashion e-commerce market.
The fashion e-commerce market consists of sales of fashion goods and its related services through online channels by entities (organizations, sole traders or partnerships) that that are primarily involved in retailing fashion goods through e-commerce. Fashion goods include fashion accessories, clothes, shoes, bags, jewelry, cosmetics, and other luxury goods.
The global fashion e-commerce market reached a value of nearly $549,550.39 million in 2020, having increased at a compound annual growth rate (CAGR) of 7.7% since 2015. The market is expected to grow from $549,550.39 million in 2020 to $929,378.49 million in 2025 at a rate of 11.1%. The growth is mainly due to the increasing awareness about e-commerce among the population and increase in mobile phone usage which is expected to drive the demand for fashion e-commerce. The fashion e-commerce market is expected to grow from $929,378.49 million in 2025 to $1,896,829.88 million in 2030 at a CAGR of 15.3 %.
The fashion e-commerce market was driven by rapid growth in online mode of payments such as net-banking and E-wallets in the historic period. The market growth was aided by increased mobile internet penetration, pervasive adoption of online payment applications and introduction of new safer online payment technologies such as e-wallets and other applications.
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Some fashion e-commerce market trends include building personalized experiences for buyers with artificial intelligence-enabled virtual assistants. AI-enabled virtual assistants are software programs with algorithms designed to stimulate conversations with human users over the internet. Moreover, augmented reality technologies are being widely used by fashion e-commerce companies to enhance the buying experience of customers.
Global fashion e-commerce market segments include:
1) By Product: Apparel/Clothing, Accessories, Footwear, Cosmetics, Others
2) By Model Type: Business to Business (B2B), Business to Consumer (B2C)
3) By End User: Men, Women, Children
4) By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Fashion E-Commerce Opportunities And Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides fashion e-commerce market overviews, analyzes and forecasts market size, share, fashion e-commerce market players, fashion e-commerce market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The fashion e-commerce identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Fashion E-Commerce Opportunities And Strategies: Forecast To 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Amazon, Zalando, Alibaba, eBay, Flipkart
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Fashion E-Commerce Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Fashion E-Commerce Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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