Global Fast Fashion Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Fast Fashion Market Report by The Business Research Company covers fast fashion market drivers and restraints, fast fashion market size, major players, and the impact of COVID-19 on the fast fashion market.
The fast-fashion market consists of sales of fast fashion clothing by entities (organizations, sole traders, and partnerships) that manufacture on-trend clothing and apparel. Fast fashion means garments that move quickly from the catwalk to retail to meet new trends. Fast fashion clothing collections are supported by the foremost recent fashion trends presented at fashion week runway shows or worn by celebrities.
The global fast fashion market reached a value of nearly $68,634.9 million in 2020, having decreased at a compound annual growth rate (CAGR) of -3.0% since 2015. The market is expected to grow from $68,634.9 million in 2020 to $163,468.5 million in 2025 at a rate of 19.0%. The fast-fashion market is then expected to grow at a CAGR of 5.3% from 2025 and reach $211,909.7 million in 2030.
The increasing adoption of trendy and affordable clothes by the youth population is expected to propel the growth of the fast fashion market over the coming years. The apparel manufacturing companies are therefore focusing on bringing fashion clothes from the most recent fashion trends presented in fashion week. The growing preference for affordable fast fashion clothes by the increasing youth population is boosting the fast fashion market.
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Some fast fashion market trends include investing in Virtual Reality (VR) and Augmented Reality (AR) technology in order to combine the physical and online worlds of retailing. Moreover, fast fashion companies are offering different ownership models to customers. Customers are increasingly desiring variety, sustainability, and affordability.
Global fast fashion market segments include:
1) By Gender: Male, Female
2) By Age: Adults Wear, Teens Wear, Kids Wear
3) By Type: Pants, Coat, Dresses & Skirts, Shirts, Others
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 Fast Fashion Opportunities and Strategies: Forecast To 2030 is one of a series of new reports from The Business Research Company that provides fast fashion market overviews, analyzes and forecasts market size, share, fast fashion market players, fast fashion market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The fast fashion identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Fast Fashion 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: Inditex (Zara SA), H&M Group, Fast Retailing (Uniqlo), The Gap, Inc., ASOS PLC
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 Fast Fashion 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 Fast Fashion Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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