Insights Into The Fashion ECommerce Market’s Growth Opportunities Through 2023-2032 – Includes Fashion ECommerce Market Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The increasing use of the internet and smartphones are expected to drive innovation in fashion E-commerce manufacturing, thus driving the market during the forecast period.
The global fashion E-commerce market is expected to grow from $744.4 billion in 2022 to $821.19 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The global fashion e-commerce market size is expected to grow to $1,222.32 billion in 2027 at a CAGR of 10.5%.
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Global fashion E-commerce Market Segments Include:
- By Product: Apparel/Clothing, Accessories, Footwear, Cosmetics, Other Products
- By End User: Men, Women, Children
- By Model Type: Business to Business (B2B), Business to Consumer (B2C)
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global fashion E-commerce market in 2021.
Major Market Players in the fashion E-commerce market include Amazon, Flipkart, Alibaba, Snapdeal, eBay, Myntra, ShoClues, AliExpress, HomeShop18, and Jabong.
Technological innovations are a leading trend in the fashion e-commerce industry. Companies dealing in the market are adopting new technologies such as artificial intelligence (AI), barcode scanners, virtual reality outfits, and e-commerce automation tools that offer highly personalized and relevant consumer experiences. Moreover, many fashion companies are launching new apps to sell their products online in order to reach a large consumer base. For instance, in April 2022, The Folklore Group, a New York-based fashion e-commerce startup launched ‘The Folklore Connect’. The new offering is a fashion B2B wholesale platform to connect brands in emerging markets to bulk retailers in North America and Europe.
The Fashion ECommerce Global Market Report 2023 provides a fashion E-commerce market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The fashion E-commerce market forecast analyzes fashion E-commerce market size, fashion E-commerce market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Fashion E-commerce is the online buying and selling of clothing and accessories. Fashion goods include fashion accessories, clothes, shoes, bags, jewelry, cosmetics, and other luxury goods.
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