DUBLIN--(BUSINESS WIRE)--The "Fashion E-Commerce Global Market COVID 19 Opportunities and Strategies to 2030: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
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 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 consists of sales of fashion goods and its related services through online channels by entities (organizations, sole traders or partnerships) that are primarily involved in retailing fashion goods through e-commerce. Fashion goods include fashion accessories, clothes, shoes, bags, jewellery, cosmetics, and other luxury goods.
Growth in the historic period resulted from increase in online mode of payment, rise in disposable income, increased internet penetration and low interest rate environment. Factors that negatively affected growth in the historic period were increased raw material cost and privacy and security concerns regarding the online data.
Going forward, increasing new payment modes, rising awareness about e-commerce, global economic growth, increasing mobile phone penetration, changing customer preferences, and rapid urbanization will drive the growth. Factors that could hinder the growth of the fashion e-commerce market in the future include growing privacy concerns, reduction in free trade, and rising concerns over the quality of the product.
The fashion e-commerce market is segmented by product into apparel/clothing, accessories, footwear, cosmetics, and others. The apparel/clothing market was the largest segment of the fashion e-commerce market segmented by product, accounting for 54.3% of the total in 2020. Going forward, the accessories segment is expected to be the fastest growing segment in the fashion e-commerce market, at a CAGR of 15.2% during 2020-2025.
The fashion e-commerce market is also segmented by end-user into men, women, and kids. The women market was the largest segment of the fashion e-commerce market segmented by end-user, accounting for 53.9% of the total in 2020. Going forward, the men segment is expected to be the fastest growing segment in the fashion e-commerce market, at a CAGR of 12.3% during 2020-2025.
The fashion e-commerce market is also segmented by model type into business to business (B2B) and business to consumer (B2C). The business to consumer (B2C) market was the largest segment of the fashion e-commerce market segmented by model type, accounting for 85.4% of the total in 2020. Going forward, the business to consumer (B2C) segment is expected to be the fastest growing segment in the fashion e-commerce market, at a CAGR of 11.5% during 2020-2025.
Asia Pacific was the largest region in the global fashion e-commerce. market, accounting for 32.0% of the total in 2020. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the fashion e-commerce market will be the South America and Middle East, where growth will be at CAGRs of 16.7% and 15.7% respectively during 2020-2025. These will be followed by Africa and Eastern Europe, where the markets are expected to grow at CAGRs of 13.1% and 12.1% respectively.
The global fashion e-commerce market is fragmented, with large number of players. The top ten competitors in the market made up to 12.1% % of the total market in 2019. Major players in the market include Amazon, Zalando, Alibaba, eBay, Flipkart, ASOS, Stitch Fix, Boohoo.com, Global Fashion Group, and Farfetch.
Key Topics Covered:
1. Fashion E-Commerce Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
6.1. Segmentation By Geography
6.2. Segmentation By Product
6.3. Segmentation By Model Type
6.4. Segmentation By End-User
7. Fashion E-Commerce Market Characteristics
7.1. Market Definition
7.2. Market Segmentation By Product Type
7.2.1. Apparel/ Clothing
7.2.2. Accessories
7.2.3. Footwear
7.2.4. Cosmetics
7.2.5. Others
7.3. Market Segmentation By End-User
7.3.1. Men
7.3.2. Women
7.3.3. Kids
7.4. Market Segmentation By Model Type
7.4.1. Business To Business (B2B)
7.4.2. Business To Consumer (B2C)
8. Fashion E-Commerce Market Trends Strategies
8.1. Artificial Intelligence (AI) Powered Virtual Assistants
8.2. Use Of Augmented Reality
8.3. Social Media Marketing
8.4. Sustainable Ethical Fashion
8.5. Increase In Acquisition Activity Among Fashion E-Commerce Market Players
9. Impact Of COVID-19 On The Fashion E-Commerce Market
9.1. Increase In Demand
9.2. Spur In Sales Of Online Fashion Retailers
9.3. Impact On Companies
9.4. Impact On The Supply Chain
10. Global Fashion E-Commerce Market Size Growth
10.1. Market Size
10.2. Historic Market Growth, 2015 - 2020, Value ($ Million)
10.2.1. Drivers Of The Market 2015 - 2020
10.2.2. Restraints On The Market 2015 - 2020
10.3. Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
10.3.1. Drivers Of The Market 2020 - 2025
10.3.2. Restraints On The Market 2020 - 2025
11. Global Fashion E-Commerce Market Segmentation
11.1. Global Fashion E-Commerce Market, Segmentation By Product, Historic Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
11.1.1. Apparel/Clothing
11.1.2. Accessories
11.1.3. Cosmetics
11.1.4. Footwear
11.1.5. Others
11.2. Global Fashion E-Commerce Market, Segmentation By End-User, Historic Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
11.2.1. Women
11.2.2. Men
11.2.3. Children
11.3. Global Fashion E-Commerce Market, Segmentation By Model Type, Historic Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
11.3.1. B2C E-Commerce
11.3.2. B2B E-Commerce
12. Fashion E-Commerce Market, Regional Country Analysis
12.1. Global Fashion E-Commerce Market, By Region, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
12.2. Global Fashion E-Commerce Market, By Country, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
Companies Mentioned
- Amazon
- Zalando
- Alibaba
- eBay
- Flipkart
For more information about this report visit https://www.researchandmarkets.com/r/gc9ou0
