Online Apparel Retail Market was valued at US$ 735.76 Bn. in 2022. Global Online Apparel Retail Market size is expected to grow at a CAGR of 18.07 % through the forecast period.Online Apparel Retail Market Overview:
Online retail is the sale of products and services over the internet using e-commerce platforms. Online apparel retail includes the sale of clothing through e-commerce or online platforms rather than traditional brick-and-mortar stores. Online clothing retailers display their items on respective websites or through mobile applications. It contains both B2B and B2C sales channels for products. Apparel, clothes, and accessories are all sold at this kind of store. Some significant reasons driving the online apparel retailing market include the increasing use of smartphones and the introduction of a large number of online apparel retailers that provide a diverse range of items. Consumers like the ease of buying from the comfort of their own homes or any other place of their choice, which is good for online apparel retail sales.To know about the Research Methodology :- Request Free Sample Report
Online Apparel Retail Market Dynamics:
Market Drivers: Increased Digitization: Increased digitization and increased digital literacy rate are the main factors that are driving the Online Apparel Retail Market. Nowadays, with internet access and smart devices, users have practically everything at their fingertips. The most important factor driving the Online Apparel Retail Market is an advanced technology that allows customers to shop for retail clothing at their convenience as long as they have access to the internet and smart gadgets. The shift to internet buying has replaced traditional physical store shopping. Option of “Buy-Now-Pay-Later”: More and more ecommerce apparel businesses are offering buy-now-pay-later (BNPL) services. Luxury brands have also increased dramatically in the previous year, with leading fashion brands like Finettchi and Gucci now providing customers the option of postponing payment. This is increasing the Online Apparel Retail Market. People use the buy-now-pay-later services to avoid paying credit card interest and to purchase items that are out of their budget. This factor is driving the Online Apparel Retail Market. Lowered labour and personnel expenses: Because there is no need for actual interaction in online retailers, there is no need for labour or people, which lowers seller expenses. Another cost decrease for sellers is the elimination of the requirement for a physical store, which saves them money on rent. Many businesses have recently closed physical locations since the majority of their sales are now made online. Market Restraints: Unfavourable consumer attitudes during the pandemic: Due to the coronavirus epidemic, retail therapy has taken a back seat. Due to negative customer sentiment, online apparel companies are losing a lot of money. The COVID-19 epidemic is affecting online apparel sales from fashion firms dealing in jeans to shoe companies. That's because the global economy is in a recession as a result of a lack of free income flow. The requirement to purchase just essential products during the lockdown period contributes to negative customer sentiment about online apparel. Lack of physical verification while shopping: Consumers are unable to see what they are purchasing and are often not satisfied with the received product. The exchange and return processes for Online Apparel Retail Market are time-consuming. This is a restraining factor for Online Apparel Retail Market. Market Opportunities: Use of Artificial Intelligence (AI): Artificial intelligence (AI) is common in almost every sector, including the online apparel market. AI-enabled shopping applications assist customers in making the appropriate fashion decisions. Machine learning (ML) algorithms are being used by e-commerce giants like Amazon and Walmart to monitor sales trends and analyse the different dynamics of the online apparel retail market. Stitch Fix, an online personal style service, has similarly prioritized AI-assisted fashion to create a better consumer experience. ML algorithms are now used by players in the online apparel market to improve supply chains. Brands are using AI and data capabilities to better understand their customers' buying habits and preferences. The companies that use Artificial intelligence will have more opportunities for growth in the online apparel retail market. In August 2022, Stars Design Group, an American apparel design, and production firm announced the purchase of INSPR, a New York-based apparel brand that produces limited-edition collections from its network of influencers. The acquisition sets up a new collaboration under the INSPR brand and increases its offerings to include design, production, brand development, marketing services, e-commerce, and brick-and-mortar growth. Gap Inc. purchased eCommerce start-up, Draper, in August 2022 as part of the company's growing focus on digital sales. This effort enabled the garment shop from San Francisco to achieve its greatest second-quarter sales in a decade.Online Apparel Retail Market Segment Analysis:
Based on Type, The Premium segment dominated the Online Apparel Retail market with a 49% market share. Consumers nowadays feel comfortable purchasing even premium things online, because the premium word itself gives an idea about the quality of the product. In case they're not satisfied with the final received product, they can always return the item.Based on the End User, The Men segment dominated the market with a 41% market share in 2022. This is due to changes in lifestyle, a more cosmopolitan culture, and increased exposure to the latest trends.
Online Apparel Retail Market Regional Insights:
The North America region dominated the market with a 38 % share in 2022. Canadian apparel manufacturers have shifted their focus to specialty markets, developing and producing sportswear and protective clothing. In order to adapt to fast-changing retail trends and manufacture high-end apparel, some multinational companies who have off-shored their apparel manufacturing to save money are also running short-run and restocking facilities in the region. Leading apparel manufacturers are implementing innovative technology and automation throughout the supply chain to stay competitive in the global market. The sector is increasingly adopting digital technology, which includes the development of an Omni or multichannel sales approach. The Asia-Pacific region is expected to witness significant growth at a CAGR of 15.7 % through the forecast period. Because of the huge population, there is an increased demand in this region. The region's growing middle-class population, which is increasingly using digital technology for everyday activities, is favourable to the growth of the region's online apparel retail market. The convenience of online buying, as well as the wide variety of apparel to meet various budgets and doorstep delivery, make online apparel purchases attractive. The objective of the report is to present a comprehensive analysis of the global Online Apparel Retail Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Online Apparel Retail Market dynamic, structure by analyzing the market segments and projecting the Online Apparel Retail Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Online Apparel Retail Market make the report investor’s guide.Online Apparel Retail Market Scope: Inquire before buying
Global Online Apparel Retail Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 735.7 Bn. Forecast Period 2023 to 2029 CAGR: 18.07% Market Size in 2029: US $ 2353.5 Bn. Segments Covered: by Type • Premium • Economy • Low by End User • Men • Women • Children Online Apparel Retail Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Online Apparel Retail Market, Key Players are:
• Alibaba Group • Amazon • American Apparel Inc. • Benetton Group • Cotton On Group • Diesel • Dolce & Gabbana • Levi Strauss • Rakuten • Giordano International Limited • JD.com • Walmart Inc. • The Gap, Inc Frequently Asked Questions: 1] What segments are covered in the Global Online Apparel Retail Market report? Ans. The segments covered in the Online Apparel Retail Market report are based on Type and End User. 2] Which region is expected to hold the highest share in the Global Online Apparel Retail Market? Ans. The North America region is expected to hold the highest share in the Online Apparel Retail Market. 3] What is the market size of the Global Online Apparel Retail Market by 2029? Ans. The market size of the Online Apparel Retail Market by 2029 is expected to reach US$ 2353.5 Bn. 4] What is the forecast period for the Global Online Apparel Retail Market? Ans. The forecast period for the Online Apparel Retail Market is 2023-2029. 5] What was the market size of the Global Online Apparel Retail Market in 2022? Ans. The market size of the Online Apparel Retail Market in 2022 was valued at US$ 735.7 Bn.
1. Online Apparel Retail Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Online Apparel Retail Market: Dynamics 2.1. Online Apparel Retail Market Trends by Region 2.1.1. North America Online Apparel Retail Market Trends 2.1.2. Europe Online Apparel Retail Market Trends 2.1.3. Asia Pacific Online Apparel Retail Market Trends 2.1.4. Middle East and Africa Online Apparel Retail Market Trends 2.1.5. South America Online Apparel Retail Market Trends 2.2. Online Apparel Retail Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Online Apparel Retail Market Drivers 2.2.1.2. North America Online Apparel Retail Market Restraints 2.2.1.3. North America Online Apparel Retail Market Opportunities 2.2.1.4. North America Online Apparel Retail Market Challenges 2.2.2. Europe 2.2.2.1. Europe Online Apparel Retail Market Drivers 2.2.2.2. Europe Online Apparel Retail Market Restraints 2.2.2.3. Europe Online Apparel Retail Market Opportunities 2.2.2.4. Europe Online Apparel Retail Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Online Apparel Retail Market Drivers 2.2.3.2. Asia Pacific Online Apparel Retail Market Restraints 2.2.3.3. Asia Pacific Online Apparel Retail Market Opportunities 2.2.3.4. Asia Pacific Online Apparel Retail Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Online Apparel Retail Market Drivers 2.2.4.2. Middle East and Africa Online Apparel Retail Market Restraints 2.2.4.3. Middle East and Africa Online Apparel Retail Market Opportunities 2.2.4.4. Middle East and Africa Online Apparel Retail Market Challenges 2.2.5. South America 2.2.5.1. South America Online Apparel Retail Market Drivers 2.2.5.2. South America Online Apparel Retail Market Restraints 2.2.5.3. South America Online Apparel Retail Market Opportunities 2.2.5.4. South America Online Apparel Retail Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Online Apparel Retail Industry 2.8. Analysis of Government Schemes and Initiatives For Online Apparel Retail Industry 2.9. Online Apparel Retail Market Trade Analysis 2.10. The Global Pandemic Impact on Online Apparel Retail Market 3. Online Apparel Retail Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 3.1.1. Premium 3.1.2. Economy 3.1.3. Low 3.2. Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 3.2.1. Men 3.2.2. Women 3.2.3. Children 3.3. Online Apparel Retail Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Online Apparel Retail Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 4.1.1. Premium 4.1.2. Economy 4.1.3. Low 4.2. North America Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 4.2.1. Men 4.2.2. Women 4.2.3. Children 4.3. North America Online Apparel Retail Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 4.3.1.1.1. Premium 4.3.1.1.2. Economy 4.3.1.1.3. Low 4.3.1.2. United States Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 4.3.1.2.1. Men 4.3.1.2.2. Women 4.3.1.2.3. Children 4.3.2. Canada 4.3.2.1. Canada Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 4.3.2.1.1. Premium 4.3.2.1.2. Economy 4.3.2.1.3. Low 4.3.2.2. Canada Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 4.3.2.2.1. Men 4.3.2.2.2. Women 4.3.2.2.3. Children 4.3.3. Mexico 4.3.3.1. Mexico Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 4.3.3.1.1. Premium 4.3.3.1.2. Economy 4.3.3.1.3. Low 4.3.3.2. Mexico Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 4.3.3.2.1. Men 4.3.3.2.2. Women 4.3.3.2.3. Children 5. Europe Online Apparel Retail Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 5.2. Europe Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 5.3. Europe Online Apparel Retail Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 5.3.1.2. United Kingdom Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 5.3.2. France 5.3.2.1. France Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 5.3.2.2. France Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 5.3.3.2. Germany Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 5.3.4.2. Italy Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 5.3.5.2. Spain Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 5.3.6.2. Sweden Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 5.3.7.2. Austria Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 5.3.8.2. Rest of Europe Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 6. Asia Pacific Online Apparel Retail Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 6.2. Asia Pacific Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 6.3. Asia Pacific Online Apparel Retail Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 6.3.1.2. China Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 6.3.2.2. S Korea Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 6.3.3.2. Japan Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 6.3.4. India 6.3.4.1. India Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 6.3.4.2. India Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 6.3.5.2. Australia Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 6.3.6.2. Indonesia Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 6.3.7.2. Malaysia Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 6.3.8.2. Vietnam Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 6.3.9.2. Taiwan Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 6.3.10.2. Rest of Asia Pacific Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 7. Middle East and Africa Online Apparel Retail Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 7.2. Middle East and Africa Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 7.3. Middle East and Africa Online Apparel Retail Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 7.3.1.2. South Africa Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 7.3.2.2. GCC Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 7.3.3.2. Nigeria Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 7.3.4.2. Rest of ME&A Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 8. South America Online Apparel Retail Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 8.2. South America Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 8.3. South America Online Apparel Retail Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 8.3.1.2. Brazil Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 8.3.2.2. Argentina Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Online Apparel Retail Market Size and Forecast, by Type (2022-2029) 8.3.3.2. Rest Of South America Online Apparel Retail Market Size and Forecast, by End User (2022-2029) 9. Global Online Apparel Retail Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Online Apparel Retail Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Alibaba Group 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Amazon 10.3. American Apparel Inc. 10.4. Benetton Group 10.5. Cotton On Group 10.6. Diesel 10.7. Dolce & Gabbana 10.8. Levi Strauss 10.9. Rakuten 10.10. Giordano International Limited 10.11. JD.com 10.12. Walmart Inc. 10.13. The Gap, Inc 11. Key Findings 12. Industry Recommendations 13. Online Apparel Retail Market: Research Methodology 14. Terms and Glossary