USD 595.76 million
Report ID:
SQMIG25K2053 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
36
|Figures:
76
E-commerce Apparel Market size was valued at USD 645.21 Million in 2023 and is poised to grow from USD 698.76 Million in 2024 to USD 1322.38 Million by 2032, growing at a CAGR of 8.3% during the forecast period (2025-2032).
The increasing demand for garment products on e-commerce platforms from developed nations like Europe and North America might be credited for this. The expansion is also attributed to changing fashion trends, an increase in the number of working women, an increase in the female population, and the increased purchasing power of consumers. Additionally, the market's ongoing product advancements and rising living standards will increase demand. Rising celebrity and social media impact are further factors pushing clothes producers to continually release new styles and patterns. During the projected period, these factors are anticipated to propel the apparel industry via e-commerce platforms.
Growing consumer knowledge of the goods' availability, including boot cut, high rise, cropped, skinny, tapered, and normal fit jeans, is another factor driving the market's increase. Online sales of the clothing significantly increased during the outbreak. On the other hand, in-store sales decreased at the height of the pandemic and continued to be lower than they were before to COVID-19. Clothes stores were subject to social distancing measures, which had an impact on consumer purchasing behavior in developed nations like the U.S. and the U.K. As a result, less individuals visited brick-and-mortar clothes stores during the epidemic, which led to an increase in internet sales.
Global Market Size
USD 595.76 million
Largest Segment
Women’s Apparel
Fastest Growth
Women’s Apparel
Growth Rate
8.3% CAGR
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Global E-commerce Apparel Market is segmented based on Type and region. Based on Type the market is segmented into Women’s Apparel, Men’s Apparel, Children Apparel. Based on region the global E-commerce Apparel Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Type
According to type, women's apparel accounted for the biggest portion of global revenue in 2021, or 68.5%. Increased expenditure on clothing due to an increase in the number of working women is anticipated to boost category growth in the upcoming years. Additionally, because of the increasing participation of women in the workforce, the main manufacturers in this market are focusing on the introduction of new designs and styles in formal wear. For instance, Travis Mathew introduced the company's first-ever women's clothing line in May 2022. The new line is a bridge between comfort and fashion that elevates the casualization trend for women who juggle multiple responsibilities.
The men's apparel market is expected to grow significantly over the course of the forecast period. Men are getting more concerned with how they look and present themselves in general, and they are also becoming more conscious of current fashion trends. A study conducted in 2021 by Ad Glow revealed that men between the ages of 25 and 49 made up the majority of online shoppers.
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The demand for clothing purchased online in North America is being driven by an increase in the number of people who are aware of their alternatives for fashionable and cozy clothing. Men in the area are gradually becoming more knowledgeable about the newest trends in clothing. As a result, it is projected that this will improve manufacturers' market potential. Rising disposable income levels are also anticipated to increase garment consumption through e-commerce channels and fuel market expansion in the future, particularly in attractive nations like the U.S. and Canada.
The Asia Pacific region is expected to see the quickest growth in terms of e-commerce apparel due to the increasing demand for clothing and footwear in countries like China, Japan, and India. Additionally, the widespread availability of 4G and the expanding adoption of smartphones have led to an increase in mobile internet usage. The increase in smartphone and mobile internet subscriptions is anticipated to have a substantial impact on the demand for e-commerce platforms in the Asia Pacific region.
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Drivers
Increasing Use of Smartphones to Bolster Market Growth
Restraints
Sizing and Fit Issues to Hinder Market Growth
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The worldwide apparel e-commerce sector is extremely competitive and fragmented, with many different participants. Major players are spending money on R&D to create instruments that are simple to operate and have greater sound quality by building on cutting-edge technologies. Additionally, businesses are employing tactics like joint ventures, expansions, school or organization training workshops, mergers & acquisitions, and expansions to boost sales.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the E-commerce Apparel market is the increasing demand for garment products on e-commerce platforms from developed nations like Europe and North America might be credited for this. The expansion is also attributed to changing fashion trends, an increase in the number of working women, an increase in the female population, and the increased purchasing power of consumers. Additionally, the market's ongoing product advancements and rising living standards will increase demand. Rising celebrity and social media impact are further factors pushing clothes producers to continually release new styles and patterns. During the projected period, these factors are anticipated to propel the apparel industry via e-commerce platforms. Growing consumer knowledge of the goods' availability, including boot cut, high rise, cropped, skinny, tapered, and normal fit jeans, is another factor driving the market's increase. E-commerce apparel retailers are increasingly using artificial intelligence to improve the customer experience. This includes using machine learning algorithms to personalize recommendations, chatbots to provide customer support, and computer vision to enable virtual try-on.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 645.21 Million |
Market size value in 2032 | USD 1322.38 Million |
Growth Rate | 8.3% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
Recent Developments
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the E-commerce Apparel Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the E-commerce Apparel Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the E-commerce Apparel Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the E-commerce Apparel Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG25K2053
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