Global E-commerce Apparel Market

E-commerce Apparel Market Size, Share, Growth Analysis, By Type(Women’s Apparel, Men’s Apparel, Children Apparel), By Region - Industry Forecast 2024-2031


Report ID: SQMIG25K2053 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 36 | Figures: 76

E-commerce Apparel Market Dynamics

Drivers

Increasing Use of Smartphones to Bolster Market Growth

  • The growing use of smartphones and mobile devices is a major driver of the e-commerce apparel market. Consumers are increasingly using mobile devices to browse and purchase apparel products online.
  • The increasing demand for convenience is driving the e-commerce apparel market. Consumers are looking for fast, easy, and hassle-free ways to purchase apparel products online.

Restraints

Sizing and Fit Issues to Hinder Market Growth

  • One of the biggest challenges in the e-commerce apparel market is the inability to try on clothes before purchasing. This can lead to sizing and fit issues, which can result in returns and customer dissatisfaction.
  • With the increasing number of data breaches and security issues, consumers are becoming more concerned about the security and privacy of their personal and financial information when shopping online. This can create a barrier to entry for some consumers and make them reluctant to shop online.
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FAQs

E-Commerce Apparel Market size was valued at USD 595.76 million in 2022 and is poised to grow from USD 645.21 million in 2023 to USD 1221.03 million by 2031, at a CAGR of 8.3% during the forecast period (2024-2031).

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. 'Amazon.com, Inc.', 'Alibaba Group Holding Limited', 'JD.com, Inc.', 'Zara (Inditex Group)', 'H&M Hennes & Mauritz AB', 'Fast Retailing Co., Ltd. (Uniqlo)', 'Nike, Inc.', 'Adidas AG', 'ASOS PLC', 'Boohoo Group PLC', 'Puma SE', 'Under Armour, Inc.', 'The Gap, Inc.', 'Levi Strauss & Co.', 'VF Corporation', 'L Brands, Inc.', 'Burberry Group PLC', 'Hugo Boss AG', 'Kering SA', 'Lululemon Athletica Inc.', 'In March 2022, an innovative technology called a dynamic virtual fitting room platform had been made available to Wal-Mart consumers, according to a statement from Wal-Mart, Inc. Users of the Walmart app and Walmart.com have begun to explore Zee kit technology with the Choose My Model feature.', 'In May 2022, in order to develop a digital platform to investigate new business potential in North America, Lanvin and Shopify Inc. recently announced their cooperation. The company will be able to concentrate on the products and consumers thanks to the new digital platform powered by Shopify, which will help its future growth. Several leading companies in the worldwide e-commerce apparel market'

The growing use of smartphones and mobile devices is a major driver of the e-commerce apparel market. Consumers are increasingly using mobile devices to browse and purchase apparel products online.

With the growing popularity of smartphones and tablets, mobile commerce is becoming increasingly important in the e-commerce apparel market. Consumers are using mobile devices to browse and purchase apparel online, and retailers are responding by optimizing their websites for mobile devices and developing mobile apps.

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.

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Global E-commerce Apparel Market

Report ID: SQMIG25K2053

$5,300
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