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