DUBLIN–(COMMERCIAL WIRE)–The report “Global Fashion E-Commerce Market Report 2022” has been added to ResearchAndMarkets.com offering.
This report provides strategists, marketers, and senior management with the critical information they need to assess the global fashion e-commerce market.
The global fashion e-commerce market is expected to grow from $668.1 billion in 2021 to $744.4 billion in 2022 at a compound annual growth rate (CAGR) of 11.4%. The market is expected to grow to $1,102.96 billion in 2026 at a compound annual growth rate (CAGR) of 10.3%.
Companies mentioned
Amazon Flipkart Alibaba Snapdeal eBay Myntra ShoClues AliExpress HomeShop18 Jabong SHEIN Koovs Flo Mattress Yebhi Biba Nykaa Decathlon Pepperfry Naaptol Shopclues.com ShoppersStop Shopping.indiatimes Shopping.rediff StalBuyLove.com Styletag Stylista Yebhi
reasons to buy
Get a truly global perspective with the most comprehensive report available on this market covering more than 12 geographies Understand how the market is affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus subsides Create regional strategies and in local database and analytics Identify growth segments for investment Outperform competitors using forecast data and the drivers and trends shaping the market Understand customers based on the latest market research findings Compare the performance against key competitors Utilize relationships between key data sets for superior strategy Suitable for supporting your internal and external presentations with reliable, high-quality data and analysis
The fashion e-commerce market consists of the sale of fashion items and their related services through online channels. Fashion items include fashion accessories, clothing, shoes, bags, jewelry, cosmetics, and other luxury items. The fashion e-commerce market comprises the revenue generated by establishments that use various online platforms and tools to market fashion products.
The main products of fashion e-commerce are clothing, accessories, footwear, cosmetics and other products. Accessories refer to items of equipment that are generally not essential, but are used or added to something else to make it more efficient, useful, or decorative. The different types of models are business to business (B2B) and business to consumer (B2C). The various end users involved are men, women and children.
Asia Pacific was the largest region in the fashion e-commerce market in 2021. Western Europe was the second largest region in the fashion e-commerce market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The increasing use of the Internet and smartphones is expected to contribute to the expansion of the fashion e-commerce industry. According to the Global Digital Overview Report 2019, the total number of phone users, including smartphones and feature phones, reached 4.78 billion, accounting for 61.51% of the world’s population in 2019. There were 3.5 billion users of smartphones in 2019. This has also led to an increase in the number of online shoppers. This scenario is anticipated to drive demand for fashion and other e-commerce markets, generating increased revenue for the online fashion industry in the coming years.
Rules regarding website content and consumer information security are anticipated to limit market growth. The rules and regulations for businesses on website content make it difficult for players to manage their business. One of the main concerns is requiring the use of local languages on your website, as in countries with more than one local official language, it results in a higher cost for businesses dealing with online retail. This scenario is expected to act as a constraint for the fashion e-commerce market.
Weakening trust and brand loyalty, and high return rates are other major concerns for the growth of the fashion e-commerce market. Declining brand loyalty can be due to a number of factors, including product quality, lack of selection options, or better prices elsewhere. This, in turn, is one of the reasons for the high rates of return.
Technological innovations are a leading trend in the fashion e-commerce industry. Companies operating in the market are embracing new technologies such as artificial intelligence (AI), barcode scanners, virtual reality equipment, and e-commerce automation tools that deliver highly personalized and relevant consumer experiences. Also, many fashion companies are launching new apps to sell their products online in order to reach a large consumer base.
Key Topics Covered:
1. Executive Summary
2. Characteristics of the fashion e-commerce market
3. Trends and strategies of the fashion e-commerce market
4. Impact of COVID-19 on fashion e-commerce
5. Size and growth of the fashion e-commerce market
6. Fashion Ecommerce Market Segmentation
7. Regional and country analysis of the fashion e-commerce market
For more information on this report, please visit https://www.researchandmarkets.com/r/ujusaj.
Source: www.businesswire.com