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Subject: MRR

Online Apparel Retailing Market to grow at a CAGR of 10.61% by 2025 | Rising Popularity of Digital Payment System to Boost Growth | 17000+ Technavio Reports


NEW YORK, Nov. 26, 2021 /PRNewswire/ -- The online apparel retailing market and is set to grow by USD 87.45 billion from 2020 to 2025, progressing at a CAGR of 10.61%  according to the latest report by Technavio.

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Online Apparel Retailing Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our online apparel retailing market report covers the following areas:

Online Apparel Retailing Market 2021-2025: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alibaba Group Holding Ltd., Amazon.com Inc., ASOS Plc, Cotton On Group, Dolce & Gabbana Srl, Gildan Activewear Inc., JD.com Inc., Kering SA, Levi Strauss and Co., and The Gap Inc. are some of the major market participants.

Online Apparel Retailing Market 2021-2025: Drivers & Challenges

The rising popularity of digital payment systems, rise in online spending and smartphone penetration, and the growth in the e-commerce industry will offer immense growth opportunities. However, the increased return of online products will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Online Apparel Retailing Market 2021-2025: Segmentation

Online Apparel Retailing Market 2021-2025: Key Regions & Revenue Generating Segment

39% of the market's growth will originate from APAC. China and Japan are the key markets for online apparel retailing in APAC. A high population increased disposable income, and a wide array of product offerings will facilitate the online apparel retailing market growth in APAC.

The online apparel retailing market share growth by the upper wear apparel segment will be significant for revenue-generating. The upper wear segment accounts for considerable market share in the global online apparel retailing market, as it enjoys a relatively small replacement cycle. This segment includes shirts, t-shirts, coats, jackets, etc. The improving economy and the increasing population are key factors expected to drive the growth of the upper wear segment.

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Online Apparel Retailing Market 2021-2025: Key Highlights

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Online Apparel Retailing Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10.61%

Market growth 2021-2025

USD 87.45 billion

Market structure

Fragmented

YoY growth (%)

10.01

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

APAC at 39%

Key consumer countries

US, China, Germany, UK, Japan, and Canada

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Alibaba Group Holding Ltd., Amazon.com Inc., ASOS Plc, Cotton On Group, Dolce & Gabbana Srl, Gildan Activewear Inc., JD.com Inc., Kering SA, Levi Strauss and Co., and The Gap Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

 

SOURCE Technavio


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News published on 26 november 2021 at 21:00 and distributed by: