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
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Website: www.technavio.com/
SOURCE Technavio
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