LONDON, June 09, 2022 (GLOBE NEWSWIRE) -- The online apparel market is expected to grow at a CAGR of more than 11% during the forecast period 2020-25. The accelerating population growth and high uptake of technology propelled APAC to become the largest region for online apparel shopping in 2020, overtaking the Americas. APAC will continue to grow its share, largely boosted by the continuing rapid growth in the Chinese apparel market. Being a manufacturing region has alleviated APAC of major supply chain struggles and the subsequent inflation rises felt in other regions, making it an attractive market for expansion.
The Online Apparel Market Research Report offered by GlobalData Plc provides a detailed analysis of both the historic and forecast market data of online apparel sales of different product segments in global apparel markets.
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Key Highlights
- APAC will dominate the global online apparel market during the forecast period, as Europe is struck with more woes
- The footwear segment continues to be a key category for growth as technology supports consumer confidence
- Technology is consistently a key component of trends driving the global online apparel market, as the metaverse becomes the main talking point
- Online specialists were well-positioned to succeed in the pandemic and will remain dominant in the forecast years
Key Online Apparel Market Drivers
The pandemic has made consumers value their time more, and many are now seeking more convenient ways to shop so that they can prioritize other activities like exercise and socializing. This will be supported by apparel brands investing further in their online platforms to boost efficiency and improve shopper experience, for example by adding fulfillment options such as click & collect and third-party pickup and using technology to provide tailor-made product suggestions.
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Online Apparel Market Segmentation by Region
- Asia-Pacific
- Europe
- Americas
- Middle East & Africa
Online Apparel Market Analysis, by Regions
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Online Apparel Market Segmentation by Countries
- The US
- China
- The UK
- Germany
- Japan
- South Korea
- France
- Italy
- India
- Brazil
Online Apparel Market Analysis, by Country
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Online Apparel Market Segmentation by Category
- Clothing
- Footwear
- Accessories
Online Apparel Market Analysis, by Categories
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Leading Online Apparel Companies
- ASOS
- boohoo group
- Zalando
- Amazon
- Next
- Shein
- Nike
- Uniqlo
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Online Apparel Market Overview
| Market Size 2020 | $465.8 billion |
| CAGR | >11% |
| Forecast Period | 2020-2025 |
| Key Regions | Asia-Pacific, Europe, Americas, and Middle East & Africa |
| Key Countries | The US, China, the UK, Germany, Japan, South Korea, France, Italy, India, and Brazil |
| Key Categories | Clothing, Footwear, and Accessories |
| Leading Companies | ASOS, boohoo group, Zalando, Amazon, Next, Shein, Nike, and Uniqlo |
Reasons to Buy
- Gain a comprehensive view of the global online apparel market and forecasts to 2025.
- Explore new opportunities that will allow you to align your product offerings and strategies to meet demand following the impact of COVID-19 on the apparel market.
- Investigate current and forecast trends in apparel categories to identify the opportunities offering the most potential.
- Understand who the main competitors are in the sector and the price positioning.
FAQs
What was the online apparel market size in the year 2020?
The online apparel market size was valued at $465.8 billion in the year 2020.
What is the online apparel market growth rate?
The online apparel market is expected to grow at a CAGR of more than 11% during the forecast period.
Which are the key regions in the online apparel market?
Asia-Pacific, Europe, the Americas, and the Middle East & Africa are the key regions in the online apparel market.
Which are the key countries in the online apparel market?
The US, China, the UK, Germany, Japan, South Korea, France, Italy, India, and Brazil, are some of the key countries in the online apparel market.
What are the key categories in the online apparel market?
Clothing, footwear, and accessories are the key categories in the online apparel market.
Which are the leading companies in the online apparel market?
ASOS, boohoo group, Zalando, Amazon, Next, Shein, Nike, and Uniqlo are some of the leading companies in the online apparel market.
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