Global E-commerce Apparel Market

Global E-commerce Apparel Market Size, Share, Growth Analysis, By Type(Women’s Apparel, Men’s Apparel) - Industry Forecast 2024-2031


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

Global E-commerce Apparel Market Insights

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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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 worldwide apparel e-commerce sector is extremely competitive and fragmented, with many different participants. Major players are spending money on R&D to create instruments that are simple to operate and have greater sound quality by building on cutting-edge technologies. Additionally, businesses are employing tactics like joint ventures, expansions, school or organization training workshops, mergers & acquisitions, and expansions to boost sales. 'Amazon.com, Inc.', 'Alibaba Group Holding Limited', 'JD.com, Inc.', 'Zara (Inditex Group)', 'H&M Hennes & Mauritz AB', 'Fast Retailing Co., Ltd. (Uniqlo)', 'Nike, Inc.', 'Adidas AG', 'ASOS PLC', 'Boohoo Group PLC', 'Puma SE', 'Under Armour, Inc.', 'The Gap, Inc.', 'Levi Strauss & Co.', 'VF Corporation', 'L Brands, Inc.', 'Burberry Group PLC', 'Hugo Boss AG', 'Kering SA', 'Lululemon Athletica Inc.', 'In March 2022, an innovative technology called a dynamic virtual fitting room platform had been made available to Wal-Mart consumers, according to a statement from Wal-Mart, Inc. Users of the Walmart app and Walmart.com have begun to explore Zee kit technology with the Choose My Model feature.', 'In May 2022, in order to develop a digital platform to investigate new business potential in North America, Lanvin and Shopify Inc. recently announced their cooperation. The company will be able to concentrate on the products and consumers thanks to the new digital platform powered by Shopify, which will help its future growth. Several leading companies in the worldwide e-commerce apparel market'

The growing use of smartphones and mobile devices is a major driver of the e-commerce apparel market. Consumers are increasingly using mobile devices to browse and purchase apparel products online.

With the growing popularity of smartphones and tablets, mobile commerce is becoming increasingly important in the e-commerce apparel market. Consumers are using mobile devices to browse and purchase apparel online, and retailers are responding by optimizing their websites for mobile devices and developing mobile apps.

The demand for clothing purchased online in North America is being driven by an increase in the number of people who are aware of their alternatives for fashionable and cozy clothing. Men in the area are gradually becoming more knowledgeable about the newest trends in clothing. As a result, it is projected that this will improve manufacturers' market potential. Rising disposable income levels are also anticipated to increase garment consumption through e-commerce channels and fuel market expansion in the future, particularly in attractive nations like the U.S. and Canada.

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Global E-commerce Apparel Market

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