How big is the fashion eCommerce market?
Fashion is the largest B2C eCommerce market segment and its global size is estimated at US$752.5 billion in 2020. The market is expected to grow further at 9.1\% per year and reach a total market size of US$1.164,7 billion by the end of 2025.
What percentage of eCommerce is fashion?
In 2020, fashion e-commerce accounted for roughly 29.5 percent of the total fashion retail sales in the United States and has continued to experience a steady annual growth rate since 2003.
What is the size of the fashion industry 2020?
about £60.3 billion
How much was the UK fashion industry’s worth in 2020? Fashion industry statistics for the UK estimate the industry’s worth at about £60.3 billion in 2020 and £62.2 billion in 2021. The UK fashion industry also employs about 555,000 people, according to FashionUnited.
Who is the biggest online fashion retailer?
Top Websites Ranking for Fashion And Apparel in the world
| Rank | Website | Change |
|---|---|---|
| 1 | macys.com | -5 |
| 2 | shein.com | = |
| 3 | nike.com | +1 |
| 4 | hm.com | +1 |
Who has the largest market share in the clothing industry?
As one of the largest and most recognizable brands on the planet, Nike held the largest market share within the global apparel and footwear market, with a share of 2.8 percent in 2017.
How big is the women’s clothing market?
Women’s Clothing Stores in the US – Market Size 2002–2027
| $30.7bn | Women’s Clothing Stores in the US Market Size in 2021 |
|---|---|
| 0.2\% | Women’s Clothing Stores in the US Market Size Growth in 2021 |
| -6.7\% | Women’s Clothing Stores in the US Annualized Market Size Growth 2016–2021 |
What is the size of the fashion industry 2021?
Revenue in the Fashion segment is projected to reach US$904,492m in 2021. With a projected market volume of US$297,457m in 2021, most revenue is generated in China. In the Fashion segment, the number of users is expected to amount to 3,141.8m users by 2025.
What is a market size?
The “market size” is made up of the total number of potential buyers of a product or service within a given market, and the total revenue that these sales may generate. It’s important to calculate and understand market size for several reasons.
Who is the number 1 online retailer?
Amazon.com
Amazon.com is leading the U.S. e-commerce market, with e-commerce net sales of US$ 112,477 million in 2020 generated in the U.S., followed by Walmart.com with US$ 41,114 million. Third place is taken by Bestbuy.com with revenues of US$ 18,674 million.
Who is the number 1 retailer?
As of 2019, Walmart was by far the world’s leading retailer with retail revenues reaching 523.96 billion U.S. dollars.
Is Zara bigger than Adidas?
Spanish-based Zara lost 6\%, and with an estimated value of 21 286 million US dollars in 2020, it is now second most valuable apparel brand. adidas growing by 11\% from 2019 is now worth 14 812 million US dollars and ranks in third. In the overall rank, they are placed as 21st (Nike), 57th (Zara) and 92nd (adidas).
Who dominates the fashion industry?
Fashion remains a male-dominated business, wherein women spend 226\% more than their male counterparts, but men still hold majority of the power in regards to running the fashion houses.
How big is the global fashion e-commerce market?
The global fashion e-commerce market is expected grow from $549.55 billion in 2020 to $668.1 billion in 2021 at a compound annual growth rate (CAGR) of 21.6\%.
What is the CAGR of the eCommerce fashion industry?
The negative compound annual growth rate (CAGR) of -8.59\% is largely due to the coronavirus pandemic. However, the market is set to recover and hit $672.71 billion by 2023. In the US alone, the ecommerce fashion industry accounted for 29.5\% of fashion retail sales in 2020.
What is the forecast period of fashion e-commerce market research report?
The market is expected to reach $1207.23 billion in 2025 at a CAGR of 16\%. The fashion e-commerce market covered in this report is segmented by product into apparel/clothing; accessories; footwear; cosmetics; others and by end user into men; women; children.
How will eCommerce fashion segment revenue expand in 2022?
As a segment of ecommerce fashion, shoes display a similar pattern of shrinking revenue expansion year-over-year. From double digits in 2017-2019 — 13.6\% and 10.8\% respectively — footwear is expected to grow a mere 6.6\% in 2022. In absolute market size, the shoes segment will increase from $96 billion in 2018 to $135 billion in 2022.