Fashion Retailing Market by Product, Distribution Channel, End-User

List of Tables

[196 Pages Report] The Fashion Retailing Market size was estimated at USD 96.08 billion in 2023 and expected to reach USD 102.49 billion in 2024, at a CAGR 6.84% to reach USD 152.77 billion by 2030.

Fashion retailing is the commercial enterprise selling fashion products to the end consumer. It includes business processes involved in selling apparel, accessories, and footwear from manufacturers to consumers. It encompasses a range of activities, including the selection, purchase, distribution, and merchandising of fashion goods. Changing consumer fashion trends and technological advancements in online retailing are expanding fashion retailing operations globally. The introduction of international brands into new markets, celebrity influence on consumer fashion preferences, and the rise of sustainable and ethical fashion are creating immense potential for fashion retail worldwide. However, the high cost of labor acquisition and changing fashion trends may adversely impact the fashion retaining sector. Moreover, the exponential growth in eCommerce and mCommerce and the advent of AR and VR technologies in fashion shopping are expected to encourage the growth of the fashion retailing market worldwide.

KEY MARKET STATISTICS
Base Year [2023]	USD 96.08 billion
Estimated Year [2024]	USD 102.49 billion
Forecast Year [2030]	USD 152.77 billion
CAGR (%)	6.84%

Product: High penetration of clothing and apparel across fashion retailing channels

Market preferences for bags and accessories mostly revolve around luxurious styles, durability, eco-friendliness, and value for money. Fashion customers value uniqueness, quality, and personalization in clothing and apparel. Customers often seek comfortable clothes that fit their unique style and budget. The footwear of the fashion industry primarily leans towards comfort, durability, style, and price. The footwear segment sees a steady demand for sportswear brands, indicating a high preference for comfort and performance-related designs.

Distribution Channel: Growing customer preference for online distribution channels due to their convenience characteristics

The offline mode, primarily brick-and-mortar stores, has been the traditional form of fashion retailing, catering to consumer needs for tactile experiences, onsite guidance, and instant gratification. Under offline mode, subcategories such as departmental, standalone, and outlet stores provide varying shopping experiences, from diverse brand displays to unique offerings and discounted rates. On the other hand, with the advent of digitalization and increased internet penetration, the online mode of fashion retailing has flourished. Online mode caters to digitally-savvy consumers who value convenience, wide-ranging options, and customized experiences.

End-User: Significant demand for various fashion retailing products by the women's category

The children's segment comprises individuals up to 14 years of age. The children group is closely associated with the fast fashion trend due to rapidly changing sizes and style preferences. The preferences are primarily necessity-based, with comfort, durability, and price playing essential roles. The men's category in fashion retail has evolved significantly with a growing interest in personal grooming and style. Driven by needs and preferences, style, quality, fit, and brand reputation rank high. Women's fashion retailing encompasses various categories, from casual wear to luxury fashion. Several factors, including trend-following, ethical values, comfort, and affordability, influence this diverse group.

Regional Insights

The fashion retailing market is evolving in the Americas owing to the broad and diverse consumer base, high purchasing power, and a strong inclination towards fashion trends. Several homegrown brands are continually innovating, driving the adoption of fast fashion and digital buying experiences in the Americas. Europe, encompassing key fashion hub cities including London, Paris, and Milan, sets trends that resonate around the globe. eCommerce is growing rapidly in the EU, making significant investments in online fashion retail platforms. The Middle East and Africa region have an increasingly fashion-conscious consumer base, and consumers are increasingly inclined toward luxury fashion shopping through boutiques and digital platforms. Investments in textile manufacturing, product innovation, and promotion of local brands are key initiatives driving the growth of fashion retail in the Americas.

The Asia Pacific region represents a growing landscape for the fashion retailing market owing to the rise in fashion consumer base and rapidly evolving luxury and fast fashion markets in the region. Besides, the adoption of innovative marketing strategies and emerging customization trends are anticipated to propel the growth of the fashion retailing market worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Fashion Retailing Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Fashion Retailing Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Fashion Retailing Market, highlighting leading vendors and their innovative profiles. These include Adidas AG, ASOS plc, Boohoo Group PLC, Burberry Group plc, Chanel S.A., Christian Dior SE, Gap Inc., Gildan Activewear SRL, Golden Lady Company S.p.A., H & M Hennes & Mauritz AB, Hanesbrands Inc., Hermes International S.A., Inditex, S.A., Jockey International, Inc., Kering, LEVI STRAUSS & CO., LVMH, NIKE Inc., Prada S.p.A., PVH Corp., Ralph Lauren Corporation, The Swatch Group Ltd., Uniqlo Co., Ltd., and VF Corporation.

Market Segmentation & Coverage

This research report categorizes the Fashion Retailing Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Bag & Accessories
- Clothing & Apparel
- Footwear

Distribution Channel
- Offline Mode
- Online Mode

End-User
- Children
- Men
- Women

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Fashion Retailing Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Fashion Retailing Market?

3. What are the technology trends and regulatory frameworks in the Fashion Retailing Market?

4. What is the market share of the leading vendors in the Fashion Retailing Market?

5. Which modes and strategic moves are suitable for entering the Fashion Retailing Market?

Product Code: MRR-43539E5D2D8C

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Affordability and accessibility of fast fashion products
  - 5.1.1.2. Consumer preference for online shopping and eCommerce platforms
  - 5.1.1.3. Rising trend-based consumption of sustainable fashion apparel
- 5.1.2. Restraints
  - 5.1.2.1. High cost of labor and exchange rate volatility
- 5.1.3. Opportunities
  - 5.1.3.1. Celebrity endorsement and influence of social media
  - 5.1.3.2. Increasing use of virtual or augmented reality in fashion retailing
- 5.1.4. Challenges
  - 5.1.4.1. Changing consumer preference for fashion and supply chain constraints
5.2. Market Segmentation Analysis
- 5.2.1. Product: High penetration of clothing and apparel across fashion retailing channels
- 5.2.2. Distribution Channel: Growing customer preference for online distribution channels due to their convenience characteristics
- 5.2.3. End-User: Significant demand for various fashion retailing products by the women's category
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Fashion Retailing Market, by Product

6.1. Introduction
6.2. Bag & Accessories
6.3. Clothing & Apparel
6.4. Footwear

7. Fashion Retailing Market, by Distribution Channel

7.1. Introduction
7.2. Offline Mode
7.3. Online Mode

8. Fashion Retailing Market, by End-User

8.1. Introduction
8.2. Children
8.3. Men
8.4. Women

9. Americas Fashion Retailing Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Fashion Retailing Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Fashion Retailing Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Value Fashion Retailer Citykart to Open 10 Stores Across 3 States
- 12.3.2. Shein Unveils Partnership with Forever 21
- 12.3.3. Aditya Birla Fashion to Acquire 51% Stake in TCNS Clothing for INR 1,650 Crore
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio