Fashion Retailing Market by Product (Bag & Accessories, Clothing & Apparel, Footwear), Distribution Channel (Offline Mode, Online Mode), End-User - Global Forecast 2024-2030

Fashion Retailing Market by Product (Bag & Accessories, Clothing & Apparel, Footwear), Distribution Channel (Offline Mode, Online Mode), End-User - Global Forecast 2024-2030

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.

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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Fashion Retailing Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Affordability and accessibility of fast fashion products
Consumer preference for online shopping and eCommerce platforms
Rising trend-based consumption of sustainable fashion apparel

Market Restraints

High cost of labor and exchange rate volatility

Market Opportunities

Celebrity endorsement and influence of social media
Increasing use of virtual or augmented reality in fashion retailing

Market Challenges

Changing consumer preference for fashion and supply chain constraints

Market Segmentation Analysis

Product: High penetration of clothing and apparel across fashion retailing channels
Distribution Channel: Growing customer preference for online distribution channels due to their convenience characteristics
End-User: Significant demand for various fashion retailing products by the women's category

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Fashion Retailing Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Fashion Retailing Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Value Fashion Retailer Citykart to Open 10 Stores Across 3 States

Citykart announced the opening of 10 new retail stores across Uttar Pradesh, Bihar, and West Bengal. The significant expansion aims to provide an elevated shopping experience to customers across diverse markets within these burgeoning states. The expansion is part of the retail company’s plans to reach a landmark of a total of 100 retail outlets by the end of the year.

Shein Unveils Partnership with Forever 21

Shein announced a partnership with Sparc Group, the owner of Forever 21, to explore the possibility of establishing a physical presence in the US market. This collaboration aims to provide customers with an opportunity to engage with Shein's customer-centric experiences through dedicated sections within Forever 21 stores. Furthermore, this partnership will enable Sparc to expand its distribution of Forever 21 products, as it assumes the role of a minority shareholder in Shein.

Aditya Birla Fashion to Acquire 51% Stake in TCNS Clothing for INR 1,650 Crore

Aditya Birla Fashion announced its plan to acquire a 51% stake in TCNS Clothing for an amount of USD 201.9 million (~INR 1,6500 million). This strategic move is aimed at bolstering Aditya Birla Fashion's comprehensive fashion portfolio across diverse consumer segments and price points. The acquisition will also strengthen Aditya Birla’s commitment to promoting ethnic wear in the Indian market.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Fashion Retailing Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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., Hermès 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

Please Note: PDF & Excel + Online Access - 1 Year