Global Fast Fashion Market 2024-2028
The fast fashion market is forecasted to grow by USD 67.2 bn during 2023-2028, accelerating at a CAGR of 9.65% during the forecast period. The report on the fast fashion market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the burgeoning youth population's demand for fast fashion clothing, the growing emergence of augmented reality mobile apps for online shopping, and the rising participation of people in social occasions.
Technavio's fast fashion market is segmented as below:
By Gender
By Distribution Channel
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the rise in social media marketing as one of the prime reasons driving the fast fashion market growth during the next few years. Also, premiumization through well-positioned brands and an increasing number of working women across the globe will lead to sizable demand in the market.
The report on the fast fashion market covers the following areas:
- Fast fashion market sizing
- Fast fashion market forecast
- Fast fashion market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading fast fashion market vendors that include Aditya Birla Management Corp. Pvt. Ltd., ARCADIA SRL, ASOS Plc, BESTSELLER AS, C and A Mode GmbH and Co KG, Conde Nast, Cotton On Group, Esprit Holdings Ltd., Fast Retailing Co. Ltd., Forever21 Inc., The Gap Inc., H and M Hennes and Mauritz GBC AB, Industria de Diseno Textil SA, New Look Retailers Ltd., Primark Stores Ltd., PUNTO FA SL, Reliance Industries Ltd., boohoo.com UK Ltd., River Island Clothing Co. Ltd., and Victorias Secret and Co.. Also, the fast fashion market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.