Virtual Fitting Room Market Share, Size, Trends, Industry Analysis Report, By End-use (Physical Store, Virtual Store), By Component, By Application, By Region, And Segment Forecasts, 2023 - 2032

Virtual Fitting Room Market Share, Size, Trends, Industry Analysis Report, By End-use (Physical Store, Virtual Store), By Component, By Application, By Region, And Segment Forecasts, 2023 - 2032

The global virtual fitting room market size is expected to reach USD 33.63 billion by 2032, according to a new study by Polaris Market Research. The report “Virtual Fitting Room Market Share, Size, Trends, Industry Analysis Report, By End-use (Physical Store, Virtual Store), By Component, By Application, By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Growth is anticipated to be driven by the increasing utilization of high-tech simulations that replicate in-person buying experiences using advanced 3D technologies. Moreover, the integration of digital transformation technologies, including Artificial Intelligence (AI) and augmented Reality (AR), is expected to unlock multiple growth opportunities for virtual fitting rooms in the foreseeable future. Retailers are finding virtual try-on technology highly advantageous, leading to a significant rise in consumer adoption and preference within the current market landscape.

Moreover, companies are actively innovating to enhance the sensory experience of online shoppers, particularly in terms of tactile perception, fabric feel, & texture recognition. These advancements are aimed at reducing return rates and fostering brand loyalty. Additionally, virtual fitting room technology collects extensive data, empowering marketing analytics teams to improve customer experiences and strengthen brand recognition. This breakthrough in the retail industry utilizes purchase data to inform future business strategies, consequently driving market growth throughout the forecast period.

Consumers' spending habits on social media platforms are widely known for their constant desire for new purchases. The rise of 'haul culture' on platforms such as Instagram, YouTube, and TikTok has resulted in significant negative impacts, particularly in terms of returns and waste. This trend involves individuals excessively buying clothing items, showcasing them on camera, and providing reviews. While these videos may offer insights for viewers on what to buy and avoid, they also foster an unprecedented level of consumerism that can be problematic.

Innovations are the key to the development of the industry. In line with this, recently, in April 2023, it introduced a pilot program for virtual fitting rooms to cater to its extensive customer base. Through this technology, customers can generate a personalized 3D avatar by inputting their body measurements, gender, and other relevant data. This enables them to virtually experience how clothing items fit and determine the appropriate size.

Virtual Fitting Room Market Report Highlights

Service segment expected to register steady growth, as key players focus more on consulting and allied services

Beauty & cosmetics have grown at the fastest rate, owing to the growing popularity of e-marketplaces

Europe region held the largest share, owing to the presence of high-income individuals with high discretionary income

The global key market players include Autumn Rock, ELSE Corp., FXGear, Metail, Fit Analytics, Zugara, Sizebay, and Magic Mirror

Polaris Market Research has segmented the virtual fitting room market report based on component, application, end-use, and region:

Virtual Fitting Room, Component Outlook (Revenue - USD Billion, 2023 - 2032)

Hardware

Software

On-premise

Cloud

Services

Installation

Support & Maintenance

Consulting

Virtual Fitting Room, Application Outlook (Revenue - USD Billion, 2023 - 2032)

Apparel

Beauty & Cosmetic

Eyewear

Footwear

Others

Virtual Fitting Room, End Use Method Outlook (Revenue - USD Billion, 2023 - 2032)

Physical Store

Virtual Store

Virtual Fitting Room, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa