Latest News- Online Apparel Retailing Market: Men apparel is expected to lead the End-user segment during 2025-2029

The Online Apparel Retailing Market is being driven by Rising popularity of digital payment system

The Online Apparel Retailing Market is expected to grow at a CAGR of 16.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 343.2 billion. The surge in mobile commerce is primarily driven by the proliferation of new mobile devices among consumers and the expanding opportunities for shopping offered by retailers. Major players in the online apparel retailing market, including Amazon.com, Flipkart, Alibaba Group, and L'Oréal, have responded to this trend by launching mobile applications in addition to their desktop websites. With the growing preference for shopping via mobile devices, particularly for apparel and other consumer goods, retail sales through these channels are projected to experience significant growth. To capitalize on this trend, numerous online retailers have developed mobile versions of their shopping portals to cater to the increasing demand for convenience and accessibility. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Men apparel
  • Women apparel
  • Children apparel
• Product
  • Upper wear apparel
  • Bottom wear apparel
  • Others
• Business Segment
  • Business-to-consumer (B2C)
  • Business-to-business (B2B)
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising popularity of digital payment system
• Rise in online spending and smartphone penetration
• Growth in e-commerce industry

However, the market also witnesses some limitations, which are as follows:

• Presence of counterfeit products
• Increased return of online products
• Stringent government regulations

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Market Scope in Online Apparel Retailing Market Research Report

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Research Analysis Overview

In the Online Apparel Retailing Market, key strategies include personalized recommendations, dynamic pricing, and price optimization for Product Discovery. Technologies such as Visual Search, Fashion Forecasting, and Trend Analysis drive innovation, while Market Research, Competitive Benchmarking, and Consumer Behavior studies inform business decisions. Retail Analytics, Big Data, Data Visualization, and Business Intelligence (BI) enable effective Supply Chain Management, Logistics Optimization, and Distribution Networks. Last-Mile Delivery, Customer Service, Live Chat Support, and Customer Support Automation enhance the shopping experience, while Quality Assurance ensures product excellence. Disruptive Technologies and Emerging Trends continue to shape the industry.

Market Research Overview

The global apparel, accessories, and luxury goods market encompasses businesses involved in the manufacturing and marketing of textiles, apparel, accessories, and luxury goods, as well as those offering rental services, excluding footwear manufacturers. According to Technavio, market size is determined by the consolidated revenues of these sectors. Key growth drivers include the expanding population of working women, boosting disposable income and consumer spending on apparel, accessories, and luxury goods. E-commerce platforms, online storefronts, virtual try-on technology, personalization algorithms, and customer segmentation are essential business tools enhancing market growth through data analytics and improved consumer experiences.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/