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 driven by the proliferation of new mobile devices among consumers and the expanding opportunities for shopping provided by retailers. Major players in the online apparel retailing market, such as Amazon.com, Flipkart, Alibaba Group, and L'Oreal, 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 introduced mobile-optimized versions of their shopping portals.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
218 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16.2% |
Market growth 2025-2029 |
USD 343.2 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
13.8 |
Key countries |
US, China, UK, Germany, Spain, India, France, Japan, Italy, South Korea, US, China, Japan, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In the dynamic online apparel retailing market, the customer journey is optimized through user-friendly UIs on mobile apps, soliciting valuable customer feedback to bolster brand reputation. Fashion forecasting and trend analysis inform inventory management, while logistics are optimized through warehouse management systems. Affiliate marketing, link building, and content creation boost online presence. AI-driven tools like personalization engines, chatbots, and conversational commerce offer personalized recommendations, dynamic pricing, and fraud prevention. Data security and encryption ensure customer trust, while sustainable practices like circular economy, product upcycling, and reverse logistics promote eco-consciousness. Cross-border e-commerce, global supply chains, international shipping, and multilingual websites cater to diverse markets, all while maintaining cultural awareness.
The online apparel retailing market is a significant segment of the larger global textiles, apparel, and luxury goods market. This market encompasses e-commerce platforms and online stores, utilizing shopping carts and seamless checkout processes to facilitate transactions. Key components include payment gateways for secure transactions and inventory management systems for efficient order fulfillment. The market's expansion is driven by the growing working women population, boosting disposable income and consumer spending on apparel, accessories, and luxury goods. Excluding footwear manufacturers, this market covers manufacturers and marketers of textiles, apparel, accessories, and luxury goods, as well as rental services. Technavio projects market growth due to the increasing global working population and subsequent rise in consumer spending power.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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