The Online Fashion Retail Market in US is being driven by Rise in online spending
The Online Fashion Retail Market in US is expected to grow at a CAGR of 15.6% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 303.9 billion. E-commerce platforms provide significant benefits to sportswear brands in the US market. Unlike conventional retail channels, such as multi-brand outlets, apparel stores, hypermarkets, supermarkets, and department stores, e-commerce platforms offer consumers unparalleled convenience and access to an extensive selection of sportswear. Consumers increasingly opt for e-commerce platforms due to their ease of use, expedited delivery options, and exclusive discounts that are not typically available in physical retail stores. Furthermore, e-commerce platforms enable users to place pre-paid orders, providing them with the flexibility to schedule deliveries according to their preferences. The surging popularity of fast-fashion footwear and athletic footwear brands underscores the importance of a robust online presence for sportswear brands in today's market.
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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 |
175 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.6% |
Market growth 2025-2029 |
USD 303.9 billion |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
14.5 |
Key countries |
US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The fashion segment of online retail sales in the US is experiencing significant growth due to tech advancements and the rise of fashion e-commerce. Digital shelf analytics, social media marketing, and influencer-based live streaming are key trends shaping this industry. Gen Z shoppers are driving demand for luxury fashion, NFTs integration, and personalized recommendations. Fashion leaders and executives are embracing online businesses and digital platforms to meet consumer preferences for shopping convenience, seamless experiences, virtual try-on, and augmented reality. Sustainable fashion, ethical sourcing, and organic materials are also gaining popularity, with athletic apparel and loungewear leading the way in shopping patterns. Social media, online spending, and influencer marketing continue to shape the future of fashion e-commerce. Apparel innovation, including virtual fitting rooms and personalized recommendations, is also a major focus for online businesses.
The online fashion retail market in the US is a significant segment of the global broadline retail industry, which encompasses companies offering retail services, including department stores, online retailers, and marketplaces dealing in consumer discretionary merchandise. According to Technavio, the global broadline retail market's growth is driven by the increasing use of advanced mobile devices and high Internet penetration, enabling consumers to access on-demand fashion products and services online. This trend is particularly prominent in the fashion e-commerce sector, where tech advancements continue to revolutionize the shopping experience.. 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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