Global Fashion E-Commerce Market Size 2024, Forecast To 2033

11 Mar, 2024

The fashion e-commerce market has experienced rapid growth in recent years, escalating from $821.19 billion in 2023 to $905.62 billion in 2024, marking a compound annual growth rate (CAGR) of 10.3%. This growth in the historical period is attributed to the increase in the online mode of payment, a rise in disposable income, increased internet penetration, and a low-interest rate environment. Looking ahead to 2028, the market is projected to witness rapid growth, reaching $1356.74 billion with a CAGR of 10.6%. The forecasted growth in the coming years can be linked to the increasing adoption of new payment modes, rising awareness about e-commerce, global economic growth, increasing mobile phone penetration, changing customer preferences, and rapid urbanization. Key trends during this period include the use of artificial intelligence (AI)-powered virtual assistants, augmented reality, a growing demand for sustainable and ethical fashion, and a call for companies to invest in social media marketing tactics to increase profits.

Global Fashion E-Commerce Market Key Driver

The expansion of the fashion e-commerce sector is foreseen to be fueled by the growing prevalence of internet usage and smartphone adoption. Notably, in February 2023, Uswitch Limited, a UK-based financial conduct authority, reported that the UK witnessed a 3.8% surge in mobile connections, reaching 71.8 million in 2022, reflecting an increase of approximately 2.6 million from 2021. As the UK population is projected to reach 68.3 million by 2025, with an estimated 95% owning smartphones (around 65 million individuals), this trend is expected to lead to a rise in online shoppers. The resultant surge in demand is poised to significantly enhance the prospects of the fashion and broader e-commerce markets, thereby contributing to increased revenue for the online fashion industry throughout the forecast period.

Get A Free Sample Of The Global Fashion E-Commerce Market Report

Global Fashion E-Commerce Market Segments

The fashion e-commerce market covered in this report is segmented –
1) By Product: Apparel/Clothing, Accessories, Footwear, Cosmetics, Other Products
2) By Model Type: Business to Business (B2B), Business to Consumer (B2C)
3) By End User: Men, Women, Children
By Geography:The regions covered in the fashion e-commerce market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain Asia-Pacific was the largest region in the fashion e-commerce market in 2023. Western Europe was the second largest region in the global fashion e-commerce market share. The regions covered in the fashion e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Major Fashion E-Commerce Industry Players

Amazon, Zalando, Alibaba, eBay, Flipkart, ASOS, Stitch Fix, Boohoo.com, Global Fashion Group, Farfetch, Myntra, Jabong, Snapdeal, PayTM, Shopclues, Ajio, MERCARI, Zozo Town, Mash Style Lab, Trinity Arts, FIVEFOXes, F.O. International, Onwards Kashiyama, Origami, H&M, Zara, JD.com, Meituan, Bestseller Fashion Group China, Jack & Jones, Hodo, Threegun, Saint Angelo, LILANZ and Mercury Home Textile, Ted Baker, GAP, zalando.de, bonprix.de, otto.de, eBay Kleinanzeigen, Blisly, RedFox, Oodji, BTC Group, Melon Fashion Group, Aliexpress.ru, Ozon.ru, Eldorado.ru, Dns-shop.ru, Mvideo.ru, Wildberries.ru, Ulmart.ru, eBay.ru, Lamoda.ru, Citilink.ru, Macys, Nordstorm, Revolve, Net-a-porter, Mercadolibre, Amazon Brazil, Americanas, Magalu, Netshoes, Submarino, Shoptime, Noon, Ounaas, Sivvi, Ourshopee, Next UAE, Industrie Africa, Afrikrea, Kisua, The Folklore.

Get The Full Global Fashion E-Commerce Market Report

Fashion E-Commerce Market Overview

Fashion e-commerce is the online buying and selling of clothing and accessories. Fashion goods include fashion accessories, clothes, shoes, bags, jewelry, cosmetics, and other luxury goods.

Fashion E-Commerce Global Market Report 2023 provides data on the global fashion e-commerce market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The fashion e-commerce market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.