Luxury Watch Global Market Report 2023 – By Type (Digital Watch, Analog Watch), By Distribution Channel (Internet Retailing, Departmental Stores, Specialist Retailers, Exclusive Showrooms, Other Distribution Channel), By End User (Men, Women, Unisex) – Market Size, Trends, And Global Forecast 2023-2032

A smartwatch is a computer-based wristwatch that provides many other features besides timekeeping such as monitoring the heart rate, tracking activity, and delivering day-round reminders. Smartwatches are used in medical, sports, gaming, and personal assistance. The main product types of smart watches are extension, standalone, classical and are applied in personal assistance, wellness, healthcare, sports and others areas. The extension smartwatches are known as companion smartwatches and require a tethered phone to work. The main type of display in smart watch are AMOLED, PMOLED and TFT LCD that use operating system such as watch OS, android/wear OS and other operating systems. The global smart watch market is segmented - 1) By Product: Extension, Standalone, Classical 2) By Application: Personal Assistance, Wellness, Healthcare, Sports, Other Applications 3) By Display Type: AMOLED, PMOLED, TFT LCD 4) By Operating System: Watch OS, Android/Wear OS, Other Operating Systems The global smart watch market size will grow from $60.14 billion in 2022 to $64.41 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global smart watch is expected to grow to $84.05 billion in 2027 at a CAGR of 6.9%. The increasing health awareness among consumers is a key factor driving the growth of the smartwatch market. Through a smartwatch, the user can take the necessary precautions in advance about health. The doctors can easily monitor the health status of patients remotely and can maintain, prescribe or treat them as required. For instance, in August 2022, Samsung Electronics, a South-Korea based company, announces Galaxy Watch5 Series. This Galaxy Watch5 series enables Bioactive sensor that allows for accurate digital health tracking and sleep monitoring. It incorporates a single, one-of-a-kind chip that combines three strong health sensors that are optical heart rate, electrical heart signal, and bioelectrical impedance analysis to provide comprehensive measurements such as heart rate, blood oxygen level, and even stress level. This increasing number of people are using digital tools such as smartwatch to address critical health needs rather than just exercise tracking. Therefore, the increase in health awareness among the consumer is expected to drive the smartwatch market growth. Major players in the smart watch market are Apple Inc., Garmin, Fitbit, Motorola, Sony Corporation, Samsung Electronics, LG Electronics, Huawei Technologies Co. Ltd., Fossil Group Inc., and Google Inc. The high cost of smartwatches is expected to hamper the growth of the smartwatches market. The accuracy required for designing and development of various devices including sensors, display, and small-sized semiconductor equipment with a core diameter of 10 micrometers along with raw materials requires a high range of expertise and high initial costs. Around 42 million smart watches were shipped in the first half of the year 2020. Therefore, high-cost smartwatches are expected to hinder the growth of the smartwatches market. Internet of things (IoT) driven smart watches is highly preferred choice of smart watches. Smart watches connected to the internet offer a wide range of features such as time, health monitoring, and fitness tracking, receives calls and messages, entertainment, cardless payments, and connectivity to other IoT devices to improve the quality of the user’s life. With increasing consumer’s interests towards health and fitness, convenience in day-to-day activities and smart homes, wearable IoT devices such as smart watches offer various features. in 2021, Samsung achieved highest quarterly shipments of smart watches with the launch of the Galaxy Watch 4 series. In February 2020, Titan Co. Ltd., the Tata Group’s watch and jewellery retailing arm, acquired Hug Innovations Inc. for an undisclosed amount. With this acquisition, Titan Co. Ltd. bought patented enhanced gesture identification technology from Hug Innovations. Hug Innovations is an India-based next-generation wearable and IoT platform company. Asia-Pacific was the largest region in the smart watch market in 2022. North America was the second-largest region in the global smart watch market share. The regions covered in the global smart watch market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the smart watch market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The smartwatch market consists of sales of extension smartwatches, standalone smartwatches, and classical smartwatches. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart watch market research report is one of a series of new reports from The Business Research Company that provides smart watch market statistics, including smart watch industry global market size, regional shares, competitors with a smart watch market share, detailed smart watch market segments, market trends and opportunities, and any further data you may need to thrive in the smart watch industry. This smart watch market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Clothing and clothing accessories stores are stores that sell clothing and clothing accessories to ultimate users from fixed locations. The clothing and clothing accessories stores ranges from small to large and offer various apparels based on consumer preferences. The major types of clothing and clothing accessories are clothing and apparel stores, jewellery and watch stores, optical goods stores, and footwear stores. Clothing and apparel stores refer to the shops that sell dresses, clothes, and apparel like shoes and other costume-related items. The two types of ownership are retail chain and independent retailer, both of which sell through an exclusive showroom and dealer store. The global clothing and clothing accessories stores market is segmented – 1) By Type: Clothing/Apparel Stores, Jewelry And Watch Stores, Optical Goods Stores, Footwear Stores 2) By End-User: Men, Women, Kids or Infants 3) By Ownership: Retail Chain, Independent Retailer 4) By Type of Store: Exclusive Showroom, Dealer Store The global clothing and clothing accessories stores market size will grow from $1,214.28 billion in 2022 to $1,301.87 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of clothing and clothing accessories stores is expected to grow to $1,636.51 billion in 2027 at a CAGR of 5.9%. Many clothing and accessories stores are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. For instance, the global retail analytics market will reach $5.1 billion in 2020. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for building materials and garden equipment and supplies dealers to identify and meet the needs and expectations of their customers, which is expected to drive the market going forward. Major companies in the clothing and clothing accessories stores market include TJX Companies Inc., LVMH Moet Hennessy Louis Vuitton SE, Industria De Diseno Textil SA, Hennes & Mauritz AB, Rajesh Exports, Fast Retailing Co. Ltd., Inditex, The Gap Inc., Associated British Foods plc, and L Brands Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the clothing and clothing accessories market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the clothing and clothing accessories stores market will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. Retail stores are increasingly using in-store automation to streamline retail shopping. Automation in retail stores is aimed at cutting costs and time involved in store operations such as container movement, merchandise scanning, inventory checking, retrieving, packaging, delivering products, and connecting with customers. Automation reduces waiting times, avoids stocking problems, enhances productivity, and improves the overall customer experience. Retailers are also focusing on using self-checkout stands for customers. Some of the major clothing retailers, such as Zara and Lifestyle, are using self-checkout systems. In June 2022, MishiPay self-checkout kiosk was launched to store 100% of store transactions all by the customers. Western Europe was the largest region in the clothing and clothing accessories stores market in 2022. North America was the second-largest region in the clothing and clothing accessories stores market share. The regions covered in the clothing and clothing accessories stores market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the clothing and clothing accessories stores market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The clothing and clothing accessories stores market includes revenues earned by entities by providing services through boutiques, designer stores, and specialty stores. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The clothing and clothing accessories stores market research report is one of a series of new reports from The Business Research Company that provides clothing and clothing accessories stores market statistics, including clothing and clothing accessories stores industry, clothing and clothing accessories stores market size, regional shares, competitors with a clothing and clothing accessories stores market share, detailed clothing and clothing accessories stores market segments, market trends and opportunities, and any further data you may need to thrive in the clothing and clothing accessories stores industry. This clothing and clothing accessories stores market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

A watch is a portable timepiece worn by individuals around the wrist and attached by a strap. A clock is a device used for measuring and indicating time, using pointers moving over a dial. A measuring device is an instrument used to measure various physical parameters. Watches, clocks, and measuring devices are used for measuring time and physical quantity. The main types of the watch, clock, and measuring devices are watches and clocks, measuring devices. A measuring instrument is a device that is used to estimate the quantity of a parameter. Measurement is the process of collecting and analyzing physical quantities of real-world objects and events in the physical sciences, quality assurance, and engineering. There are three price ranges: low, mid, and luxury.The various distribution channels are offline retail stores and online retail stores. The various end-users are women, men, and unisex. The global watch, clock, measuring device market is segmented - 1) By Type: Watches and Clocks, Measuring Devices 2) By Price Range: Low Range, Mid-Range, Luxury 3) By Distribution Channel: Offline Retail Stores, Online Retail Stores 4) By End User Sex: Women, Men, Unisex The global watch, clock, measuring device market size will grow from $93.38 billion in 2022 to $104.21 billion in 2023 at a compound annual growth rate (CAGR) of 11.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global watch, clock, measuring device market size is expected to grow to $156.4 billion in 2027 at a CAGR of 10.7%. The rise in disposable incomes was a major driver of the watch, clock, and measuring device market. The rise in disposable incomes was mainly driven by economic growth and middle-class population growth in developing countries such as China, India, and Brazil. According to the World Bank, the world’s middle-class population – defined as earning between $10 and $100 per day – increased from approximately 1.5 to 2 billion. Moreover, China’s economy grew by 6.9% and India’s GDP grew by 7.1%. Increased earnings greatly increased disposable incomes in emerging markets, contributing to the watch, clock, and measuring device market growth. Major players in the watch, clock, and measuring device markets are Apple Inc., Fitbit Inc., Samsung Electronics Co., Ltd., Garmin Ltd., Huawei Investment & Holding Co., Ltd., Lvmh Moet Hennessy Louis Vuitton SE, and Rolex SA. Rising trade protectionism acts as a major challenge in the watch, clock, and measuring device market. Trade protectionism is characterized as a country, or a group of countries working related as an exchange alliance, making exchange boundaries with the particular objective of protecting its economy from the potential dangers of worldwide trading. The target of trade protectionism is to ensure a country's fundamental monetary interests, for example, its key ventures, wares, and work of laborers. A wide number of trade barriers have been introduced since mid-2018, the major one has been higher tariffs on bilateral trade between the US and China. This increase in protectionism has contributed to a slowdown in global growth through direct effects on trade flows, supply chains, and import costs, and indirect effects on business sentiment, uncertainty, and investment around the world. Therefore, rising trade protectionism will negatively impact the watch, clock, and measuring device market growth. Internet of things (IoT) driven smartwatches are the highly preferred choice of watches. Smartwatches connected to the internet offer a wide range of features such as time, health monitoring, fitness tracking, receiving calls and messages, entertainment, cardless payments, and connectivity to other IoT devices to improve the quality of the user’s life. With increasing consumers’ interests in health and fitness, convenience in day-to-day activities, and smart homes, wearable IoT devices such as smartwatches offer various features. G For instance, in February 2021, according to Eurostat, the Luxembourg-based statistical office of the European Union, responsible for publishing high-quality statistics, the use of smartwatches, fitness bands, internet-linked goggles or headsets, and other internet-connected accessories was reported by nearly one-fifth (19%) of EU citizens ages 16 to 74. Moreover, younger individuals (aged 16–24) utilized these smart wearables more frequently (28%) than older individuals (aged 25–54) (23%), who were followed by older individuals (aged 55–64) with 11%. In February 2020, Titan Company Limited, an India-based company operating in fashion accessories such as jewelry, watches, and eyewear acquired HUG Innovations Corp. for an undisclosed amount. Through this acquisition, Titan Company Limited aims to strengthen its product portfolio in connected wearable devices. HUG Innovations Corp. is an India-based company operating in smartwatches. The Asia-Pacific was the largest region in the watch, clock, measuring device market in 2022. North America is the second-largest region in the global watch, clock, measuring device market share. The regions covered in the global watch, clock, measuring device market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the watch, clock, measuring device market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The watch, clock, and measuring device market consists of sales of alarm clocks, clock materials and parts, time clocks, wall clocks, electrodes, level and bulk measuring instruments, nanofluidic measurement and control devices, orifice plates, and other watches, clock, measuring devices. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The watch, clock, measuring device market research report is one of a series of new reports from The Business Research Company that provides watch, clock, measuring device market statistics, including watch, clock, measuring device industry global market size, regional shares, competitors with a watch, clock, measuring device market share, detailed watch, clock, measuring device market segments, market trends and opportunities, and any further data you may need to thrive in the watch, clock, measuring device industry. This watch, clock, and measuring device market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Fast fashion refers to a strategy to the design, development, and marketing of apparel designs that places an emphasis on giving consumers access to fashion trends fast and affordably. Fast fashion means garments that move quickly from the catwalk to the stores to meet the new trends. Fast fashion clothing collections are supported by the foremost recent fashion trends presented at Fashion Week. The main types of fast fashion are pants, coat, skirt and others. Skirt is defined as the garment worn by women and girls that are secured around the waist and hang down around the legs. It is available in different genders such as women's wear, men's wear and various age including adult’s wear, teens wear, kids wear and others. The global fast fashion market is segmented – 1) By Gender: Women's wear, Men's wear 2) By Age: Adults wear, Teens wear, Kids wear, Other Ages 3) By Type: Pants, Coat, Skirt, Other Types The global fast fashion market size will grow from $106.42 billion in 2022 to $122.98 billion in 2023 at a compound annual growth rate (CAGR) of 15.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global fast fashion is expected to grow to $184.96 billion in 2027 at a CAGR of 10.7%. Increasing adoption of affordable clothes by the rising youth population drove the fast fashion market. According to the United Nations estimates of the world’s youth population, in 2019 the youth population totalled 1.2 billion and it’s projected to grow by 7.9% to 1.3 million by 2030. The youth population is attracted to unique, trendy, and affordable clothes. The apparel manufacturing companies are therefore focusing on bringing fashion clothes from the most recent fashion trends presented in fashion week. The growing preference for affordable fast fashion clothes by the increasing youth population boosted the fast fashion market. Major players in the fast fashion market are Zara (Inditex), H&M Group, Fast Retailing (Uniqlo), Gap, Forever 21, Mango, Esprit, Primark, New Look, and River Island. Worker's low living wages and poor working conditions hamper the growth of fast fashion. In the fashion industry, the workers, women especially (women represent nearly 80% of the world’s garment workers), are paid very less. Women also face workplace abuses. According to the Global Labour Justice report, female garment workers in top companies of fast fashion in Asia face exploitation and mistreatment which includes poor conditions of work, low salaries, and overtime which leads to a lack of efficiency. By this, most people will not prefer the fashion industry to work. Therefore, low wages and terrible working conditions are affecting the growth of the fast fashion market. Virtual and augmented reality is being used by online and offline retailers in the fast fashion market. The use of virtual or augmented reality in the fast fashion market is to fill the gap between online and offline channels. These technologies enable the customer to try the product and see how it looks when they try the clothes or make-up on them by using virtual reality mirrors or cameras in their smart phones. For instance, applications such as Dressing Room are using augmented reality technology to enable shoppers to try outfits on an avatar. Virtual and augmented reality enhances in-store experience and this is driving the market for fast fashion. Western Europe was the largest region in the fast fashion market in 2022. Asia-Pacific was the second largest region in the global fast fashion market share. The regions covered in the global fast-fashion market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the fast fashion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The fast fashion market consists of sales of polyester, acrylic, and nylon. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The fast fashion market research report is one of a series of new reports from The Business Research Company that provides fast fashion market statistics, including fast fashion industry global market size, regional shares, competitors with a fast fashion market share, detailed fast fashion market segments, market trends and opportunities, and any further data you may need to thrive in the fast fashion industry. This fast fashion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Ethical fashion refers to design, production, and distribution of clothing that prioritises minimising harm to people and the environment In the best case scenario, it helps all parties involved in the supply chain and improves everyone's future, not just that of the top tier. The social impact and principles underlying a brand's label are important to ethical fashion. It focuses on both the social and environmental impact of fashion, and improving the working conditions of labourers. The main types of ethical fashion are fair trade, animal cruelty free, eco-friendly, and charitable brands. Any brand or line that tries to reduce its influence on the environment, as well as the health of consumers and the working conditions of those who make the clothes, is considered eco-friendly fashion. The various products include organic, manmade/regenerated, recycled, natural that are used by men, women, and kids. The global ethical fashion market is segmented – 1) By Type: Fair trade, Animal cruelty free, Eco friendly, Charitable brands 2) By Product: Organic, Manmade/regenerated, Recycled, Natural 3) By End-User Sex: Men, Women, Kids The global ethical fashion market size will grow from $7.57 billion in 2022 to $8.17 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ethical fashion market size is expected to grow to $11.12 billion in 2027 at a CAGR of 8.0%. The growing awareness of the adverse effects of the textile industry on the environment is encouraging customers to opt for ethical fashion materials. The farms that grow raw materials used to make fabrics, including crops like cotton, flax, and hemp, need a lot of water. Up to 20,000 litres of water are needed to produce just 1kg of cotton. To protect these crops, some farmers use lots of pesticides and herbicides that end up in the environment. Manufacturing rayon, an artificial fabric made from wood pulp, has emerged in the loss of many old-growth forests. During the process that transforms it into the fabric, the pulp is treated with dangerous chemicals that eventually get their move into the environment. Considering these processes that harm the environment, people are shifting towards environment-friendly materials, and this factor is contributing to the growth of the ethical fashion market. Major players in the ethical fashion market are Christian Dior SE, H&M AB, NIKE Inc., Adidas AG, Pact, Tentree, Everlane and Eileen Fisher. Ethical fashion is becoming increasingly popular globally however the high cost for cloth is hampering the growth of the ethical fashion market. Every piece of clothing is handmade on a sewing machine by someone, somewhere. Paying to people will largely impact on the cost of clothing. Ethically run sewing facilities pay their employees well and offer important human rights for a safe working environment. Choosing to manufacture with these ethical mills drives up the costs significantly for Ethical fashion brands. Natural resources are being used as alternatives for complex and adversely affecting chemicals-based textiles. Chemicals such as chromium which are toxic are heavily used in the leather tanning process. To address the concerns with toxic chemicals, Carmen Hijosa, founder of Ananas Anam, developed 'Pinatex', a natural leather alternative made from cellulose fibres extracted from pineapple leaves as an alternative to it and other petroleum-based textiles. The industrial process used to create Pinatex produces biomass, which can be converted into a fertilizer that farmers can spread into their soil to grow the next pineapple harvest. The use of natural and sustainable materials is current trend in ethical fashion market. In July 2022, Delta Galil, an Israel-based textile firm, acquired Organic Basics for an undisclosed amount. With this acquisition, Delta Galil intends to launch the Organic Basics brand and expand its product line to include things for infants and children as well as new products for both women and men. Organic Basics is a Denmark-based company that creates ethical and sustainable underwear, t-shirts and essentials. Asia-Pacific was the largest region in the ethical fashion market in 2022. Western Europe was the second largest region in the global ethical fashion market share. The regions covered in the global ethical fashion market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the ethical fashion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The ethical fashion market includes revenues earned by entities by organic, natural, biodegradable, recycled or repurposed fabrics. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The ethical fashion market research report is one of a series of new reports from The Business Research Company that provides ethical fashion market statistics, including ethical fashion industry global market size, regional shares, competitors with a ethical fashion market share, detailed ethical fashion market segments, market trends and opportunities, and any further data you may need to thrive in the ethical fashion industry. This ethical fashion market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Fashion ecommerce is the online buying and selling of clothing and accessories. Fashion goods include fashion accessories, clothes, shoes, bags, jewelry, cosmetics, and other luxury goods. The main products of fashion e-commerce are apparel and clothing, accessories, footwear, cosmetics, and other products. Accessories refer to items of equipment that are not usually essential, but which are used with or added to something else to make it more efficient, useful, or decorative. The different model types are business to business (B2B) and business to consumer (B2C). The various end-users involved are men, women, and children. The global fashion e-commerce market is segmented – 1) By Product: Apparel/Clothing, Accessories, Footwear, Cosmetics, Other Products 2) By End User: Men, Women, Children 3) By Model Type: Business to Business (B2B), Business to Consumer (B2C) The global fashion e-commerce market size will grow from $744.4 billion in 2022 to $821.19 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global fashion e-commerce is expected to grow to $1,222.32 billion in 2027 at a CAGR of 10.5%. The increasing use of the internet and smartphones is expected to contribute to the expansion of the fashion e-commerce industry. According to the DataReportal, the number of smartphone users in 2020 reached 5.22 billion which was about 66% of the world’s population. This has also led to an increase in the number of online shoppers. This scenario is anticipated to boost the demand for fashion and other e-commerce markets, generating higher revenue for the online fashion industry over the forecast period. Major players in the fashion e-commerce market are Amazon, Flipkart, Alibaba, Snapdeal, eBay, Myntra, ShoClues, AliExpress, HomeShop18, and Jabong. Rules concerning website content and the safety of consumer information are predicted to limit the growth of the market. The rules and regulations for companies about the content of the website make it difficult for players to manage their business. A major concern is mandating the use of local languages on their websites, as in countries with more than one local official language, it results in a higher cost for the companies dealing with online retail. This scenario is projected to act as a restraint for the fashion e-commerce market. Weakening brand trust and loyalty and high return rates are other major concerns for the growth of the fashion e-commerce market. The decline in brand loyalty can be due to several factors, including product quality, a lack of selection options, or better prices elsewhere. This, in turn, is a reason for the high return rates. The integration of artificial intelligence in fashion e-commerce is a key trend gaining popularity in the market. Companies in the market are focusing on building personalized experiences for buyers. The integration of AI with algorithms are designed to stimulate conversations with the potential buyers and provide style suggestions by using algorithms to suggest products that the customer might like. For example, in 2022, Sweden based clothing company, H&M Group partnered with US based cloud computing services provider, Google Cloud to enable stronger customer experiences and optimize internal supply chains with advanced machine learning (ML) and artificial intelligence (AI) capabilities. The collaboration includes an enterprise data backbone with a core data platform, for enhancing H&M’s customer experience and supply chain enablement. Earlier the company had teamed up with Google to provide AI-based style suggestions for every individual by analyzing their activities and interests over one week. In October 2022, V-mart, a Mumbai-based value retail chain, acquired LimeRoad for an undisclosed amount. The acquisition would combine expertise of both the companies and deliver trending fashion offerings to their consumers. LimeRoad is a Delhi-based online Fashion marketplace. Asia-Pacific was the largest region in the fashion e-commerce market in 2022. Western Europe was the second largest region in the global fashion e-commerce market share. The regions covered in the global fashion e-commerce market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the fashion e-commerce market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The fashion e-commerce market includes revenues earned by entities by several online platforms and tools for trading fashion products. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The fashion e-commerce market research report is one of a series of new reports from The Business Research Company that provides fashion e-commerce market statistics, including fashion e-commerce industry global market size, regional shares, competitors with a fashion e-commerce market share, detailed fashion e-commerce market segments, market trends and opportunities, and any further data you may need to thrive in the fashion e-commerce industry. This fashion e-commerce market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The e-commerce market consists of sales of merchandise such as apparel, electronics, furniture, books, cosmetics, and other products through online channels. This industry includes e-commerce and m-commerce companies that offer home delivery services. The sales transaction between the retailers and their customers is typically done through the use of information technology, including the telephone and the internet, and the delivery of merchandise is typically done through the mail or couriers. The e-commerce industry also includes direct mailers who are selling their merchandise and retail through online websites. The main model types of e-commerce are business to business (B2B) and business to consumer (B2C). Business-to-business (B2B) refers to a form of transaction between businesses, like one involving a manufacturer and a wholesaler, or a wholesaler and a retailer. The various payment modes involved are card payments, bank transfers, digital wallets, cash payments, and other payment modes. The applications included are home appliances, clothing and footwear, books, cosmetics, baby goods, groceries, and other applications. The global e-commerce market is segmented - 1) By Model Type: Business to Business (B2B), Business to Consumer (B2C) 2) By Payment Mode: Card Payments, Bank Transfers, Digital Wallets, Cash Payments, Other Payment Modes 3) By Application: Home Appliances, Clothing and footwear, Books, Cosmetics, Baby Goods, Groceries, Other Applications The global e-commerce market size will grow from $2,837.76 billion in 2022 to $3,183.16 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global e-commerce is expected to grow to $4,902.06 billion in 2027 at a CAGR of 11.4%. Rising internet penetration and the growing use of smartphones are predicted to contribute to the growth of the e-commerce market. The growing usage of the internet and smartphones is shifting consumer preferences towards online shopping. According to We Are Social’s special report on Digital 2020 published in January 2020, the total internet users across the globe in 2020 increased to 4.54 billion, with a growth of 298 million or 7% in comparison with January 2019. Moreover, the number of mobile users was 5.19 billion in 2020, which increased by 124 million, or 2.4%, in 2019. Therefore, increasing internet penetration coupled with the growing number of people using smartphones is projected to boost the demand for the growth of e-commerce market over the forecast period. Major players in the e-commerce market are Amazon.com Inc., JD.com Inc., Suning Commerce Group Co. Ltd., Apple Inc., Walmart Inc., Dell Technologies Inc., Vipshop Holdings Ltd., Gome Electrical Appliances Holding Ltd., Macy’s Inc., and Otto Group. Stringent regulations and vertical restraints imposed on the e-commerce sector are expected to limit the growth of the e-commerce industry in the near future. Vertical restraints such as platform parity agreements (APPA), geo-blocking, most favoured nation (MFN), geo-filtering, and advertising restrictions will pose a significant challenge to e-commerce players. For instance, in June 2020, the government of India issued draft rules to amend the consumer protection (E-Commerce) rules 2020. Therefore, the stringent regulation imposed on functioning and advertising makes it difficult for e-commerce players to manage their operations, thus adversely impacting the growth of the e-commerce industry over the forthcoming years. Increasing government and companies’ initiatives to promote e-commerce sales is a leading trend in the e-commerce market. According to Entracker’s news published in April 2022, Indian government launched pilot phase of Open network for digital commerce (ONDC) to democratize e-commerce sector to facilitate e-commerce of small retailers. which is projected to boost the sector's growth in the country. In April 2022, Flipkart, a Bengaluru-based e-commerce company, acquired ANS Commerce for an undisclosed amount. The acquisition would strengthen the online retail ecosystem of flipkart. ANS Commerce is an India-based e-commerce services provider. North America was the largest region in the e-commerce market in 2022. Asia-Pacific was the second largest region in the global e-commerce market share. The regions covered in the global e-commerce market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the e-commerce market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The e-commerce market consists of revenues earned by entities by providing e-commerce services such as drop shipping, crowdfunding, and subscription. The market value includes the value of related goods sold by the service provider or included within the service offering. The e-commerce market also includes sales of as apparel, electronics, furniture, books, grocery and cosmetics. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The e-commerce market research report is one of a series of new reports from The Business Research Company that provides e-commerce market statistics, including e-commerce industry global market size, regional shares, competitors with an e-commerce market share, detailed e-commerce market segments, market trends and opportunities, and any further data you may need to thrive in the e-commerce industry. This e-commerce market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Retailers are independent organizations in the distribution channel for consumer goods that buy goods from wholesalers or direct from producers, break bulk, store goods, display goods for sale either physically or online, sell to ultimate users and sometimes deliver. Wholesalers are independent organizations in the distribution channel for consumer goods that buy in bulk, store goods, break bulk and sell merchandise primarily to retailers, professional authorities or to other wholesalers rather than to consumers. The main types of retail and wholesale are retail and wholesale. Retail refers to the sale of items to the general public in relatively small amounts to be used or consumed rather than reselling them. The ownership forms include wholesale/distribution chains and independent wholesalers having premium, mid-range, and economy prices. The global retail and wholesale market is segmented – 1) By Type: Retail, Wholesale 2) By Ownership: Retail Chain/Wholesale Chain, Independent Retailer/Independent Wholesalers 3) By Price Range: Premium, Mid-Range, Economy 4) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Department Stores, Specialty Stores, Online, Other Distribution Channels Subsegments Covered: Motor Vehicle And Parts Dealers, Food And Beverage Stores, Gasoline Stations, Miscellaneous Store Retailers, Cosmetics And Personal Care Stores, Clothing And Clothing Accessories Stores, Electronics And Appliance Stores, Furniture And Home Furnishings Stores, Supermarkets And Hypermarkets, Convenience, Mom And Pop Stores, Department Stores And Other General Merchandise Stores, Ecommerce And Other Non-Store Retailers, Building Material and Garden Equipment and Supplies Dealers, Pharmacies and Healthcare Stores, Sporting Goods, Hobby, Musical Instrument, and Book Stores,, Non-Durable Goods Wholesalers, Wholesale Electronic Markets And Agents And Brokers, Durable Goods Wholesalers The global retail and wholesale market size will grow from $71,851.27 billion in 2022 to $77,227.77 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of retail and wholesale is expected to grow to $99,195.76 billion in 2027 at a CAGR of 6.5%. Many retailers and wholesalers are adopting a robust and cohesive strategy for data analytics in management. This technology is being deployed to enhance supply chain efficiency, streamline operations to engage customers, and build loyalty. Data has become critical for most retail operations. With the rapid growth in retail data and the availability of technologies to analyze data, it will become easier for retailers to identify and meet the needs and expectations of their customers. This is expected to drive the market going forward. Major companies in the retail and wholesale market include Walmart Inc., Sinopec Limited, Amazon.com Inc., PetroChina Company Limited, AmerisourceBergen Corp, CVS Health Corporation, Costco Wholesale Corp, McKesson Corporation, Walgreens Boots Alliance Inc., and The Kroger Co. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the retail and wholesale markets in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and has spread globally, including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in the manufacture and trade of non-essential goods and an overall decline in economic activity with countries entering a state of "lock down" and the outbreak having a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the retail and wholesale markets will recover from the shock over the forecast period as it is a "black swan" event and not related to ongoing or fundamental weaknesses in the market or the global economy. The retail and e-commerce markets are increasingly investing in drones to reduce delivery times and increase profitability. A drone is an unmanned aerial vehicle (UAV) that is remotely controlled or flies autonomously using software-controlled flight plans in its systems. Using a drone for delivery allows retailers to cut costs and help provide customers with their products earlier than traditional delivery methods. For example, Amazon has been investing in its Prime Air deliveries via drones, which claim to complete the delivery within 30 minutes. Amazon has started delivery trials via drones in the UK but is still waiting for regulatory approval in the US. Asia-Pacific was the largest region in the retail and wholesale market in 2022. North America was the second-largest region in the retail and wholesale market share. The regions covered in the retail and wholesale market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the retail and wholesale market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The retail and wholesale markets consist of revenue earned by entities by retailing and wholesaling merchandise. Retailers sell merchandise to the general public for personal or household consumption, but some also serve business and institutional clients. Wholesalers sell merchandise to other businesses and normally operate from a warehouse or office. This includes merchant wholesalers that sell goods on their own account and agents and brokers that arrange sales and purchases for others generally for a commission or fee. Retailers and wholesalers take ownership of the goods and bear the risk of carrying inventory. They also reduce the total number of transactions required for the process of transferring goods from producers to consumers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The retail and wholesale market research report is one of a series of new reports from The Business Research Company that provides retail and wholesale market statistics, including retail and wholesale industry, global retail and wholesale markets size, regional shares, competitors with a retail and wholesale market share, detailed retail and wholesale market segments, market trends and opportunities, and any further data you may need to thrive in the retail and wholesale industry. This retail and wholesale market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.