Online Fashion Retail Market Report 2023

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ONLINE FASHION RETAIL MARKET REPORT
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INTRODUCTION
In the past decade, increasing usage of the
internet has given new momentum to the online
fashion retail market. Rising demand for designer
dresses with different patterns and styles
followed by a continuous shift of shoppers in the
fashion sense has fuelled market growth in recent
years.
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KEY INSIGHTS
MARKET SIZE 771.90 Bn
2022
FORECAST 2,755 Bn
2030
CAGR 17.3
2023- 2030
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REVENUE MARKET SHARE BY SEGMENTS 2022
Clothing 75.56
PRODUCT TYPE
Women 65.23
END-USER
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GLOBAL ONLINE FASHION RETAIL MARKET REVENUE SHARE
FOR 2022
Europe 45.87
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DRIVERS
Evolution in online shopping along with the
emergence of technologies
RESTRAINTS
Lack of close examination and frauds in online
shopping
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Author's Perspective

• Online shopping saves time and it also avoids the
  pressure of sales representatives who enforced
  customers to buy products in physical stores.

• Customers are rapidly shifting from traditional
  desktops to smartphones, as consumers are
  becoming increasingly reliant on their
  smartphones to fulfil their every need which is
  giving momentum to the online fashion industry.

• The increasing number of working women and their
  spending capacity on apparel is the major factor
  to drive the online fashion retail market growth

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KEY PLAYERS
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