Global Online Apparel Retailing Market 2017-2021
About Online Apparel Retailing
Online apparel refers to clothing for women, men, and children available online. It is categorized into upper wear, bottom wear, and other clothes and accessories required by women, men, and children. Comfort, cost-effectiveness, and product variety provided by online apparel retailers further drive the market growth.
Technavio’s analysts forecast the global online apparel retailing market to grow at a CAGR of 13.65% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global online apparel retailing market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Online Apparel Retailing Market 2017-2021
Technavio recognizes the following companies as the key players in the global online apparel retailing market: Alibaba Group, Amazon.com, JD.com, Rakuten and Walmart.
Other Prominent Vendors in the market are: American Apparel, Benetton, Cotton On, Diesel, Dolce & Gabbana, DKNY, Giordano International, Levi Strauss, Ralph Lauren and Wovenplay.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is mobile commerce and network marketing. The increase in mobile commerce is driven by consumers who are purchasing new phones and from retailers who are creating more opportunities for the buyers to shop. Some of the major retailers such as Amazon.com, Flipkart, Alibaba Group, and L'Oréal have launched mobile applications in addition to their websites.”
According to the report, one driver in the market is demand for trendy apparel. Consumers buy apparel not only to fulfil their basic need for clothing in professional settings, on special occasions, or at social gatherings but also to appear presentable and fashionable. Consumers' desire to look fashionable and stylish has been driving the apparel market globally, particularly the sale of dresses, coats, jackets, and suits.
Further, the report states that one challenge in the market is presence of counterfeit products. Over the past few years, counterfeits of leading women's apparel brands have flooded the market. These products use original brand names and are priced lower than the original products to attract customers. Therefore, counterfeit products are causing a considerable dent in the market shares of leading popular brands by damaging their reputations.
Alibaba Group, Amazon.com, JD.com, Rakuten, Walmart, American Apparel, Benetton, Cotton On, Diesel, Dolce & Gabbana, DKNY, Giordano International, Levi Strauss, Ralph Lauren and Wovenplay.
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