by The U.S. fashion ecommerce market caters to an array of apparel, footwear, and accessories for men, women, and children. Popular products sold through online fashion retailers include jeans, t-shirts, jackets, shoes, and handbags. The global fashion ecommerce industry has experienced rapid growth in recent years owing to the convenience of online shopping and access to a wide variety of products from different brands all in one place.
The global U.S. Fashion Ecommerce Market is estimated to be valued at US$ 108.01 Bn in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Growing Affinity for Online Shopping (as highlighted in the heading) is expected to drive growth of the U.S. Fashion Ecommerce Market over the forecast period. Consumers’ growing preference for online shopping over physical stores is a major driver. Online shopping provides benefits like time-saving, convenience of shopping 24/7 from anywhere, easy price and product comparisons, doorstep delivery, hassle-free returns and exchanges etc. Another key driver is the Growing Availability of a Wide Selection of Products from Multiple Brands at Competitive Prices. Online fashion retailers provide access to products from a variety of both national and international brands all under one virtual roof, along with option of comparing prices easily. This wide assortment of options coupled with competitive pricing attracts more customers to online channels.
Segment Analysis
The U.S. fashion ecommerce market can be segmented based on product type, end-user, and pricing. The apparel sub-segment dominates the market with over 60% share as Americans spend more on clothing and footwear online. Easy virtualtry and varied collection have boosted apparel ecommerce sales.
PEST Analysis
Political: No major regulations affect the market. The US aims to promote digital trade to support ecommerce growth.
Economic: The strong US economy and rising disposable incomes increase fashion spending. Online retail offers savings and convenience.
Social: Younger generations are primary online shoppers and embrace digital lifestyle. Social media influences trends and boosts brand discovery.
Technological: Advancements in virtual/augmented reality, AI, and mobile apps enhance the online shopping experience. 5G rollout will accelerate fashion ecommerce.
Key Takeaways
U.S. Fashion Ecommerce Market Demand is expected to witness high growth.
Regional analysis: The Western region dominates the U.S. fashion ecommerce market currently due to high urbanization and Internet penetration rates.
Key players operating in the U.S. Fashion Ecommerce Market are AngioDynamics, Inc, C.R. Bard, Inc, Teleflex Incorporated, B. Braun Melsungen AG, Medtronic Plc, Vygon Ltd., Cook Medical, Inc., Argon Medical Devices, Inc.,ICU Medical, Inc.,Theragenics Corporation, Becton, Dickinson and Company,icumedical, Polymedicure, Lepu Medical Technology (Beijing) Co.,Ltd., VOGT MEDICAL, Gilead Sciences, Inc and ZOLL Medical Corporation. Walmart’s acquisition of Jet.com in 2016 and Amazon’s expansion of fashion offerings are shaking up the industry.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
