The North America E-commerce Fashion Accessories Market would witness market growth of 14.7% CAGR during the forecast period (2023-2030).
E-commerce facilitates an efficient purchasing experience by giving consumers access to market data, which enables them to evaluate various factors associated with accessories whose adoption and utilization are rising. In addition, the rising popularity of smartphones, access to the internet, eCommerce, and social media all contribute to the expansion of the market. Using the available filtering system, users can rapidly locate products that meet their specific needs and requirements.
As a result of providing consumers with market information, e-commerce facilitates an efficient purchasing experience. This information includes price comparisons, brand values, the availability of a product, and others. The market provides highly personalized products and offers to consumers or end users. It also provides the consumer with a review system that enables them to gain a better understanding of the product before purchase. In addition, they can return the products swiftly if necessary, owing to return policies.
E-commerce enables users to purchase or explore fashion accessories regardless of location or time. Moreover, it is convenient and saves the user or consumer a great deal of time, which increases its popularity among the global population and consequently drives market expansion. In addition, eCommerce provides users with a vast selection of fashion accessories from which to choose.
According to Statistics Canada, the proportion of online retail sales to total retail sales in Canada grew from 3.9% in 2019 to 6.2% in 2022. In 2020 and 2021, at the pandemic's peak, the proportion of retail e-commerce sales was 6.6% and 6.9%, respectively. E-commerce allows Canadians to access a broad range of fashion accessories worldwide. This global reach expands the market's customer base and provides access to different styles, brands, and price points.
According to the Government of Canada, in 2020, e-commerce was the highest non-store distribution channel in Mexico, totaling US$16.2 billion (70.5%) in non-store retailer sales. In 2020, the percentage of Mexican households with access to the internet was 58.4%. Mexico has seen a notable increase in internet penetration, with more people gaining access to the internet. This expanded online user base provides fertile ground for e-commerce growth. As technology and consumer behavior evolve, the market in Mexico is expected to experience further growth and innovation, offering consumers an ever-expanding array of choices and convenience in their shopping experiences. Due to the above factors, the market will boost in this region.
The US market dominated the North America E-commerce Fashion Accessories Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $75,805.8 million by 2030. The Canada market is exhibiting a CAGR of 17.3% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 16.3% during (2023 - 2030).
Based on Product Type, the market is segmented into Watches & Jewelry, Luggage & Bags, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include H & M Hennes & Mauritz AB, Walmart, Inc., Amazon.com, Inc., Nike, Inc., Industria de Diseno Textil, S.A. (Inditex S.A.), eBay, Inc., ASOS Plc (Frasers Group), Revolve Group, Inc., Zalando SE, and Nordstrom, Inc.
E-commerce facilitates an efficient purchasing experience by giving consumers access to market data, which enables them to evaluate various factors associated with accessories whose adoption and utilization are rising. In addition, the rising popularity of smartphones, access to the internet, eCommerce, and social media all contribute to the expansion of the market. Using the available filtering system, users can rapidly locate products that meet their specific needs and requirements.
As a result of providing consumers with market information, e-commerce facilitates an efficient purchasing experience. This information includes price comparisons, brand values, the availability of a product, and others. The market provides highly personalized products and offers to consumers or end users. It also provides the consumer with a review system that enables them to gain a better understanding of the product before purchase. In addition, they can return the products swiftly if necessary, owing to return policies.
E-commerce enables users to purchase or explore fashion accessories regardless of location or time. Moreover, it is convenient and saves the user or consumer a great deal of time, which increases its popularity among the global population and consequently drives market expansion. In addition, eCommerce provides users with a vast selection of fashion accessories from which to choose.
According to Statistics Canada, the proportion of online retail sales to total retail sales in Canada grew from 3.9% in 2019 to 6.2% in 2022. In 2020 and 2021, at the pandemic's peak, the proportion of retail e-commerce sales was 6.6% and 6.9%, respectively. E-commerce allows Canadians to access a broad range of fashion accessories worldwide. This global reach expands the market's customer base and provides access to different styles, brands, and price points.
According to the Government of Canada, in 2020, e-commerce was the highest non-store distribution channel in Mexico, totaling US$16.2 billion (70.5%) in non-store retailer sales. In 2020, the percentage of Mexican households with access to the internet was 58.4%. Mexico has seen a notable increase in internet penetration, with more people gaining access to the internet. This expanded online user base provides fertile ground for e-commerce growth. As technology and consumer behavior evolve, the market in Mexico is expected to experience further growth and innovation, offering consumers an ever-expanding array of choices and convenience in their shopping experiences. Due to the above factors, the market will boost in this region.
The US market dominated the North America E-commerce Fashion Accessories Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $75,805.8 million by 2030. The Canada market is exhibiting a CAGR of 17.3% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 16.3% during (2023 - 2030).
Based on Product Type, the market is segmented into Watches & Jewelry, Luggage & Bags, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include H & M Hennes & Mauritz AB, Walmart, Inc., Amazon.com, Inc., Nike, Inc., Industria de Diseno Textil, S.A. (Inditex S.A.), eBay, Inc., ASOS Plc (Frasers Group), Revolve Group, Inc., Zalando SE, and Nordstrom, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product Type- Watches & Jewelry
- Luggage & Bags
- Others
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- H & M Hennes & Mauritz AB
- Walmart, Inc.
- com, Inc.
- Nike, Inc.
- Industria de Diseno Textil, S.A. (Inditex S.A.)
- eBay, Inc.
- ASOS Plc (Frasers Group)
- Revolve Group, Inc.
- Zalando SE
- Nordstrom, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
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- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. North America E-commerce Fashion Accessories Market by Product Type
Chapter 6. North America E-commerce Fashion Accessories Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- H & M Hennes & Mauritz AB
- Walmart, Inc.
- Amazon.com, Inc.
- Nike, Inc.
- Industria de Diseno Textil, S.A. (Inditex S.A.)
- eBay, Inc.
- ASOS Plc (Frasers Group)
- Revolve Group, Inc.
- Zalando SE
- Nordstrom, Inc.
Methodology
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