This Fashion Retailing market report provides a comprehensive analysis of the market’s characteristics, size, and growth, including segmentation, regional and country-level breakdowns, competitive landscape, market shares, trends, and strategies. It also tracks historical and forecasted market growth across various geographies.
The fashion retailing market size has grown strongly in recent years. It will grow from $92.58 billion in 2024 to $99.81 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growing disposable income, affordability and accessibility of fast fashion products, consumer preference for online shopping and eCommerce platforms, increase in making and purchasing of business attire, and big fashion brands shifting to the online retailing.
The fashion retailing market size is expected to see strong growth in the next few years. It will grow to $133.02 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to increasing demand for fashionable products, growing online sales, increasing focus on product innovation, increasing demand for sustainable fashion products, and growing acceptance of digital payment systems. Major trends in the forecast period include technological advancements, rising global as well as local online fashion retailers, growth of retail experience, advent of AR and VR technologies in fashion shopping, and eco-friendly & moral clothing.
The rapid expansion of the working population is expected to drive growth in the fashion retailing market. This increase is due to demographic changes, urbanization, economic development, higher education levels, a growing female workforce, and immigration. Fashion retailing caters to the working population by providing convenient access to professional and stylish clothing that enhances confidence and suits workplace environments. For example, in June 2024, the Office for National Statistics, a UK-based government agency, reported that the total number of Workforce Jobs (WFJ) in the UK rose by 431,000 from the previous year, reaching 37.2 million in March 2024. Thus, the expanding working population is fueling the growth of the fashion retailing market.
Leading companies in the fashion retailing market are increasingly focusing on artificial intelligence (AI) to gain a competitive edge. AI applications in fashion retail use algorithms to create personalized shopping experiences, optimize inventory management, and enhance customer service. For instance, in May 2023, Zyler, a UK-based virtual fashion try-on company, introduced an AI-powered tool designed to personalize shopping experiences. This tool utilizes advanced AI to analyze customer preferences and body measurements, offering features such as customized outfit recommendations and virtual try-ons. This innovation provides a realistic and engaging shopping experience, improves customer satisfaction with tailored fashion suggestions, and helps retailers manage stock more effectively by understanding popular trends and sizes, thereby reducing overstock and stockouts.
In September 2023, Aditya Birla Fashion and Retail Ltd., an India-based company with a diverse portfolio of brands in menswear, womenswear, and accessories, acquired a 51% stake in TCNS Clothing for $201.9 million. This strategic acquisition aims to enhance Aditya Birla Fashion's portfolio across various consumer segments and price points, while also reinforcing its commitment to promoting ethnic wear in the Indian market. TCNS Clothing, an India-based company, specializes in women's apparel brands.
Major companies operating in the fashion retailing market are Christian Dior SE, LVMH Moët Hennessy Louis Vuitton S.E., Nike Inc., Industria de Diseño Textil S.A., Adidas AG, H & M Hennes & Mauritz AB, Kering S.A., Uniqlo Co. Ltd., Chanel Inc., Gap Inc., John Lewis Partnership plc, Hermès International S.A., PVH Corp., The Swatch Group Ltd., Hanesbrands Inc., Ralph Lauren Corporation, Levi Strauss & Co., Prada S.p.A., ASOS plc, Burberry Group plc, Gildan Activewear Inc., Boohoo Group Plc, VF Corporation, Jockey International Inc., Golden Lady Company S.p.A.
North America was the largest region in the fashion retailing market in 2024. The regions covered in the fashion retailing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fashion retailing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Fashion retailing involves the buying and selling of clothing, footwear, and accessories to consumers through various channels, including physical stores and online platforms. The primary goal is to fulfill consumer demand for the latest fashion trends while providing a convenient and enjoyable shopping experience. This sector focuses on curating and marketing collections that cater to a wide range of styles and preferences, thereby driving sales and fostering brand loyalty.
The main product categories in fashion retailing include bags and accessories, clothing and apparel, and footwear. Bags and accessories are items designed to carry personal belongings and include complementary items that either enhance functionality or add a decorative touch. Products are available across different price ranges, including luxury, mid-range, and budget options. They are sold through various distribution channels such as department stores, variety stores, independent shops, supermarkets, discount stores, online platforms, and others. The end-users of these products include children, men, and women.
The fashion retailing market research report is one of a series of new reports that provides fashion retailing market statistics, including the fashion retailing industry global market size, regional shares, competitors with fashion retailing market share, detailed fashion retailing market segments, market trends, and opportunities, and any further data you may need to thrive in the fashion retailing industry. These fashion retailing market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The fashion retailing market includes revenues earned by entities by providing services such as merchandising, inventory management, marketing and promotion, and customer service. 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.
This product will be delivered within 3-5 business days.
The fashion retailing market size has grown strongly in recent years. It will grow from $92.58 billion in 2024 to $99.81 billion in 2025 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to growing disposable income, affordability and accessibility of fast fashion products, consumer preference for online shopping and eCommerce platforms, increase in making and purchasing of business attire, and big fashion brands shifting to the online retailing.
The fashion retailing market size is expected to see strong growth in the next few years. It will grow to $133.02 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to increasing demand for fashionable products, growing online sales, increasing focus on product innovation, increasing demand for sustainable fashion products, and growing acceptance of digital payment systems. Major trends in the forecast period include technological advancements, rising global as well as local online fashion retailers, growth of retail experience, advent of AR and VR technologies in fashion shopping, and eco-friendly & moral clothing.
The rapid expansion of the working population is expected to drive growth in the fashion retailing market. This increase is due to demographic changes, urbanization, economic development, higher education levels, a growing female workforce, and immigration. Fashion retailing caters to the working population by providing convenient access to professional and stylish clothing that enhances confidence and suits workplace environments. For example, in June 2024, the Office for National Statistics, a UK-based government agency, reported that the total number of Workforce Jobs (WFJ) in the UK rose by 431,000 from the previous year, reaching 37.2 million in March 2024. Thus, the expanding working population is fueling the growth of the fashion retailing market.
Leading companies in the fashion retailing market are increasingly focusing on artificial intelligence (AI) to gain a competitive edge. AI applications in fashion retail use algorithms to create personalized shopping experiences, optimize inventory management, and enhance customer service. For instance, in May 2023, Zyler, a UK-based virtual fashion try-on company, introduced an AI-powered tool designed to personalize shopping experiences. This tool utilizes advanced AI to analyze customer preferences and body measurements, offering features such as customized outfit recommendations and virtual try-ons. This innovation provides a realistic and engaging shopping experience, improves customer satisfaction with tailored fashion suggestions, and helps retailers manage stock more effectively by understanding popular trends and sizes, thereby reducing overstock and stockouts.
In September 2023, Aditya Birla Fashion and Retail Ltd., an India-based company with a diverse portfolio of brands in menswear, womenswear, and accessories, acquired a 51% stake in TCNS Clothing for $201.9 million. This strategic acquisition aims to enhance Aditya Birla Fashion's portfolio across various consumer segments and price points, while also reinforcing its commitment to promoting ethnic wear in the Indian market. TCNS Clothing, an India-based company, specializes in women's apparel brands.
Major companies operating in the fashion retailing market are Christian Dior SE, LVMH Moët Hennessy Louis Vuitton S.E., Nike Inc., Industria de Diseño Textil S.A., Adidas AG, H & M Hennes & Mauritz AB, Kering S.A., Uniqlo Co. Ltd., Chanel Inc., Gap Inc., John Lewis Partnership plc, Hermès International S.A., PVH Corp., The Swatch Group Ltd., Hanesbrands Inc., Ralph Lauren Corporation, Levi Strauss & Co., Prada S.p.A., ASOS plc, Burberry Group plc, Gildan Activewear Inc., Boohoo Group Plc, VF Corporation, Jockey International Inc., Golden Lady Company S.p.A.
North America was the largest region in the fashion retailing market in 2024. The regions covered in the fashion retailing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the fashion retailing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Fashion retailing involves the buying and selling of clothing, footwear, and accessories to consumers through various channels, including physical stores and online platforms. The primary goal is to fulfill consumer demand for the latest fashion trends while providing a convenient and enjoyable shopping experience. This sector focuses on curating and marketing collections that cater to a wide range of styles and preferences, thereby driving sales and fostering brand loyalty.
The main product categories in fashion retailing include bags and accessories, clothing and apparel, and footwear. Bags and accessories are items designed to carry personal belongings and include complementary items that either enhance functionality or add a decorative touch. Products are available across different price ranges, including luxury, mid-range, and budget options. They are sold through various distribution channels such as department stores, variety stores, independent shops, supermarkets, discount stores, online platforms, and others. The end-users of these products include children, men, and women.
The fashion retailing market research report is one of a series of new reports that provides fashion retailing market statistics, including the fashion retailing industry global market size, regional shares, competitors with fashion retailing market share, detailed fashion retailing market segments, market trends, and opportunities, and any further data you may need to thrive in the fashion retailing industry. These fashion retailing market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The fashion retailing market includes revenues earned by entities by providing services such as merchandising, inventory management, marketing and promotion, and customer service. 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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Fashion Retailing Market Characteristics3. Fashion Retailing Market Trends and Strategies4. Fashion Retailing Market - Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics, and the Recovery from COVID-19 on the Market32. Global Fashion Retailing Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Fashion Retailing Market34. Recent Developments in the Fashion Retailing Market
5. Global Fashion Retailing Growth Analysis and Strategic Analysis Framework
6. Fashion Retailing Market Segmentation
7. Fashion Retailing Market Regional and Country Analysis
8. Asia-Pacific Fashion Retailing Market
9. China Fashion Retailing Market
10. India Fashion Retailing Market
11. Japan Fashion Retailing Market
12. Australia Fashion Retailing Market
13. Indonesia Fashion Retailing Market
14. South Korea Fashion Retailing Market
15. Western Europe Fashion Retailing Market
16. UK Fashion Retailing Market
17. Germany Fashion Retailing Market
18. France Fashion Retailing Market
19. Italy Fashion Retailing Market
20. Spain Fashion Retailing Market
21. Eastern Europe Fashion Retailing Market
22. Russia Fashion Retailing Market
23. North America Fashion Retailing Market
24. USA Fashion Retailing Market
25. Canada Fashion Retailing Market
26. South America Fashion Retailing Market
27. Brazil Fashion Retailing Market
28. Middle East Fashion Retailing Market
29. Africa Fashion Retailing Market
30. Fashion Retailing Market Competitive Landscape and Company Profiles
31. Fashion Retailing Market Other Major and Innovative Companies
35. Fashion Retailing Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Fashion Retailing Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on fashion retailing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for fashion retailing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fashion retailing market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include: the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product: Bag and Accessories; Clothing and Apparel; Footwear2) By Price Range: Luxury; Mid Range; Budget
3) By Application: Department Stores; Variety Stores; Independents; Supermarkets; Discount Stores; Online; Other Applications
4) By End-User: Children; Men; Women
Subsegments
1) By Bag and Accessories: Handbags; Backpacks; Wallets; Belts; Sunglasses; Jewelry; Watches; Scarves and Gloves; Hats and Caps2) By Clothing and Apparel: Men’s Apparel; Women’s Apparel; Children’s Apparel; Casual Wear; Formal Wear; Sportswear; Outerwear; Lingerie and Sleepwear; Activewear
3) By Footwear: Men’s Footwear; Women’s Footwear; Children’s Footwear; Casual Footwear; Formal Footwear; Sports Footwear; Boots; Sandals and Flip-Flops
Key Companies Mentioned: Christian Dior SE; LVMH Moët Hennessy Louis Vuitton S.E.; Nike Inc.; Industria de Diseño Textil S.a.; Adidas AG
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
The major companies featured in this Fashion Retailing market report include:- Christian Dior SE
- LVMH Moët Hennessy Louis Vuitton S.E.
- Nike Inc.
- Industria de Diseño Textil S.A.
- Adidas AG
- H & M Hennes & Mauritz AB
- Kering S.A.
- Uniqlo Co. Ltd.
- Chanel Inc.
- Gap Inc.
- John Lewis Partnership plc
- Hermès International S.A.
- PVH Corp.
- The Swatch Group Ltd.
- Hanesbrands Inc.
- Ralph Lauren Corporation
- Levi Strauss & Co.
- Prada S.p.A.
- ASOS plc
- Burberry Group plc
- Gildan Activewear Inc.
- Boohoo Group Plc
- VF Corporation
- Jockey International Inc.
- Golden Lady Company S.p.A.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | April 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 99.81 Billion |
Forecasted Market Value ( USD | $ 133.02 Billion |
Compound Annual Growth Rate | 7.4% |
Regions Covered | Global |
No. of Companies Mentioned | 26 |