DUBLIN--(BUSINESS WIRE)--The "Global Online Apparel & Footwear Market: Industry Analysis & Outlook (2018-2022)" report has been added to ResearchAndMarkets.com's offering.
The report Global Online Apparel and Footwear Market: Industry Analysis & Outlook (2018-2022) analyzes the development of this market. The major trends, growth drivers as well as issues being faced by the market are discussed in detail in this report.
The consumer preference shifting from local shores to online shopping has revolutionized the retail industry. With people adapting to the convenience of the internet, it provides the opportunity to purchase items whenever the customer wants.
The clothes/apparel industry has proven to be the most popular in the online market. With the internet, it is possible to try clothes at home without ever needing to go to stores. Footwear has become one of the most searched products on the internet. The variety in the footwear available on the internet is an exhaustive list, this includes: shoes, slippers, sandals, and sneakers for both women and men.
The growth of the global online apparel and footwear market is likely to be driven by factors such as rising millennials population, increasing social commerce influence, growing e-commerce penetration and the rise of m-commerce. The market is majorly trending with personalization, the expansion of digital brands, acquisitions, the introduction of voice commerce and technological innovation.
However, the growth of market will be hindered by quality issues, delivery issues, additional charges, ambiguous policies and digital payment failure.
The global online apparel and footwear market is quite fragmented and expected to remain the same in the coming years as several companies are indulging in exploring and developing high quality products. The companies are setting a highly competitive atmosphere in the global market with their products.
The four major players have been profiled along with their key financials and strategies for growth. The report contains a comprehensive analysis of the global online apparel and footwear market along with the study of the U.S. and Europe market.
Market Dynamics
Growth Drivers
- Growing Global Population
- Accelerating Economic Growth
- Rising E-commerce Penetration
- Growing Mobile E-Commerce
- Rising Social Commerce Influence
Key Trends & Developments
- Personalization
- Growing Voice Commerce
- Brick and Mortar Expansion of Digitally Native Brands
- Acquisitions Support Higher Valuation Multiples
- Technological Innovation
Challenges
- Quality Issues
- Delivery and Logistics
- Additional Charges
- Ambiguous Return and Guarantee Policies
- Digital Payment Failures
Companies Mentioned
- Amazon
- Zalando
- ASOS
- Boohoo
For more information about this report visit https://www.researchandmarkets.com/research/fzc9tm/global_online?w=4
