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US Online Fashion Retail Market Expected To Grow By $151.76 Billion, Say Report

Technavio, a leading market research firm, recently published a report on the US online fashion retail market, highlighting its growth, size, and trends.

Published: Apr 26, 2023 10:34 AM

By Jeanel Alvarado

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US Online Fashion Retail Market Expected To Grow By $151.76 Billion, Say Report

Technavio, a leading market research firm, recently published a report on the US online fashion retail market, highlighting its growth, size, and trends. According to the findings, the US online fashion retail market is estimated to grow by USD 151.76 billion from 2021 to 2026, with a compound annual growth rate (CAGR) of 12.98%. This growth is primarily driven by the rise in online spending on fashion products such as apparel, footwear, and accessories.

The market has been segmented based on product categories, including apparel, footwear, and bags and accessories, and end-users, such as women, men, and kids. The apparel segment is expected to account for a significant share of the market’s growth during the forecast period.

Brands in the US are increasingly using technologies like machine learning to analyze shopping data of potential buyers and personalize each shopping session, contributing to the growth of this segment.

The report also highlights some of the key trends shaping the online fashion retail industry in 2023, including metaverse, social shopping, fit technology, omnichannel retail, supply chain innovation, second-hand fashion, diversity and inclusivity, and personalization and customization.

These trends reflect a more innovative and inclusive approach to fashion. In terms of market size, the global e-commerce fashion industry reached an overall market value of 668 billion U.S. dollars in 2021 and is expected to reach a value of 1.2 trillion U.S. dollars by 2025…

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US Online Fashion Retail Market Expected To Grow By $151.76 Billion, Say Report

Technavio, a leading market research firm, recently published a report on the US online fashion retail market, highlighting its growth, size, and trends.

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