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Fast Fashion Retail Market Is Growing at 8.5% CAGR to Hit USD 150.6 MN: Statistics Report By Credence Research

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Fast Fashion Retail Market Is Growing at 8.5% CAGR to Hit USD 150.6 MN: Statistics Report By Credence Research

December 07
16:55 2022
Fast Fashion Retail Market Is Growing at 8.5% CAGR to Hit USD 150.6 MN: Statistics Report By Credence Research
Some major players in the fast fashion retail market are Zara SA (Spain), Hennes & Mauritz AB (Sweden), The Gap, Inc. (US), Uniqlo Co., Ltd. (Japan), Topshop (UK), Stradivarius (Spain), Primark (UK), Urban Outfitters, Inc. (US), Guess (US), New Look (UK), and Forever 21 (US).

The latest market report published by Credence Research Inc., “Global Fast Fashion Retail Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The global fast fashion retail market generated revenue of around USD 92.3 million in 2021 and is anticipated to grow a CAGR of over 8.5% during the forecast period from 2022 to 2028 to reach around USD 150.6 million in 2028.

The fast fashion business was spurred by young people’s increased demand for affordable clothing. The young market is drawn to unique, stylish, and reasonably-priced clothing. Fashionable apparel based on the most recent fashion trends seen at fashion week is the main goal of clothing makers. Young people’s rising need for inexpensive, quick-fashion apparel propelled the fast fashion sector. However, fast fashion’s expansion is limited by subpar working conditions and low living wages. As a result of the Internet and increased e-commerce visibility, fashion awareness has increased along with the availability of high-end brands and limited-edition goods. Influencers affect how companies sell their products and try to increase sales.

The global fast fashion retail market is bifurcated into gender, age, type, distribution channel, and geography. Based on gender, the market is categorized into men’s and women’s. Based on age, the market is categorized into adults’ wear, teens’ wear, kids’, and others. Based on type, the market is categorized into pants, coats, skirts, and other types. Based on distribution channels, the global market is segmented online and offline. The market is segmented based on geography: North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

Recently Published Report – https://www.credenceresearch.com/report/fast-fashion-retail-market

North America dominated the market with a 38% share in 2021. The growing trend of fast clothing and thrift shopping among young people is driving the demand for quick fashion in the area. It is a significant market for fast fashion. Some large businesses are also operating short-run and replenishment factories in the region to produce garments quickly and keep up with the retail industry’s continuously shifting trends to keep prices low. Leading manufacturers are using new technology and automation throughout the supply chain. These factors are what are causing the neighborhood market to grow.

Why Buy This Report-

  • The report provides a qualitative and quantitative analysis of the global fast fashion retail market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
  • The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
  • In-depth analysis of the global fast fashion retail market segmentation based on age, type, distribution channel, and gender.
  • Major countries in each region with their import/export statistics
  • The global fast fashion retail market report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.

Table of content: 

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Fast Fashion Retail Market

2.2. Global Fast Fashion Retail Market, By Type

2.3. Global Fast Fashion Retail Market, By Age

2.4. Global Fast Fashion Retail Market, By Gender

2.5. Global Fast Fashion Retail Market, By Distribution Channel

2.6. Global Fast Fashion Retail Market, By Region

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Fast Fashion Retail Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Market Drivers

3.2.3. Market Restraints

3.2.4. Market Opportunities

3.2.5. Major Industry Challenges

3.3. Attractive Investment Proposition,2021

3.3.1. Type

3.3.2. Age

3.3.3. Gender

3.3.4. Distribution Channel

3.3.5. Geography

4. Premium Insights

4.1. STAR (Situation, Task, Action, Results) Analysis

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers/Consumers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitute Types

4.2.5. Intensity of Competitive Rivalry

4.3. Value Chain Analysis

4.4. Technology Analysis

4.5. Marketing Strategy Analysis

4.5.1. Direct Marketing

4.5.2. Indirect Marketing

4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021

5.1. Company market share of key players, 2021

5.2. Competitive Benchmarking

5.3. Market Positioning of Key Vendors

5.4. Geographical Presence Analysis

5.5. Major Strategies Adopted by Key Players

5.5.1. Key Strategies Analysis

5.5.2. Mergers and Acquisitions

5.5.3. Partnerships

5.5.4. Product Launch

5.5.5. Geographical Expansion

5.5.6. Others

6. COVID 19 Impact Analysis

6.1. Global Fast Fashion Retail Market Pre Vs Post COVID 19, 2019 – 2028

6.2. Impact on Import & Export

6.3. Impact on Demand & Supply

7. Global Internet of Things Market

7.1. Global Fast Fashion Retail Market, By Type, 2016-2028(US$ Bn)

7.1.1. Overview

7.1.2. Global Fast Fashion Retail Market, By Type, 2021 vs 2028 (in%)

7.1.3. Global Fast Fashion Retail Market, By Pants, 2016-2028 (US$ Bn)

7.1.4. Global Fast Fashion Retail Market, By Coat, 2016-2028 (US$ Bn)

7.1.5. Global Fast Fashion Retail Market, By Skirt, 2016-2028 (US$ Bn)

7.1.6. Global Fast Fashion Retail Market, By Other, 2016-2028 (US$ Bn)

7.2. Global Fast Fashion Retail Market, By Age, 2016-2028(US$ Bn)

7.2.1. Overview

7.2.2. Global Fast Fashion Retail Market, By Age, 2021 vs 2028 (in%)

7.2.3. Global Fast Fashion Retail Market, By Adults Wear, 2016-2028 (US$ Bn)

7.2.4. Global Fast Fashion Retail Market, By Teens Wear, 2016-2028 (US$ Bn)

7.2.5. Global Fast Fashion Retail Market, By Kids Wear, 2016-2028 (US$ Bn)

7.2.6. Global Fast Fashion Retail Market, By Others, 2016-2028 (US$ Bn)

7.3. Global Fast Fashion Retail Market, By Gender, 2016-2028(US$ Bn)

7.3.1. Overview

7.3.2. Global Fast Fashion Retail Market, By Gender, 2021 vs 2028 (in%)

7.3.3. Global Fast Fashion Retail Market, By Men’s Wear, 2016-2028 (US$ Bn)

7.3.4. Global Fast Fashion Retail Market, By Women’s Wear, 2016-2028 (US$ Bn)

7.4. Global Fast Fashion Retail Market, By Distribution Channel, 2016-2028(US$ Bn)

7.4.1. Overview

7.4.2. Global Fast Fashion Retail Market, By Distribution Channel, 2021 vs 2028 (in%)

7.4.3. Global Fast Fashion Retail Market, By Online, 2016-2028 (US$ Bn)

7.4.4. Global Fast Fashion Retail Market, By Offline, 2016-2028 (US$ Bn)

……………………toc continued

Recently Published Report – https://www.credenceresearch.com/report/fast-fashion-retail-market

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