Clothing & Footwear Retailing Industry, 2015 to 2020 Market Dynamics, Retail Trends, and Competitive Landscape
Global clothing and footwear market is expected to grow at a faster rate during 2015–2020, fueled by growing demand from developing markets
Pune, India – October 14, 2016 /MarketersMedia/ —
Global Clothing & Footwear Retailing Industry
Summary
Global clothing and footwear market is expected to grow at a faster rate during 2015–2020, fueled by growing demand from developing markets, mainly in Asia. In developed markets, such as the US, a change in consumer attitude to seek discounts will fuel demand for value clothing and private labels. Fast fashion will be another factor influencing sales as demand for latest runway designs at affordable price continue to rise among millennials across the globe. Online channel will benefit from these factors, offering lower price, wider product choices, cross-border shipping, and easy payment options. Growing fashion consciousness, rising disposable incomes, urbanization, and increasing access to internet, will underpin growth emerging markets, which are witnessing increased investment from specialist retailers.
Key Findings
• Global clothing & footwear retail sales is forecast to surpass US$1.9 trillion by 2020, with major impetus from developing markets
China will add US$151.7 billion in sales during 2015–2020, which will lead it closer to the world’s largest market the US
Indonesia will make an entrance into the list of top 10 largest clothing and footwear markets in 2020, representing 2.9% share in global sales
Asian markets, Indonesia, Philippines and India, are set witness higher growth rates between 10-13% during 2015–2020
Specialist retailers will continue to be the largest channel for clothing and footwear sales, however discount stores and online are growing at a faster pace. Online will increase its share from 11.9% in 2015 to 20.2% in 2020
Considering the rising importance of online channel, retailers are adopting click-and-collect, virtual reality, contact less payments, and deploying chatbots, an interactive robotic technology, to engage with customers and offer them a swift, convenient, and personalized shopping experience
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Synopsis
The “Global Clothing & Footwear Retailing, 2015–2020” report, published by Verdict Research, provides comprehensive analysis of global clothing and footwear retail sales across different channels. The report covers current and forecast retail sales data for the category in 50 countries. It also details consumer trends, competitive landscape and latest innovations occurred in the review period.
What else does this report offer?
Current market sizes and forecasts for 2020 by country with an assortment of charts that ranks countries based on market size, growth rate, value growth and channel sales
Market insights based on consumer trends, and changing economic and demographic factors on a global, regional, and country basis
Retail sales and fastest-growing markets for the category group and further sales breakdown for individual sub-categories: womenswear, menswear, childrenswear, women’s footwear, men’s footwear, children’s footwear
Qualitative and quantitative insights of changing clothing and footwear’s retail dynamics across various channels
Retail sales, market share and growth rate of channels included: clothing accessories and luxury goods specialists, department stores, online, hypermarkets, supermarkets and hard-discounters, discount stores, value, variety stores and general merchandise retailers, duty free retailers, and others
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Reasons To Buy
Get immediate access to:
• Get accurate and reliable retail sales data of 50 countries for 2015 and forecast for 2020 to identify the largest and fastest-growing market and to discover profitable markets for expansion/entry
Explore an in-depth analysis of retail sales data by channels to spot important/emerging channels in clothing and footwear retail space and develop strategies for specific channels
Gain access to retail sales data at sub-category level (womenswear, menswear, childrenswear, women’s footwear, men’s footwear, children’s footwear) across the region to target key markets for each sub-categories and to analyze their current and future growth prospects
Learn from consumer insights and retail trends and define your strategies based on the need of consumers and retail landscape in the country
Make regional/country level comparisons to effectively target new revenue streams and align your marketing strategies with the crucial trends influencing consumer behavior
Track competitive landscape based on the information about store count and latest developments for key clothing and footwear retailers in different region
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Browse related report:
Clothing & Footwear Retailing in the Americas, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape : Clothing and footwear market in the Americas is expected to grow faster than the historic period at 3.1% during 2015–2020. Increase in demand for discounted premium or luxury products will fuel growth of off-price and overall clothing and footwear retail in the US and Canada. Brazil will return to growth during the next five years after being hit by devaluation of local currency and political instability.
Clothing & Footwear Retailing in the Americas, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape : Clothing and footwear market in the Americas is expected to grow faster than the historic period at 3.1% during 2015–2020. Increase in demand for discounted premium or luxury products will fuel growth of off-price and overall clothing and footwear retail in the US and Canada. Brazil will return to growth during the next five years after being hit by devaluation of local currency and political instability.
Clothing & Footwear Retailing in Europe, 2015–2020; Market Dynamics, Retail Trends, and Competitive Landscape : Clothing and footwear market in Europe was affected by devaluation of Euro in 2015 but is set to grow at a stable rate during 2015–2020. Post Brexit, the UK clothing and footwear will witness increase in demand for value clothing as Britons seek affordable and value-for-money deals to keep up with latest fashion trends.
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