UK Fashion Ecommerce Market Segment Contributes Largest Share

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UK Fashion Ecommerce Market
UK Fashion Ecommerce Market

The global UK Fashion Ecommerce Market is estimated to be valued at US$ 31.19 Billion in 2022 and is expected to exhibit a CAGR of 15.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

The UK fashion ecommerce market offers a wide range of apparel, footwear and accessories online. Products available through these ecommerce platforms provide convenience and options to consumers. The market caters to changing fashion trends and consumer needs.

Market key trends:

One of the key trends in the UK fashion ecommerce market is the growing preference of consumers toward personalized and customized fashion offerings. Various platforms now allow customers to customize apparel and accessories as per their preferences regarding fit, styles, designs etc. This offers consumers unique products tailored to their individual needs and tastes. Furthermore, it also helps companies to better understand customer segments and demands.

Segment Analysis

The UK fashion ecommerce market is dominated by the women's wear segment which accounts for over 35% of the total market share. Women buyers account for the majority of online fashion shoppers in the UK. The women's wear segment is thriving due to changing fashion trends and increasing focus on aesthetic appeals among UK women.

Key Takeaways

The UK Fashion Ecommerce Market Demand is expected to witness high growth, exhibiting a CAGR of 15.5% over the forecast period of 2023-2030, due to increasing online penetration among UK shoppers and growing preference for branded fashion items. The UK represents the largest fashion ecommerce market in Europe.

Regional analysis

London dominates the UK fashion ecommerce market with over 30% share due to the high disposable incomes and fashion sensibilities of urbanites. Southeast England is the second largest region and is growing at a fast pace due to expanding ecommerce industry.

Key players

Key players operating in the UK fashion ecommerce market are H&M, Zalando, Amazon Fashion, Primark, Topshop, River Island, Missguided, PrettyLittleThing, ASOS, Boohoo, Next, Very, Marks & Spencer, John Lewis, New Look, JD Sports, Farfetch, Gymshark, Reiss, AllSaints. Players like ASOS and Boohoo have captured significant market shares by leveraging their strong direct-to-consumer platforms and product varieties. 

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