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Online Apparel, Footwear, and Accessories Market in US Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR41416
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The online apparel footwear and accessories market share in the US is expected to increase by USD 91.54 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.91%.

This online apparel footwear and accessories market in US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the online apparel footwear and accessories market in US segmentation by product (apparel, footwear, and accessories) and end-user (women and girls and men and boys). The online apparel footwear and accessories market in US report also offers information on several market vendors, including Amazon.com Inc., Costco Wholesale Corp., Gap Inc., J. C. Penney Co. Inc., Kohls Corp., Macys Inc., Nordstrom Inc., Target Corp., Transform SR Brands LLC, and Walmart Inc. among others.

What will the Online Apparel Footwear And Accessories Market Size in US be During the Forecast Period?

Online Apparel, Footwear, and Accessories Market Size

Download the Free Report Sample to Unlock the Online Apparel Footwear and Accessories Market Size in US for the Forecast Period and Other Important Statistics

 

Online Apparel Footwear And Accessories Market in US: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing penetration of the internet and smartphones is notably driving the online apparel footwear and accessories market growth in the US, although factors such as data security and privacy concerns associated with online shopping may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the online apparel footwear and accessories industry in US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Online Apparel Footwear And Accessories Market Driver in US

One of the key factors driving the online apparel footwear and accessories market growth in the US is the increasing penetration of the internet and smartphones. The US is the third-largest country in terms of internet users in the world (after China and India). On average, a US Internet user spends more than 90 hours online per week, almost five times the global average. In addition, broadband penetration in the country has increased recently with the growth in the number of both fixed and wireless broadband connections. These factors have compelled the marketers of apparel, footwear, and accessories to expand their product offerings through digital platforms. For instance, Nike, Intidex (ZARA), Gap, Calvin Klein, H&M, and Tommy Hilfiger have their own online portals. Other factors such as the availability of a wide range of products, convenience, security measures offered by e-retailers for online payments, and free delivery is expected to further support the market growth in the US during the forecast period.

Key Online Apparel Footwear And Accessories Market Trend in US

Another key factor driving the online apparel footwear and accessories market growth in US is the integration of augmented reality (AR) into online shopping platforms. The inability to see, try, and touch products make customers skeptical about purchasing products online. Thus, every sector of the retail industry in the US is using AR technology to enhance customer experience. For instance, about 55% of the clothing, 35% of the footwear, and 22% of the toy retailers in the US are using some sort of AR technology in their smartphone and tablet applications. For instance, the Amazon app has AR technology, which helps shoppers to navigate to the AR View feature to browse various products and imagine them in their homes. Similarly, Converse from Nike launched an application called The Sampler, which allows shoppers to virtually try shoes using their smartphone camera. Such factors are expected to positively impact the market growth in the forecast period.

Key Online Apparel Footwear And Accessories Market Challenge in US

One of the key challenges to the online apparel footwear and accessories market growth in US is the data security and privacy concerns associated with online shopping. In 2020, the total number of data breaches reached 1001 in the US. Every year, online retailers are losing billions of dollars due to credit card fraud, which has become a key challenge for vendors. Any losses to brick-and-mortar stores due to fraud are covered by credit card companies, including Visa and MasterCard. However, this is not the case for online retailers such as Amazon, Macy's, and Nordstrom, which stand as a major hindrance to the growth of this market. Such factors are expected to challenge the market growth in the US during the forecast period. 

This online apparel footwear and accessories market in US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the online apparel, footwear and accessories market in US as a part of the global apparels, accessories, and luxury goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the online apparel footwear and accessories market in US during the forecast period.

Who are the Major Online Apparel Footwear And Accessories Market Vendors in US?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Amazon.com Inc.
  • Costco Wholesale Corp.
  • Gap Inc.
  • J. C. Penney Co. Inc.
  • Kohls Corp.
  • Macys Inc.
  • Nordstrom Inc.
  • Target Corp.
  • Transform SR Brands LLC
  • Walmart Inc.

 

This statistical study of the online apparel footwear and accessories market in US encompasses successful business strategies deployed by the key vendors. The online apparel footwear and accessories market in US is fragmented and the vendors are deploying growth strategies such as an increase in R&D investments to compete in the market.

Product Insights and News

  • Amazon.com Inc. is a public company that is headquartered in US. It is a global company that generated a revenue of USD 469822 million and had around 1608000 employees. Its revenue from the online apparel, footwear, and accessories market in US contributes to its overall revenues, along with its other offerings, but is not a key revenue stream for the company.
  • The company offers online apparel footwear and accessories such as customized hoodies, fashion socks, shirts.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The online apparel footwear and accessories market in US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Online Apparel Footwear And Accessories Market in US Value Chain Analysis

Our report provides extensive information on the value chain analysis for the online apparel footwear and accessories market in US, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global apparel, accessories, and luxury goods market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

What are the Revenue-generating Product Segments in the Online Apparel Footwear And Accessories Market in US?

Online Apparel, Footwear, and Accessories Market Market segmentation by region

To gain further insights on the market contribution of various segments Request for a FREE sample

The online apparel footwear and accessories market share growth in US by the apparel segment will be significant during the forecast period. The apparel market in the US is expected to witness high adoption of premium products in the coming years owing to frequent marketing initiatives, such as social media campaigns and celebrity endorsements, by the vendors operating in the country. For instance, in 2021, Cardi B endorses Rebook clothing lines designed for casual sportswear.

This report provides an accurate prediction of the contribution of all the segments to the growth of the online apparel footwear and accessories market size in US and actionable market insights on post COVID-19 impact on each segment.

 

Online Apparel Footwear And Accessories Market Scope in US

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 11.91%

Market growth 2022-2026

$ 91.54 billion

Market structure

Fragmented

YoY growth (%)

11.37

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Amazon.com Inc., Costco Wholesale Corp., Gap Inc., J. C. Penney Co. Inc., Kohls Corp., Macys Inc., Nordstrom Inc., Target Corp., Transform SR Brands LLC, and Walmart Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Online Apparel Footwear And Accessories Market in US Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive online apparel footwear and accessories market growth in US during the next five years
  • Precise estimation of the online apparel footwear and accessories market size in US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the online apparel footwear and accessories industry in US  
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of online apparel footwear and accessories market vendors in US 

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1. Executive Summary                                        

2. Market Landscape                                           

               2.1 Market ecosystem                            

                              Exhibit 01: Parent market          

               2.2: Market Characteristics     

                             Exhibit 02: Market Characteristics

               2.2 Value chain analysis                          

                              Exhibit 03: Value chain analysis: Apparel, accessories, and luxury goods market 

                              2.2.1 Inputs     

                              2.2.2 Inbound logistics

                              2.2.3 Operations           

                              2.2.4 Outbound logistics            

                              2.2.5 Marketing and sales         

                              2.2.6 Service   

3. Market Sizing                                     

               3.1 Market definition               

                              Exhibit 04: Offerings of vendors included in the market definition           

               3.2 Market segment analysis                 

                              Exhibit 05: Market segments    

               3.3 Market size 2020                

               3.4 Market outlook: Forecast for 2020 - 2025                

                              3.4.1 Estimating growth rates for emerging and high-growth markets    

                              3.4.2 Estimating growth rates for mature markets          

                              Exhibit 06: Global - Market size and forecast 2021 - 2026 ($ billion)        

                              Exhibit 07: Global market: Year-over-year growth 2021 - 2026 (%)          

4. Five Forces Analysis                                        

               4.1 Five Forces Summary         

                              Exhibit 08: Five forces analysis 2021 & 2026

               4.2 Bargaining power of buyers            

                              Exhibit 09: Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 10: Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 11: Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 12: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 13: Threat of rivalry

               4.7 Market condition 

                              Exhibit 14: Market condition - Five forces 2021

5 Market Segmentation by Product                              

               5.1 Market segments               

                              The segments covered in this chapter are:

  • Apparel
  • Footwear
  • Accessories           

                              Exhibit 15: Product - Market share 2021-2026 (%)          

               5.2 Comparison by Product                   

                              Exhibit 16: Comparison by Product        

               5.3 Apparel - Market size and forecast 2021-2026                       

                              Exhibit 17: Apparel - Market size and forecast 2021-2026 ($ billion)        

                              Exhibit 18: Apparel - Year-over-year growth 2021-2026 (%)        

               5.4 Footwear - Market size and forecast 2021-2026                    

                              Exhibit 19: Footwear - Market size and forecast 2021-2026 ($ billion)     

                              Exhibit 20: Footwear - Year-over-year growth 2021-2026 (%)     

               5.5 Accessories - Market size and forecast 2021-2026                

                              Exhibit 21: Accessories - Market size and forecast 2021-2026 ($ billion) 

                              Exhibit 22: Accessories - Year-over-year growth 2021-2026 (%) 

               5.6 Market opportunity by Product                    

                              Exhibit 23: Market opportunity by Product        

6 Market Segmentation by End-user                                            

               6.1 Market segments               

                              The segments covered in this chapter are:

  • Women and girls
  • Men and boys

              

                              Exhibit 24: End-user - Market share 2021-2026 (%)        

               6.2 Comparison by End-user                  

                              Exhibit 25: Comparison by End-user      

               6.3 Women and girls - Market size and forecast 2021-2026                     

                              Exhibit 26: Women and girls - Market size and forecast 2021-2026 ($ billion)  

                              Exhibit 27: Women and girls - Year-over-year growth 2021-2026 (%)      

               6.4 Men and boys - Market size and forecast 2021-2026                          

                              Exhibit 28: Men and boys - Market size and forecast 2021-2026 ($ billion)              

                              Exhibit 29: Men and boys - Year-over-year growth 2021-2026 (%)           

               6.5 Market opportunity by End-user                  

                              Exhibit 30: Market opportunity by End-user       

7 Customer landscape                                        

               7.1 Overview               

                              Exhibit 31: Customer landscape              

8 Drivers, Challenges, and Trends                                  

               8.1 Market drivers                     

                              8.1.1 Increasing penetration of the Internet and smartphones   

                              8.1.2 Availability of multiple payment options for online transactions    

                              8.1.3 Free shipping and hassle-free return policies         

               8.2 Market challenges                             

                              8.2.1 Data security and privacy concerns associated with online shopping              

                              8.2.2 Presence of counterfeit products               

                              8.2.3 Stringent government regulations             

                              Exhibit 32: Impact of drivers and challenges      

               8.3 Market trends                     

                              8.3.1 Integration of augmented reality (AR) into online shopping platforms              

                              8.3.2 Increasing adoption of omnichannel retailing        

                              8.3.3 Growing adoption of social media platforms          

                              Exhibit 33: Market positioning of vendors          

9. Vendor Landscape                                           

               9.1 Overview               

                              Exhibit 34: Vendor landscape   

               9.2 Landscape disruption                        

                              The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025.  

                              Exhibit 35: ?Landscape disruption?           

                              Exhibit 36: Industry risks           

10. Vendor Analysis                              

               10.1 Vendors covered                             

                              Exhibit 37: Vendors covered    

               10.2 Market positioning of vendors                   

                              Exhibit 38: ?Market positioning of vendors?          

               10.3 Amazon.com Inc.             

                              Exhibit 39: Amazon.com Inc. - Overview             

                              Exhibit 40: Amazon.com Inc. - Business segments           

                              Exhibit 41: Amazon.com Inc. - Key offerings      

                              Exhibit 42: Amazon.com Inc. - Segment focus   

               10.4 Costco Wholesale Corp.                

                              Exhibit 43: Costco Wholesale Corp. - Overview 

                              Exhibit 44: Costco Wholesale Corp. - Business segments              

                              Exhibit 45: Costco Wholesale Corp. - Key offerings         

                              Exhibit 46: Costco Wholesale Corp. - Segment focus      

               10.5 Gap Inc.

                              Exhibit 47: Gap Inc. - Overview

                              Exhibit 48: Gap Inc. - Business segments             

                              Exhibit 49: Gap Inc. - Key offerings        

                              Exhibit 50: Gap Inc. - Segment focus     

               10.6   J. C. Penney Co. Inc.       

               Exhibit 51: J. C. Penney Co. Inc. - Overview                       

               Exhibit 52: J. C. Penney Co. Inc. - Business segments                     

               Exhibit 53: J. C. Penney Co. Inc. - Key offerings                

               Exhibit 54: J. C. Penney Co. Inc. - Segment focus                            

               10.7 Kohls Corp.                        

                              Exhibit 55: Kohls Corp. - Overview         

                              Exhibit 56: Kohls Corp. - Business segments       

                              Exhibit 57: Kohls Corp. - Key offerings  

                              Exhibit 58: Kohls Corp. - Segment focus              

               10.8 Macys Inc.           

                              Exhibit 59: Macys Inc. - Overview           

                              Exhibit 60: Macys Inc. - Product and service      

                              Exhibit 61: Macys Inc. - Key offerings    

               10.9 Nordstrom Inc.                 

                              Exhibit 62: Nordstrom Inc. - Overview  

                              Exhibit 63: Nordstrom Inc. - Business segments

                              Exhibit 64: Nordstrom Inc. - Key offerings          

                              Exhibit 65: Nordstrom Inc. - Segment focus       

               10.10 Target Corp.                    

                              Exhibit 66: Target Corp. - Overview       

                              Exhibit 67 Target Corp. - Business segments      

                              Exhibit 68: Target Corp. - Key offerings

                              Exhibit 69: Target Corp. - Segment focus            

               10.11 Transform SR Brands LLC                           

                              Exhibit 70: Transform SR Brands LLC - Overview              

                              Exhibit 71: Transform SR Brands LLC - Product and service          

                              Exhibit 72: Transform SR Brands LLC - Key offerings       

               10.12 Walmart Inc.                   

                              Exhibit 73: Walmart Inc. - Overview      

                              Exhibit 74: Walmart Inc. - Business segments    

                              Exhibit 75: Walmart Inc. - Key offerings

                              Exhibit 76: Walmart Inc. - Segment focus           

11. Appendix                                          

               11.1 Scope of the report                        

                              11.1.1 ????Market definition           

                              11.1.2 ????Objectives          

                              11.1.3 ????Notes and caveats          

               11.2 Currency conversion rates for US$                           

                              Exhibit 77: ?Currency conversion rates for US$?   

               11.3 Research Methodology                  

                              Exhibit 78: ?Research Methodology        

                              Exhibit 79: ??Validation techniques employed for market sizing?    

                              Exhibit 80: ??Information sources              

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Online Apparel, Footwear, and Accessories market growth will increase by $91.54 billion during 2020-2025.
The online apparel, footwear, and accessories market is expected to grow at a CAGR of 11.91% during 2020-2025.
Technavio has segmented the online apparel, footwear, and accessories market by product (Apparel, Footwear, and Accessories) ,end user (Women and girls, Men and boys, Material sciences, and Nanotechnology) , and geographic (APAC and Europe).
Amazon.com Inc., Costco Wholesale Corp., J. C. Penney Co. Inc., Kohls Corp., Macys Inc., Nordstrom Inc., Target Corp., The Gap Inc., Transform SR Brands LLC, Walmart Inc. are a few of the key vendors in the online apparel, footwear, and accessories market.
APAC will register the highest growth rate of 53.19% among the other regions. Therefore, the online apparel, footwear, and accessories market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the online apparel, footwear, and accessories market growth are:
  • Increasing penetration of Internet and smartphones
  • Growing consumer shift toward direct-to-consumer testing
The online apparel, footwear, and accessories market vendors should focus on grabbing business opportunities from the apparel segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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