US - Online Apparel, Footwear, and Accessories Market by End-user, Gender and Product - Forecast and Analysis 2024-2028

Published: Dec 2023 Pages: 152 SKU: IRTNTR41416

US - Online Apparel, Footwear, and Accessories Market 2024-2028 

The US - Online Apparel, Footwear, and Accessories Market size is forecast to increase by USD 131.73 billion, at a CAGR of 12.17% between 2023 and 2028. The accelerated growth of the market is due to various factors such as increasing penetration of the internet and smartphones, availability of multiple payment options for online transactions and free shipping and hassle-free return policies. 

The report includes a comprehensive outlook on the US Online Apparel, Footwear, And Accessories Market, offering forecasts for the industry segmented by End-user, which comprises individual, and commercial. Additionally, it categorizes Gender into women and men and covers Product, including apparel, footwear and accessories. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

What will be the size of the US Online Apparel, Footwear, And Accessories Market During the Forecast Period?

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

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key US Online Apparel, Footwear, And Accessories Market Driver

The availability of multiple payment options for online transactions is notably driving the market growth. The evolving online payment landscape is one of the significant factors that is driving the growth of the US - online apparel, footwear, and accessories market. As per the present market scenario, online retailers are opting for feature-rich and secure online payment solutions to facilitate the online sales of apparel, footwear, and accessories. Cards, e-wallets, bank transfers, direct debits, and mobile payments are some of the payment methods offered by online retailers. To remain competitive in the US - online apparel, footwear, and accessories market, vendors have been acquiring additional software or resources to customize the payment methods for secured transactions.

Moreover, the most used online payment methods in the US in 2020 were credit/debit cards and digital wallets, which represented 67% and 10% of all payment transactions, respectively. The other payment methods used are cash on delivery, bank transfers, and others. All these factors will drive the growth of the US online apparel, footwear, and accessories market during the forecast period.

Key US Online Apparel, Footwear, And Accessories Market Trends

Increasing adoption of omnichannel retailing is an emerging trend shaping market growth. Various domestic and international retailers have been incorporating omnichannel retailing across the supply chain in the US - online apparel, footwear, and accessories market. Omnichannel retailing provides an integrated shopping experience for consumers. Online shopping helps consumers save time when compared with physical purchases from stores. On the other hand, omnichannel retailing allows them to touch and feel products before purchasing. In the US, 64% of retailers are using the omnichannel retailing strategy.

For instance, J.C. Penny uses the omnichannel strategy that allows customers to buy online and pick up at stores. It has also created a cart function to provide a seamless shopping experience on multiple devices. Hence, the increasing adoption of omnichannel retailing is expected to be a positive trend for the growth of the US online apparel footwear and accessories market during the forecast period.

Major US Online Apparel, Footwear, And Accessories Market Challenge

Stringent government regulations on the manufacture of apparel, footwear, and accessories is a significant challenge hindering the market growth. The demand for leather as a premium raw material is high in the apparel, footwear, and accessories industry. In addition, the Consumer Product Safety Improvement Act (CPSIA) of the US regulates all children's products, including children's leather products, sold in the US. It includes apparel, footwear, toys, bags, wallets, and other leather goods for children. Third-party lab testing is mandatory for all children's products that are imported into the country. The importers also need to issue a Children's Product Certificate (CPC) for these products. CPC is a document that states the name of the company, applicable standards, address, and test results from the US Consumer Product Safety Commission (CPSC) approved testing company.

Additionally, the act impacted the retailers, manufacturers, and suppliers of leather products such as apparel, handbags, shoes, and belts. Such regulations and restrictions imposed on the leather industry increase the costs for the vendors of leather products and hinder their production processes. Currently, online retailers in the US need to collect tax from consumers if they have a physical presence in the consumer's state, thus hindering the growth of the US online apparel, footwear, and accessories market during the forecast period.

US Online Apparel, Footwear, And Accessories Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

US Online Apparel, Footwear, And Accessories Market Customer Landscape

Who are the Major US Online Apparel, Footwear, And Accessories Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Academy Sports and Outdoors Inc. - The company offers online, apparel, footwear, and accessories such as Magellan Outdoors Adults Snow II boots, Magellan Outdoors Men's waterproof, and Magellan Outdoors mens field boot III.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Amazon.com Inc.
  • Backcountry.com LLC
  • Berkshire Hathaway Inc.
  • Costco Wholesale Corp.
  • CustomInk LLC
  • eBay Inc.
  • Frasers Group plc
  • Groupon Inc.
  • H and M Hennes and Mauritz GBC AB
  • Industria de Diseno Textil SA
  • Kering SA
  • Kohls Corp.
  • LVMH Moet Hennessy Louis Vuitton SE
  • Macys Inc.
  • Next Plc
  • Nordstrom Inc.
  • Penney OpCo LLC
  • PVH Corp.
  • Ralph Lauren Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What are the Largest-Growing Segments in the US Online Apparel, Footwear, And Accessories Market?

The individual segment is estimated to witness significant growth during the forecast period. The growth of the individual end-user segment in the US - online apparel, footwear, and accessories market is influenced by various factors related to changing consumer behaviors, technological advancements, and evolving market trends. The growing trend of consumers preferring online shopping over traditional retail contributes significantly to the individual end-user segments' growth

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The individual segment was the largest and was valued at USD 72.86 billion in 2018. Further, the penetration of digitalization also stimulates the US - online apparel, footwear, and accessories market growth. For instance, Amazon.com, Inc. has virtual try-on technologies that leverage AR to allow users to try on clothing and accessories virtually before making a purchase. This immersive experience reduces uncertainties about fit and style, attracting more individual consumers to online platforms. Thus, as technology continues to advance and consumer preferences evolve, the individual end-user segment is expected to contribute to driving further growth in the US online apparel, footwear, and accessories market during the forecast period.

Segment Overview

The US Online Apparel, Footwear, And Accessories Market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • End-user Outlook 
    • Individual
    • Commercial
  • Gender Outlook
    • Women
    • Men
  •  Product Outlook
    • Apparel
    • Footwear
    • Accessories 

US Online Apparel, Footwear, And Accessories Market Scope

Report Coverage

Details

Page number

152

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 12.17%

Market Growth 2024-2028

USD 131.73 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

11.72

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Academy Sports and Outdoors Inc., Amazon.com Inc., Backcountry.com LLC, Berkshire Hathaway Inc., Costco Wholesale Corp., CustomInk LLC, eBay Inc., Frasers Group plc, Groupon Inc., H and M Hennes and Mauritz GBC AB, Industria de Diseno Textil SA, Kering SA, Kohls Corp., LVMH Moet Hennessy Louis Vuitton SE, Macys Inc., Next Plc, Nordstrom Inc., Penney OpCo LLC, PVH Corp., Ralph Lauren Corp., Target Corp., The Gap Inc., Transform Holdco LLC, Under Armour Inc., Walmart Inc., and Zalando SE

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 US Online Apparel, Footwear, And Accessories Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market across US
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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1 Executive Summary

  • 1.1 Market Overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Gender
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 08: Parent market
    • Exhibit 09: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 10: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 11: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 12: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 13: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 14: Chart on US: Year-over-year growth 2023-2028 (%)
      • Exhibit 15: Data Table on US: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Online apparel, footwear, and accessories market in US 2018 - 2022
      • Exhibit 16: Historic Market Size – Data Table on online apparel, footwear, and accessories market in US 2018 - 2022 ($ billion)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 17: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)
    • 4.3 Gender Segment Analysis 2018 - 2022
      • Exhibit 18: Historic Market Size – Gender Segment 2018 - 2022 ($ billion)
    • 4.4 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 20: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 23: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 24: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 25: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 26: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 27: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 28: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 29: Chart on Comparison by End-user
      • Exhibit 30: Data Table on Comparison by End-user
    • 6.3 Individual - Market size and forecast 2023-2028
      • Exhibit 31: Chart on Individual - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 32: Data Table on Individual - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 33: Chart on Individual - Year-over-year growth 2023-2028 (%)
      • Exhibit 34: Data Table on Individual - Year-over-year growth 2023-2028 (%)
    • 6.4 Commercial - Market size and forecast 2023-2028
      • Exhibit 35: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 37: Chart on Commercial - Year-over-year growth 2023-2028 (%)
      • Exhibit 38: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
    • 6.5 Market opportunity by End-user
      • Exhibit 39: Market opportunity by End-user ($ billion)
      • Exhibit 40: Data Table on Market opportunity by End-user ($ billion)

    7 Market Segmentation by Gender

    • 7.1 Market segments
      • Exhibit 41: Chart on Gender - Market share 2023-2028 (%)
      • Exhibit 42: Data Table on Gender - Market share 2023-2028 (%)
    • 7.2 Comparison by Gender
      • Exhibit 43: Chart on Comparison by Gender
      • Exhibit 44: Data Table on Comparison by Gender
    • 7.3 Women - Market size and forecast 2023-2028
      • Exhibit 45: Chart on Women - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 46: Data Table on Women - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Chart on Women - Year-over-year growth 2023-2028 (%)
      • Exhibit 48: Data Table on Women - Year-over-year growth 2023-2028 (%)
    • 7.4 Men - Market size and forecast 2023-2028
      • Exhibit 49: Chart on Men - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 50: Data Table on Men - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Chart on Men - Year-over-year growth 2023-2028 (%)
      • Exhibit 52: Data Table on Men - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Gender
      • Exhibit 53: Market opportunity by Gender ($ billion)
      • Exhibit 54: Data Table on Market opportunity by Gender ($ billion)

    8 Market Segmentation by Product

    • 8.1 Market segments
      • Exhibit 55: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 56: Data Table on Product - Market share 2023-2028 (%)
    • 8.2 Comparison by Product
      • Exhibit 57: Chart on Comparison by Product
      • Exhibit 58: Data Table on Comparison by Product
    • 8.3 Apparel - Market size and forecast 2023-2028
      • Exhibit 59: Chart on Apparel - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 60: Data Table on Apparel - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Chart on Apparel - Year-over-year growth 2023-2028 (%)
      • Exhibit 62: Data Table on Apparel - Year-over-year growth 2023-2028 (%)
    • 8.4 Footwear - Market size and forecast 2023-2028
      • Exhibit 63: Chart on Footwear - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 64: Data Table on Footwear - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Chart on Footwear - Year-over-year growth 2023-2028 (%)
      • Exhibit 66: Data Table on Footwear - Year-over-year growth 2023-2028 (%)
    • 8.5 Accessories - Market size and forecast 2023-2028
      • Exhibit 67: Chart on Accessories - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 68: Data Table on Accessories - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Chart on Accessories - Year-over-year growth 2023-2028 (%)
      • Exhibit 70: Data Table on Accessories - Year-over-year growth 2023-2028 (%)
    • 8.6 Market opportunity by Product
      • Exhibit 71: Market opportunity by Product ($ billion)
      • Exhibit 72: Data Table on Market opportunity by Product ($ billion)

    9 Customer Landscape

    • 9.1 Customer landscape overview
      • Exhibit 73: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 74: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 75: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 76: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 77: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 78: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 79: Matrix on vendor position and classification
            • 12.3 Academy Sports and Outdoors Inc
              • Exhibit 80: Academy Sports and Outdoors Inc - Overview
              • Exhibit 81: Academy Sports and Outdoors Inc - Product / Service
              • Exhibit 82: Academy Sports and Outdoors Inc - Key offerings
            • 12.4 Amazon.com Inc.
              • Exhibit 83: Amazon.com Inc. - Overview
              • Exhibit 84: Amazon.com Inc. - Business segments
              • Exhibit 85: Amazon.com Inc. - Key news
              • Exhibit 86: Amazon.com Inc. - Key offerings
              • Exhibit 87: Amazon.com Inc. - Segment focus
            • 12.5 Backcountry.com LLC
              • Exhibit 88: Backcountry.com LLC - Overview
              • Exhibit 89: Backcountry.com LLC - Product / Service
              • Exhibit 90: Backcountry.com LLC - Key offerings
            • 12.6 Berkshire Hathaway Inc.
              • Exhibit 91: Berkshire Hathaway Inc. - Overview
              • Exhibit 92: Berkshire Hathaway Inc. - Business segments
              • Exhibit 93: Berkshire Hathaway Inc. - Key news
              • Exhibit 94: Berkshire Hathaway Inc. - Key offerings
              • Exhibit 95: Berkshire Hathaway Inc. - Segment focus
            • 12.7 Costco Wholesale Corp.
              • Exhibit 96: Costco Wholesale Corp. - Overview
              • Exhibit 97: Costco Wholesale Corp. - Business segments
              • Exhibit 98: Costco Wholesale Corp. - Key offerings
              • Exhibit 99: Costco Wholesale Corp. - Segment focus
            • 12.8 CustomInk LLC
              • Exhibit 100: CustomInk LLC - Overview
              • Exhibit 101: CustomInk LLC - Product / Service
              • Exhibit 102: CustomInk LLC - Key offerings
            • 12.9 Frasers Group plc
              • Exhibit 103: Frasers Group plc - Overview
              • Exhibit 104: Frasers Group plc - Business segments
              • Exhibit 105: Frasers Group plc - Key offerings
              • Exhibit 106: Frasers Group plc - Segment focus
            • 12.10 Kohls Corp.
              • Exhibit 107: Kohls Corp. - Overview
              • Exhibit 108: Kohls Corp. - Business segments
              • Exhibit 109: Kohls Corp. - Key offerings
              • Exhibit 110: Kohls Corp. - Segment focus
            • 12.11 Macys Inc.
              • Exhibit 111: Macys Inc. - Overview
              • Exhibit 112: Macys Inc. - Product / Service
              • Exhibit 113: Macys Inc. - Key offerings
            • 12.12 Nordstrom Inc.
              • Exhibit 114: Nordstrom Inc. - Overview
              • Exhibit 115: Nordstrom Inc. - Product / Service
              • Exhibit 116: Nordstrom Inc. - Key news
              • Exhibit 117: Nordstrom Inc. - Key offerings
            • 12.13 Penney OpCo LLC
              • Exhibit 118: Penney OpCo LLC - Overview
              • Exhibit 119: Penney OpCo LLC - Product / Service
              • Exhibit 120: Penney OpCo LLC - Key offerings
            • 12.14 Target Corp.
              • Exhibit 121: Target Corp. - Overview
              • Exhibit 122: Target Corp. - Product / Service
              • Exhibit 123: Target Corp. - Key offerings
            • 12.15 The Gap Inc.
              • Exhibit 124: The Gap Inc. - Overview
              • Exhibit 125: The Gap Inc. - Business segments
              • Exhibit 126: The Gap Inc. - Key news
              • Exhibit 127: The Gap Inc. - Key offerings
              • Exhibit 128: The Gap Inc. - Segment focus
            • 12.16 Transform Holdco LLC
              • Exhibit 129: Transform Holdco LLC - Overview
              • Exhibit 130: Transform Holdco LLC - Product / Service
              • Exhibit 131: Transform Holdco LLC - Key offerings
            • 12.17 Walmart Inc.
              • Exhibit 132: Walmart Inc. - Overview
              • Exhibit 133: Walmart Inc. - Business segments
              • Exhibit 134: Walmart Inc. - Key offerings
              • Exhibit 135: Walmart Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 136: Inclusions checklist
                • Exhibit 137: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 138: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 139: Research methodology
                • Exhibit 140: Validation techniques employed for market sizing
                • Exhibit 141: Information sources
              • 13.5 List of abbreviations
                • Exhibit 142: List of abbreviations

              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.

              INFORMATION 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

              DATA 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

              REPORT 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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              Key Questions Answered

              • 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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