Fast Fashion Market size to grow by USD 49.13 Bn, Market Research Insights highlight burgeoning demand for fast-fashion clothing from the youth as Key Driver - Technavio

NEW YORK, Oct. 24, 2022 /PRNewswire/ -- According to the research report, the Fast Fashion Market will witness a YOY growth of 8.12% in 2022 at a CAGR of 8.55% during the forecast period. The report is segmented by gender (female and male), distribution channel (offline and online), and geography (North America, Europe, APAC, the Middle East and Africa, and South America).

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The Fast Fashion Market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors also adopt inorganic growth strategies such as M&As to remain competitive in the market.   

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

• ARCADIA SRL
• ASOS Plc
• BERSHKA BSK ESPANA S.A
• BESTSELLER AS
• C&A Mode GmbH & Co KG
• Charlotte Russe
• Cotton On Group
• Esprit Holdings Ltd.
• Fast Retailing Co. Ltd.
• Forever21 Inc.
• Future Lifestyle Fashions Ltd. 

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Buy Sample Report. 

The factors driving the fast fashion market in North America are the vast population, an increase in money, changes in consumer purchasing behavior, and changes in lifestyles. International fast fashion vendors frequently visit nations like the US and Canada. To appeal to North American consumers who are price-conscious, many vendors have launched low-cost brands. Fast-fashion merchants are filling the void and expanding their market share. Quick product changes by garment marketers generate a sense of scarcity that encourages clients to frequent their establishments more frequently. The rising disposable income in North America is responsible for the market's expansion. This will give the area a fantastic opportunity.

The youth's growing demand for fast-fashion items is a significant factor in the market's expansion. Several mass-market firms imitate the most recent fashion trends in their clothing in the quick fashion sector. Zara, H&M, Forever 21 Inc. (Forever 21), Urban Outfitters Inc. (Urban Outfitters), Mango by Punto Fa, SL (Punto Fa), Gap, and United Colors of Benetton by Benetton Group SRL are some of the well-known fast fashion companies in the globe (Benetton Group). Keeping up with the newest fashion trends while maintaining a flexible budget is a priority for millennials.

Vendors of fast fashion apparel are investigating new business strategies. As a result, retailers in the fast fashion sector have embraced online clothing services as a long-term strategy to boost their revenue flow. Online shopping companies are predicted to benefit from fast fashion and rapidly changing fashion trends. Therefore, the fast fashion market is anticipated to soar over the forecast period along with the rise of the fast fashion sector. Download Free Sample Report.

The main obstacle to the growth of the fast fashion business is the availability of counterfeit goods. The worldwide fast fashion sector has a large selection of fake goods, which fragments the market. In turn, this leads to unfair competition, a lack of pricing standardization, and a loss of market share. Fake brands compete with worldwide names by selling their goods at lower prices than the latter, despite their inferior durability and quality. Low-income consumers favor imitation goods despite the fact that they seem cost-effective and are inferior in quality. During the projected period, these problems are anticipated to severely impede market expansion.  

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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 Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Gender
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Gender

• 5.1 Market segments 
• Exhibit 25: Chart on Gender - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Gender - Market share 2021-2026 (%)

• 5.2 Comparison by Gender 
• Exhibit 27: Chart on Comparison by Gender
• Exhibit 28: Data Table on Comparison by Gender

• 5.3 Female - Market size and forecast 2021-2026
• Exhibit 29: Chart on Female - Market size and forecast 2021-2026 ($ billion)
• Exhibit 30: Data Table on Female - Market size and forecast 2021-2026 ($ billion)
• Exhibit 31: Chart on Female - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Female - Year-over-year growth 2021-2026 (%)

• 5.4 Male - Market size and forecast 2021-2026
• Exhibit 33: Chart on Male - Market size and forecast 2021-2026 ($ billion)
• Exhibit 34: Data Table on Male - Market size and forecast 2021-2026 ($ billion)
• Exhibit 35: Chart on Male - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Male - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Gender 
• Exhibit 37: Market opportunity by Gender ($ billion)

6 Market Segmentation by Distribution Channel

• 6.1 Market segments 
• Exhibit 38: Chart on Distribution Channel - Market share 2021-2026 (%)
• Exhibit 39: Data Table on Distribution Channel - Market share 2021-2026 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 40: Chart on Comparison by Distribution Channel
• Exhibit 41: Data Table on Comparison by Distribution Channel

• 6.3 Offline - Market size and forecast 2021-2026
• Exhibit 42: Chart on Offline - Market size and forecast 2021-2026 ($ billion)
• Exhibit 43: Data Table on Offline - Market size and forecast 2021-2026 ($ billion)
• Exhibit 44: Chart on Offline - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on Offline - Year-over-year growth 2021-2026 (%)

• 6.4 Online - Market size and forecast 2021-2026
• Exhibit 46: Chart on Online - Market size and forecast 2021-2026 ($ billion)
• Exhibit 47: Data Table on Online - Market size and forecast 2021-2026 ($ billion)
• Exhibit 48: Chart on Online - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Online - Year-over-year growth 2021-2026 (%)

• 6.5 Market opportunity by Distribution Channel
• Exhibit 50: Market opportunity by Distribution Channel ($ billion)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 51: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 52: Chart on Market share by geography 2021-2026 (%)
• Exhibit 53: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 54: Chart on Geographic comparison
• Exhibit 55: Data Table on Geographic comparison

• 8.3 North America - Market size and forecast 2021-2026
• Exhibit 56: Chart on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 57: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 58: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 59: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.4 Europe - Market size and forecast 2021-2026
• Exhibit 60: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 61: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
• Exhibit 62: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 63: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.5 APAC - Market size and forecast 2021-2026
• Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
• Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 68: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 69: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
• Exhibit 70: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.7 South America - Market size and forecast 2021-2026
• Exhibit 72: Chart on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 73: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
• Exhibit 74: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.8 US - Market size and forecast 2021-2026
• Exhibit 76: Chart on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 77: Data Table on US - Market size and forecast 2021-2026 ($ billion)
• Exhibit 78: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.9 Germany - Market size and forecast 2021-2026
• Exhibit 80: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 81: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
• Exhibit 82: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 8.10 Canada - Market size and forecast 2021-2026
• Exhibit 84: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
• Exhibit 85: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
• Exhibit 86: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 8.11 UK - Market size and forecast 2021-2026
• Exhibit 88: Chart on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 89: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
• Exhibit 90: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 8.12 China - Market size and forecast 2021-2026
• Exhibit 92: Chart on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 93: Data Table on China - Market size and forecast 2021-2026 ($ billion)
• Exhibit 94: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography 
• Exhibit 96: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 97: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 98: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 99: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 100: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 101: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 102: Matrix on vendor position and classification

• 11.3 Esprit Holdings Ltd. 
• Exhibit 103: Esprit Holdings Ltd. - Overview
• Exhibit 104: Esprit Holdings Ltd. - Business segments
• Exhibit 105: Esprit Holdings Ltd. - Key offerings
• Exhibit 106: Esprit Holdings Ltd. - Segment focus

• 11.4 Fast Retailing Co. Ltd. 
• Exhibit 107: Fast Retailing Co. Ltd. - Overview
• Exhibit 108: Fast Retailing Co. Ltd. - Business segments
• Exhibit 109: Fast Retailing Co. Ltd. - Key news
• Exhibit 110: Fast Retailing Co. Ltd. - Key offerings
• Exhibit 111: Fast Retailing Co. Ltd. - Segment focus

• 11.5 Forever21 Inc. 
• Exhibit 112: Forever21 Inc. - Overview
• Exhibit 113: Forever21 Inc. - Product / Service
• Exhibit 114: Forever21 Inc. - Key offerings

• 11.6 H and M Hennes and Mauritz GBC AB 
• Exhibit 115: H and M Hennes and Mauritz GBC AB - Overview
• Exhibit 116: H and M Hennes and Mauritz GBC AB - Business segments
• Exhibit 117: H and M Hennes and Mauritz GBC AB - Key news
• Exhibit 118: H and M Hennes and Mauritz GBC AB - Key offerings
• Exhibit 119: H and M Hennes and Mauritz GBC AB - Segment focus

• 11.7 Mango 
• Exhibit 120: Mango - Overview
• Exhibit 121: Mango - Product / Service
• Exhibit 122: Mango - Key offerings

• 11.8 New Look Retailers Ltd. 
• Exhibit 123: New Look Retailers Ltd. - Overview
• Exhibit 124: New Look Retailers Ltd. - Business segments
• Exhibit 125: New Look Retailers Ltd. - Key offerings
• Exhibit 126: New Look Retailers Ltd. - Segment focus

• 11.9 Primark Stores Ltd. 
• Exhibit 127: Primark Stores Ltd. - Overview
• Exhibit 128: Primark Stores Ltd. - Product / Service
• Exhibit 129: Primark Stores Ltd. - Key offerings

• 11.10 River Island Clothing Co. Ltd. 
• Exhibit 130: River Island Clothing Co. Ltd. - Overview
• Exhibit 131: River Island Clothing Co. Ltd. - Product / Service
• Exhibit 132: River Island Clothing Co. Ltd. - Key offerings

• 11.11 The Gap Inc. 
• Exhibit 133: The Gap Inc. - Overview
• Exhibit 134: The Gap Inc. - Business segments
• Exhibit 135: The Gap Inc. - Key news
• Exhibit 136: The Gap Inc. - Key offerings
• Exhibit 137: The Gap Inc. - Segment focus

• 11.12 Zara 
• Exhibit 138: Zara - Overview
• Exhibit 139: Zara - Product / Service
• Exhibit 140: Zara - Key offerings

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 141: Inclusions checklist
• Exhibit 142: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 143: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 144: Research methodology
• Exhibit 145: Validation techniques employed for market sizing
• Exhibit 146: Information sources

• 12.5 List of abbreviations 
• Exhibit 147: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

Technavio Research 
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