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Global Fashion Market to reach USD 3025 billion by 2027

Global Fashion Market Size study, by Type (Footwear, Headwear, Clothing, Jewelry and Accessories, Bags and Others), by Application (Men and Women) and Regional Forecasts 2020-2027

Product Code: OIRCGAS_35683563
Publish Date: 15-06-2020
Page: 200

Global Fashion Market is valued approximately USD 2106.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 4.83% over the forecast period 2020-2027. After the stable growth over the past few years, the fashion industry is following the uptick in the broader global economic environment. The growth of the fashion market is attributed owing to the increasing per capita spending on apparels and growth in the e-commerce industry. Growing disposable income is escalating purchasing power which allows individuals to spend more on fashion. According to the Ministry of Statistics and Program Implementation (MoSPI), per capita spending of clothing and footwear in India has been increased from USD 48 (2013-14) to USD 72 in (2017-18), representing an increase of 7% between years. Furthermore, to tackle such fierce competition, the market players are adopting growth strategies such as partnership, innovation & acquisition. For Instance: in June 2020, Luxottica and Hudson agreed on a partnership agreement and revealed their plan to launch in-store Sunglass Hut shop-in-shops. This collaboration will allow both the companies to take advantage of it such as the Hudson companies plan to open an additional mine shop-in shops by August in airports with a phased approach. Also, innovation may fully disrupt how clothes & accessories are made and consumed. Global trends and forces will shape consumer behaviors and the role of brands and retailers. Introduction of smart clothing and advancements in the fashion industry is expected to create significant growth opportunity in the market over the forecast period. However, fluctuation in raw material prices is expected to impede the market growth.

The regional analysis of global Fashion market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. EU is set to hold the largest market share for Fashion industry in the near future. The dominance of EU in the global market for Fashion can be primarily attributed to the high demand for branded clothing and Fashion products & accessories. Extensive production of Apparels and Clothing in the region along with consumer expenditure as the branded fashion products also contributing towards the Fashion market growth in the region

Major market player included in this report are:

TJX Companies
L Brands
VF Corporation
Richemont Group
Pandora Jewellery

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Jewellery and Accessories

By application:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Urgent Care Center Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Fashion Market, by Region, 2018-2027 (USD Billion)
1.2.2. Fashion Market, by Type, 2018-2027 (USD Billion)
1.2.3. Fashion Market, by Application, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fashion Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fashion Market Dynamics
3.1. Fashion Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Fashion Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Fashion Market, by Type
5.1. Market Snapshot
5.2. Global Fashion Market by Type, Performance – Potential Analysis
5.3. Global Fashion Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Fashion Market, Sub Segment Analysis
5.4.1. Footwear
5.4.2. Headwear
5.4.3. Clothing
5.4.4. Jewellery and Accessories
5.4.5. Bags
5.4.6. Others
Chapter 6. Global Fashion Market, by Application
6.1. Market Snapshot
6.2. Global Fashion Market by Application, Performance – Potential Analysis
6.3. Global Fashion Market Estimates & Forecasts by Application2017-2027 (USD Billion)
6.4. Fashion Market, Sub Segment Analysis
6.4.1. Men
6.4.2. Women
Chapter 7. Global Fashion Market, Regional Analysis
7.1. Fashion Market, Regional Market Snapshot
7.2. North America Fashion Market
7.2.1. U.S. Fashion Market Type breakdown estimates & forecasts, 2017-2027 Application breakdown estimates & forecasts, 2017-2027
7.2.2. Canada Fashion Market
7.3. Europe Fashion Market Snapshot
7.3.1. U.K. Fashion Market
7.3.2. Germany Fashion Market
7.3.3. France Fashion Market
7.3.4. Spain Fashion Market
7.3.5. Italy Fashion Market
7.3.6. Rest of Europe Fashion Market
7.4. Asia-Pacific Fashion Market Snapshot
7.4.1. China Fashion Market
7.4.2. India Fashion Market
7.4.3. Japan Fashion Market
7.4.4. Australia Fashion Market
7.4.5. South Korea Fashion Market
7.4.6. Rest of Asia Pacific Fashion Market
7.5. Latin America Fashion Market Snapshot
7.5.1. Brazil Fashion Market
7.5.2. Mexico Fashion Market
7.6. Rest of The World Fashion Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. TJX Companies Key Information Overview Financial (Subject to Data Availability) Summary Recent Developments
8.2.2. L Brands
8.2.3. Inditex
8.2.4. Hermès
8.2.5. Nike
8.2.6. Luxottica
8.2.7. VF Corporation
8.2.8. Richemont Group
8.2.9. Pandora Jewellery
8.2.10. LVMH
8.2.11. Kering
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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