analysts forecast the global
online apparel retailing market to grow to USD 167.25
billion by 2021, at a CAGR of close to 14% over the forecast period,
according to their latest report.
The research study by Technavio on the global
online apparel retailing market for 2017-2021 provides a
detailed industry analysis based on the product (upper wear and bottom
wear), end-users (women, men, and children), and geography (Europe,
North America, APAC, and ROW).
Online women’s apparel is the largest segment of the global
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Technavio analysts highlight the following three factors that are
contributing to the growth of the global online apparel retailing market:
- Growing online seasonal sales
- Demand for trendy apparel
- Rising popularity of digital payment system
Growing online seasonal sales
Heavy discounts and end of season sales contribute a large part of the
revenue generated by the online retail market. The Black Friday sale,
promotional sales, stock clearance sales and end of season sales lure in