NEWS
The growth, trends, forecasts and challenges of clothing e-commerce in 2021!
Author:
Lucas
Source:
Release time:
2021-07-09
In 2021, the online fashion industry is expected to exceed 759 million U.S. dollars, and will maintain a compound annual growth rate of 7.18%. By 2025, the scale will exceed 1 trillion U.S. dollars.
As more and more small retailers, designers and e-commerce entrepreneurs move online, the competitive landscape of apparel e-commerce is becoming increasingly fierce.
Trends and statistics of the online apparel industry in 2021
E-commerce growth in the fashion industry
The fashion industry is growing at an annual rate of 7.18%. According to the current development trajectory, the scale of the industry is expected to exceed USD 1 trillion within 4 years. At the same time, the penetration rate of e-commerce in the fashion industry is expected to increase from 46.6% to 60.32% in 2024.
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