Press release
Fast Fashion Market Trends, Share, Industry Size, Opportunities, Analysis and Forecast to 2031 | Zara (Inditex), H&M Group, Fast Retailing (Uniqlo), Gap, Forever 21
Fast Fashion Market
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The global Fast Fashion market report by the business research company identifies increasing Virtual and augmented reality is being used by online and offline retailers in the fast fashion market. The use of virtual or augmented reality in the fast fashion market is to fill the gap between online and offline channels. These technologies enable the customer to try the product and see how it looks when they try the clothes or make-up on them by using virtual reality mirrors or cameras in their smartphones. For instance, applications such as DressingRoom are using augmented reality technology to enable shoppers to try outfits on an avatar. Virtual and augmented reality enhances in-store experience and this is driving the market for fast fashion.
The global fast fashion market grew from $91.23 billion in 2021 to $99.23 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The fast fashion market is expected to grow to $133.43 billion in 2026 at a CAGR of 7.7%.
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Western Europe was the largest region in the fast fashion market in 2021. Asia Pacific was the second largest region in the fast fashion market. The regions covered in the fast-fashion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the fast fashion market are Zara (Inditex), H&M Group, Fast Retailing (Uniqlo), Gap, Forever 21, Mango, Esprit, Primark, New Look, and River Island.
The global fast fashion market is segmented -
1) By Gender: Women's wear, Men's wear
2) By Age: Adults wear, Teens wear, Kids wear, Other Ages
3) By Type: Pants, Coat, Skirt, Other Types
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The Fast Fashion Market Report Contents Include
1. Executive Summary
2. Fast Fashion Market Characteristics
3. Fast Fashion Market Trends And Strategies
4. Impact Of COVID-19 On Fast Fashion
5. Fast Fashion Market Size And Growth
....
26. Africa Fast Fashion Market
27. Fast Fashion Market Competitive Landscape And Company Profiles
28. Fast Fashion Pipeline Analysis
29. Key Mergers And Acquisitions In The Fast Fashion Market
30. Fast Fashion Market Future Outlook and Potential Analysis
31. Appendix
This report covers the trends and market dynamics of the Fast Fashion market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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