Press release
Generative AI in Fashion Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Generative AI in Fashion
What Is the Expected Generative AI in Fashion Market Size During the Forecast Period?
The generative AI in fashion market has grown rapidly in recent years. It will expand from $0.13 billion in 2024 to $0.18 billion in 2025, at a compound annual growth rate (CAGR) of 38.4%. Factors contributing to this growth include the rise of fashion tech startups, enhanced consumer insights, trend forecasting, cross-industry innovation, and increasing focus on sustainability.
The generative AI in fashion market is projected to experience exponential growth, reaching $0.65 billion by 2029 at a CAGR of 38.0%. This growth is attributed to hyper-personalization, sustainability solutions, on-demand manufacturing, and demand for representative fashion models. Key trends include machine learning advancements, virtual try-on technologies, customization trends, real-time trend analysis, AI-generated influencer fashion, and AI-powered styling.
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What Are the High-Growth Segments in the Generative AI in Fashion Market?
The generative AI in fashion market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Deployment Mode: Cloud, On-premises
3) By Category: Clothing, Accessories, Beauty And Cosmetics, Other Categories
4) By Application: Product Recommendation, Product Search and Discovery, Supply Chain Management And Demand Forecasting, Creative Designing And Trend Forecasting, Customer Relationship Management, Virtual Assistants, Other Applications
5) By End User: Fashion Designers, Fashion Stores
Subsegments:
1) By Solutions: AI-Powered Design Tools, Virtual Try-On Solutions, Personalization And Recommendation Systems, AI-Based Trend Forecasting, Fabric And Pattern Generation, 3D Modeling And Rendering Tools
2) By Services: Consulting Services, Integration Services, Support And Maintenance Services, Managed Services
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What Key Drivers Are Expected to Influence Future Generative AI in Fashion Market Growth?
The expanding e-commerce sector is expected to support growth in the generative AI in fashion market. E-commerce refers to online buying and selling, which has grown due to convenience, shifting consumer habits, social media influence, and better logistics. In fashion, generative AI enhances online retail by offering personalized styles, improving supply chain efficiency, encouraging sustainable practices, and increasing consumer interaction and retention. For example, in February 2024, the United States Census Bureau reported that US e-commerce sales for 2023 reached $1,118.7 billion-a 7.6% increase from 2022. Thus, the growth of e-commerce is fueling the expansion of generative AI in the fashion market.
Which Companies Hold the Largest Share Across Different Generative AI in Fashion Market Segments?
Major companies operating in the generative AI in fashion market are Amazon.com Inc., Alphabet Inc., Adobe Inc., Zalando SE, Farfetch Group Limited, Stitch Fix Inc., Myntra Designs Pvt. Ltd., Choosy, Vue.ai, True Fit Corporation, Mode.ai, Synflux AI Lab LLP, Heuritech SAS, Bigthinx Technologies Pvt. Ltd., Dressformer Technologies Inc., Intelistyle Ltd., Omnivor, RivetAI Inc., Streamoid Technologies, Style.me Technologies Limited, Revery Inc., Stylumia Intelligence Technology Pvt. Ltd., ZyseMe
What Generative AI in Fashion Market Trends Are Gaining Traction Across Different Segments?
Leading firms in the generative AI fashion market are concentrating on innovative advancements such as the use of AI-driven platforms to streamline the design process and generate distinct, personalized fashion concepts. An AI-driven platform for the apparel industry offers a tech solution capable of employing AI algorithms to create and formulate designs, patterns, and styles for clothes and accessories. Take, for example, Navan AI, a software company from Singapore, that launched a platform called niia.ai, specifically designed to support the apparel industry, in April 2024. As a subscription-based FashionTech platform, niia.ai equips clothing designers with the means to efficiently create, envision, and market their designs. By exploiting the capabilities of generative AI, the platform offers substantial time and cost reductions to clothing designers while simultaneously enhancing their creative abilities. It also presents opportunities for fashion and home decor brands to generate designs, patterns, and high-quality product fitting images in mere seconds with the use of generative AI technology.
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What Are the Emerging Geographies for The Generative AI in Fashion Market Growth?
North America was the largest region in the generative AI in fashion market in 2023. The regions covered in the generative AI in fashion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Generative AI in Fashion Market?
2. What is the CAGR expected in the Generative AI in Fashion Market?
3. What Are the Key Innovations Transforming the Generative AI in Fashion Industry?
4. Which Region Is Leading the Generative AI in Fashion Market?
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