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Jan 27, 2021 (Market Insight Reports) —
Selbyville, Delaware, According to the research report titled ‘Global Fashion Market Size study, by Products (Footwear, Headwear, Clothing, Jewelry and Accessories, Bags, Others) by Application and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global fashion market was remunerated at USD 300 billion in 2019 and is expected to grow with a CAGR of 4.2% during 2020-2027.
Global fashion market is primarily driven by factors such as robust sales channel such as e-commerce and retail stores, along with rapid urbanization in developing and developed economies leading to upsurge in demand for fashion goods, specifically apparels. According to Statista, in 2019, the US apparel market amassed USD 368 billion, comprising of e-commerce sales of USD 100 billion and retail sales of USD 268 billion, which is an overall surge from