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CHINA FASHION ECOMMERCE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

China Fashion Ecommerce Market, By Product Type (Apparel, Footwear, Accessories, Jewelry, Bags), By Consumer Group (Mens Fashion, Womens Fashion, Kids Fashion, Plus Size Fashion, Pet Fashion, Others), By Price Range (Premium, Mid-Range, Economy), By Technology (Augmented Reality, Virtual Reality, Artificial Intelligence, 3D Modeling, Others), By Payment Method (Debit/Credit Cards, eWallets, Bank Transfer, Cash on Delivery, Cryptocurrency, Others)

  • Published In : Jan 2024
  • Code : CMI6443
  • Pages :160
  • Formats :
      Excel and PDF
  • Industry : Smart Technologies

China Fashion Ecommerce Market Size and Trends

China fashion ecommerce market size is estimated to be valued at US$ 475.2 Bn in 2023 and is expected to reach US$ 1,625.5 Bn by 2030, exhibiting a compound annual growth rate (CAGR) of 19.2% from 2023 to 2030.

Ecommerce platforms are online marketplaces that allow consumers to directly buy fashion goods from brands or sellers over the internet. Fashion ecommerce provides convenience and saves time for consumers to shop from anywhere by using smartphones and computers. The key drivers of fashion ecommerce growth in China include rising internet and smartphone penetration, increasing middle-class population with high disposable incomes, and changing consumer preferences towards online shopping.

China fashion ecommerce market is segmented into product type, consumer group, price range, technology, payment method. By product type, the apparel segment accounted for the largest market share in 2022. Apparel is the most popular fashion category purchased online due to the rise of fast fashion and increased desire for branded clothing among Chinese consumers.

China Fashion Ecommerce Market Trends:

  • Livestream and influencer led shopping gaining traction: Livestream commerce is a rising phenomenon led by influencers broadcasting real-time video streams and recommending products. The interactive format blends entertainment with shopping and encourages impulse purchases. Influencers from various niches like fashion, fitness, travel, gaming, and others collaborate with brands and platforms for creative campaigns. Consumers find influencer recommendations to be more trustworthy.
  • Gamification and interactive shopping experience: Chinese ecommerce apps like Taobao and JD Worldwide have successfully used gamification tactics like points, badges, leaderboards, and others to drive engagement and purchases. Interactive mini-games, quizzes, augmented reality try-ons are making fashion shopping entertaining. EPIC Games launched a virtual experiential store on Roblox for limited edition streetwear. The metaverse is opening new possibilities for gamified virtual shopping.
  • Voice-based and conversational commerce: Smart speakers and conversational interfaces like WeChat are enabling voice-based shopping. Chinese consumers are increasingly using voice commands and conversations to discover and buy products. Voice commerce provides hands-free convenience and personalization that are based on purchase history and preferences. Fashion retailers are developing skills and integrating natural language processing into apps to deliver seamless conversational commerce.
  • Sustainability and ethical trade gaining priority: Chinese consumers are becoming more conscious about sustainability and ethical sourcing aspects of products they purchase. Fashion ecommerce players are taking steps to promote sustainable brands and products. Features like carbon footprint tracking and environmental certifications help consumers make informed choices. Brands adopting ethical practices like good working conditions, fair wages, responsible raw material sourcing are likely to gain preference.

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