by The France fashion ecommerce market is estimated to be valued at US$ 17.52 billion in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The France fashion ecommerce market facilitates the online purchasing of apparel, footwear, cosmetics and other fashion products. The market caters to a wide range of customer segments from value-focused to luxury seekers. Major categories include men’s fashion, women’s fashion and kids fashion. E-tailers offer extensive product assortments, competitive pricing and convenient delivery & payment options.
Market Dynamics:
The growth of the France fashion ecommerce market is driven by expansion of cross border e-commerce and emergence of domestic online fashion retailers. Cross border online shopping has boosted significantly over the past few years with rising popularity of global fashion marketplaces like Amazon and ASOS. This has broadened product selections for French customers. Additionally, there has been a proliferation of pureplay domestic players like Cdiscount, Vente-Privée and Spartoo catering to local consumer preferences with French website and payment options. Their innovative marketing strategies and relentless focus on enhancing customer experience have aided market expansion. Furthermore, COVID-19 pandemic has accelerated online shift of apparel spending in France, benefiting fashion e-retailers. Increased acceptance of online mode of shopping is expected to persist even post pandemic.
Segment Analysis
The France fashion ecommerce market is dominated by the women’s wear segment which accounts for over 40% market share. This is primarily due to rising fashion consciousness among French women and their inclination towards new fashion trends. Products such as dresses, tops, jeans and athleisure wear see maximum demand in this segment. The men’s wear segment holds the second position and captures around 30% share due to increasing working professional population and their proclivity for formals and casuals during weekends.
PEST Analysis
Political: The government’s initiatives to promote digitalization and entrepreneurship have helped foster innovation and investments in the fashion ecommerce sector.
Economic: France has a thriving economy with rising disposable incomes. This has increased spending power of consumers on fashion merchandise.
Social: Younger generations are increasingly adopting online channel for fashion shopping due to convenience and variety of options. Also, popularity of social media trends socializing fashion picks.
Technological: Availability of high speed internet penetration and rising adoption of smartphones has boosted online channel growth. Most key players also offer interactive features like virtual trial, product reviews to enhance consumer experience.
Key Takeaways
The France Fashion Ecommerce Market Share is expected to witness high growth, exhibiting CAGR of 13% over the forecast period 2023 to 2030, due to increasing urbanization. The market size is projected to reach US$ 17.52 billion by 2023. Regional analysis The France market dominates the European region and is the fastest growing market supported by high disposable incomes in urban areas and rising youth population inclined towards contemporary trends.
Key players operating in the France fashion ecommerce market are Amazon, Cdiscount, Vente-Privée, Asos, Sarenza, Spartoo, La Redoute, Galeries Lafayette, Showroomprive, Zalando. Key players are focused on enhancing their omni-channel capabilities and customization options to leverage market potential. Advanced technologies like AR/VR and predictive analytics are also being leveraged for a better value proposition.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
