France Fashion Ecommerce Market is Estimated To Witness High Growth Owing To Digital Adoption

The France Fashion Ecommerce Market is estimated to be valued at US$ 17.52 Bn 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 fashion ecommerce market in France is involved in online selling of clothes, footwear, cosmetics and other fashion related goods. The market provides convenience and ease of shopping to customers by allowing them to browse and purchase fashion products online from the comfort of their home. This has led to high demand and growth of the fashion ecommerce sector in France.

Market key trends:
The France fashion ecommerce market is witnessing high growth owing to increasing digital adoption among consumers in the country. With growing internet and smartphone penetration, more people are preferring online shopping over traditional retailing. According to reports, around 60% of France’s population has purchased clothes or cosmetics online in the last year. Major brands and retailers are investing heavily in their online presence and launching mobile optimized websites and apps to capture this fast growing customer segment. The boost in online fashion sales is driven by consumer trends like high convenience, wider product selection and attractive discounts on digital platforms. These factors are expected to continue fueling growth in France’s fashion ecommerce industry over the forecast period.

Porter’s Analysis
Threat of new entrants: The threat of new entrants in the France fashion ecommerce market is low as the market is already dominated by major established players. New players need heavy investments to build brand and gain customer trust.
Bargaining power of buyers: The bargaining power of buyers is moderate as there are many established online retailers providing variety of fashion products at competitive prices giving customers options to choose from.
Bargaining power of suppliers: Designer brands and large fashion retailers have more bargaining power over suppliers due to their scale of operations and supply chain networks. Smaller players have low bargaining power.
Threat of new substitutes: Threat from substitutes like in-store shopping is moderate as online provides convenience at competitive prices.
Competitive rivalry: High between major players.

SWOT Analysis
Strength: Wide selection of products, next day delivery, easy return policies, personalized recommendations.
Weakness: Dependence on few global suppliers, high operating costs, vulnerable to change in trends.
Opportunity: Growing smartphone and internet penetration, rise of social media influence on trends, innovations in technologies like AR/VR.
Threats: Economic slowdowns impacting discretionary spends, regulations around data privacy.

Key Takeaways
The France Fashion Ecommerce Market Share  size is expected to reach US$ 17.52 billion in 2023, exhibiting CAGR of 13% over the forecast period, due to increasing smartphone penetration and rise of social media influencing trends.
France dominates the Europe fashion ecommerce market with a market share of over 25% in 2022. The country has witnessed highest growth rate among major European countries led by increasing preference of shoppers towards online channels for convenience.
Key players operating in the France fashion ecommerce market are Amazon, Cdiscount, Vente-Privée, Asos, Sarenza, Spartoo, La Redoute, Galeries Lafayette, Showroomprive, Zalando. Major players are investing in artificial intelligence and augmented reality technologies to offer personalized recommendations and innovative virtual try-on features attracting more customers.

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https://www.trendingwebwire.com/market-outlook-for-the-emerging-trends-size-and-share-analysis/

 

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