Scope of the Report
The report titled Global Fast Fashion Market with Focus on The United States: Size, Trends & Forecasts (2016-2020), provides an in-depth analysis of the global fast fashion market by value and by volume. The report provides a regional analysis of the fast fashion market of the United States. The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global fast fashion market has also been forecasted for the period 2016-2020, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
The competition in the global Fast Fashion market is dominated by the four big players, Zara, H&M, Gap, Inc. and Uniqlo. Further, key players of the fast fashion market Zara, H&M, Uniqlo and Gap, Inc. are also profiled with their financial information and respective business strategies.
- Zara (Inditex Group)
- Gap, Inc.
The apparel industry encompasses the clothing, the footwear, the jewellery and the accessories, and addresses the need of all gender types, the men, women and children. The each product type can further be classified based on the variations in a product per se. The apparel industry can be segmented on the basis of fast fashion and traditional fashion.
The global fast fashion market has increased at a significant CAGR during the years 2005-2015 and projections are made that the market would rise in the next four years i.e. 2016-2020 tremendously. The fast fashion market is expected to increase due to growth in media development, increase in expenditure on fast fashion, growing youth population and growth of emerging economies. Yet the market faces some challenges such as, decline in spending on apparel, inventory management, perishable and volatile demand.