•    a national campaign to promote the diversity of careers to young people combined with the promotion of greater business teaching in fashion courses | Source: Statista, based on ITU, Estimated share of the total population using a smartphone | Source: Statista, Number of people in the selected region using the internet | Source: Statista, based on ITU and national statistical offices, Average per capita sales of laptops and tablets in units | Source: Statista Consumer Market Outlook, Average revenue of laptops and tablets per capita | Source: Statista Consumer Market Outlook, The indicator shows the estimated average per capita sales of Desktop-PCs in units. 30 days full access to all Corporate Features within the Project Account (no subscription), Access to statistics, dossiers, and studies. $2.4 trillion was the estimated worth of the global fashion industry in 2016. I look forward to continuing to work with the British Fashion Council to make sure that the Government does what it can to further support the industry.” Reading Support Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: (Core country: data based on in-depth analysis), in the Fashion market As one of the world’s largest consumer industries, the fashion industry is a true powerhouse for global development, worth an estimated $2.4 trillion and employing around 60 million people along its value … With a growing number of high-value jobs that pay high wages, fashion is now having a big impact not only in fashion centers on the coasts, but also in smaller cities around the country. •    directly employs 816,000 people across a wide range of jobs and is the largest employer of all the creative industries These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models. Dedicated outdoor and sports apparel, outdoor and sports shoes as well as baby’s clothes are part of other categories (see: Toys, Hobby & DIY). The Fashion segment is expected to show a revenue growth of 7.2% in 2021. The direct value of the UK fashion industry to the UK economy is nearly £21 billion according to a major new research study released today. In the United States an estimated 1.8 million people are in employed in the fashion industry, among whom 232,000 in manufacturing textiles for apparel and other fashion items. Fashion Industry Statistics. The average revenue per user (ARPU) in the Apparel segment is projected to amount to US$544.56 in 2020. in percent. The ‘Value of the UK Fashion Industry’ report, commissioned by the British Fashion Council,defines the industry and analyses the true breadth and economic value of the UK fashion industry for the first time. 1 Almost 75% of the world’s fashion market is concentrated in Europe, USA, China and Japan. This may seem small, but on a global scale lingerie is expected to hit $325.36 billion by 2025 according to Allied Market research, making that 4% worth … By 2020, the market size of the apparel industry is expected to reach a mind-boggling $1.65 trillion sales in US dollars worldwide. The fashion industry is constantly changing. The Users by gender box shows the gender distribution of users of the selected market (market segment, region). Last year the fashion industry contributed £32.3 billion to UK GDP, a 5.4 per cent increase on 2016. 2020. “British Fashion has the talent, creativity and skills to rival anywhere in the world. Wipro Furniture Business9.2.2. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, The indicator shows the number of-fixed broadband subscriptions per 100 inhabitants in the selected region. The growth is higher than the figure for the UK economy as a whole. 11. Revenue is expected to show an annual growth rate (CAGR 2020-2025) of 4.2%, resulting in a projected market volume of US$39,946m by 2025. Get an overview of trends and key players and consult comparisons of the focus regions USA, China, and Europe. 2015. The global apparel market is valued at 3 trillion dollars, 3,000 billion, and accounts for 2 percent of the world’s Gross Domestic Product (GDP). This report examines the UK clothing and accessories market. Jun. You probably don't want to relive the overall horror show that was 2020, but it's worth pointing out that the fashion industry changed more this year than any other (that I've worked in it, at … The following boxes show the top 5 online stores by eCommerce net sales (first party sales) in the Fashion segment in United Kingdom. Business facilities as well as institutional housholds (like unversity dormitories or retire homes) are not counted as households. We estimate that revenues for the global fashion industry (apparel and footwear sectors) will contract by –27 to –30 percent in 2020 year-on-year, although the industry could regain positive growth of 2 to 4 … in million US$. The data is based on Statista's Global Consumer Survey. Here you can find more studies and statistics about "Fashion". Fashion is a highly sophisticated, $2.5 trillion global industry. The State of Fashion 2020 CONTRIBUTORS ACHIM BERG Based in Frankfurt, Achim Berg leads McKinsey’s Global Apparel, Fashion & Luxury group and is active in all relevant sectors including clothing, textiles, footwear, athletic wear, beauty, accessories and retailers spanning from the value end to luxury. This comprises of all retail sales through clothing specialists. The customer later pays directly using their preferred method (e.g. In the Fashion segment, the global online share of revenues already reached 20% in 2018, but the segment’s growth will continue in the next years, driven by East and Southeast Asia regions with their growing middle class and lagging offline shopping infrastructure. Revenue in the Fashion segment is projected to reach US$32,527m in 2020. cleaning products). in percent. | Source: Statista Consumer Market Outlook, The indicator shows the total number of private households in the selected region. Jan. Feb. Mar. (JEC Democratic, Bureau of Labor) Average annual wages in fashion range from 26,440 dollars, for textile bleaching and dyeing machine operators, to 84,600 dollars for marketing and sales managers in fashion. •    impact of the recession and limited access to investment for the fashion manufacturing and designer sectors The Users by age box shows the age distribution of users of the selected market (market segment, region) in age groups. in millions •    support for high-skilled manufacturing in percent I was shocked when I discovered this as it amounts to a whopping 60% increase in the market size since the $1.05 trillion dollar pool in 2011. Zara, the world’s largest fashion … in the Fashion market •    the (long term) need to incentivise and encourage growth of UK manufacturing base This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. The study concludes by citing activities that would help ensure the future growth and success of the industry including: The organic industry has had nine years of consecutive growth and it shows no signs of slowing down. This figure incorporates … | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for housing, water, electricity, gas and other fuels (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for furnishings, household equipment and routine maintenance of the house (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for health (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for transport (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). Accessed: December 21, 2020. https://www.statista.com/outlook/244/156/fashion/united-kingdom, Fashion - United Kingdom Statista, https://www.statista.com/outlook/244/156/fashion/united-kingdom (last visited December 21, 2020), A definition and detailed explanation of the displayed markets can be found, Number of individuals (all ages) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 0-14) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 15-24) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 25-34) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 35-44) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 45-54) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Number of individuals (age 55 and older) living in the selected region, the data is based on the United Nations' medium variant of World Population Prospects as well as similar projections by national statistical offices | Source: Statista, based on UN DESA and national statistical offices, Consumer spending, per capita (current prices), Average consumer spending per capita of private households in the selected region (in current prices, constant exchange rate) | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for food and non-alcoholic beverages (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). 2016. With a projected market volume of US$284,311m in 2020, most revenue is generated in China. The industry’s direct economic contribution to UK GDP was collated by analysing the industry’s profits and wages (known as gross value added (GVA)) across a wide range of fashion products and items – including womenswear and menswear through to handbags and shoes  – plus the contribution of fashion education, fashion marketing and fashion media. •    drives tourism with its highly desirable high street and shopping hubs Fast facts on fashion’s environmental and social footprint, from your closet to the global industry. Reading Support Read more: http://www.britishfashioncouncil.com/valueoffashion, BFC/GQ Designer Menswear Fund supported by JD.COM, INC, BFC Foundation Fashion Fund for the Covid Crisis, Government Loan Scheme Application Guidance, http://www.britishfashioncouncil.com/valueoffashion. perfume, accessories, homeware etc.) User penetration in the Apparel segment will be at 60.5% in 2020. •    growing international competition from other showcasing capitals which could challenge London Fashion Week’s and London’s reputation as the most creative capital The direct value of the UK fashion industry to the UK economy is £26 billion – one of the biggest in the world; up from £21 billion in 2009. 1. From historic fashion houses huge donations to fashion weeks going digital, this is how the fashion industry is reacting to the Covid-19 pandemic 12/05/2020 Christian Vierig Getty Images Update, Insights into the world's most important technology markets, Advertising & Media Outlook The eCommerce data is based on Statista’s primary research (the Statista Global Consumer Survey), bottom-up modeling, market data from independent databases and third-party sources, the analysis of various key market and macroeconomic indicators, historical developments, current trends, the reported performance indicators of the key market players, and Statista interviews with market experts. As a global fashion industry … You can find the source in the data box in the lower left corner. Appetite for fashion has dropped off amid the COVID-19 lockdown and fashion is set to be one of the hardest hit retail sectors. New Landmark Report Reveals Fashion Industry Worth £21 billion to UK Economy The direct value of the UK fashion industry to the UK … high street retailers  (including department stores) and supermarkets On top of this, fashion’s wider contribution to the economy (known as the indirect, induced and ‘spillover’ effects) in influencing spending in other industries, ranging from IT to tourism, is calculated as more than £16 billion. About 79 percent of all US employees in fashion work for apparel retailers. The Users by income box shows the income distribution of users of the selected market (market segment, region) in tertiles. Reading Support “This new research published today, on the eve of London Fashion week, shows that fashion makes a significant contribution to the UK economy and confirms British fashion’s status as one of our most important creative industries. •    limited awareness of the diverse opportunities in the fashion industry amongst young people and career advisors The “Revenue” tab shows a comparison of revenues for the leading economies in the selected market (market segment, region) and year. The “ARPU” box shows the average annual revenue per paying user of the selected market (market segment, region) for each year. •    a lack of business skills among many smaller fashion businesses 23. The markets for Alcoholic, Non-Alcoholic and Hot Drinks in turn not only include sales for at-home consumption (off-trade) but also sales to the on-trade sector (restaurants, bars, cafés). 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