Global Garment Logistics Market Forecasts 2022-2027 – Growing Online Sales of Garments and Changing Consumer Behavior – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–That “Apparel Logistics Market – Growth, Trends, Impact of COVID-19 and Forecasts (2022 – 2027)” Report has been added ResearchAndMarkets.com Offer.
The Garment Logistics Market is anticipated to grow at a CAGR of 6% during the forecast period.
Fast replenishment cycles of apparel industry are one of the major factors driving the growth of the market. From retailers to manufacturers, apparel supply chains face intense competition to provide the latest trends and the best customer experience. Meanwhile, shifting consumer expectations and fulfillment models are putting pressure on apparel companies.
Many leading fashion retailers have embraced the concept of conducting multi-channel sales within a single facility with a single information system, achieving dramatic improvements in labor productivity and inventory optimization. The clothing market is evolving and constantly reinventing itself. New sales channels are emerging that require companies to continuously review and redesign their logistics and transport networks.
The global apparel industry is extremely dynamic due to ever-changing fashion trends. Due to intense competition, apparel companies are implementing new technologies such as data analytics and AI. The apparel industry has huge outsourcing activities that offer logistics players huge opportunities in domestic and international operations, making it a highly competitive industry. Any kind of disruption in the supply chain results in a huge loss for the apparel company. To minimize disruption to their supply chain, apparel companies typically prefer to outsource their operations to logistics companies.
Key Market Trends
Growing online sales of clothing and changing consumer behavior
In June 2021, fast fashion e-commerce website shein.com was the most visited in the fashion & apparel category globally, accounting for 3.29% of desktop traffic. Swedish clothing retailer HM’s e-commerce portal took second place with 1.75% of visits. In 2020 and 2021, online clothing retail sites saw an increase in sales due to their digital presence in the market. This effect has led to changes in the approach of market participants and this is expected to continue in the coming years, with a focus on the growth of e-commerce, mobile shopping and meeting customers’ ever-increasing expectations for personalization .
For the fourth quarter of 2020, shein.com became the #1 fast fashion retailer website in the United States based on annual website traffic growth rate. While consumers frequently visit websites to compare prices and products, global online platforms plan to expand their partnerships with fashion brands and develop additional methods of interaction to remain competitive in the digital shopping space. To fulfill growing online orders, third-party logistics companies are absorbing millions of square feet of space and leasing it to consumer goods, e-commerce, manufacturing, and apparel companies.
Rise in global apparel market fuels apparel logistics growth
The revenue generated by the global apparel market is steadily increasing over the observed period. In 2020, the revenue of this market was approximately $1.46 trillion. Consumer technology brands have long targeted online shoppers in markets like Australia, Japan and South Korea, but now brands in sectors like apparel and beauty are targeting other regions as well. As such, Brands will continue to focus on locating and serving the millennial consumer who is the primary buyer of these products.
The annual growth rate of clothing and footwear fell sharply in 2020. Against the background of the corona virus, growth fell by more than ten percent overall. However, sporting goods and mass/club retail has grown in 2020. Global sportswear and footwear brands such as Nike and Adidas are exiting other regions and ramping up production in emerging Southeast Asian countries like Vietnam. These are positive prospects for transport companies and other external logistics service providers.
Main topics covered:
2 RESEARCH METHOD
4 MARKET OVERVIEW
4.1 Current Market Scenario
4.2 Market Dynamics
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.4 Industry Value Chain Analysis
4.5 Government Regulations and Initiatives
4.6 Focus on the global logistics sector
4.7 Letter on the Global Garment Industry
4.8 Spotlight – Impact of E-Commerce on Traditional Garment Logistics Supply Chain
4.9 Return Logistics Review and Comment
4.10 Impact of Garment Industry’s Fast Replenishment Cycles on Logistics Market
4.11 Focus on the demand for contract logistics and integrated logistics
4.12 Impact of COVID-19 on the market
5.1 By Service
5.1.2 Warehousing and Inventory Management
5.1.3 Other Value Added Services
5.2 By Geography
6 IMPORTANT QUALITATIVE AND QUANTITATIVE FINDINGS
6.1 By Supply Chain Process
6.2 By Type of Service
7 INSIGHTS ON MAJOR FASHION RETAILERS WORLDWIDE (company overview, product portfolio, logistics partners, etc.)
8 COMPETITIVE LANDSCAPE
Deutsche Post DHL Group
Hellmann Global Logistics
Garment logistics group
PVS Fulfillment Service
Expeditors International of Washington
9 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report, see https://www.researchandmarkets.com/r/w42h1s
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