Global Fashion market

The global Fashion eCommerce market is expected to increase over the next years. It is predicted to reach US$988,053.5 million by 2023 and the expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 10.0%. ecommerceDB considers the following three sub-markets within the Fashion market: Apparel, Bags & Accessories, and Footwear. Apparel is the largest sub-market and accounts for 55.5% of the global Fashion market.

Market development

eCommerce revenue development in the global Luggage & Bags market

The global Luggage & Bags eCommerce market is expected to increase over the next years. It is predicted to reach US$58,344.6 million by 2023 and the expected compound annual growth rate for the next four years (CAGR 2023-2027) will be 9.8%. The Luggage & Bags eCommerce market is a sub-market of the Bags & Accessories market and accounts for 19.1% within this market. Further categories within the Bags & Accessories market are: Clothing Accessories & Other Clothes (children), Clothing Accessories & Other Clothes (men), Clothing Accessories & Other Clothes (women), Eyewear, Luxury Leather Goods, Other Accessories, and Watches & Jewelry.

eCommerce revenue development in the global Luggage & Bags market

in million US$, in %

Note: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war

Source: Statista Market Insights, ecommerceDB

2020 2021 2022 2023 2024 2025 2026 2027
Revenue (in mUS$) 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Growth (in %) 90.5 2.5 54.9 0.2 88.4 56.5 94.1 35.5
AOV (in US$) 58.7 97.4 29.4 33.1 17.1 88.0 68.1 53.1
CVR (in %) 90.5 2.5 54.9 0.2 88.4 56.5 94.1 35.5
AOV: Average Order Value CVR: Conversion Rate