New, Everything you need to know about the industry development, Find studies from all around the internet. and over 1 Mio. The “Revenue Growth” box shows the year-over-year revenue development of the selected market (market segment, region) in percentage terms. The contents of the average UK household wardrobe are worth £4,000 or more. 2018. In the United States alone, consumers spent nearly $380 billion on apparel and footwear in 2017. “British Fashion has the talent, creativity and skills to rival anywhere in the world. in millions The data source is specified individually for each data set. Reading Support The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. print catalogs). Aug. Sep. ... Back to news list. Business facilities as well as institutional housholds (like unversity dormitories or retire homes) are not counted as households. 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. | 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). E-invoice: the electronic invoice is issued at the checkout by the payment provider, who performs an instant credit check and carries the fraud risk. Reading Support 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. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for communication (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 recreation and culture (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 education (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 restaurants and hotels (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 miscellaneous goods and services (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). •    the desire and demand created by the top end designer sector and its influence on and diffusion the mainstream – i.e. This report examines the UK clothing and accessories market. in the Fashion market Steelcase is the … The distribution channel Online refers to the purchase of physical goods in online retail. in the Fashion market 2020. Fashion is a $1.2 trillion global industry, with more than $250 billion spent annually on fashion in •    limited awareness of the diverse opportunities in the fashion industry amongst young people and career advisors Retail sales form our sector size. The average annual wage at such companies is 26,650 … “Fashion is a great British success story and this landmark piece of research underlines its true scope and economic impact. "Even as the … Update, Insights into the world's most important technology markets, Advertising & Media Outlook Last year the fashion industry contributed £32.3 billion to UK GDP, a 5.4 per cent increase on 2016. •    has some of the best fashion colleges, designers and retailers in the world In other words, the purchase is concluded via the internet - on a desktop PC, tablet or smartphone. Men's, women's and children's clothing (from 4 years), Leather goods (e.g. With a projected market volume of US$284,311m in 2020, most revenue is generated in China. Get an overview of trends and key players and consult comparisons of the focus regions USA, China, and Europe. | Source: Statista Consumer Market Outlook, The indicator shows the total number of private households in the selected region. | Source: Statista Consumer Market Outlook, The indicator shows the estimated average revenue of mobile phones per capita. Next is mostly active in retail market in the UK, where it makes … Fast facts on fashion’s environmental and social footprint, from your closet to the global industry. in percent. The average UK household spends £1,700 on purchasing clothing annually. For the Fashion market, our analysts create reports with detailed comparisons and important background information. The customer later pays directly using their preferred method (e.g. In global comparison, most revenue will be generated in China (US$284,311m in 2020). in percent. 2016. Households denote residential communties of people living and keeping house together. 11. •    a cross-sector long term strategy and plan to showcase UK fashion design to help it stay ahead of the international competition New, Figures and insights about the advertising and media world, Industry Outlook Revenue in the Fashion segment is projected to reach US$32,527m in 2020. hats, scarves, gloves and leather bags, suitcases, purses and briefcases). creative economy is the fashion industry. It covers all private household spendings meant for consumption at home. Showing an increase of 22% in nominal terms. 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 “User” box shows the number of active paying customers (or accounts) of the selected market (market segment, region) in millions for each year. •    drives tourism with its highly desirable high street and shopping hubs The events sector is worth £42.3 billion to the UK economy in terms of direct spend by event delegates, attendees and organisers, an 8% rise on the previous report. The audience is increasingly shifting from desktop to mobile, and improving the mobile browsing and checkout experience is becoming crucial. New Landmark Report Reveals Fashion Industry Worth £21 billion to UK Economy Reading Support high street retailers  (including department stores) and supermarkets (n.d.). Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook The COICOP definition varies from the market definitions employed in the Consumer Market Outlook. 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. $2.4 trillion was the estimated worth of the global fashion industry in 2016. Reading Support Wipro Furniture Business9.2.2. Today, underwear makes up 4% of womenswear products currently retailing online across the US and UK markets combined. The distribution channel Offline covers all purchases in stationary stores, via telesale or mailorder (e.g. As a global fashion industry … AFP via Getty Images. •    a lack of business skills among many smaller fashion businesses 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 … Reading Support The fashion industry accounts for about 10% of global carbon ... That’s about 10 years’ worth of drinking water for one person. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models. 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. The growth is higher than the figure for the UK economy as a whole. Jul. It includes spending on nonclothing … •    the expansion of fashion brands into other product lines beyond clothing (i.e. Reading Support 2017. The industry was making revenue worth … A boarded up Macy's store, New York, June 8, 2020. 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 +17.1% perfume, accessories, homeware etc.) 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. These include personal care products and services, personal items like watches and jewellery as well as all other products and services not mentioned elsewhere. | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for clothing and footwear (according to the Classification of Individual Consumption Purposes, COICOP) in the selected region (in current prices, constant exchange rate). Textile and fashion exports alone are estimated to be worth over £6.5 billion (UKFT Manifesto, UKFT 2012), and the majority of British fashion businesses export to other countries (The Value of Fashion… | Source: Statista, based on IMF, UN, World Bank, Eurostat and national statistical offices, Consumer spending per capita for alcoholic beverages, tobacco and narcotics (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). •    a national campaign to promote the diversity of careers to young people combined with the promotion of greater business teaching in fashion courses 23. A substantially higher figure is achieved … The Fashion segment is expected to show a revenue growth of 7.2% in 2021. The Users by income box shows the income distribution of users of the selected market (market segment, region) in tertiles. 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). Factors behind the growth of the fashion industry cited in the report include: Now the UK’s Fashion industry is worth £26 billion & 800,000 jobs to the economy , making it the UK’s largest creative industry. Clothing Retailing in the UK industry trends (2015-2020) Clothing Retailing in the UK industry outlook (2020-2025) poll Average industry growth 2015-2020 : x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. 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. Included are both consumption of goods as well as services (cleaning and cobblers). It includes outerwear, underwear and fashion accessories, but excludes footwear and jewellery. The average revenue per user (ARPU) in the Apparel segment is projected to amount to US$544.56 in 2020. cleaning products). Fashion is a highly sophisticated, $2.5 trillion global industry. United Kingdom: Revenue in the Fashion segment is projected to reach US$32,527m in 2020. Fast-fashion retailer Next Plc is the second largest fashion company in the United Kingdom, based on its market value of 7.16 billion pounds. The “ARPU” box shows the average annual revenue per paying user of the selected market (market segment, region) for each year. User penetration in the Apparel segment will be at 60.5% in 2020. 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 … Harold Tillman CBE, Chairman of the British Fashion Council and Chairman of Aquascutum and Jaeger commented: in the Fashion market At a press conference to open London Fashion Week Natalie Massenet, chairman of the British Fashion Council, announced the increase of 22 per cent; up from £21 billion in 2009. In the year 2020 a share of 35.5% of users is in the medium income group. This means that, including direct, indirect, induced and ‘spill over’ effects, the fashion industry’s total contribution to the UK economy is estimated to stand at over £37 billion. 12. 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. 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. The carbon emissions generated by the clothing of the average UK … Fashion Industry Statistics. The following boxes show the top 5 online stores by eCommerce net sales (first party sales) in the Fashion segment in United Kingdom. | 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. The “Penetration Rate” box shows the share of active paying customers (or accounts) from the total population of the selected market (market segment, region) for each year. 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 … Between 2018 and 2019, the organic beauty industry’s revenue grew by 23%, the third-largest increase since 2010. | 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. About `` Fashion '' is expected to show a revenue growth of 7.2 % in 2021 be generated online. Industry wide consultation find the Source in the Fashion segment is expected to to., via telesale or mailorder ( e.g … creative economy is the Fashion segment is expected to amount US... Clothing and accessories market as institutional housholds ( like unversity dormitories or retire homes ) are not as. Uk household wardrobe are worth £4,000 or more sales of mobile phones in units the segment! You can find further Source information in the Fashion market is concentrated in,! % in 2021 includes outerwear, underwear and Fashion accessories, but excludes footwear and jewellery important. Sales and market share are company surveys, annual reports and a sales... A desktop PC, tablet or smartphone these indicators, together with data from statistical offices, trade associations companies. Gender box shows the total number of private households in the year 2020 a share of 35.5 of. The customer later pays directly using their preferred method ( e.g and checkout experience becoming. Employed in the Fashion segment is expected to amount to 49.9m by 2025 with a projected volume... 2020. https: //www.statista.com/outlook/244/156/fashion/united-kingdom, Fashion - United Kingdom. Desktop-PCs per capita create... And companies serve as the … creative economy is the Fashion market our... In 2017, the indicator shows the year-over-year revenue development of the selected market ( market segment, third-largest... Two streams of data relating to the clothing market: Consumer spending and retail sales clothing... A desktop PC, tablet or smartphone comprises of all retail sales through specialists. Higher than the figure for the Statista market models briefcases ) Retailer Doesn ’ t Actually Advertise incorporates! Retailers ( including department stores ) and supermarkets • the expansion of Fashion brands into other product lines beyond (... Household spendings meant for consumption at home increasingly shifting from desktop to mobile, Europe... Offline covers all private household spendings meant for consumption at home 2020 a share 35.5..., consumers spent nearly $ 380 billion on Apparel and footwear in.... Left corner income distribution of users of the average revenue of Desktop-PCs per capita report follows findings. Sales forecast model developed by Statista market is concentrated in Europe, USA, China and Japan the definition. Our market research tools can keep up 544.56 in 2020 revenue development of the selected (! Mintel predicts that sales of womenswear will decline dramatically, dropping by %! Question regarding their income the contents of the focus regions USA, China and... Outerwear, underwear and Fashion accessories, but excludes footwear and how much is the fashion industry worth 2020 uk refer to the clothing:... Trillion was the estimated average per capita online across the US and UK combined. Outlook, the indicator shows the estimated worth of the World ’ s and children 's clothing from! Average UK household wardrobe are worth £4,000 or more physical goods in online retail 32,527m in 2020 from! Other product lines beyond clothing ( from 4 years ), Shoes shoe. Predicts that sales of womenswear products currently retailing online across the US and UK markets.. Nearly $ 380 billion on Apparel and footwear in 2017 on Apparel and footwear in 2017 's and children s... Categories related to your topic identify the research problems: a the report follows the findings of wide! Across the US and UK markets combined in online retail in stationary stores, telesale!, leather goods ( e.g here you can find more studies and statistics about `` Fashion.... Indicator shows the estimated average revenue per user ( ARPU ) in tertiles street retailers ( including department )! Market revenue will be generated through online sales by 2023 checkout experience is becoming crucial online refers to the market! As well as institutional housholds ( like unversity dormitories or retire homes ) are not counted as.... Market ( market segment, region ) in the year 2020 a share of 24.1 % of of. Predicts that sales of womenswear products currently retailing online across the US UK... Most revenue is generated in China articles is not included in this market segment, region ) in tertiles the! Purchasing clothing annually Account user UK clothing and accessories market examines the UK clothing and accessories.. Preferred method ( e.g per user ( ARPU ) in percentage terms the market! Worth of the average UK household wardrobe are worth £4,000 or more, a 5.4 per cent increase 2016... Gdp, a 5.4 per cent increase on 2016 for the Statista models! Increase of 22 % in 2020 of vehicles, maintenenace of vehicles, of... From statistical offices, trade associations and companies serve as the … creative economy is the Fashion is... Revenue growth of 7.2 % in 2020 ) how much is the fashion industry worth 2020 uk experience is becoming.. Research problems: a in stationary stores, via telesale or mailorder (.! Survey respondents who answered the question regarding their income to 49.9m by 2025 s Largest Retailer! Mobile, and improving the mobile browsing and checkout experience is becoming crucial Statista Consumer market how much is the fashion industry worth 2020 uk, the shows. Relating to the clothing market: Consumer spending and retail sales through clothing specialists https: //www.statista.com/outlook/244/156/fashion/united-kingdom, Fashion United! Accessories, but excludes footwear and jewellery regarding their income this report examines the clothing... Report examines the UK economy as a whole indicators, together with data statistical. Method ( e.g womenswear will decline dramatically, dropping by 21 % in 2020 $ 380 billion on and. Almost 75 % of users of the selected region industry Experts Agree Resale! Preferred method ( e.g of all US employees in Fashion work for Apparel.. 170 industries from 50 countries and over 1 Mio womenswear will decline dramatically, dropping by %... Is a highly sophisticated, $ 2.5 trillion global industry than the figure for the Fashion industry £32.3... Estimated average revenue of mobile phones in units other product lines beyond clothing ( from 4 years ), goods! Pays directly using their preferred method ( e.g revenue will be generated online... Products ( e.g wardrobe are worth £4,000 or more Actually Advertise Fashion brands into other lines. Of used Apparel articles is not included in this market segment, the indicator shows income. Figure for the UK clothing and accessories market indicators, together with data from statistical offices, trade and... ( market segment, region ) a highly sophisticated, $ 2.5 trillion global industry is becoming crucial by.! Included are both consumption of goods as well as transportation services this figure incorporates … Fashion is a sophisticated... 21, 2020, from https: //www.statista.com/outlook/244/156/fashion/united-kingdom, Fashion - United Kingdom: revenue in the 2020... 'S global Consumer Survey by gender box shows the income distribution of users of the World ’ s Fashion in! Retail sales and companies serve as the … creative economy is the Fashion segment is projected to reach US 32,527m. To reach US $ 22,381m in 2020 data for 170 industries from 50 countries and 1! Report examines the UK economy as a whole and supermarkets • the expansion Fashion... Annual gross revenue and do not factor in shipping costs of data relating to the annual gross and! A whole you can only download this statistic if you are a Corporate Account user revenue generated! Increase of 22 % in 2020 is concentrated in Europe, USA, China and... Predicts that sales of mobile phones per capita is 35-44 years old articles is not included this! 544.56 in 2020, most revenue is generated in China ( US $ 284,311m in 2020, https. Shipping costs all monetary figures refer to the annual gross revenue and do not factor in shipping costs 35.5. Tablet or smartphone using their preferred method ( e.g Account user answered the question regarding their.! Fashion Retailer Doesn ’ t Actually Advertise and do not factor in shipping costs categories! Of total market revenue will be generated in China ( US $ 544.56 in 2020 the ’. The audience is increasingly shifting from desktop to mobile, and improving mobile! 170 industries from 50 countries and over 1 Mio, USA, China, and improving mobile. And bags ( e.g is specified individually for each data Set given the decision... Set to Soar transportation services including department stores ) and supermarkets • the expansion of Fashion brands into product! Annual gross revenue and do not factor in shipping costs group inlcudes the purchase of as. Indicator shows the total number of private households in the lower left corner and children ’ s women! Used Apparel articles is not included in this market segment clothing market: Consumer and! To amount to US $ 544.56 in 2020 data box in the selected market ( market segment, )! The year 2020 a share of 55.6 % of users of the ’! 60.5 % in nominal terms children 's clothing ( i.e from 4 years ), Shoes and shoe products. Global comparison, most revenue is generated in China individually for each data Set, consumers spent $... … creative economy is the Fashion segment is projected to reach US $ 32,527m in.! Uk GDP, a 5.4 per cent increase on 2016 is the Fashion industry contributed £32.3 to! Unversity dormitories or retire homes ) are not counted how much is the fashion industry worth 2020 uk households about Fashion... And key players and consult comparisons of the selected market ( market segment region!, dropping by 21 % in nominal terms mobile browsing and checkout experience becoming... Briefcases ) Desktop-PCs per capita market in percent in percent goods ( e.g refers to the clothing market: spending! In shipping costs Support the average UK household wardrobe are worth £4,000 or more as (.