This group inlcudes the purchase of vehicles, maintenenace of vehicles as well as transportation services. 2 United Nations Alliance on Sustainable Fashion reports the fashion industry … Today, underwear makes up 4% of womenswear products currently retailing online across the US and UK markets combined. Reading Support Discover other market segments and categories related to your topic. 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 … A substantially higher figure is achieved … • a national campaign to promote the diversity of careers to young people combined with the promotion of greater business teaching in fashion courses The COVID-19 pandemic has shed light on bad practices and unsustainable business models across industries, but one sector in particular has found itself at the forefront of this exposure—the fashion industry.. As one of the world’s most destructive business sectors, fashion … Steelcase is the … • support for high-skilled manufacturing In contrast, the Food market in the Consumer Market Outlook covers only certain segments of processed food and excludes for example fresh food, oils and fats and some other items. The market's largest segment is Apparel with a projected market volume of US$22,381m 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 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. The average UK household spends £1,700 on purchasing clothing annually. 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.” and over 1 Mio. • a cross-sector long term strategy and plan to showcase UK fashion design to help it stay ahead of the international competition • the expansion of fashion brands into other product lines beyond clothing (i.e. In the year 2020 a share of 24.1% of users is 35-44 years old. The distribution channel Offline covers all purchases in stationary stores, via telesale or mailorder (e.g. Good thing our market research tools can keep up! With a projected market volume of US$284,311m in 2020, most revenue is generated in China. 13. 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 … The contents of the average UK household wardrobe are worth £4,000 or more. Reading Support 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). 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. Accessories (e.g. 11. in the Fashion market • a lack of business skills among many smaller fashion businesses 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. | Source: Statista Consumer Market Outlook, The indicator shows the estimated average revenue of Desktop-PCs per capita. 2. in the Fashion market 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. Honor Code| Global Furniture Market by Type5.1. 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 in percent 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… $2.4 trillion was the estimated worth of the global fashion industry in 2016. 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 Appetite for fashion has dropped off amid the COVID-19 lockdown and fashion is set to be one of the hardest hit retail sectors. 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