Overview

Dressed for success: The recent entry of several global brands has boosted industry revenue

IBISWorld’s Fast Fashion market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

Fast fashion has made its way into consumers’ wardrobes over the past five years. The Fast Fashion industry’s revenue is expected to grow at an annualised 21.5% over the five years through 2016-17, to $1.8 billion. The rise of social media and online shopping has exposed consumers to the latest designer fashion from runway shows, fuelling their desire for new styles and trends on demand.

Weak consumer sentiment and subdued disposable income growth over the past five years have prompted many consumers to look for cheaper clothing alternatives. This trend has contributed to the popularity of fast fashion stores, due to their ability to offer low prices and constantly update product ranges with new styles and designs...

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What is the Fast Fashion industry?

The Fast Fashion industry is characterised by high market share concentration, with the four largest players expected to account for over 70% of revenue in 2016-17. Economies of scale are extremely important in the industry. Operators survive through high turnover of stock as it allows them to engage in price competition. Consequently, most of the industry’s players have expansive, efficient supply chains and strong sales figures.

Cotton On Clothing’s October 2013 acquisition of Supre, and the introduction of major global fast fashion retailers, has boosted the industry’s overall concentration over the past five years. Cot...

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Additional Insights for the Fast Fashion Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fast Fashion Industry are

  • Ability to control stock on hand
  • Having a clear market position
  • Production of goods currently favoured by the market
  • IBISWorld analysts also discuss how external factors such as Real household disposable income and Trade-weighted index in the Fast Fashion industry impact industry performance..

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    Products & Brands

    Major products in this industry
    Men's clothing
    Women's clothing
    Children's and infants' clothing
    Accessories and footwear
    Examples of brands in this Industry
    Cotton On
    Factorie
    Supre
    TEMT
    Valleygirl
    Zara
    Topshop

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Real household disposable income
  • Trade-weighted index
  • Consumer sentiment index
  • World price of cotton
  • Demand from department stores

  • Current Performance
  • Fast and affordable
  • Industry structure
  • Profit
  • Chart: Revenue Growth

  • Industry Outlook
  • Store expansion
  • Profit
  • Industry concerns
  • Table: Fast Fashion Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fast Fashion Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Clothing Wholesaling
  • Knitted Product Manufacturing
  • Leather and Leather Substitute Product Manufacturing
  • Men's and Boys' Wear Manufacturing
  • Tailoring and Clothing Accessories Manufacturing
  • Women's and Girls' Wear Manufacturing

  • Products & Services
  • Women's clothing
  • Men's clothing
  • Children's and infants' clothing
  • Accessories and footwear
  • Chart: Fast Fashion Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 15 to 34 years
  • People aged 35 to 54 years
  • People aged 55 years and over
  • Chart: Major Market Segmentation for the Fast Fashion Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Fast Fashion

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fast Fashion Industry

  • Industry Globalization
    Major Companies
    H&M Hennes & Mauritz Pty LimitedCotton On Clothing Pty LtdGroup Zara Australia Pty LimitedUniqlo Australia Pty LtdFast Future Brands LimitedNext Athleisure Pty Limited
  • Table: H&M Hennes & Mauritz Pty Limited - financial performance
  • Table: Cotton On Clothing Pty Ltd - financial performance
  • Table: Group Zara Australia Pty Limited - financial performance
  • Table: Uniqlo Australia Pty Ltd - financial performance
  • Table: Fast Future Brands Limited - financial performance
  • Table: Next Athleisure Pty Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fast Fashion Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Fast Fashion Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Fashion-Forward Clothing
  • Clothing that is fashionable and reflects current trends set by the market.
  • Point Of Sale (Pos)
  • Technology that incorporates a cash register with an electronic payment system to allow instantaneous transactions through one device.
  • Radio Frequency Identification (Rfid)
  • Wireless computer chips that can track products through the supply chain and contain information about source, destination and price.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fast Fashion:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fast Fashion market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fast Fashion, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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