The UK Clothing Market 2017-2022

2017-06-09
Price :
Published : Jun-2017
No. of Pages : 79

The UK Clothing Market 2017-2022

Summary

UK clothing market will grow by 16.6% over the next five years to £51.2bn. While growth is 3.9 ppts stronger than that of 2012-17, the market will be driven by inflation, staying above the 2.0% mark until 2020 owing to the weak pound driving up import and manufacturing costs. Volumes will remain weak as shoppers cut back due to squeezed disposable income, prioritising essentials such as food & grocery or leisure activities.

Menswear is forecast to be the fastest growing clothing subsector out to 2022, with growth of 21.2%, outperforming womenswear by 5.8 percentage points. Growth will be driven by the growing influence of fashion as well as increased retailer investment in the category.

Clothing is forecast to outperform total retail growth between 2017 and 2022, as the third fastest growing sector after health & beauty and food & grocery. Though consumer spending will be under pressure, clothing will remain robust with growth of 16.6% expected over the next five years compared to 12.7% over the previous. Consumers’ concerns about their appearance, interest in fashion trends and desire to treat them will drive growth.

M&S remains the market leader, however it is forecast to cede further share in 2017. It is expected to be the biggest loser in 2017, dropping 0.4 percentage points off its share to end with 8.2%. Its closest rival Next is also forecast to experience share decline in 2017, with weak trading and a lack of customer focus to blame, though it will remain within 1.0 percentage point of M&S. General merchandisers will achieve the fastest growth in the sector at 20.4% in the coming five years, driven by the likes of Very.co.uk and Amazon. The latter is seeking to become a credible fashion player but it has a sizeable challenge ahead to fine-tune its offer and ignite wants-driven fashion purchases given the competition.

Young clothing shoppers have the higher purchase frequency, with 58.1% of 16-24s buying clothing at least once a month, boosted by fast fashion trends and shoppers’ desire for newness. In comparison, just 14.6% of 65+s buy clothing at least once a month.

While Sainsbury’s is expected to win further clothing share, we forecast the grocers to cede share of clothing spend by 0.1 percentage point to 9.4% out to 2022 – though this still results in channel spend rising by 15.3% to £4.8bn. Poor food & grocery trading has stifled clothing sales at Asda and Tesco, owing to a lack of instore footfall in clothing departments, with shares expected to stay flat in 2017.

Amazon has historically achieved limited success in clothing, and while its share has risen by 0.3 percentage points since 2012, its market share is forecast at just 1.0% for 2017. This is despite a 22.5% visitor share, owing to its focus on other product categories such as electricals and entertainment. While it may be top of mind for needs and convenience driven items, especially in niche categories such as technical sportswear, it lacks destination appeal for fashion-led clothing, despite significant investment.

Value for money is the biggest purchase motivator for clothing, especially among mature shoppers. This is followed closely by quality and then price. Across all socio economic groups, value for money and quality were the top two drivers, ensuring it is not low prices alone that will garner sales as shoppers look to justify purchases at a time when their discretionary spending is limited.

The online clothing market is forecast to grow by 55.3% in the five years to 2022, accounting for 34.2% of the market, up from 13.5% in 2012. It will outperform total retail online penetration in 2022 by 15.7 percentage points. Along with department stores, clothing players have been innovators in the online market. While online pureplays such as ASOS and Very.co.uk have been the driving force and set the standard in terms of delivery, returns and regular newness, it is high street players’ investment in online – much needed in order to bridge the gap with aforementioned online pureplays – which is propelling the volume of orders through the online channel.

The report “The UK Clothing Market 2017-2022” offers comprehensive insight and analysis of the market (including forecasts up to 2022), the major players, the main trends, and consumer attitudes.

In depth, this report provides the following analysis –
– Identifying the factors that are driving the clothing sector.
– Exploring what people buy and spend in the clothing sector.
– Looking at the retailers consumers use in the clothing sector.
– Understanding how consumers shop in the clothing sector.
– Exploring motivations and views on shopping for clothing.

Companies mentioned in this report: Primark, Asda, TK Maxx, New Look, Next, Tesco, H&M, Matalan, Sainsbury’s, boohoo.com, Lidl, Aldi, John Lewis, Marks & Spencer, ASOS, Amazon, Very.co.uk.

Scope

– Young clothing shoppers have the higher purchase frequency, with 58.1% of 16-24s buying clothing at least once a month, boosted by fast fashion trends and shoppers’ desire for newness. In comparison, just 14.6% of 65+s buy clothing at least once a month.
– 27.4% of online clothing shoppers have used click & collect; however this is driven by females, with just under one fifth (19.7%) of males having used the delivery method, compared to almost one third of female online clothing shoppers.
– While M&S remains the market leader, it is forecast to cede further share this year and is expected to be the biggest loser in 2017.

Reasons to buy

– Using our five year forecasts to 2022, understand which subsectors are the fastest performing to ensure more focus and investment in these winning product areas.
– Understand clothing shoppers’ purchasing habits and preferences, and what influences their retailer selection in order to drive spend.
– Glean major clothing retailers’ strengths and weaknesses and their market share forecasts for 2017 and outlooks out to 2018.

Filed in: Consumer Goods
Publisher : GlobalData
More Reports
Title Price Buy Now

UK Father’s Day 2019

UK Father's Day, 2019 Summary The "UK Father's Day, 2019", report forms part of GlobalData's Retail Occasions series, and offers a comprehensive insight into the consumer dynamics and spending habits of British consumers for Father's Day. The report analyses the market, the major players, the main trends, and consumer attitudes. Overall Father's Day penetration rose slightly to 51.7%, driven by an increase in those purchasing seasonal food & drink, as consumers chose to spend more time with their family for the occasion. Scope - Consumers rated Tesco as the top grocer for Father's Day, with the retailer scoring the highest for range, quality and display; and the second highest for price and interesting products. - More consumers purchased food & drink overall for Father's Day this yea......
$2500

Cigarettes in Yemen, 2019

Cigarettes in Yemen, 2019 Summary "Cigarettes in Yemen, 2019", is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the Emirati tobacco market. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing, prospects, and forecasts for sales and consumption until 2028. The Emirati market for tobacco products is declining with volumes at 3,850 million pieces in 2018, which is 3.8% less than the previous year. Cigarettes are set to continue declining due to health concerns. Scope - The Emirati cigarette consumption has been increasing in previous years but is due to decline in coming years. - The legitimate market for cigarettes is dominated by 7 ......
$975

Smoking Tobacco in Yemen, 2019

Smoking Tobacco in Yemen, 2019 Summary "Smoking Tobacco in Yemen, 2019" is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the Yemeni tobacco market. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing, prospects, and forecasts for sales and consumption until 2028. The Yemeni market for tobacco products is declining with volumes at 3,500 million pieces in 2018, which is 30% less than the previous year. Cigarettes are set to continue declining due to economic and political instabilility. Scope - The Yemeni tobacco market has recently been subject to change due to civil war in the region. - The legitimate market for cigarettes is domina......
$975

Cigarettes in Nicaragua, 2019

Cigarettes in Nicaragua, 2019 Summary "Cigarettes in Nicaragua, 2019", is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the Nicaraguan cigarette market. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing, prospects, and forecasts for sales and consumption until 2028. The Nicaraguan market for cigarette products is declining with volumes at 2,050 million pieces in 2018, which is 4.5% less of its level in the previous year. Cigarette consumption is 5.3% less than 1990 levels, the sector continues to suffer from rising prices. Scope - Nicaraguan consumers have suffered as the excise duty was increased in 2013 - The cigarette market i......
$975

Global Risk Report Quarterly Update: Q1 2019

Global Risk Report Quarterly Update: Q1 2019 Summary Global Risk Report is based on GlobalData Country Risk Index (GCRI) which is a unique country risk-rating model that determines the existing and future level of country risk by assessing various qualitative and quantitative factors. The index is formulated to help firms prepare their global business strategies on the basis of historical developments in an economy and also their future expectations. The Country Risk Index incorporates the latest available macroeconomics, political, social, technological, environmental and legal data from a range of recognized national and international statistical sources, and incorporates proprietary data from GlobalData Economics Research. The model also features expert analytical judgment from in-ho......
$1100

Cigarettes in Mexico, 2019

Cigarettes in Mexico, 2019 Summary "Cigarettes in Mexico, 2019", is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the Mexican tobacco market. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing, prospects, and forecasts for sales and consumption until 2028. The Mexican market for tobacco products is growing with volumes at 55,036 million pieces in 2018, which is 0.4% ahead of its level in the previous year. Cigarette consumption per capita is decreasing in com[arison to the size of the population. Scope - Mexican consumers have had to downtrade their cigarette choices due to less purchase power because of economic reasons - The ciga......
$975

Smoking Tobacco in Guatemala, 2019

Smoking Tobacco in Guatemala, 2019 Summary "Smoking Tobacco in Guatemala, 2019", is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the Guatemalan tobacco market. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing, prospects, and forecasts for sales and consumption until 2028. The Guatemalan market for tobacco products is growing with volumes at 3,150 million pieces in 2018, which is 87.5% ahead of its level in 1990. Smoking tobacco is set to continue decling and the industry is only 7% ahead of 1990 figures. Scope - The Guatemalan tobacco market has recently been subject to change in the way contraband sales are accounted. - Due to ......
$975

Nail Make-Up (Make-Up) Market in Argentina – Outlook to 2023: Market Size, Growth and Forecast Analytics

Nail Make-Up (Make-Up) Market in Argentina - Outlook to 2023: Market Size, Growth and Forecast Analytics Summary Nail Make-Up (Make-Up) Market in Argentina - Outlook to 2023: Market Size, Growth and Forecast Analytics is a broad level market review of Nail Make-Up market in Argentina. Nail Make-Up - cover both female use and make-ups for men. Covers all nail products applied directly to the nail, including nail whiteners and polish remover, but excludes products that are glued onto the nails, such as false nails or nail accessories, or the products used to glue these items. The main component of the category is nail varnish. Nail Make-Up market in Argentina registered a positive compound annual growth rate (CAGR) of 26.78% during the period 2013 to 2018 with a sales value of ARS 2,553.......
$500

Nail Make-Up (Make-Up) Market in Israel – Outlook to 2023: Market Size, Growth and Forecast Analytics

Nail Make-Up (Make-Up) Market in Israel - Outlook to 2023: Market Size, Growth and Forecast Analytics Summary Nail Make-Up (Make-Up) Market in Israel - Outlook to 2023: Market Size, Growth and Forecast Analytics is a broad level market review of Nail Make-Up market in Israel. Nail Make-Up - cover both female use and make-ups for men. Covers all nail products applied directly to the nail, including nail whiteners and polish remover, but excludes products that are glued onto the nails, such as false nails or nail accessories, or the products used to glue these items. The main component of the category is nail varnish. Nail Make-Up market in Israel registered a positive compound annual growth rate (CAGR) of 3.96% during the period 2013 to 2018 with a sales value of ILS 74.09 Million in 20......
$500

Pantiliners & Shields (Feminine Hygiene) Market in Saudi Arabia – Outlook to 2023: Market Size, Growth and Forecast Analytics

Pantiliners & Shields (Feminine Hygiene) Market in Saudi Arabia - Outlook to 2023: Market Size, Growth and Forecast Analytics Summary Pantiliners & Shields (Feminine Hygiene) Market in Saudi Arabia - Outlook to 2023: Market Size, Growth and Forecast Analytics is a broad level market review of Pantiliners & Shields market in Saudi Arabia. Pantiliners & Shields - A pantiliner (also pantliner, panty liner or panty shield) is an absorbent piece of material used for feminine hygiene. It is worn in the gusset of a woman's panties. Some uses include: absorbency for daily vaginal discharge, light menstrual flow, tampon and menstrual cup backup, spotting, post-intercourse discharge and urinary incontinence. Pantiliners & Shields market in Saudi Arabia registered a positive compound annual growt......
$500
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy