The UK Clothing Market 2018 – 2023

Summary

“The UK Clothing Market 2018 – 2023”, report offers comprehensive insight and analysis of the clothing market (including forecasts up to 2023), the major players, the main trends, and consumer attitudes. It provides in-depth analysis of the following: the hot issues impacting the market, strategies for success, market sizes and forecasts, retailer profiles, retailer market shares, consumer data and future outlook. The report focuses on womenswear, menswear, childrenswear and accessories. Consumer data is based on our 2018 How Britain Shops survey, using a panel of 10,000 nationally representative consumers, as well as our 2018 UK clothing survey, using a panel of 5,000 nationally representative consumers.

The UK clothing market is forecast to reach £46.3bn in 2018, with forecast growth of 10.4% between 2018 and 2023. Inflation continues to drive the market as volumes experience another year of decline in 2018. However we expect a recovery over the next five years as consumer sentiment improves, with volumes reaching 1.8% in 2023.

Scope

– Primark is forecast to become the UK’s second largest clothing retailer in 2018, overtaking Next.
– Menswear is the driving force of the clothing sector, forecast to grow by 12.3% over the next five years as greater trend incorporation and newness drives volumes
– 60.9% of UK clothing shoppers purchased an item online in the past year.

Reasons to buy

– Use our in-depth analysis of value retailer Primark in order to understand why it is winning market share and the lessons to be learned from its proposition.
– Understand how social media impacts clothing purchases in order to fully exploit such platforms and drive online spending.
– Consider how much of a threat smaller players are to your proposition in order to adapt your strategy to better position yourself.
– Learn how drivers of clothing purchases, such as price, quality and customer service, change in importance among different demographics in order to maximise your sales potential.