The Apparel Market in the UK to 2028

List of Tables

The UK Apparel Market to 2028 report offers comprehensive insight and analysis of the UK apparel market, the major players, the key trends, and consumer attitudes.

In 2023, the UK apparel market grew just 2.0%, driven by price increases, with volumes declining 2.6%, as ongoing inflationary pressures continued to weigh on consumer confidence. The market is expected to slow even further in 2024, as consumers remain cautious with their money, though demand is expected to improve in the latter part of the year, as the economy improves. From 2025 onwards the market will begin to improve, as inflation stabilizes, and consumer appetite returns. However, consumers will retain a prudent approach to spending, as they continue to favor capsule wardrobes and are less receptive to fast fashion trend cycles, while spend will also keep being diverted into the resale market.

Scope

After a drop-off in 2022, the online market experienced an uplift in 2023, rising by 2.3%. Demand is expected to become more subdued again in 2024, hindered by online pureplays like ASOS and boohoo.com, which have been facing significant losses.
Primark maintained its market lead in 2023, growing its share by 0.3ppts, as its value proposition and trend-led assortment continues to resonate with shoppers during the cost-of-living crisis
Accessories is anticipated to record the strongest growth between 2023 and 2028. However, its share of the total market will remain below 2018 levels, as the category remains less essential than both clothing and footwear, so is easier for shoppers to cut back on.
The UK premium market is expected to be the best-performing price segment in the forecast years. The market will continue to benefit from shifting consumer purchasing habits, with many prioritizing versatile, high-quality pieces over trend-led items as the economic outlook remains weak.

Reasons to Buy

Understand where the demand lies within the UK Apparel market across various price positionings, categories, and brands, to allow you to maximise customer acquisition.
Learn how continued inflationary challenges will impact the UK Apparel market, and which players are most at threat from changing consumer habits.
Identify the key approaches brands are taking to stand out in the UK Apparel market, and how you can adapt these to fit your own business.

Product Code: GDAP240000CAA

EXECUTIVE SUMMARY

UK Apparel Market Drivers
UK Apparel Market Inhibitors
Economic Background
UK APPAREL MARKET: MARKET SIZE TO 2028
UK Apparel Market, 2018-2028
UK APPAREL MARKET: CATEGORY PERFORMANCE TO 2028
UK Apparel Market by Category, 2018, 2023 & 2024
UK Clothing Categories 2018-2028
UK Footwear Categories 2018-2028
UK Accessories Category 2018-2028
UK Apparel Market by Price Positioning, 2023, 2024 & 2028
UK Sportswear Market 2018-2028
UK APPAREL MARKET: CHANNEL PERFORMANCE TO 2028
UK Online vs Offline Channel Growth 2018-2028
UK Apparel Market by Channel, 2023 & 2028

CONSUMERS

Purchase Drivers
Fashion Preferences
Experiences When Shopping for Apparel
Brand and Retailer Preferences
Secondhand Apparel Purchases
Apparel Rental Penetration
COMPETITVE LANDSCAPE: BRANDS
Top 10 UK Apparel Market Shares 2021-2023
Top 10: Winners & Losers Outlook
Brand Profiles
PrettyLittleThing

M&S

George (at ASDA)
METHODOLOGY, DEFINITIONS AND CONTACTS

Product Code: GDAP240000CAA

List of Tables

What is important to shoppers when purchasing apparel, by demographic
Clothing: Winning and Losing Product Segments, 2023-2028 CAGR (%)
Footwear: Winning and Losing Product Segments, 2023-2028 CAGR (%)
Accessories: Winning and Losing Product Segments, 2023-2028 CAGR (%)

List of Figures

Real GDB (GDP billion) and annual growth (%)
Nominal GDP (GBP billion) and annual growth (%)
Real GDP pe capita (GBP) and annual growth (%)
Consumer price inflation (%)
Population (millions) and annual growth (%)
Population by age group (%)
Population by rural-urban split
Employed people (millions) and unemployment rate
UK Apparel Market Value, 2018, 2023 & 2028 (GBP bn) with CAGR (%)
UK Apparel Market Value (GBP bn) and Volumes (m units) 2018-2028, with Annual Growth (%
Category Shares within the UK Apparel Market (%) 2018, 2023 & 2028
Clothing: Market Value (GBP bn) by Category, 2018, 2023, 2024 & 2028, with forecast CAGR (%)
Footwear: Market Value (GBP bn) by Category, 2018, 2023, 2024 & 2028, with forecast CAGR (%)
Clothing: Market Value (GBP bn) by Category, 2018, 2023, 2024 & 2028, with forecast CAGR (%)
UK Apparel Market by Price Positioning, 2023, 2024 & 2028
UK Apparel Market by Price Positioning, 2023, 2024 & 2028
UK Online Apparel Market (GBP bn) 2018-2028 and Online Penetration (%)
Online, Offline & Total Apparel Annual Growth in the UK (%), 2018-2028
UK Apparel Market by Channel Share (%) 2023 & 2028
What is important to shoppers when purchasing apparel
Agreement and disagreement with statements about fashion preferences
Agreement and disagreement with statements about experiences when shopping for apparel
Agreement and disagreement with statements about brand and retailer preferences
UK consumers that purchased secondhand apparel in the 12 months to June 2023, and those that would consider purchasing it in the future
Consumers who rented apparel in the 12 months to June 2023, and how rental shoppers expect their spend on apparel rental to change in the following 12 months
Top 10 UK Apparel Brands by Market Share (%), 2021, 2022 & 2023 with Change in Share 2021-2023
PrettyLittleThing's Apparel Market Share (%) 2018-2023
M&S' Apparel Market Share (%) 2018-2023
George's Apparel Market Share (%) 2018-2023

The Apparel Market in the UK to 2028

Description

Table of Contents

List of Tables

Scope

Reasons to Buy

Table of Contents

Table of Contents

EXECUTIVE SUMMARY

CONSUMERS

M&S

List of Tables

List of Figures