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Virtual Fitting Rooms - Global Strategic Business Report

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    Report

  • 302 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303759
Description Jump to:
The global market for Virtual Fitting Rooms is estimated at US$4.7 Billion in 2023 and is projected to reach US$16.3 Billion by 2030, growing at a CAGR of 16.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Virtual Fitting Rooms Software segment, which is expected to reach US$9.3 Billion by 2030 with a CAGR of 18.2%. The Virtual Fitting Rooms Hardware segment is also set to grow at 14.4% CAGR over the next 8 years.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $1.5 Billion in 2023, and China, forecasted to grow at an impressive 18% CAGR to reach $2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Virtual Fitting Rooms Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Virtual Fitting Rooms Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Virtual Fitting Rooms Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Amazon.com, Inc., Dassault Systemes SE, Coitor IT Tech, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 54 Featured):

  • Amazon.com, Inc.
  • Dassault Systemes SE
  • Coitor IT Tech
  • ELSE Corp Srl
  • Fit Analytics Innovation GmbH
  • FXGear Inc.
  • Magic Mirror
  • Metail
  • Microsoft Corporation
  • MySize, Inc.
  • Reactive Reality GmbH
  • Sizebay
  • Styku, Inc.
  • triMirror
  • True Fit Corporation
  • Virtusize Co., Ltd.
  • Zugara, Inc.

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Virtual Fitting Rooms Gains Traction as Retail Landscape Evolves to Enhance Shopping Experience
  • Classification of Virtual Fitting Rooms
  • Global Economic Update
  • Exhibit 1: Global Oil Prices Remain Nervous Amid Acute Geopolitical Uncertainty & Tensions that Heighten Threat of Market Shocks: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2025
  • Exhibit 2: While Still Not in the Comfort Zone, the Expected Steeper Fall in Inflation in 2024 Can Cushion Economic Growth by Easing Financial Conditions: Global Headline Inflation Rates (In %) for the Years 2019 through 2025
  • Exhibit 3: Flat Growth for 2024 & A Possible Soft Landing, as the Global Economy Attempts to Balance Recovery While Navigating Through Wars, Political Conflicts & Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2022 Through 2025
  • Competition
  • Exhibit 4: Virtual Fitting Rooms - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 54 Players Worldwide in 2024 (E)
  • Recent Market Activity
  • Influencer/Product/Technology Insights
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Bridging the Gap: Virtual Fitting Rooms Emerge as an Effective Strategy to Minimize E-Commerce Returns
  • Exhibit 5: Most Commonly Returned e-Commerce Purchases: 2023
  • Exhibit 6: Average Financial Cost Per Apparel Return
  • Virtual Fitting Rooms Come with Intriguing Proposition Regarding Sustainability
  • Eyewear Retailers Turn to Virtual Try-On (VTO) Technology to Offer More Interactive and Personalized Shopping Experiences
  • VFRs Redefine Consumer Interactions with Fashion and Apparel Brands as Retail Industry Navigates the Digital Transformation
  • Why Virtual Fitting Room is Haute Couture Trend for E-Commerce Fashion Brands
  • Growth of e-Commerce Augurs Well for Virtual Fitting Room Technologies
  • Exhibit 7: Global B2C E-Commerce Sales in US$ Trillion for the Years 2019 Through 2025
  • Virtual Try-On Technology Marks a New Era in Beauty Industry
  • More Fashion Brands Embrace Virtual Fitting Rooms
  • Virtual Fitting Rooms Enhance Customer Experience in Physical Stores
  • Virtual Try-On Technology Addresses the Inherent Challenge of Online Shoe Shopping
  • Advancements in AI and AR Technologies to Boost Growth
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Virtual Fitting Rooms Market Analysis of Annual Sales in US$ Thousand for Years 2018 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Virtual Fitting Rooms by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World Historic Review for Virtual Fitting Rooms by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • Table 4: World 12-Year Perspective for Virtual Fitting Rooms by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2018, 2024 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 6: World Historic Review for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • Table 7: World 12-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World Historic Review for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • Table 10: World 12-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2024 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 12: World Historic Review for Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • Table 13: World 12-Year Perspective for Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Apparel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World Historic Review for Apparel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • Table 16: World 12-Year Perspective for Apparel by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2024 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Eyewear by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 18: World Historic Review for Eyewear by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • Table 19: World 12-Year Perspective for Eyewear by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Beauty & Cosmetic Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World Historic Review for Beauty & Cosmetic Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • Table 22: World 12-Year Perspective for Beauty & Cosmetic Products by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2024 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 24: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • Table 25: World 12-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2024 & 2030
  • Table 26: World Recent Past, Current & Future Analysis for Virtual Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Virtual Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • Table 28: World 12-Year Perspective for Virtual Stores by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2024 & 2030
  • Table 29: World Recent Past, Current & Future Analysis for Physical Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 30: World Historic Review for Physical Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2018 through 2022 and % CAGR
  • Table 31: World 12-Year Perspective for Physical Stores by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Virtual Fitting Rooms Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Market Analytics
CANADAJAPANCHINA
EUROPE
  • Virtual Fitting Rooms Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Analytics
FRANCEGERMANYITALYUNITED KINGDOMREST OF EUROPE
ASIA-PACIFIC
  • Virtual Fitting Rooms Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • Market Analytics
REST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Amazon.com, Inc.
  • Dassault Systemes SE
  • Coitor IT Tech
  • ELSE Corp Srl
  • Fit Analytics Innovation GmbH
  • FXGear Inc.
  • Magic Mirror
  • Metail
  • Microsoft Corporation
  • MySize, Inc.
  • Reactive Reality GmbH
  • Sizebay
  • Styku, Inc.
  • triMirror
  • True Fit Corporation
  • Virtusize Co., Ltd.
  • Zugara, Inc.

Table Information

Report AttributeDetails
No. of Pages302
PublishedMarch 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 4.7 Billion
Forecasted Market Value ( USD ) by 2030 $ 16.3 Billion
Compound Annual Growth Rate16.7%
Regions CoveredGlobal

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