Virtual Fitting Rooms Market Growth Opportunities and Forecast till 2030
The Global Virtual Fitting Rooms Market Size accounted for USD 2,951 Million in 2021 and is anticipated to reach USD 16,459 Million by 2030 with a CAGR of 21.5% from 2022 to 2030.
Due to its effectiveness and quickness, virtual dressing rooms are getting more and more common and frequent in comparison to traditional changing rooms. The benefits are so compelling that changing facilities will eventually be superseded by automation. A growing number of businesses are utilizing digital dressing room technologies, which becomes crucial for e-commerce since it enables buyers to buy garments online without regard for fitting or look. Consumers also couldn't proactively evaluate how items appeared on themselves, which has been the major, downside those e-retailers selling clothes experienced; even so, the introduction of digital changing rooms is transforming that. Entrepreneurs nowadays can cut down on the duplication of textile goods in the exposed inventories, which can then be filled with a wider range of commodities and commodities. Consumers could now online experiment on apparel, and participate in economics, as digitization expands the client base.
Parameter |
Virtual Fitting Rooms Market |
Virtual Fitting Rooms Market Size in 2021 |
US$ 2,951 Million |
Virtual Fitting Rooms Market Forecast By 2030 |
US$ 16,459 Million |
Virtual Fitting Rooms Market CAGR During 2022 – 2030 |
21.5% |
Virtual Fitting Rooms Market Analysis Period |
2018 - 2030 |
Virtual Fitting Rooms Market Base Year |
2021 |
Virtual Fitting Rooms Market Forecast Data |
2022 - 2030 |
Segments Covered |
By Component, By Application, By End-Use, and By Region |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
AstraFit, Fision AG, FXGear Inc., MemoMi Labs Inc., Perfitly, Else Corp Srl, Fit Analytics, Magic Mirror, and Metail. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
Market Dynamics
Demand for the virtual fitting rooms market is being driven by the increasing implementation of augmented and virtual reality. Moreover, retailers' emphasis on preserving brand devotion is assisting in market expansion. The worldwide industry's growth is being limited by the availability of understanding and the expensive expense of preventing adoption. However, the expansion of e-commerce and e-businesses is expected to create significant development prospects for the virtual fitting rooms market.
The increased use of upgraded technology to provide consumers exchange for the benefits services to its clients is a crucial driver expected for the development of the worldwide virtual fitting room industry. Additionally, merchants have begun prioritizing boosting purchases exchange rates while limiting interchange and refund percentages of imported goods, which are projected to support the rise of the virtual fitting rooms market. Further significant element expected to fuel the development of the global virtual fitting room sector is growing expenditures on the use of technologically sophisticated solutions in the clothing and accessories industry to enhance user experience.
Such fitting room solutions are put into practice by expressly utilizing Virtual Reality (VR), as well as Augmented Reality (AR), which allow enterprises and shops to recreate a genuine measuring room setting for clients on a digital platform. Traditionally, these digital changing rooms used two-dimensional simulations; eventually, technical developments have supplanted the two-dimensional simulations with three-dimensional simulation software. Their 3D technologies and reconstructions allow us to develop changing rooms with such a 3D model built by leveraging real images as well as simple body dimensions provided by clients, allowing the consumer to visualize oneself in the selected or picked clothes or embellishments. Aside from the 3-dimensional mannequin's height and body dimensions, the client can personalize the avatar or character by adjusting the skin color or aesthetic traits.
Market Insights
The global Virtual Fitting Rooms market is divided into five segments: component, application, end-use, region, and industry. The component segmentation includes hardware, services, and software.
Furthermore, among the Application segments included in the segmentation are clothes, eyeglasses, beauty & cosmetics, footwear, and others. In addition, the segment is divided into physical stores and virtual stores based on end-use.
Global Virtual Fitting Rooms Market Geographical Competition
There are five regions that make up the global Virtual Fitting Rooms market: North America, Europe, Latin America, Asia-Pacific, the Middle East, and Africa. Due to the existence of several renowned clothing companies in the region, the European market acquired the greatest share of the revenue in 2021 and is motivated to keep its dominance across the projected timeframe. The European region has played an important part in bringing the latest fashion trends, designs, and styles, that are subsequently adopted by several other modern consumers around the world. The availability of a large merchant base encourages the establishment of numerous entrepreneurs in this area. Additionally, expanding merchant competition provides opportunities for growth for the geographical industry, as merchants progressively employ advanced new techniques to improve footfall and organizational commitment.
Global Virtual Fitting Rooms Market Segment Analysis
Virtual Fitting Rooms Market By Component
· Hardware
· Services
· Software
Virtual Fitting Rooms Market By Application
· Apparel
· Eyewear
· Beauty and Cosmetic
· Footwear
· Others
Virtual Fitting Rooms Market By End-use
· Apparel
· Eyewear
· Beauty and Cosmetic
· Footwear
· Others
Virtual Fitting Rooms Market Leading Companies
This section of the study honors the market's top vendors AstraFit, Fision AG, FXGear Inc., MemoMi Labs Inc., Perfitly, Else Corp Srl, Fit Analytics, Magic Mirror, and Metail.
Virtual Fitting Rooms Market Regions
North America
· U.S.
· Canada
Europe
· U.K.
· Germany
· France
· Spain
· Rest of Europe
Latin America
· Brazil
· Mexico
· Rest of Latin America
Asia-Pacific
· China
· Japan
· India
· Australia
· South Korea
· Rest of Asia-Pacific
Middle East & Africa
· GCC
· South Africa
· Rest of Middle East & Africa