PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1007762
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1007762
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Global Luxury Apparel Market is valued approximately USD 72.92 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 3.67 % over the forecast period 2021-2027. Luxury Apparel is made using expensive raw material with best quality. Luxury apparels are trendy and fashionable. Best quality of Cotton, Silk and Leather are used in the manufacturing of luxury apparels. The key factors for the growth of the luxury apparel industry are the high quality of the products; style, fitting, craftsmanship, and quality. Throughout the projected timeframe, brand loyalty, urbanization, and changing lifestyles have contributed to the acceptance of luxury apparel. The high durability and comfort offered by luxury products highly affects the market. As per the report of Co Data, in 2019, for the period of 2018-2019, the value of fashion retail market increased from 1.56 trillion to 1.78 trillion i.e. 14%. According to a report published by the Fondation de la Haute Horlogerie, the luxury goods industry is forecast to expand from $260 billion to $320 billion in 2018-2025. However, the rising trend of buying second-hand branded and first-copy branded products, and the high cost of luxury goods are expected to limit consumer growth over the projected period. Additionally, the rising power of social media influencers and celebrities, as well as the advancement of sustainable and customizable luxury products, the launch of smart luxury goods, and an improvement in people's disposable income, are expected to boost demand growth over the projected era.
The main regions for the geographical study of the global luxury apparel market are Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe is the most dominating region across the world in terms of market share on the strength of various high-end brands present in the region making it the fashion hub spot and increasing number of wealthy and settled people in the region. Over the projected period 2021-2027, Asia-Pacific is expected to have the highest growth. Factors such as increasing consumer awareness and brand awareness with increasing penetration rate for luxury apparel would create lucrative growth prospects for the Luxury Apparel market across Asia-Pacific region.
Major market player included in this report are:
Giorgio Armani
Gucci
Burberry
Phillip Lim
Prada
Coach
Dolce & Gabbana
PVH Corp. (Calvin Klein)
Valentino
Kate Spade
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End User:
Men
Women
By Distribution Channel:
Offline
Online
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Luxury Apparel Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
List of figures