PUBLISHER: Grand View Research | PRODUCT CODE: 1321454
PUBLISHER: Grand View Research | PRODUCT CODE: 1321454
Cashmere Clothing Market Size, Share & Trends Analysis Report By Product (Sweaters & Coats, Pants & Trousers, Tees & Polo, Others), By End User (Men, Women), By Region, And Segment Forecasts, 2023 - 2030
Cashmere Clothing Market Growth & Trends
The global cashmere clothing market size is expected to reach USD 4.23 billion by 2030 and grow at a CAGR of 6.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing demand for smartphones as they are an effective means of communication around the globe is expected to drive the market in the forecast period. In addition, the increasing demand for wireless devices, coupled with frequent changes in technologies, is likely to drive the market in the near future. For instance, companies are coming up with the latest technologies such as wireless headsets, and speakers which have boosted the market demand for the industry in recent times. Furthermore, a rise in the adoption of smartphones among teenagers has enhanced the demand for certain accessories such as mobile covers, and headphones as they keep themselves updated with the changing technologies in the market.
The COVID-19 pandemic has negatively impacted the global cashmere clothing market. Most of the manufacturers shut down their manufacturing plants which resulted in a significant slowdown in supply and distribution. Physical stores are most affected because many people are still hesitant to approach large retail areas. For instance, in 2020, H&M closed around 70% of its stores worldwide. High-street stores have been massively affected by store closures. According to a report published by Open Access Government in 2020, during the lockdown, many brands' websites displayed sales of up to 70% off items. Owing to the availability of these brands on the online platform, customers still purchased the products. Additionally, most regions across the globe have categorized cashmere clothing in the non-essential product category, which has led to a drastic decline in the sales of these products, mainly through brick-and-mortar stores, but also through online platforms. However, with the inception of the global economy,
the market for cashmere clothing is expected to bounce back post the COVID-19 era. The popularity of online distribution channels is expected to create a steady demand for cashmere clothes in the foreseeable future.
The sweaters and coats product segment accounted for 51.6% market share in 2022 and are expected to witness progressive growth by 5.5% during the forecasted period. The growth can be attributed to the rising demand for different types of premium sweaters and coats, such as casual and formal wear.
The men's end-user segment is expected to witness the fastest CAGR of 6.5% in the forecast period. The growth is attributed to the upgraded standards of living and increasing demand for cashmere clothing, such as coats and trousers, as fashion apparel.
Europe was the largest regional market in 2022 and accounted for more than 37.1% of the global share. The market is driven by rising demand for different types of cashmere clothing in countries, such as Germany, Italy, and the U.K. Moreover, Europe is considered the world's largest fashion hub due to the strong presence of several luxury brands in the region, which also drives the market growth. However, North America is expected to be the fastest-growing regional market at a CAGR of 6.4% in the forecast period. The U.S. is the major market in this region due to the high demand for luxury clothing.
Cashmere Clothing Market Report Highlights
- The sweaters and coats product segment is projected to grow at the fastest CAGR of 5.5% during the forecast period. The growth can be attributed to the rising demand for different types of premium sweaters and coats, such as casual and formal wear
- Men's end-user segment is expected to grow at the fastest CAGR of 6.5% in the forecast period. The growth is attributed to the improving standards of living and increasing demand for cashmere clothing, such as coats and trousers, as fashion apparel
- Europe dominated the market with the largest market share of 37.1% in 2022 and is projected to exhibit a CAGR of 4.6% in the forecast period. The growth is attributed to a huge surge in the demand for various cashmere clothing products in the U.K., Italy, and Germany
- North America upheld the market with a 27.0% market share in 2022 and is expected to be the fastest-growing regional market at a CAGR of 6.4% in the forecast period. The U.S. is the major market in this region due to the high demand for luxury clothing
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Product Outlook
- 2.3. End-user Outlook
- 2.4. Regional Outlook
- 2.5. Competition Outlook
Chapter 3. Cashmere Clothing Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing and Technology Outlook
- 3.2.3. Profit Margin Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunities
- 3.3.4. Market Challenges
- 3.4. Industry Analysis - Porter's Five Forces Analysis
- 3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
- 4.1. Demographics Analysis
- 4.2. Consumer Trends and Preferences
- 4.3. Factors Affecting Buying Decision
- 4.4. Consumer Product Adoption
- 4.5. Key Observations & Findings
Chapter 5. Cashmere Clothing Market: Product Estimates & Trend Analysis
- 5.1. Product Movement Analysis & Market Share, 2022 & 2030
- 5.2. Sweaters and Coats
- 5.2.1. Cashmere sweaters and coats market estimates and forecast, 2017 - 2030 (USD Billion)
- 5.3. Pants and Trousers
- 5.3.1. Cashmere pants and trousers market estimates and forecast, 2017 - 2030 (USD Billion)
- 5.4. Tees and Polo
- 5.4.1. Cashmere tees and polo market estimates and forecast, 2017 - 2030 (USD Billion)
- 5.5. Others
- 5.5.1. Others cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Chapter 6. Cashmere Clothing Market: End-user Estimates & Trend Analysis
- 6.1. End-user Movement Analysis & Market Share, 2022 & 2030
- 6.2. Men
- 6.2.1. Men cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
- 6.3. Women
- 6.3.1. Women cashmere clothing market estimates and forecast, 2017 - 2030 (USD Billion)
Chapter 7. Cashmere Clothing Market: Regional Estimates & Trend Analysis
- 7.1. Regional Movement Analysis & Market Share, 2022 & 2030
- 7.2. North America
- 7.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.2.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.2.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.2.4. U.S.
- 7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.2.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.2.4.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.2.5. Canada
- 7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.2.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.2.5.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.2.6. Mexico
- 7.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.2.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.2.6.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.3.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.3.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.3.4. U.K.
- 7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.3.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.3.4.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.3.5. Germany
- 7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.3.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.3.5.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.3.6. France
- 7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.3.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.3.6.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.3.7. Italy
- 7.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.3.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.3.7.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.3.8. Spain
- 7.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.3.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.3.8.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.4.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.4.4. China
- 7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.4.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.4.4.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.4.5. Japan
- 7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.4.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.4.5.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.4.6. India
- 7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.4.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.4.6.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.4.7. South Korea
- 7.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.4.7.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.4.7.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.4.8. Australia
- 7.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.4.8.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.4.8.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.5. Central & South America
- 7.5.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.5.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.5.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.5.4. Brazil
- 7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.5.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.5.4.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.6.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.6.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
- 7.6.4. South Africa
- 7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
- 7.6.4.2. Market estimates and forecast, by product, 2017 - 2030 (USD Billion)
- 7.6.4.3. Market estimates and forecast, by end-user, 2017 - 2030 (USD Billion)
Chapter 8. Competitive Analysis
- 8.1. Recent developments & impact analysis, by key market participants
- 8.2. Company Categorization
- 8.3. Participant's Overview
- 8.4. Financial Performance
- 8.5. Product Benchmarking
- 8.6. Company Market Share Analysis, 2022 (%)
- 8.7. Company Heat Map Analysis
- 8.8. Strategy Mapping
- 8.9. List of key companies analyzed in this section include:
- 8.9.1. Loro Piana S.P.A.
- 8.9.2. Brunello Cucinelli S.p.A.
- 8.9.3. Alyki - Felice De Palma & Co.
- 8.9.4. Pringle of Scotland Limited
- 8.9.5. Ermenegildo Zegna Holditalia S.p.A.
- 8.9.6. SofiaCashmere
- 8.9.7. Autumn Cashmere
- 8.9.8. Malo
- 8.9.9. Corso Italia S.p.A.
- 8.9.10. TSE Cashmere
List of Tables
- Table 1 Cashmere Clothing Market - Key Market Driver Analysis
- Table 2 Cashmere Clothing Market - Key Market Restraint Analysis
- Table 3 Cashmere Clothing market estimates & forecast, by product (USD Billion)
- Table 4 Cashmere Clothing market estimates & forecast, by end-user (USD Billion)
- Table 5 US macro-economic outlay
- Table 6 Canada macro-economic outlay
- Table 7 Mexico macro-economic outlay
- Table 8 Germany macro-economic outlay
- Table 9 UK macro-economic outlay
- Table 10 France macro-economic outlay
- Table 11 Italy macro-economic outlay
- Table 12 Spain macro-economic outlay
- Table 13 China macro-economic outlay
- Table 14 India macro-economic outlay
- Table 15 Japan macro-economic outlay
- Table 16 Australia macro-economic outlay
- Table 17 South Korea macro-economic outlay
- Table 18 Brazil macro-economic outlay
- Table 19 South Africa macro-economic outlay
- Table 20 Recent developments & impact analysis, by key market participants
- Table 21 Company market share, 2022
- Table 22 Company heat map analysis
List of Figures
- Fig. 1 Cashmere clothing market segmentation
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Primary research approaches
- Fig. 5 Primary research process
- Fig. 6 Market snapshot
- Fig. 7 Segment snapshot
- Fig. 8 Competitive landscape Snapshot
- Fig. 9 Global cashmere clothing market size, 2017 to 2030 (USD Billion)
- Fig. 10 Cashmere clothing market: Value chain analysis
- Fig. 11 Cashmere clothing market: Profit-margin analysis
- Fig. 12 Cashmere clothing market: Dynamics
- Fig. 13 Cashmere clothing market: Porter's five forces analysis
- Fig. 14 Factors influencing buying decisions for cashmere clothing
- Fig. 15 Cashmere clothing market, by product: Key takeaways
- Fig. 16 Cashmere clothing market, by product: Market share, 2022 & 2030
- Fig. 17 Cashmere sweaters and coats market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 18 Cashmere pants and trousers market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 19 Cashmere tees and polo market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 20 Others cashmere clothing market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 21 Cashmere clothing market, by end-user: Key takeaways
- Fig. 22 Cashmere clothing market, by end-user: Market share, 2022 & 2030
- Fig. 23 Men estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 24 Women cashmere clothing market estimates & forecasts, 2017 - 2030 (USD Billion)
- Fig. 25 Cashmere clothing market revenue, by region, 2022 & 2030, (USD Billion)
- Fig. 26 Regional marketplace: Key takeaways
- Fig. 27 North America cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 28 US cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 29 Canada cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 30 Mexico cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 31 Europe cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 32 Germany cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 33 UK cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 34 France cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 35 Italy cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 36 Spain cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 37 Asia Pacific cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 38 China cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 39 India cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 40 Japan cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 41 South Korea cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 42 Australia cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 43 Middle East & Africa cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 44 South Africa cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 45 Central and South America cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 46 Brazil cashmere clothing market estimates & forecast, 2017 - 2030 (USD Billion)
- Fig. 47 Company market share analysis, 2022
- Fig. 48 Strategic framework of cashmere clothing market
