The Global Luxury Apparel Market size is projected to grow at a CAGR of 6.6% from 2021-2028 and will be worth US$301 billion by 2028. The increase in expenditure on luxury apparel can be attributed to factors like increasing consumer awareness, rising disposable income, and an inclination towards giving more importance to fashion among consumers across the globe.
Luxury Apparel is an industry that produces and distributes luxury goods such as clothes, accessories, bags, etc. Luxury apparel is made from different types of fabrics namely cotton, leather, and wool, silk, and viscose, denim. These materials can be mixed up to produce high-end fabric for clothing production purposes. Many other factors come into play when making each piece like designer brand names stamped on tags inside them along with fancy buttons and zippers.
On the basis of Types, the market is segmented into Cotton, Leather, Wool, Silk, Viscose, Denim. The cotton segment has the highest share in 2019 while leather/wool segments will grow at a significant rate during the forecast period on account of its superior quality and durability.
On the basis of Application, the market is segmented into Women, Men, and Children.
On the basis of Regions, this market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to be the largest market for luxury apparel in 2018 due to the large population with high per capita disposable income, and increasing fashion consciousness among consumers.
The Asia Pacific region is also a growing market as most the countries are emerging economies such as India and China have rapidly improved the standard of living resulting in an increase in demand for luxury products.
The increasing consumption of luxurious clothes and accessories in developing countries such as India and China has resulted in an increased demand for high-quality clothing among consumers across both developed and emerging markets as well. Factors driving this growth are rising disposable income levels, evolving trends towards personalized fashion items, growing retail sector along changing lifestyles which have given rise to various opportunities that the key players operating in the industry can take advantage of to expand their business operations globally.
Up Market Research published a new report titled “Luxury Apparels Sales Market research report which is segmented by Types (Cotton, Leather and Wool, Silk and Viscose, Denim, Others), By Applications (Women, Men, Children), By Players/Companies Kering, Versace, Prada, Dolce and Gabbana, Burberry, LVMH, Giorgio Armani, Ralph Lauren, Hugo Boss, Chanel, Kiton, Ermenegildo Zegna”.
Report Attributes | Report Details |
Report Title | Luxury Apparels Sales Market Research Report |
By Type | Cotton, Leather and Wool, Silk and Viscose, Denim, Others |
By Application | Women, Men, Children |
By Companies | Kering, Versace, Prada, Dolce and Gabbana, Burberry, LVMH, Giorgio Armani, Ralph Lauren, Hugo Boss, Chanel, Kiton, Ermenegildo Zegna |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 217 |
Number of Tables & Figures | 152 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Cotton, Leather and Wool, Silk and Viscose, Denim, Others and By Application Women, Men, Children.
Some of the companies that are profiled in this report are:
Luxury Apparels Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Luxury Apparels Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
Reasons to Purchase the Luxury Apparels Sales Market Report:
Some other reports from this category!