Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the luxury
apparels market provides an in-depth analysis of segments and sub-segments in the
global as well as regional luxury apparels market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional luxury apparels market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of the global luxury apparels market. According to the report, the global luxury
apparels market is projected to grow at a CAGR of 13.0% over the forecast
period of 2019-2025.
The evolving consumer preferences and tastes are creating a demand
for the luxury apparels market. Further,
increasing disposable income, the change in lifestyle patterns owing to rapid
urbanization, growth in emerging countries are driving the demand for the luxury
apparels market. Moreover, the growing online access and smartphone penetration
open plenty of e-commerce opportunities. Hence, a surge in e-commerce sales
provides a growing demand for the luxury apparels market. Additionally, not
only the earth’s population increased, but demand for clothing is also growing,
hence the shopping urge has taken on a quasi-addictive quality. In the era of
fashion bloggers and Instagram, celebrities are not preferred to be seen in the same
outfits as another. This is driving the global luxury apparels market. However, the clothing industry is the second dirtiest industry in the world. It is processed by energy-intensive processes,
high water consumption and the use of non-renewable resources. Thus,
overproduction has a huge impact on the environment and huge waste is
accumulated. Moreover, consumers are growing aware of the impact of their
consumption habits on the environment. Hence, the luxury apparels industry has
also growing conscious of this trend. They start providing eco-friendly
alternatives to traditional raw materials such as they are offering animal-free
leather among other materials. This is providing immense opportunities for the luxury
apparels market.
North America is dominating the global luxury apparels market
followed by the Europe region owing to the growing demand for luxury goods
including luxury apparels in the region. Further, the growing attraction of
high purchasing power, luxury lifestyle, and the influence of celebrity endorsement
is driving the growth of the market in North America. Asia-Pacific region is
projected to witness significant growth in upcoming years owing to improving
distribution networks across the region.
The report on the global luxury apparels market covers segments such
as product material, end-user, and distribution channel. On the basis of
product material, the sub-markets include cotton, silk, leather, and denim. On
the basis of end-user, the sub-markets include men, women, and children. On the
basis of distribution channel, the sub-markets include offline, and e-commerce.
The report provides profiles of the companies in the market such
as Versace, Hermès International S.A, Prada S.P.A., Kering SA, Lvmh Moet
Hennessy Louis Vuitton S.E, Burberry Group Inc, Giorgio Armani S.P.A, Dolce And
Gabbana, Ralph Lauren Corporation, and Hugo Boss A.G.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the luxury apparels market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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