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, urge 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 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 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 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.
Get free analyst support for the queries before and post purchasing report.
Be assured of 100% customer satisfaction about the research and get 24X7 customer support.
Infinium has achieved over 400%+ growth in its repository and revenue over the last 2 years. Yes, we are proud to say we are growing at a great pace and becoming a trusted partner among our clients.
sign up for our newsletter
Infinium Global Research © 2019 All Rights Reserved