Cumulative data compiled within the global luxury fashion market pictures a bright portrait with worldwide revenue predicted to rise from $ xxx.x Billion in 2018 to $ xxx.x Billion by 2025. It could be concluded with the behold data that the fashion industry is going through a seismic shift. There overarching and interconnected forces are expected to shape and drive the trends in upcoming years.

Luxury fashion brands are steady to adapt e-commerce while shoppers are more comfortable in buying high-end stuff online. With the online collaboration, fashion companies have experienced a major decline in brick-and-mortar traffic. This has resulted in reduced store operating costs, innovated the in-store experience and re-evaluated store networks to attract customers. The digital shift has led brands to move direct-to-consumer models. The hurdles remain high with intricate operational, technology implications, logistical, governance and organizational headaches.

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On the basis of Product-type, the global luxury fashion market is segmented into shoes, clothing, watches, jewelry and accessories. Shoes and accessories is expected to be the dynamic driving force of the luxury fashion market, in the category of luxury as well as premium. Category of cloth appears to exhibit a healthy rate for both segments. However, it is predicted that the market for watches and jewelry may fall down.
Europe and the US has the largest luxury fashion market size in terms of sales. It appears that US lower-end and premium luxury segment will register an average growth rate and modest growth rate in traditional luxury. As compared to the US, Europe’s premium market is anticipated to lag a bit in terms of growth.

Chanel gowns, Prada handbags, Jimmy Choo pumps, Patek Philippe watches are some of the brands that signify money and status, the luxuries of the super-wealthy. Traditional luxury fashion products will hold bulk of the market. Some of the lower-end premium brands are going to emerge in the luxury fashion market like Tommy Hilfiger, Diesel, Guess, and Calvin Klein.

Key segments of ‘Global Luxury Fashion Market’

Based on Product, the market has been segmented into,
• Designer apparels & Footwear
• Jewelry
• Accessories
• Cosmetics
• Others

The market breakdown on basis of,
• Male
• Female

Others Based on region, the market has been segmented into,
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Italy
• Germany
• France
• Rest of Europe
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa

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Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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