According to a market report by Lucintel, the future of the luxury apparel market looks promising with opportunities in the consumer goods and service sectors. The luxury apparel market is expected to grow with a CAGR of 13% from 2019 to 2024. The major growth driver for this market is the rising number of people having disposable income.
Cotton, leather, silk, and denim are the major material type segments of the luxury apparel market. Cotton is the largest material segment of this market.
Men and women are the major gender types of the luxury apparel market.
Offline and online are the major distribution channels of the luxury apparel market.
Asia Pacific will remain the largest market over the forecast period due to rise in disposable income, along with the change in lifestyles of people and their improved standard of living.
Kering, Versace, Prada, Dolce and Gabbana, Burberry, LVMH Moet Hennessy Louis Vuitton, Giorgio Arman-- these players hold a dominant share in the overall market. The other prominent players in the market are Ermenegildo Zegna, Kiton, Ralph Lauren, and Hugo Boss.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the luxury apparel market by material, gender, distribution channel, and region. Lucintel has prepared a comprehensive research report titled "Luxury Apparel Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the luxury apparel market by material, gender, distribution channel, and region as follows:
By Material [$M shipment analysis for 2013 – 2024]:
• Cotton
• Leather
• Silk
• Denim
• Others
By Gender [$M shipment analysis for 2013 – 2024]:
• Men
• Women
By Distribution Channel [$M shipment analysis for 2013 – 2024]:
• Offline
• Online
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• United States
• Canada
• Mexico
• Europe
• UK
• Germany
• Italy
• Asia Pacific
• China
• Japan
• India
• Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link ……………[email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the luxury apparel market by material (cotton, leather, silk, denim, and others), gender (men and women), distribution channel (offline and online), and region (North America, Europe, Asia Pacific, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the luxury apparel market?
Q.5 What are the business risks and threats to the luxury apparel market?
Q.6 What are the emerging trends in the luxury apparel market and the reasons behind them?
Q.7 What are some changing demands of customers in the luxury apparel market?
Q.8 What are the new developments in the luxury apparel market? Which companies are leading these developments?
Q.9 Who are the major players in the luxury apparel market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the luxury apparel market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in the luxury apparel market?