Luxury Apparels Market Will Accelerate Rapidly With a Steady CAGR of 3.9%
Growth in online mode of sale, rapid urbanization, and change in lifestyle, owing to increased disposable income of the consumers, drive the luxury apparels market growth. In addition, growth in the emerging economies, such as Asia-Pacific and LAMEA, is anticipated to create lucrative opportunities for the global luxury apparels market. However, high cost of raw materials hampers the luxury apparels market growth.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2282
Leather is the second highest growing material in luxury apparels market during the forecast period, and is expected to exhibit a growth of 4.6% by 2023. Fashion-conscious consumers are getting increasingly sensible of the environment and thus, prefer eco-friendly apparel fabric products, which further promotes harmless and non-toxic production method of leather. Moreover, some of the consumers from BRICS (Brazil, Russia, India, China, and South Africa) are ready to pay higher prices for environmental-friendly fabric in which toxic and harmful dyes are not included. Some of the manufacturers in luxury apparels market, such as LVMH Moet Hennessy Louis Vuitton SA, Coach, Inc., Kering SA, Prada S.p.A, and Hermes International SCA, are involved innovating leather apparels and other goods using eco-friendly fabric material, thereby reducing the emission of pollutants and conserving the environment.
Denim is the most worn fabric apparel among global consumers and offers a wide range of products than other materials. Apparels, such as denim jackets, jeans, dresses, shirts, shorts, skirts, and tops, are some of the popular and preferred denim apparels used as regular wear. Moreover, unique weaving pattern of raw denim showcase it as a luxury apparel.
Online sales in luxury apparels industry are expected to grow at the highest rate by 2023. E-commerce sales have gained popularity from the past years as online shopping offers a platform for easy shopping to the large customer base. The consumers are well informed about the garments fabric, size, and color code from the pictures and photos posted on the companys website or an e-commerce site. It has been observed that small-town customers have been contributing to the online sales due to lack of accessibility of authentic luxury apparels in the nearby stores, creating lucrative opportunities for the manufacturers to widen their regional base.
Europe accounted for the highest market share in luxury apparels market in 2016, and is expected to maintain its lead throughout the forecast period, owing to majority of the top luxury apparels manufacturers headquartered in UK, Italy, France, and Switzerland. LAMEA exhibited significant growth, owing to improvement in the purchasing parity, better standard of living, and availability of wide options.
Download Sample Copy: https://www.alliedmarketresearch.com/request-sample/2282
Key Findings of the Luxury Apparels Market:
oIn 2016, cotton material accounted for the maximum market revenue, and is projected to grow at a CAGR of 3.1 % during the forecast period.
E-commerce sales are expected to grow at a significant CAGR of 5.6%, as it is a convenient way of shopping.
oThe female consumers segment accounted for more than half of the global luxury apparels market in 2016.
oChina is the major shareholder in the Asia-Pacific luxury apparels industry, and accounted for around 42.4% share in 2016.
The key players in luxury apparels market focus to expand their business operations in the emerging countries by adopting various strategies, such as acquisition and contact/agreement. The major players profiled in this report include Ralph Lauren Corporation, Christian Dior, Michael Kors, Coach, Inc., Gianni Versace S.P.A., Girogio Armani S.P.A., Nike, Inc., Hermes International, Inc., Tommy Hilfiger USA Inc., and Burberry Group, Inc.
Read More: https://www.alliedmarketresearch.com/luxury-apparels-market
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Luxury Apparels Market Will Accelerate Rapidly With a Steady CAGR of 3.9% here
News-ID: 1938684 • Views: 186
More Releases from Allied Market Research
India Industrial Protective Footwear Market to Witness a Pronounce Growth by 202 â€¦
Industrial footwear is specifically designed to guarantee protection of workers and safeguard them from physical harm and feet injuries caused at workplace by accidents such as explosions, chemical products splatter, electrical, and mechanic risks and crushing. These footwear are made up of materials such as rubber, leather, or plastic, and primarily have high level of adhesion for greasy and wet floors & surfaces, thereby preventing accidents. It is majorly used
Household Wipes Market Research Report 2020 Global Industry Growth and Key Manuf â€¦
Household wipes are the products used for cleaning the household goods and appliances. The household wipes are used to clean and disinfect every corner of the home, from kitchen and bathroom, to hard floors, appliances, and more. The ease and convenience, which a household wipe provides is the major driving factor for the market growth. Household wipes obviate the need for the use of separate wet and dry combinations in cleaning
Residential Washing Machine Market Size - Detailed Analysis of Current Industry â€¦
Residential washing machine market was valued at $36,648 million in 2016, and is projected to reach $53,193 million by 2023, growing at a CAGR of 5.5% from 2017 to 2023. The fully automatic residential washing machine accounted for more than 58% of the global market in 2016. Washing machine is a home appliance used for the laundry purpose. Economic growth in advanced and developing countries has favored the growth of the
Luxury Furniture Market Shows Positive Long-Term Growth Outlook by 2020
Luxury Furniture Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $27.01 billion by 2020, registering a CAGR of 4.1% during the period 2015-2020. Asia Pacific would witness the fastest growth, owing to the rise in disposable incomes. Wooden luxury furniture has gained substantial demand worldwide, followed by metal. The high acceptance of wooden furniture is primarily due to durability and the modern
More Releases for Luxury
Luxury Diaries & Organisers
ANTORINI Breath-taking diaries for 2017 We have discovered the most beautiful and stylish 2017 diaries for you. Enter the world of beautiful scheduling. The new collection of leather diaries for 2017 bears the signs of beauty and perfection. It combines the sense of practical scheduling and attractive timeless design. You can find diaries with gold plating, different shapes, colours and surfaces in the new exclusive collection of the prestigious ANTORINI brand. Diaries
New to Luxury
When it comes to luxury, people only think of luxury products or classy lifestyle. To get everything there is always a small bit to count. New to luxury is an online magazine dedicated to luxury approaching all the topics making life of luxury: health efforts, food style, art & design, high tech, shopping, simple tips and tricks to ease the life. Developing the spirit of the brand luxury in common manâ€™s life.
Luxury Portfolio Internationalâ„˘ Connects With Luxury Consumers
CHICAGO â€“ (8/29/11) â€“ As interest in the luxury real estate market continues to increase, Luxury Portfolio Internationalâ„˘ is responding by showcasing their high end properties through international events and in venues around the world. Approaching the fall season, Luxury Portfolio Internationalâ„˘ is hosting a series of member-facing Fall Workshops, first in Chicago followed by Providence, Rhode Island, September 6-7th. Network brokers, managers, marketing and relocation professionals from across
Gordonâ€™s Luxury Tasting
Gordonâ€™s Luxury Tasting Gordonâ€™s Fine Wines & Liquors Hosts Annual Luxury Tasting with Horizon Beverages! Join Gordonâ€™s Fine Wine & Liquors for their annual, luxury wine tasting with Horizon Beverages, the largest wine, beer and liquor distributor in New England, for a complimentary tasting of wines that youâ€™ve always dreamed of drinking.
Luxury shower panel Aqvaplana
The AQVAPLANA shower panel, completely designed in solid marine OkumĂ¨ type wood, takes a departure from the mainstream world of sanitary fixtures, which doesn't contemplate the use of wood in direct contact with water for an extended time. The perceptive intuition of creating a shower panel which makes use of wood, normally employed in the building of boats and further protecting it with special marine type varnishes, actually brings the
Luxury Jewelry That Impress...
Are what 1001 Mouse is all about, and our line of gift ideas includes "gift certificates" for those that are "difficult to buy for". Searching for Luxury Jewelry can be... Frustrating and Time Consuming... - Luxury Jewelry at http://jewelry.1001Mouse.com are the finest, most memorable and unique Luxury Jewelry found anywhere! Gift ideas of 14 Karat Luxury Jewelry are absolutely, positively, Luxury Jewelry is THE BEST gift imaginable for either men or