openPR Logo
Press release

Luxury Apparels Market Growth Analysis, Top Companies, Opportunities And Expected Revenue, Forecast To 2017-2023

08-31-2021 10:37 AM CET | Fashion, Lifestyle, Trends

Press release from: Allied Market Research

Luxury Apparels Market

Luxury Apparels Market

According to a new report published by Allied Market Research, The luxury apparels market size was valued at $62.62 billion in 2016, and is projected to reach $81.23 billion by 2023, growing at a CAGR of 3.9% from 2017 to 2023. Cotton, one of the widely-worn materials, dominated the global market and is expected to maintain this trend till 2023. However, Asia-Pacific is expected to dominate the market throughout the forecast period due to rapid increase in urbanization and rise in disposable income.

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.

Access Full Summary: https://www.alliedmarketresearch.com/luxury-apparels-market

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.

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.

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.

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.

Request Sample Report: https://www.alliedmarketresearch.com/request-sample/2282

The Covid-19 pandemic has a vital impact on the growth of the global Luxury Apparels market and altered several market scenarios. The lockdown across various countries and ban on international travel has disrupted the supply chain and revenue chain. The report includes a thorough analysis of the Covid-19 pandemic on the growth of the global Luxury Apparels market.

The report includes comprehensive analysis of the key players in the luxury apparels market, such as 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.

Key Findings of the Luxury Apparels Market:

○ In 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.
○ The female consumers segment accounted for more than half of the global luxury apparels market in 2016.
○ China is the major shareholder in the Asia-Pacific luxury apparels industry, and accounted for around 42.4% share in 2016.

For Purchase Enquiry @https://www.alliedmarketresearch.com/purchase-enquiry/2282

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States

Toll Free: 1-800-792-5285 |
UK: +44-845-528-1300 |
Hong Kong: +852-301-84916 |
India (Pune): +91-20-66346060 |
Fax: +1-855-550-5975
Email” help@alliedmarketresearch.com

About 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 offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Growth Analysis, Top Companies, Opportunities And Expected Revenue, Forecast To 2017-2023 here

News-ID: 2374245 • Views: 197

More Releases from Allied Market Research

Fantasy Sports Market in Asia-Pacific & Canada is Expected to Reach $3,739.8 Mil …
According to a new report published by Allied Market Research, titled, “Asia-Pacific & Canada Fantasy Sports Market by Sports Type, Platform, and Demographic: Regional Opportunity Analysis and Industry Forecast, 2021–2027,” Asia-Pacific & Canada fantasy sports market size was valued at $2,021.9 million in 2019, and is projected to reach $3,739.8 million by 2027, growing at a CAGR of 10.7% from 2021 to 2027. Fantasy sport is played using internet where participants
Hammock Market Size Is Projected Reach $639.8 Million By 2030, Registering At A …
Surge in hiking and adventure tourism, rise in demand from residential segment, and expansion of hospitality industry drive the growth of the global hammock market. North America contributed to the highest share in terms of revenue in 2020. The outbreak of the COVID-19 pandemic has resulted in transition of consumers toward online sales channels to purchase campaigning gear products including hammocks. According to the report published by Allied Market Research, the
Cotton Personal-Care Product Market 2021: Top Factors That Are Leading The Deman …
A lead analyst at AMR highlighted the market across Europe region is expected to dominate in terms of revenues throughout the forecast period. Allied Market Research published a research report on the Cotton personal-care product market. The findings of the report states that the global market for Cotton personal-care product is expected to reach $19.15 billion by 2028, manifesting a CAGR of 4.6% from 2020 to 2028. The report provides valuable
Global Football Sportswear Market Growing Trade Among Emerging Economies Opening …
As per the report published by Allied Market Research, the global football sportswear market is estimated to reach $114.41 billion by 2027, growing at a CAGR of 5.3% from 2021 to 2027. The report highlights market characteristics, market potential, and growth by segmentation, and competitive landscape. Rise in sportswomen, surge in participation in football, and development in sportswear drive the growth of the global football sportswear market. Access Full Summary: https://www.alliedmarketresearch.com/football-sportswear-market-A09835 Chinese companies

All 5 Releases


More Releases for Luxury

Luxury Car Hire Jaipur
For uncommon events where you need establish a connection either it's an agreement or individual one our tasteful taxis are prepared to zoom you. There are a few minutes in life where you need to make yourself and somebody exceptional or a proper outing where it is important to show you what your identity is, so don't pressure of owing a vehicle employ a vehicle with our organization. Our tasteful
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
Luxury Portfolio International™ Connects With Luxury Consumers
CHICAGO – (8/29/11) – As interest in the luxury real estate market continues to increase, Luxury Portfolio International™ is responding by showcasing their high end properties through international events and in venues around the world. Approaching the fall season, Luxury Portfolio International™ 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
Luxury shower panel Aqvaplana
The AQVAPLANA shower panel, completely designed in solid marine Okumè 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
Unique Luxury Gift Baskets
Luxury Gift Baskets are the perfect gift idea for anyone, and for any occasion. If you need a gift idea for anyone, and don't know what to choose, then a gift basket from 1001 Mouse http://gift-baskets.1001mouse.com will deliver what you've been seeking! Gourmet Gift baskets** filled with delectable, palate-pleasing goodies are the best way to entice and please anyone on your gift-giving list! We deliver gift baskets for any occasion including