openPR Logo
Press release

Increasing Brand Consciousness to Boost Luxury Fashion Market

10-21-2022 01:23 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Luxury Fashion Market

Luxury Fashion Market

Market Overview

The global luxury fashion market is anticipated to procure a significant market value while driving at a notable CAGR during the forecast period, anticipates Market Research Future (MRFR).

The growing number of millionaires and brand loyalty among customers are anticipated to boost the market during the forecast period. The higher price range and style quotient are some of the USPs of luxury apparel that can help grow the market during the assessment tenure. The increasing disposable income across the globe is expected to be another salient cause that can drive the market in the coming time. Furthermore, brands have been focusing on providing the latest young looks, but they are also catering to the cultural trends and street culture to attract various consumers. For instance, Indian brand Raymond has introduced its new brand called Raymond Khadi to provide luxury Khadi apparel. Such initiatives are likely to augment the market size significantly in the coming time. The increasing popularity of e-commerce is anticipated to grow the market by enhancing their brand popularity among consumers. Furthermore, the growing demand for luxury workwear is another crucial factor that can bolster the market in the coming time. On the contrary, the high expenses associated with the commodity may hamper the market growth during the forecast period.

The outbreak of COVID-19 is anticipated to bring a negative impact due to the temporary shutdown of the manufacturing units, which affected the supply of the product.

Get a Free Sample PDF File: https://www.marketresearchfuture.com/sample_request/1770

Key Players

Some of the renowned players of the global luxury fashion market are Dolce & Gabbana, Louis Vuitton, Zara, Tiffany, Michael Kors, Burberry, Prada, Cartier, Rolex, Chanel, Gucci, and Hermès.

Market Segmentation

The global luxury fashion market can be segmented on the basis of type and distribution channel.

The type-based segments of the global luxury fashion market are clothing, footwear, accessories, and others. The clothing segment is anticipated to acquire significant traction during the forecast period.

The distribution-channel-based segments of the global luxury fashion market are mono-brand stores, department stores, specialty stores, multi-brand boutiques, e-commerce, airport, and others.

Purchase this report: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=1770

Regional Analysis

As per the assessment conducted by MRFR, the global market for luxury fashion is anticipated to be dominated by Europe during the forecast period. The region is anticipated to grow owing to the presence of established brands and their significant contribution in developing the regional market. The region is recognized as the fashion hub of the world. Cities such as Paris, London, Milan, Rome, and Sagrada Familia are some of the renowned hubs for the fashion industry. In addition to these, famous fashion shows such as; Milan Fashion Week, Paris Fashion Week, London Fashion Week are other salient causes that can augment the market size in the coming time. On the other hand, the APAC region is anticipated to witness significant market growth during the forecast period. The expansion of the region can be attributed to the growing consumer awareness, brand consciousness, and increasing disposable income. The presence of developing countries such as India, China, and Hong Kong, are region is anticipated to garner notable traction. The presence of untapped markets is likely to offer lucrative opportunities to various brands that can grow the market in the coming time. North America is predicted to acquire significant market value during the forecast period. The region is likely to increase significantly due to the presence of countries such as the US, Canada, and others. The U.S. has acquired a notable position in the fashion world, which can play a salient role in driving the regional market. The presence of renowned brands in the region is predicted to play an important role in growing the market in the assessment tenure.

For further information on this report, please visit: https://www.marketresearchfuture.com/reports/luxury-fashion-market-1770

Industry News

February 2021- Zara, the globally renowned clothing store, has launched their pet collection, and it features items that are fashionable and functional for pets.

February 2021- American Pop Star, Rihanna's ready-to-wear Fenty fashion label store in Paris, will be shut down less than two years after the launch.

February 2021- Legendary fashion designer Sabyasachi Mukherjee has sold a 51% stake of his label. Sabyasachi, to Mumbai-based retailer Aditya Birla Fashion and Retail Limited (ABFRL) for an undisclosed amount.

February 2021- Munich-based luxury fashion platform Mytheresa announced that it had raised USD 406.8 million in its U.S initial public offering (IPO), valuing the e-commerce site at USD 2.2 billion.

Mytheresa is a digital platform that sells products from luxury fashion brands to customers as Fendi, Gucci, and others.

Read More Blogs:

Luxury Jewelry Market: https://www.marketresearchfuture.com/reports/luxury-jewelry-market-6992

Luxury Perfumes Market: https://www.marketresearchfuture.com/reports/luxury-perfumes-market-7285

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

Contact:

Market Research Future®

99 Hudson Street, 5Th Floor

New York, New York 10013

United States of America

Email: sales@marketresearchfuture.com

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets, and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts' team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

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 Increasing Brand Consciousness to Boost Luxury Fashion Market here

News-ID: 2775646 • Views: 844

More Releases from Market Research Future

CAS9 technology Market Projected to Hit USD 6.72 Billion at a 11.30% CAGR by 203 …
Market overview: The overall CAS9 technology industry is expected to grow over the future years because of its significant economic nature and expanding use opportunities. During 2018- 2030, the industry is anticipated to develop at a compound yearly rate of economic development of 11.30 %. Genetic engineering has advanced with the advent of genomics and genetic manipulation using designed nucleases. As a method for genomics, the CAS9 technique is swiftly gaining
Cloud Billing Market Projected to Hit USD 13.23 Billion at a 16.40% CAGR by 2030 …
Market Overview: The value of the Cloud Billing Market is anticipated to be USD 13.23 billion by the year 2030, growing at a CAGR of 16.40% during the period of forecasting from 2020 to 2030. Cloud billing creates invoices using valuable informational data following previously established billing standards. A cloud-based billing feature serves as a conduit for generating consumption invoices. There will be growth in the cloud billing market in the next
Thermal Paper Market Size 2021: Industry Analysis, Share, Segmentation, Price Tr …
Overview The thermal paper market is anticipated to grow rapidly at a CAGR of 4.87% during the forecast period. The global thermal paper market is driven by increased demand for thermal paper for POS application. These factors have helped shape the thermal paper market and are expected to boost the growth. Companies in the thermal paper market could also face challenges such as increasing demand for paperless billing and volatility in
Dry Bulk Shipping Market 2022 , Share, Size, Growth, Top Manufacturers, Segmenta …
Market Overview Market research indicates that the global market of Dry Bulk Shipping Market Revenue is going to reach up to USD 5,400 Million (approx) within the forecast period 2022-2030 with a CAGR of 4%. Get sample copy of report at: https://www.marketresearchfuture.com/sample_request/8308 Dry Bulk Shipping is the transportation of bulk commodities such as grains, iron ore, coal, lumber, sand, gravel, steel products like rods, plates, coils, and others using vessels. According to

All 5 Releases


More Releases for Fashion

Fashion Lounge Market Brief Analysis of Top Leading Companies From 2022-2028: Fa …
The latest release from WMR titled Fashion Lounge Market Research Report 2022-2028 (by Product Type, End-User / Application, and Regions / Countries) provides an in-depth assessment of the Fashion Lounge including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles, and strategies. Global Fashion Lounge Market study with 100+ market data Tables, Pie Chat, Graphs & Figures is now released BY WMR. The report presents
Fashion Mingle Hosts “Diversity in the Fashion Industry” Panel Discussion
July 7, 2020 (NEW YORK, NY) -- Join Fashion Mingle on July 10, 2020 at 1pm EST for an honest discussion of what it is like to be a person of color in the fashion and beauty industry. The Diversity in the Fashion Industry panel will include 11 respected fashion and beauty industry veterans who will share their stories of racism, stereotypes, and discrimination as they built their careers in
North East Fashion: Hasso Fashion Launches in Newcastle upon Tyne
Hasso Fashion is launching its elegant commuter shirts and upcycled jewelled bike chain cufflinks for men and women. The launch event will take place in the Live Theatre, Newcastle upon Tyne, on 28th March between noon and 9pm. The brand was inspired by E Hasso & Sons, a shop owned by the founder’s grandfather, who sold British, Italian and Swiss luxury menswear in Iraq. The inspiration created a new company called
Growing Fashion Awareness Driving Indian Fashion Accessories Market
According to a new research report, “Indian Women Wear Market Forecast to 2015”, by RNCOS, the influence of western culture has triggered a growing sense of fashion among the Indian women. Increased awareness about latest fashion has boosted the market for fashion accessories, which includes handbags, belts, artificial jewelry and footwear. The growth in fashion accessories market has been driven by increasing desires of people to look good and feel good,
Fashion forward designer Nora Sahraoui launches XELA Fashion
From Morocco to France to Miami For Immediate Release South Beach, Miami, Florida, April 28,2011 Designer Nora Sahraoui announced the launch of her new brand, XELA Fashion! and her latest designs today in Miami. Her collection of over 50 dresses is now available to fashion forward women. Sahraoui, of Marseilles France, was in Miami for an exciting photo shoot of her latest styles and to launch her website www.XelaFashion.com.
International Fashion Academy Paris Breeds Fashion Connoisseurs
March 22, 2009 (Shanghai, China) - The International Fashion Academy (IFA Paris) is again bringing its name to the stage of the fashion world with their bachelor’s degree and master’s degree programs. As one of the first foreign fashion schools that opened in China, students are exposed to the classic, yet cutting-edge world of fashion. The Academic Committee is of primary importance to IFA. The fashion design school’s teachers come