Luxury Apparels Market:E-commerce Spearheads Luxury Fashion Movement; Trends 2017

Since the historic times, only the rich could afford luxury apparels. Reserved for the elite class, the luxury apparels market has boasted an esteemed clientele comprising the high net worth individuals. However, over the years several designers and fashion brands have started reaching out the broader range of customers through affordable products. Big brands such as Louis Vuitton, Prada, and Versace are expanding to developing economies, which has not only improved their geographical reach but also won them a newer consumer base. The research report states that the opportunity in the global luxury apparels market will be worth US$60,793.7 mn by the end of 2024 from US$1,8842.69 mn in 2015. Between the years of 2016 and 2024, the global market is expected to expand at a CAGR of 13.2%. The increasing affordability of luxury apparels is attributable to the mass production of goods, which has transformed the 19th-century ways of dress making.

Download a PDF Brochure at http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16874

Global Luxury Apparels Market: Research Methodology

We have included a detailed value chain analysis to provide a comprehensive view of the luxury apparels market. Analysis of Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein applications have been benchmarked based on their market size, growth rate, and general attractiveness for future growth.

The market has been forecast based on constant currency rates. Prices of luxury apparels vary in each region and are a result of the demand-supply scenario in the region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. Individual pricing of luxury apparels for each material has been taken into account while estimating and forecasting market revenue on a global basis. Regional average price has been considered while breaking down the market into material segments in each region.

The report provides the size of the luxury apparels market in 2015 and the forecast for the next nine years up to 2024. The size of the global luxury apparels market is provided in terms of revenue. Market revenue is defined for regions in US$ Mn. The market size and forecast for each product segment is provided in the context of global and regional markets. Numbers provided in this report are derived based on demand generated from different applications and types of raw materials. Market dynamics prevalent in North America and Europe have been taken into account for estimating the growth of the global market.

Hefty Investments Dissuade New Entrants

Despite the strong market drivers, the global luxury apparels is projected to experience a few challenges. The entry of new players will be challenged by high capital investment required to design high fashion clothing. The high costs and hefty investments required to build a brand and retain its heritage and quality is expected to hamper the growth of the overall market. Furthermore, the vulnerability of global economy is also likely to create a negative impact on the trajectory of the overall market.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.