Luxury Fashion Trends and Forecast
The future of the global luxury fashion market looks promising with opportunities in the women, men, and unisex markets. The global luxury fashion market is expected to reach an estimated $279.6 billion by 2030 with a CAGR of 2.8% from 2024 to 2030. The major drivers for this market are growing need for exclusivity and uniqueness, power of branding and brand equity, rising impact of social media and digital platforms, increasing number of wealthy consumers and their rising income levels, and quickening pace of globalization.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Luxury Fashion by Segment
The study includes a forecast for the global luxury fashion by product type, distribution channel, end user, and region.
Luxury Fashion Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Clothing & Apparel
• Footwear
• Accessories
Luxury Fashion Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Store-Based
• Non-Store Based
Luxury Fashion Market by End User [Shipment Analysis by Value from 2018 to 2030]:
• Women
• Men
• Unisex
Luxury Fashion Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Luxury Fashion Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies luxury fashion companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the luxury fashion companies profiled in this report include-
• Ralph Lauren
• Capri
• PVH Corp
• Kering
• LVMH
• Inditex
• Giorgio Armani
• Chanel
• Dolce & Gabbana
• Burberry
Luxury Fashion Market Insights
Lucintel forecasts that clothing and apparel will remain the larger segment over the forecast period due to increasing spending of the population and the shifting preferences of people towards purchasing luxury products.
Within this market, women will remain the largest segment due to increased awareness of attire, fashion, and the significance of appearance for women.
APAC is expected to witness highest growth over the forecast period due to rising awareness of premium brands, fast rising disposable income, and increased investments in the area.
Features of the Global Luxury Fashion Market
Market Size Estimates: Luxury fashion market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Luxury fashion market size by product type, distribution channel, end user, and region in terms of value ($B).
Regional Analysis: Luxury fashion market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product type, distribution channel, end user, and regions for the luxury fashion market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the luxury fashion market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the luxury fashion market size?
Answer: The global luxury fashion market is expected to reach an estimated $279.6 billion by 2030.
Q2. What is the growth forecast for luxury fashion market?
Answer: The global luxury fashion market is expected to grow with a CAGR of 2.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the luxury fashion market?
Answer: The major drivers for this market are growing need for exclusivity and uniqueness, power of branding and brand equity, rising impact of social media and digital platforms, increasing number of wealthy consumers and their rising income levels, and quickening pace of globalization.
Q4. What are the major segments for luxury fashion market?
Answer: The future of the global luxury fashion market looks promising with opportunities in the women, men, and unisex markets.
Q5. Who are the key luxury fashion market companies?
Answer: Some of the key luxury fashion companies are as follows:
• Ralph Lauren
• Capri
• PVH Corp
• Kering
• LVMH
• Inditex
• Giorgio Armani
• Chanel
• Dolce & Gabbana
• Burberry
Q6. Which luxury fashion market segment will be the largest in future?
Answer: Lucintel forecasts that clothing and apparel will remain the larger segment over the forecast period due to increasing spending of the population and the shifting preferences of people towards purchasing luxury products.
Q7. In luxury fashion market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising awareness of premium brands, fast rising disposable income, and increased investments in the area.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the luxury fashion market by product type (clothing & apparel, footwear, and accessories), distribution channel (store-based and non-store based), end user (women, men, and unisex), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Luxury Fashion Market, Luxury Fashion Market Size, Luxury Fashion Market Growth, Luxury Fashion Market Analysis, Luxury Fashion Market Report, Luxury Fashion Market Share, Luxury Fashion Market Trends, Luxury Fashion Market Forecast, Luxury Fashion Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.