According to a market report by Lucintel, the future of the luxury apparel market looks promising with opportunities in the consumer goods and service sectors. The luxury apparel market is expected to grow with a CAGR of 13% from 2019 to 2024. The major growth driver for this market is the rising number of people having disposable income.
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Cotton, leather, silk, and denim are the major material type segments of the luxury apparel market. Cotton is the largest material segment of this market.
Men and women are the major gender types of the luxury apparel market.
Offline and online are the major distribution channels of the luxury apparel market.
Asia Pacific will remain the largest market over the forecast period due to rise in disposable income, along with the change in lifestyles of people and their improved standard of living.
Kering, Versace, Prada, Dolce and Gabbana, Burberry, LVMH Moet Hennessy Louis Vuitton, Giorgio Arman-- these players hold a dominant share in the overall market. The other prominent players in the market are Ermenegildo Zegna, Kiton, Ralph Lauren, and Hugo Boss.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the luxury apparel market by material, gender, distribution channel, and region. Lucintel has prepared a comprehensive research report titled "Luxury Apparel Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the luxury apparel market by material, gender, distribution channel, and region as follows:
By Material [$M shipment analysis for 2013 – 2024]:
Cotton
Leather
Silk
Denim
Others
By Gender [$M shipment analysis for 2013 – 2024]:
By Distribution Channel [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/luxury-apparel-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.