Description
Global Luxury Fashion Market—Forecast till 2028
Market Overview
The luxury fashion market is evaluated to exhibit a CAGR of 3.59% to surpass a value of USD 333,775.3 million during the review period. Luxury fashion is described as the excessive cost focuses that are set independently from required products for day-to-day life.
Usually, the luxury fashion products have excessive cost labels because of great materials, plan, and craftsmanship. There is no standard meaning of luxury as the value point depends on the business and brand situation perspective, addressed to the prosperous shopper range.
Besides, the spending capacity of customers shifts greatly among geographics and countries because of variables like GDP, per capita expenditure, urbanization, corporate area, and some more.
The global luxury fashion market is anticipated to exhibit healthy market growth during the forecast period owing to the rising per capita disposable income across the globe. The social media advancements and VIP supports likewise contribute fundamentally to the luxury fashion market development. The development of the coordinated retail area in Asia-Pacific further lifts the development of the market.
Be that as it may, a restricted client base inferable from the exorbitant costs of the items is relied upon to limit the market development. Moreover, the rising danger of fake items represents a test for the market players. By the by, essential consolidations and acquisitions and the expanding interest for manageable and reused assortments make an astute market for the players in the luxury fashion industry.
Segment Overview
In terms of product type, the global luxury fashion market has been classified into clothing & apparel, footwear, and accessories. The clothing & apparel segment is further classified into jackets & coats, skirts, shirts & t-shirts, dresses, trousers & shorts, denim, underwear & lingerie, and others. Whereas, the accessories segment is further divided into gems & jewelry, belts, bags, watches, and others.
The end-user segment categorizes the global luxury fashion market into men, women, and unisex. The women segment is likely driving the largest market share among others. In terms of distribution channels, the global luxury fashion market has been bifurcated into store-based and non-store-based. The store-based class is further divided into supermarkets & hypermarkets, specialty stores, and others.
Regional Analysis
the geographical analysis of the global luxury fashion market has been spread across North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Europe represented the biggest portion of the global luxury fashion market of around 38.63% in 2020, with a market worth of USD 97,368.2 million; the market is anticipated to exhibit a CAGR of 3.42% during the review period.
North America was the second-biggest market in 2020, esteemed at USD 79,071.3 million; the market is projected to show a CAGR of 3.27%. Nonetheless, the market in Asia-Pacific is relied upon to enlist the most elevated CAGR of 4.23% during the conjecture time frame.
Major Players
The major players operating in the global luxury fashion market are Ralph Lauren (US), Capri Holdings Limited (US), PVH Corp. (US), Kering (France), LVMH (France), Inditex (Spain), Giorgio Armani S.P.A. (Italy), Chanel S.A. (France), Dolce & Gabbana (Italy), and Burberry Ltd. (UK).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries.
Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 15
1.1 MARKET ATTRACTIVENESS ANALYSIS 16
1.1.1 GLOBAL LUXURY FASHION MARKET, BY PRODUCT TYPE 17
1.1.2 GLOBAL LUXURY FASHION MARKET, BY END USER 18
1.1.3 GLOBAL LUXURY FASHION MARKET, BY DISTRIBUTION CHANNEL 19
1.1.4 GLOBAL LUXURY FASHION MARKET, BY REGION 20
2 MARKET INTRODUCTION 21
2.1 SCOPE OF THE STUDY 21
2.2 RESEARCH OBJECTIVE 21
2.3 MARKET STRUCTURE 22
2.4 KEY BUYING CRITERIA 23
3 RESEARCH METHODOLOGY 24
3.1 RESEARCH PROCESS 24
3.2 PRIMARY RESEARCH 25
3.3 SECONDARY RESEARCH 26
3.4 MARKET SIZE ESTIMATION 27
3.5 FORECAST MODEL 28
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 29
4 MARKET INSIGHTS 30
5 MARKET DYNAMICS 32
5.1 INTRODUCTION 32
5.2 DRIVERS 33
5.2.1 INCREASING PER CAPITA DISPOSABLE INCOME 33
5.2.2 SOCIAL MEDIA PROMOTIONS AND CELEBRITY ENDORSEMENTS 33
5.2.3 GROWTH OF THE ORGANIZED RETAIL SECTOR IN ASIA-PACIFIC 33
5.2.4 DRIVERS IMPACT ANALYSIS 34
5.3 RESTRAINT 35
5.3.1 LIMITED CUSTOMER BASE 35
5.3.2 RESTRAINTS IMPACT ANALYSIS 35
5.4 OPPORTUNITIES 35
5.4.1 STRATEGIC MERGERS AND ACQUISITIONS 35
5.4.2 INCREASED DEMAND FOR SUSTAINABLE AND RECYCLED COLLECTIONS 36
5.5 CHALLENGE 36
5.5.1 RISING THREAT OF COUNTERFEIT PRODUCTS 36
6 MARKET FACTOR ANALYSIS 37
6.1 VALUE CHAIN ANALYSIS 37
6.1.1 RAW MATERIAL PROCUREMENT 38
6.1.2 PROCESSING 39
6.1.3 PACKAGING 39
6.2 SUPPLY CHAIN ANALYSIS 40
6.3 PORTER’S FIVE FORCES MODEL 41
6.3.1 THREAT OF NEW ENTRANTS 42
6.3.2 BARGAINING POWER OF SUPPLIERS 42
6.3.3 THREAT OF SUBSTITUTES 42
6.3.4 BARGAINING POWER OF BUYERS 42
6.3.5 INTENSITY OF RIVALRY 42
6.4 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL LUXURY FASHION MARKET 43
6.4.1 OVERVIEW 43
6.4.2 IMPACT ON PRODUCTION 43
6.4.3 IMPACT ON SUPPLY CHAIN 43
6.4.4 IMPACT ON CONSUMER BUYING BEHAVIOR 43
6.4.5 IMPACT ON SALES (STORE-BASED VS ONLINE) 44
7 GLOBAL LUXURY FASHION MARKET, BY PRODUCT TYPE 45
7.1 OVERVIEW 45
7.1.1 GLOBAL LUXURY FASHION MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2019–2028 46
7.2 CLOTHING & APPAREL 46
7.2.1 CLOTHING & APPAREL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 47
7.3 FOOTWEAR 47
7.3.1 FOOTWEAR: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 48
7.4 ACCESSORIES 48
7.4.1 ACCESSORIES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 48
8 GLOBAL LUXURY FASHION MARKET, BY END USER 49
8.1 OVERVIEW 49
8.1.1 GLOBAL LUXURY FASHION MARKET ESTIMATES & FORECAST, BY END USER, 2019–2028 50
8.2 MEN 50
8.2.1 MEN: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 50
8.3 WOMEN 51
8.3.1 WOMEN: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 51
8.4 UNISEX 51
8.4.1 UNISEX: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52
9 GLOBAL LUXURY FASHION MARKET, BY DISTRIBUTION CHANNEL 53
9.1 OVERVIEW 53
9.1.1 GLOBAL LUXURY FASHION MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2019–2028 54
9.2 STORE-BASED 54
9.2.1 STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 54
9.3 NON-STORE-BASED 55
9.3.1 NON-STORE-BASED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 55
10 GLOBAL LUXURY FASHION MARKET, BY REGION 56
10.1 OVERVIEW 56
10.1.1 GLOBAL LUXURY FASHION MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 57
10.2 NORTH AMERICA 58
10.2.1 US 61
10.2.2 CANADA 63
10.2.3 MEXICO 65
10.3 EUROPE 67
10.3.1 GERMANY 70
10.3.2 UK 72
10.3.3 FRANCE 74
10.3.4 SPAIN 76
10.3.5 ITALY 78
10.3.6 REST OF EUROPE 80
10.4 ASIA-PACIFIC 82
10.4.1 CHINA 85
10.4.2 JAPAN 87
10.4.3 INDIA 89
10.4.4 AUSTRALIA & NEW ZEALAND 91
10.4.5 REST OF ASIA-PACIFIC 93
10.5 REST OF THE WORLD 95
10.5.1 SOUTH AMERICA 98
10.5.2 MIDDLE EAST 100
10.5.3 AFRICA 102
11 COMPETITIVE LANDSCAPE 104
11.1 INTRODUCTION 104
11.1.1 MARKET STRATEGY ANALYSIS 104
11.2 COMPETITIVE BENCHMARKING 105
11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 106
11.3.1 PRODUCT LAUNCH 106
11.3.2 EXPANSION 106
11.3.3 INVESTMENT 106
11.3.4 ACQUISITION 107
11.3.5 MERGER 107
12 COMPANY PROFILES 108
12.1 RALPH LAUREN 108
12.1.1 COMPANY OVERVIEW 108
12.1.2 FINANCIAL OVERVIEW 108
12.1.3 PRODUCTS OFFERED 109
12.1.4 KEY DEVELOPMENTS 123
12.1.5 SWOT ANALYSIS 124
12.1.6 KEY STRATEGIES 124
12.2 CAPRI HOLDINGS LIMITED 125
12.2.1 COMPANY OVERVIEW 125
12.2.2 FINANCIAL OVERVIEW 125
12.2.3 PRODUCTS OFFERED 126
12.2.4 KEY DEVELOPMENTS 133
12.2.5 SWOT ANALYSIS 134
12.2.6 KEY STRATEGIES 134
12.3 PVH CORP. 135
12.3.1 COMPANY OVERVIEW 135
12.3.2 FINANCIAL OVERVIEW 135
12.3.3 PRODUCTS OFFERED 136
12.3.4 KEY DEVELOPMENTS 138
12.3.5 SWOT ANALYSIS 139
12.3.6 KEY STRATEGIES 139
12.4 KERING 140
12.4.1 COMPANY OVERVIEW 140
12.4.2 FINANCIAL OVERVIEW 140
12.4.3 PRODUCTS OFFERED 141
12.4.4 KEY DEVELOPMENTS 154
12.4.5 SWOT ANALYSIS 154
12.4.6 KEY STRATEGIES 155
12.5 LVMH 156
12.5.1 COMPANY OVERVIEW 156
12.5.2 FINANCIAL OVERVIEW 156
12.5.3 PRODUCTS OFFERED 157
12.5.4 KEY DEVELOPMENTS 165
12.5.5 SWOT ANALYSIS 166
12.5.6 KEY STRATEGIES 166
12.6 INDITEX 167
12.6.1 COMPANY OVERVIEW 167
12.6.2 FINANCIAL OVERVIEW 167
12.6.3 PRODUCTS OFFERED 168
12.6.4 KEY DEVELOPMENTS 170
12.6.5 KEY STRATEGIES 170
12.7 GIORGIO ARMANI S.P.A. 171
12.7.1 COMPANY OVERVIEW 171
12.7.2 FINANCIAL OVERVIEW 171
12.7.3 PRODUCTS OFFERED 172
12.7.4 KEY DEVELOPMENTS 174
12.7.5 KEY STRATEGIES 174
12.8 CHANEL S.A. 175
12.8.1 COMPANY OVERVIEW 175
12.8.2 FINANCIAL OVERVIEW 175
12.8.3 PRODUCTS OFFERED 176
12.8.4 KEY DEVELOPMENTS 177
12.8.5 KEY STRATEGIES 177
12.9 DOLCE & GABBANA LUXEMBOURG S.À.R.L. 178
12.9.1 COMPANY OVERVIEW 178
12.9.2 FINANCIAL OVERVIEW 178
12.9.3 PRODUCTS OFFERED 179
12.9.4 KEY DEVELOPMENTS 182
12.9.5 KEY STRATEGIES 182
12.10 BURBERRY LTD. 183
12.10.1 COMPANY OVERVIEW 183
12.10.2 FINANCIAL OVERVIEW 183
12.10.3 PRODUCTS OFFERED 184
12.10.4 KEY DEVELOPMENTS 187
12.10.5 KEY STRATEGIES 187
13 APPENDIX 188
13.1 REFERENCES 188
13.2 RELATED REPORTS 188
