The global luxury clothing market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for luxury clothing from men and women across the globe. Additionally, factors such as rising disposable income, changing lifestyle and fashion trends are also propelling the growth of this market. Based on type, the global luxury clothing market is segmented into cotton, leather, silk, denim and others. Among these segments, denim is expected to witness highest CAGR during the forecast period owing to its growing popularity among consumers across different age groups. By application, the global luxury clothing market is segmented into men and women segments. Among these segments, men’s luxury clothing segment is anticipated to grow at a higher rate than that of women’s segment during 2018-2030 due to increasing demand for designer clothes among men in developed countries such as UAS and Europe . Regionally speaking North America dominates Global Luxury Clothing Market with highest share in terms of revenue followed by Europe .
The definition of luxury clothing is clothing that is considered to be high-end and expensive. It is often made from luxurious materials such as silk, velvet, or cashmere, and it is typically designed to be worn for special occasions.
Luxury clothing has been around for centuries, and it has always been considered to be a symbol of wealth and status. In recent years, however, there has been a growing trend among consumers to purchase luxury clothing not just for special occasions but also for everyday wear. This trend has been driven in part by the rise of online retailers that specialize in selling high-end fashion brands.
There are many reasons why people might choose to buy luxury clothing. For some people, it may simply be a matter of wanting the best quality possible. Others may feel that wearing designer clothes makes them look more professional or stylish.
Cotton is a soft and fluffy staple fiber that comes from the protective casing known as boll that surrounds the cotton seeds. Cotton can be processed into a wide variety of textiles, which are used to make clothing, home furnishing fabrics, industrial products like filters and ropes among others. The growth factor in luxury clothing market is its unique properties such as absorbency & breathability coupled with comfort & durability.
Leather is the processed skin of an animal. It can be obtained from cattle, horses, pigs, and goats. The most commonly used leather in luxury clothing is that of cattle because it has high tensile strength and durability along with being relatively inexpensive.
Men application segment accounted for the largest share of more than 60.0% in 2017. The growing importance of formal wear and smart casual clothes among working-class males in emerging economies including China, India, Bangladesh and Pakistan is expected to be a key factor driving the market growth over the forecast period. Formal wear includes suits for work or official occasions while smart casual clothes include T-shirts and jeans combination which are worn on daily basis by most of working class people across globe.
The women application segment is expected to witness significant growth over next six years owing to increasing number of social networking websites which provide information about latest trends in fashion clothing globally as well as locally available at affordable prices along with detailed buying guides from real users who have actually purchased them online.
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing demand for luxury clothing since past few years due to increasing disposable income, changing lifestyles, and rising popularity of western fashion trends. China is one of the largest markets in Asia Pacific as many brands have set up their manufacturing units in this country owing to low labor cost and availability of raw materials such as silk, leather etc.
North America accounted for a significant share of global revenue in 2017 owing to high purchasing power parity among consumers living there. Upscale customers are ready to spend more money on luxury products including clothing than others because they consider it an investment that will last forever rather than a product that should be used once or twice only.
- Increasing disposable income of consumers: The growth in the luxury clothing market is mainly attributed to the increase in disposable income of consumers, especially in developing countries. This has led to an increase in demand for luxury clothing, which is considered as a status symbol.
- Changing lifestyle and fashion trends: Another major factor driving the growth of the luxury clothing market is changing lifestyle and fashion trends. Consumers are now more inclined towards buying luxurious clothes that reflect their personality and style statement.
- Growing e-commerce industry: The growing e-commerce industry has also played a significant role in boosting the sales of luxury clothing brands across the world. Online platforms offer a wide range of products from various brands at competitive prices, thus attracting more consumers towards them.
Scope Of The Report
Luxury Clothing Market Research Report
Cotton, Leather, Silk, Denim, Others
Kering SA, Hermes International S.A, Versace, Prada, Dolce and Gabbana, Burberry Group Inc, LVMH Moet Hennessy Louis Vuitton S.E, Giorgio Armani S.P.A, Ralph Lauren Corporation, Ermenegildo Zegna, Kering SA, Hugo Boss A.G
North America, Europe, APAC, Latin America, MEA
2019 to 2020 (Data from 2010 can be provided as per availability)
Number of Pages
Number of Tables & Figures
Yes, the report can be customized as per your need.
Global Luxury Clothing Market Report Segments:
The global Luxury Clothing market is segmented on the basis of:
Cotton, Leather, Silk, Denim, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Kering SA
- Hermes International S.A
- Dolce and Gabbana
- Burberry Group Inc
- LVMH Moet Hennessy Louis Vuitton S.E
- Giorgio Armani S.P.A
- Ralph Lauren Corporation
- Ermenegildo Zegna
- Kering SA
- Hugo Boss A.G
Highlights of The Luxury Clothing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Application:
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Luxury Clothing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
- North America
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Luxury clothing is clothing that is typically more expensive than other types of clothing. It can be anything from high-end designer clothes to items made from luxurious materials, such as silk or wool.
Some of the major players in the luxury clothing market are Kering SA, Hermes International S.A, Versace, Prada, Dolce and Gabbana, Burberry Group Inc, LVMH Moet Hennessy Louis Vuitton S.E, Giorgio Armani S.P.A, Ralph Lauren Corporation, Ermenegildo Zegna, Kering SA, Hugo Boss A.G.
The luxury clothing market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Clothing Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Luxury Clothing Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Luxury Clothing Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Luxury Clothing Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Luxury Clothing Market Size & Forecast, 2020-2028 4.5.1 Luxury Clothing Market Size and Y-o-Y Growth 4.5.2 Luxury Clothing Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Clothing Market Analysis and Forecast by Region
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Luxury Clothing Market Size Forecast by Region
7.2.1 North America
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.2 North America Market Size Forecast by Country
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.2 Europe Market Size Forecast by Country
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.2 Asia Pacific Market Size Forecast by Country
11.2.3 South Korea
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.2 Latin America Market Size Forecast by Country
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Luxury Clothing Market: Competitive Dashboard
14.2 Global Luxury Clothing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Kering SA
14.3.2 Hermes International S.A
14.3.5 Dolce and Gabbana
14.3.6 Burberry Group Inc
14.3.7 LVMH Moet Hennessy Louis Vuitton S.E
14.3.8 Giorgio Armani S.P.A
14.3.9 Ralph Lauren Corporation
14.3.10 Ermenegildo Zegna
14.3.11 Kering SA
14.3.12 Hugo Boss A.G