Market Overview:
The global neckwear market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The neckwear market is segmented on the basis of type, application and region. On the basis of type, the neckwear market is segmented into neckties, bowties and others. Neckties are further sub-segmented into silk ties, wool ties and cotton ties. Bowties are further sub-segmented into pre-tied bowties and self-tied bowties. Others include ascots, cravats etc. On the basis of application, the neckwear market is segmented into online and offline channels. Offline channels include department stores/specialty stores, boutiques/stores etc., whereas online channels include ecommerce websites/portals and mobile apps etc. Geographically, the global neckwear market is segmented into North America (U S A , Canada), Latin America (Brazil , Mexico), Europe (Germany , France ), Asia Pacific (China India )and Middle East & Africa(South Africa Saudi Arabia ). Some factors that are driving growth in this market are increasing disposable income coupled with changing fashion trends among men across different geographies . Additionally,. rising demand for luxury products especially in developing countries such as China India has propelled growth in this marketspace . However,. certain factors such as high price points may restrain adoption rates in some regions .
Product Definition:
A scarf is a piece of fabric that is typically worn around the neck or head. Scarves can be made from a variety of materials, including wool, cotton, silk, or synthetic materials.
A tie is a strip of cloth that is typically worn around the neck with one end hanging down in front and the other tucked behind an attached shirt collar. Ties are often made from silk or polyester and come in many different colors and designs.
An ascot is a type of tie that consists of a large rectangular piece of cloth that is folded in half and draped around the neck. Unlike traditional ties, ascot ties are not usually tied into knots.
A cravat is another type of tie that originated in France during the 18th century. A cravat typically consists of a bandanna-like pieceof fabric that hangs down from the front sideofthe neck .
Neckties:
Neckties are used to keep the neck and throat area covered. They are mostly preferred by people working in offices or formal occasions. The market for neckties is driven by factors such as changing fashion trends, corporate culture, work-life balance etc. In addition, a surge in the number of men's fashion blogs on internet has also been driving market demand for men's neckwear including tie variants over the world.
Bowties:
A bow tie is a type of neckwear, generally worn with formal attire. Bow ties are often used as a decorative accessory and to complete an outfit. They may also be used as a weapon in self-defense or for stage combat purposes.
Application Insights:
The offline segment dominated the global neckwear market and accounted for more than 70.0% share of the total revenue in 2017. The high share of this segment is attributed to growing preference for traditional clothing among men, especially in formal occasions such as weddings and business meetings. Moreover, increasing spending on clothes by young professionals has boosted demand for neckties, bowties and other accessories amongOffline retailers are focusing on providing an extensive range of products to meet the needs of consumers who have a wide variety of choice while purchasing garments including ties, bow-ties etc.
Online shopping is gaining popularity due to its convenience coupled with ease as customers can select their desired product from their homes whereas physical shops require them to go elsewhere else before buying which increases chancesof being late or miss out some important thing at that time when they would normally have been available had they shopped earlier.
Regional Analysis:
North America dominated the global neckwear market in 2017. The region is expected to witness a considerable growth rate of 4.5% over the forecast period, owing to an increase in the number of people getting married and wearing bow ties for formal occasions such as job interviews or corporate parties. Furthermore, according to Business Insider, around 1 million suits are sold every year in U.S.
Growth Factors:
- Increasing demand from the corporate sector for formal occasions
- Rising disposable income of the consumers
- Changing fashion trends in favor of neckwear
- Growing popularity of customization and personalization options
- Proliferation of online retail platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Neckwear Market Research Report
By Type
Neckties, Bowties, Others
By Application
Online, Offline
By Companies
Brooks Brothers Group, Giorgio Armani, Ralph Lauren Corporation, PVH, LVHM, Brackish Brand, Vineyard Vines, The Tie Bar, Turnbull & Asser, Battistoni
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Neckwear Market Report Segments:
The global Neckwear market is segmented on the basis of:
Types
Neckties, Bowties, 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.
Applications
Online, Offline
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:
- Brooks Brothers Group
- Giorgio Armani
- Ralph Lauren Corporation
- PVH
- LVHM
- Brackish Brand
- Vineyard Vines
- The Tie Bar
- Turnbull & Asser
- Battistoni
Highlights of The Neckwear 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:
- Neckties
- Bowties
- Others
- By Application:
- Online
- Offline
- 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 Neckwear 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.
Regional Analysis
- North America
- Europe
- 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Neckwear is clothing that is worn around the neck. This can include a collar, a tie, or a scarf.
Some of the major companies in the neckwear market are Brooks Brothers Group, Giorgio Armani, Ralph Lauren Corporation, PVH, LVHM, Brackish Brand, Vineyard Vines, The Tie Bar, Turnbull & Asser, Battistoni.
The neckwear market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Neckwear Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Neckwear Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Neckwear Market - Supply Chain
4.5. Global Neckwear Market Forecast
4.5.1. Neckwear Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Neckwear Market Size (000 Units) and Y-o-Y Growth
4.5.3. Neckwear Market Absolute $ Opportunity
5. Global Neckwear Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Neckwear Market Size and Volume Forecast by Type
5.3.1. Neckties
5.3.2. Bowties
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Neckwear Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Neckwear Market Size and Volume Forecast by Application
6.3.1. Online
6.3.2. Offline
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Neckwear Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Neckwear Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Neckwear Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Neckwear Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Neckwear Demand Share Forecast, 2019-2026
9. North America Neckwear Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Neckwear Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Neckwear Market Size and Volume Forecast by Application
9.4.1. Online
9.4.2. Offline
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Neckwear Market Size and Volume Forecast by Type
9.7.1. Neckties
9.7.2. Bowties
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Neckwear Demand Share Forecast, 2019-2026
10. Latin America Neckwear Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Neckwear Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Neckwear Market Size and Volume Forecast by Application
10.4.1. Online
10.4.2. Offline
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Neckwear Market Size and Volume Forecast by Type
10.7.1. Neckties
10.7.2. Bowties
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Neckwear Demand Share Forecast, 2019-2026
11. Europe Neckwear Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Neckwear Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Neckwear Market Size and Volume Forecast by Application
11.4.1. Online
11.4.2. Offline
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Neckwear Market Size and Volume Forecast by Type
11.7.1. Neckties
11.7.2. Bowties
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Applicaton
11.10.4. By Sales Channel
11.11. Europe Neckwear Demand Share, 2019-2026
12. Asia Pacific Neckwear Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Neckwear Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Neckwear Market Size and Volume Forecast by Application
12.4.1. Online
12.4.2. Offline
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Neckwear Market Size and Volume Forecast by Type
12.7.1. Neckties
12.7.2. Bowties
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Neckwear Demand Share, 2019-2026
13. Middle East & Africa Neckwear Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Neckwear Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Neckwear Market Size and Volume Forecast by Application
13.4.1. Online
13.4.2. Offline
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Neckwear Market Size and Volume Forecast by Type
13.7.1. Neckties
13.7.2. Bowties
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Neckwear Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Neckwear Market: Market Share Analysis
14.2. Neckwear Distributors and Customers
14.3. Neckwear Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Brooks Brothers Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Giorgio Armani
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ralph Lauren Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PVH
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. LVHM
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Brackish Brand
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Vineyard Vines
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. The Tie Bar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Turnbull & Asser
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Battistoni
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
