CRI market research report

Global Luxury Fashion Market—Forecast till 2028

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Global Luxury Fashion Market: Information by Product Type (Clothing & Apparel, Footwear, and Accessories), by End User (Men, Women, and Unisex), by Distribution Channel (Store-Based and Non-Store Based), and Region (North America, Europe,Asia-Pacific, Rest of the World)—Forecast till 2028

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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

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