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