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Global Luxury Apparel Market 2024-2028

Global Luxury Apparel Market 2024-2028

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Global Luxury Apparel Market 2024-2028
The luxury apparel market is forecasted to grow by USD 21.37 bn during 2023-2028, accelerating at a CAGR of 4.66% during the forecast period. The report on the luxury apparel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising disposable income in emerging countries, increasing urbanization in cities, and changing consumer preferences in dressing senses.

Technavio's luxury apparel market is segmented as below:

By Distribution ChannelOfflineOnlineBy End-userMenWomenBy Geographical LandscapeEuropeNorth AmericaAPACSouth AmericaMiddle East and AfricaThis study identifies the growing popularity of luxury sportswear as one of the prime reasons driving the luxury apparel market growth during the next few years. Also, rising trend of personalized clothing and growing importance of sustainability will lead to sizable demand in the market.

The report on the luxury apparel market covers the following areas:Luxury apparel market sizingLuxury apparel market forecastLuxury apparel market industry analysisThe robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading luxury apparel market vendors that include 3.1 Phillip Lim Retail LLC, Burberry Group Plc, Chanel Ltd., Dolce and Gabbana SRL, Giorgio Armani S.p.A., Hanesbrands Inc., Hermes International SA, Kering SA, Levi Strauss and Co., LVMH Moet Hennessy Louis Vuitton SE, Pearl Global Ltd., Prada S.p.A, PVH Corp., Ralph Lauren Corp., Salvatore Ferragamo Spa, Tapestry Inc., The Estee Lauder Companies Inc., VF Corp., Zara, and Hennes and Mauritz AB. Also, the luxury apparel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

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