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Luxury Clothing Market by Distribution Channel (Online, Supermarkets & hypermarkets, Multi brand and Exclusive stores, Boutiques, Others) by End-user (Men, Women, Kids)- Growth, Future Prospects, And Competitive Analysis, 2017 -2025

Name: Luxury Clothing Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2021-11-16
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Luxury Clothing Market

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Luxury Clothing Market Analysis

The fashion industry is changing every day, with new innovations and a competitive bid for creativity. Post-industrialization, the industry has grown rapidly due to the higher production volumes and a globalized market. For a long time, luxury clothing was based on the European concept of haute culture, which involved exclusive, high-end, custom-made clothing. Over time, the luxury clothing industry has evolved to be characterized by the democracy of luxury: high-end clothing is available to more people and employs more sources of inspiration and creativity. Luxury clothing is no longer about one-of-a-kind pieces but more about brands and status symbols.

Global Luxury Clothing market was worth USD 56,212 million amin COVID 19 situation and likely to grow at a CAGR of over 4.37% during the forecast period. The Luxury Clothing market is expected to generate revenue of over 90,000 million in 2027.

Interesting Facts about Luxury Clothing Industry

High net worth or millionaire population has been reached over 48 million in 2020
North America has over 40% share of all millionaires in the world
High net worth people spend over USD 250 billion on purchasing luxury goods
Asia Pacific is growing in number of millionaires and so as demand for Luxury Clothing
Men Luxury Clothing segment accounted for over 55% share in total revenue generated by the global Luxury Clothing market

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The luxury clothing market is the perfect example of excess, wealth, and status symbols. Nothing shows your value and high status like the clothes you wear and the brands you indulge in. The luxury clothing market has been projected to grow with a CAGR of 4.37% during the forecasted period of 2021-2026. With the rise of Covid-19, luxury fashion has seen a change in how it is marketed. Social media and e-commerce have led to a boom in the market and rising sales and profits. The market is growing incredibly quickly and shows no signs of slowing down in the globalized capitalist market.

The Role of Brand Heritage in Luxury Clothing

The luxury clothing market has been built upon the foundations of a handful of luxury brands. Because these brands have a long history of tradition, respect, and the idea of luxury, they have survived so long and made such big names for themselves. The most iconic luxury brands are recognised across the world simply by name or brand logo. Wearing clothing with a brand logo on it immediately cues everybody who sees you to the history and status of your luxury clothes. Brands like Channel, Dior, and Gucci have built their reputation over decades, and today that reputation carries them to the forefront of the luxury clothing market. Brand heritage is a huge barrier to entry in the market, and because of the reputations of existing brands, newer brands cannot rise and become key players in the market. Existing brands have had a monopoly in the market for decades.

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Expected Growth of the Luxury Clothing Market

In 2020, the luxury clothing market was estimated to be worth an incredible 56 billion US dollars. This figure is expected to go up to 90.8 billion US dollars by 2027. The increase in social media advertisement, e-commerce, and online transactions in recent years has assured that the luxury clothing market will see sustained growth for many years to come. Europe is expected to hold the largest share of the market, followed closely by North America. The Asia-Pacific region is also expected to make a huge growth in market shares due to the globalised nature of the luxury clothing market. In the next few years, the key players to look out for are Giorgio Armani; Burberry; Dolce & Gabbana; Prada; Kate Spade; Phillip Lim; PVH Corp. (Calvin Klein), Hermes International, Kering and Versace.

1.Preface

1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary

2.1.Market Snapshot: Global Luxury Clothing Market

3.Market Dynamics & Factors Analysis

3.1.Introduction
3.1.1. Global Luxury Clothing Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Distribution Channel
3.3.2.End-user
3.3.3.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Distribution Channels
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020

4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis

5.1.Global Luxury Clothing Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America

6.1.North America Luxury Clothing Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.1.4.
6.2.North America Luxury Clothing Market, by Distribution Channel, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Online
6.2.3.Supermarkets & hypermarkets
6.2.4.Multi brand and Exclusive stores
6.2.5.Boutiques
6.2.6.Others
6.3.North America Luxury Clothing Market, by End-user, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Men
6.3.3.Women
6.3.4.Others

7.Europe

7.1.Europe Luxury Clothing Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Luxury Clothing Market, by Distribution Channel, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Online
7.2.3.Supermarkets & hypermarkets
7.2.4.Multi brand and Exclusive stores
7.2.5.Boutiques
7.2.6.Others
7.3.Europe Luxury Clothing Market, by End-user, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Men
7.3.3.Women
7.3.4.Others

8.Asia Pacific

8.1.Asia Pacific Luxury Clothing Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Luxury Clothing Market, by Distribution Channel, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Online
8.2.3.Supermarkets & hypermarkets
8.2.4.Multi brand and Exclusive stores
8.2.5.Boutiques
8.2.6.Others
8.3.Asia Pacific Luxury Clothing Market, by End-user, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Men
8.3.3.Women
8.3.4.Others

9.Latin America

9.1.Latin America Luxury Clothing Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Luxury Clothing Market, by Distribution Channel, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Online
9.2.3.Supermarkets & hypermarkets
9.2.4.Multi brand and Exclusive stores
9.2.5.Boutiques
9.2.6.Others
9.3.Latin America Luxury Clothing Market, by End-user, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Men
9.3.3.Women
9.3.4.Others

10.Middle East

10.1.Middle East Luxury Clothing Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Luxury Clothing Market, by Distribution Channel, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Online
10.2.3.Supermarkets & hypermarkets
10.2.4.Multi brand and Exclusive stores
10.2.5.Boutiques
10.2.6.Others
10.3.Middle East Luxury Clothing Market, by End-user, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Men
10.3.3.Women
10.3.4.Others

11.Africa

11.1.Africa Luxury Clothing Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Luxury Clothing Market, by Distribution Channel, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Online
11.2.3.Supermarkets & hypermarkets
11.2.4.Multi brand and Exclusive stores
11.2.5.Boutiques
11.2.6.Others
11.3.Africa Luxury Clothing Market, by End-user, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Men
11.3.3.Women
11.3.4.Others

12.Global

12.1.Global Luxury Clothing Market, by Distribution Channel, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Online
12.1.3.Supermarkets & hypermarkets
12.1.4.Multi brand and Exclusive stores
12.1.5.Boutiques
12.1.6.Others
12.1.7.
12.2.Global Luxury Clothing Market, by End-user, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Men
12.2.3.Women
12.2.4.Others

13.Company Profiles

13.1.Giorgio Armani
13.2.Burberry
13.3.Dolce & Gabbana
13.4.Prada
13.5.Kate Spade
13.6.Phillip Lim
13.7.PVH Corp. (Calvin Klein)
13.8.Hermes International
13.9.Kering
13.10.Versace
Others

List of Figures

FIG. 1 Global Luxury Clothing Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Luxury Clothing Market Segmentation

FIG. 4 Global Luxury Clothing Market, by Distribution Channel, 2019 (US$ Bn)

FIG. 5 Global Luxury Clothing Market, by End-user, 2019 (US$ Bn)

FIG. 6 Global Luxury Clothing Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Luxury Clothing Market Manufacturers, 2019

FIG. 9 Global Luxury Clothing Market Value Contribution, By Distribution Channel, 2020 & 2027 (Value %)

FIG. 10 Global Luxury Clothing Market, by Online, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Luxury Clothing Market, by Supermarkets & hypermarkets, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Luxury Clothing Market, by Multi brand and Exclusive stores, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Luxury Clothing Market, by Boutiques, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Luxury Clothing Market, by Others, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Luxury Clothing Market Value Contribution, By End-user, 2020 & 2027 (Value %)

FIG. 16 Global Luxury Clothing Market, by Men, Value, 2015-2027 (US$ Bn)

FIG. 17 Global Luxury Clothing Market, by Women, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Luxury Clothing Market, by Construction, Value, 2015-2027 (US$ Bn)

FIG. 19 Global Luxury Clothing Market, by Oil and Gas, Value, 2015-2027 (US$ Bn)

FIG. 20 Global Luxury Clothing Market Value Contribution, By Application, 2020 & 2027 (Value %)

FIG. 21 Global Luxury Clothing Market, by Adhesives & Sealants, Value, 2015-2027 (US$ Bn)

FIG. 22 Global Luxury Clothing Market, by Printing Inks, Value, 2015-2027 (US$ Bn)

FIG. 23 Global Luxury Clothing Market, by Paints & Coatings, Value, 2015-2027 (US$ Bn)

FIG. 24 Global Luxury Clothing Market, by Plastics, Value, 2015-2027 (US$ Bn)

FIG. 25 U.S. Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 26 Rest of North America Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 27 U.K. Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 28 Germany Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 29 France Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 30 Italy Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 31 Spain Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 32 Russia Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 33 BENELUX Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 34 Poland Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 35 Austria Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 36 Rest of Europe Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 37 Japan Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 38 China Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 39 India Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 40 South Korea Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 41 Australia Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 42 Southeast Asia Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 43 Rest of Asia Pacific Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 44 Middle East & Africa Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 45 South Africa Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 46 Nigeria Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 47 Egypt Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 48 GCC Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 49 Israel Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 50 Latin America Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 51 Brazil Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 52 Argentina Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 53 Colombia Luxury Clothing Market, 2015-2027 (US$ Bn)

FIG. 54 Peru Luxury Clothing Market, 2015-2027 (US$ Bn)

Chile Luxury Clothing Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices (Luxury Clothing) Market

TABLE 2 Global Luxury Clothing Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 3 Global Luxury Clothing Market, by End-user, 2015-2027 (US$ Bn)

TABLE 4 Global Luxury Clothing Market, by Geography, 2015-2027 (US$ Bn)

TABLE 5 North America Luxury Clothing Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 6 North America Luxury Clothing Market, by End-user, 2015-2027 (US$ Bn)

TABLE 7 North America Luxury Clothing Market, by Country, 2015-2027 (US$ Bn)

TABLE 8 Europe Luxury Clothing Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 9 Europe Luxury Clothing Market, by End-user, 2015-2027 (US$ Bn)

TABLE 10 Europe Luxury Clothing Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 11 Asia Pacific Luxury Clothing Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Luxury Clothing Market, by End-user, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Luxury Clothing Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 14 Latin America Luxury Clothing Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 15 Latin America Luxury Clothing Market, by End-user, 2015-2027 (US$ Bn)

TABLE 16 Latin America Luxury Clothing Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 17 Middle East Luxury Clothing Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 18 Middle East Luxury Clothing Market, by End-user, 2015-2027 (US$ Bn)

TABLE 19 Middle East Luxury Clothing Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 20 Africa Luxury Clothing Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 21 Africa Luxury Clothing Market, by End-user, 2015-2027 (US$ Bn)

TABLE 22 Africa Luxury Clothing Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 23 Giorgio Armani: Company Snapshot (Company Overview; Distribution Channel Portfolio; Financial Information; Key Developments

TABLE 24 Burberry: Company Snapshot (Company Overview; Distribution Channel Portfolio; Financial Information; Key Developments

TABLE 25 Dolce & Gabbana: Company Snapshot (Company Overview; Distribution Channel Portfolio; Financial Information; Key Developments

TABLE 26 Prada: Company Snapshot (Company Overview; Distribution Channel Portfolio; Financial Information; Key Developments

TABLE 27 Kate Spade: Company Snapshot (Company Overview; Distribution Channel Portfolio; Financial Information; Key Developments

TABLE 28 Phillip Lim: Company Snapshot (Company Overview; Distribution Channel Portfolio; Financial Information; Key Developments

TABLE 29 PVH Corp. (Calvin Klein): Company Snapshot (Company Overview; Distribution Channel Portfolio; Financial Information; Key Developments

TABLE 30 Hermes International.: Company Snapshot (Company Overview; Distribution Channel Portfolio; Financial Information; Key Developments

TABLE 31 Kering: Company Snapshot (Company Overview; Distribution Channel Portfolio; Financial Information; Key Developments

TABLE 32 Versace: Company Snapshot (Company Overview; Distribution Channel Portfolio; Financial Information; Key Developments

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Frequently Asked Questions:

How COVID 19 Impacted Luxury Clothing Market?

COVID 19 has brought down Luxury Clothing industry in 2020 with almost over 17.71% decline compared to previous year. However, demand is likely to restore in 2021 and expected to register whopping 25% growth rate

Which is the leading regional market for Luxury Clothing?

Europe and North America are largest regional markets with highest share in the total volume of Luxury Clothing consumed in 2020

What is the major growth hindering factors for global Luxury Clothing market?

Counterfeit products is one of the major concerns for manufacturers of Luxury Clothing as it hampers their brand value and reputation

Which is major segment in Luxury Clothing market by end-users?

Men’s segments dominated the consumption of Luxury Clothing

Which is major segment in Luxury Clothing market by distribution channel?

Offline segments dominated the consumption of Luxury Clothing

About Author

Rajdeep Kumar Deb

Lead Analyst – Consumer & Finance

Rajdeep brings a decade of consumer goods and financial services insight to strategic market analysis.

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