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Luxury Apparels Market | Global Professional Survey Report 2018: Radiant Insights


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Radiant Insights, Inc has announced the addition of the “Global Luxury Apparels Market Professional Survey Report 2018” report to their offering.

According to a report available on Radiant Insights, Inc.; the luxury apparels market is likely to show significant growth by 2025.Factors such as rapid urbanization, increasing disposable income, changing lifestyle, rise in disposable income, and surge in e-commerce sales can propel the market during the forecast period (2018 to 2025).Rise in online selling and buying process of luxury clothes is significantly supporting the market growth. The quality of fabric used in the manufacturing of the clothing gives the classy or luxurious or classy look to apparels. These attires are essential in the fashion world. Various ranges of luxury options are available for casuals and fashion wear, so individuals can wear attire as per the occasion.

Dresses manufactured with high quality and innovative designs which are intended for business and brand point of view are likely to attract more consumers in the coming years. Traditional fabric like silk and pure cotton is quite popular among the consumers. However, high cost of luxurious fabric is likely to restrain the market growth in the coming years. Worldwide luxury apparels market can be segmented on the basis of product, application, and region. Based on product, the market can be categorized into cotton, leather, silk, and denim. As per application, the market can be bifurcated into man and women.

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Geographically, the market can be divided into North America, China, Europe, Southeast Asia, Japan, and India. Europe has been one of the most attractive markets owing to the existence of various luxury brands and houses, which have been in this business for many years. Growing tourist spending is considered as one of the key growth factors. Customers from several countries increasingly prefer to purchase these goods from the Europe. For example, countries like India where imported luxury products are comparatively expensive.

North America is expected to be the major revenue contributor to the market during the forecast period. Factors such as high disposable income and rise in international tourism are expected to boost the market in this region. Asia Pacific is expected to be the fastest growing market in the coming years. Factors such as changing lifestyles, increasing disposable incomes, improving living of standards and existence of numerous international brands in the developing countries in this region are likely to drive the market growth. Growth of e-commerce business is expected to support the market growth in the coming years.

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Prominent players operating in the market include Ermenegildo Zegna, Giorgio Armani, Dolce and Gabbana, and Versace. The market is extremely competitive due to presence of several local and international companies. The manufacturers are concentrating on development of innovative products to complete the ever-changing demands of the customers. New product launch, growing number of mergers and acquisitions, and growing expenses on marketing activities is likely to increase the competition in the coming years. Several luxury brands are using several marketing strategies like fashion events and celebrity endorsements to increase their sale.

For instance, French fashion label Louis Vuitton recently launched a limited-edition men’s bags and accessories for FIFA 2018. These products are manufacture with the company’s Epi leather. The vegetable extracts are used to tan this leather in order to take vibrant color when dyed. The bags are available in three combinations black and white, red and white, and blue and white. To get better recreate the texture the leather has been painstakingly worked using laborious three-stage embossing process.

Read more related reports by Radiant Insights:

•           High Pressure Commercial Toilet Market - https://www.radiantinsights.com/research/global-high-pressure-commercial-toilet-market-professional-survey-report-2018

•           Respiratory Masks Industry - https://www.radiantinsights.com/research/global-respiratory-masks-industry-2018

About Radiant Insights, Inc

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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