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Luxury Apparel Market Size Worth $84.04 Billion By 2025

The global luxury apparel market size is expected to reach USD 84.04 billion by 2025, according to Million Insights, registering a 3.5% CAGR over the forecast period, from 2019 to 2025.

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Luxury Apparel Market Size Worth $84.04 Billion By 2025

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  1. Luxury Apparel Market Size Worth $84.04 Billion By 2025 “The global luxury apparel market size is expected to reach USD 84.04 billion by 2025, registering a 3.5% CAGR over the forecast period, from 2019 to 2025. Factors such as growing number of millennials along with brand loyalty and rising spending capacity on luxury goods have majorly driven the growth of this market.” The global luxury apparel market size is expected to reach USD 84.04 billion by 2025, according to Million Insights, registering a 3.5% CAGR over the forecast period, from 2019 to 2025. Factors such as growing number of millennials along with brand loyalty and rising spending capacity on luxury goods have majorly driven the growth of this market. The luxury apparels are trendy and fashionable. These luxury brands offer a traditional look as well as a latest stylish look to gain popularity among consumers. For instance, Indian brand Raymond Group launched luxury apparel under the brand name Raymond Khadi. Men segment held the largest market share of over 56.00%, in 2018. This high revenue share is attributed to the rising demand for luxury formal wear among consumers, especially in developing countries. According to the survey, men invest a high amount on luxury products and willing to buy for others than themselves. In 2018, the offline segment held the largest market share, as it allows to physical check luxury product attributes like size, fit, and material. This factor is expected to directly affect consumer buying decisions. Apart from this, these shops provide free alteration and customized designs if it is needed to customers. Thus, the above factors are expected to witness significant growth in this segment over the forecast period. Asia Pacific is anticipated to have strong growth over the forecast period owing to the increasing demand for luxury apparel among consumers for business purposes. China, Japan, and India are expected to have potential growth from 2019 to 2025. As Chinese people travel frequently across the globe, they are the largest consumers for luxury products including apparel. Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/global-luxury-apparel-market/request-sample

  2. Further key findings from the report suggest: • In 2018, the men segment accounted for the market share of around 55.0% in terms of revenue. • The offline segment held the largest market share of more than 83.0%, in 2018. • Europe accounted for the largest market share, in 2018. U.K. France, Germany, and Italy countries have contributed major market share in regional market. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-luxury-apparel-market Million Insights has segmented the global luxury apparel market on the basis of end user, distribution channel, and region: Luxury Apparel End User Outlook (Revenue, USD Billion, 2015 - 2025) • Men • Women Luxury Apparel Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025) • Offline Retail • Online Retail Luxury Apparel Regional Outlook (Revenue, USD Billion, 2015 - 2025) • North America • U.S. • Europe • Germany • U.K.

  3. • France • Asia Pacific • China • Japan • Central & South America • Middle East & Africa • Turkey See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/clothing-and-textiles

  4. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184

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