Luxury Fashion Market Report 2023-2028: Size, Share, Trends, Analysis, Growth & Forecast
The global luxury fashion market size reached US$ 237.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 294.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.60% during 2023-2028.
The global luxury fashion market size reached US$ 237.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 294.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.60% during 2023-2028.
- No tags were found...
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Luxury Fashion Market 2023 By Product Type, Distribution Channel, and end User, , Key
Regions and Competitive Landscape
www.imarcgroup.com Sales@imarcgroup.com +1-631-791-1145
© 2019 IMARC All Rights Reserved
Author: Elena Anderson,
Marketing Manager |
IMARC Group
Copyright © IMARC Service Pvt Ltd. All Rights Reserved
About IMARC Group
Report Description
The International Market Analysis Research and Consulting Group is a leading adviser on
management strategy and market research worldwide. We partner with clients in all sectors
and regions to identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing
methods are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our
clients achieve unmatchable competitive advantage, build more proficient organizations, and
secure lasting results.
Report Description and Highlights
Report Description
Luxury Fashion Market Outlook 2023-2028:
The global luxury fashion market size reached US$ 237.0 Billion in 2022. Looking forward, IMARC Group
expects the market to reach US$ 294.7 Billion by 2028, exhibiting a growth rate (CAGR) of 3.60% during
2023-2028.
Luxury fashion refers to a brand characterized by non-essential, premium, elevated quality, exclusivity,
and high-price tag products. It comprises premium watches, jewelry, fashion accessories, clothing,
designer handbags, perfumes, high-end cosmetics, etc.
These items are manufactured using high-grade materials and offer superior craftsmanship, high-value
aesthetics, and an extended warranty period. Luxury fashion includes artistic and unique products that
are highly desirable in a culture or society and serve as a status symbol. They also exhibit uniqueness
and provide an unforgettable and personalized experience in terms of luxurious packaging, high-touch
service, and an affluent in-store environment.
Report Description and Highlights
Report Description
Luxury Fashion Market Trends:
The evolving fashion industry and the emerging aesthetic trends are primarily augmenting the luxury
fashion market. Furthermore, the shifting consumer preferences towards high-quality and stylish items
with advanced technical fabrications and craftsmanship are positively influencing the global market.
Apart from this, the growing popularity of high-end fashion brands as a status symbol and the
increasing expenditure capacities of the masses are acting as significant growth-inducing factors.
Moreover, the rising influence of social media and the inflating promotions and celebrity
endorsements are also bolstering the market growth.
Besides this, the widespread adoption of sustainable production methods, such as using ethically
sourced, eco-friendly, or recycled materials, by key players, on account of the increasing environmental
concerns, is further catalyzing the global market. Additionally, the rising incorporation of augmented
reality (AR) in the fashion industry to provide customers with a virtual in-shop buying experience from
the comfort of their homes, making it easier and more convenient, is also driving the market growth. In
addition to this, the increasing brand loyalty among consumer, the inflating online sales, and the
elevating demand for premiumization and customization for superior quality and design of products
are expected to drive the luxury fashion market in the coming years.
Request for a free sample report: https://www.imarcgroup.com/luxury-fashionmarket/requestsample
Report Description Report Description and Highlights
Market Summary:
Breakup by Product Type:
• Clothing & Apparel
• Jackets & Coats
• Skirts
• Shirts & T-Shirts
• Dresses
• Trousers & Shorts
• Denim
• Underwear & Lingerie
• Others
• Footwear
• Accessories
• Gems & Jewellery
• Belts
• Bags
• Watches
Breakup by Distribution Channel:
Store-Based
Report Description Report Description and Highlights
Breakup by Distribution Channel:
• Store-Based
• Non-Store Based
Breakup by End User:
• Men
• Women
• Unisex
Breakup by Region:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America
On account of the aforementioned factors, the market is anticipated to witness strong growth during
2023-2028.
Report Description Report Description and Highlights
Competitive Landscape:
• Burberry Group Plc
• Capri Holdings Limited
• Chanel S.A.
• Diesel S.p.A. (OTB Group)
• Dolce & Gabbana S.r.l.
• Giorgio Armani S.p.A.
• Industria de Diseño Textil S.A.
• Kering SA
• LVMH Moët Hennessy Louis Vuitton
• Prada S.p.A.
• PVH Corp.
• Ralph Lauren Corporation
• Rolex SA.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/luxury-fashion-market
A partial List of our Clients
Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients
Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved
This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of
International Market Analysis Research and Consulting (IMARC). No part of this publication may be
reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be
used in any form or by and means graphic electronic or mechanical, including photocopying, recording,
taping or by information storage or retrieval, or by any other form, without the express consent of
International Market Analysis Research and Consulting (IMARC).
Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been
based on information and sources believed to be accurate and reliable at the time of publishing.
International Market Analysis Research and Consulting makes no representation of warranty of any kind as to
the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any
loss or damage resulting from opinion, errors or inaccuracies if any found this publication.
IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market
Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of
their respective companies.
Contact Us
FOR MORE DETAILS
Visit us at :
https://www.imarcgroup.com
Stay With Us:
TELEPHONE: +1-631-791-1145
E-MAIL: sales@imarcgroup.com
Change language