Luxury Apparel Market Size, Sector Analysis, Consumer and Retail Trends, Competitive Landscape and Forecast, 2020-2025

Luxury Apparel Market Size, Sector Analysis, Consumer and Retail Trends, Competitive Landscape and Forecast, 2020-2025

Summary

Luxury apparel will recoup its losses from the pandemic by 2022 to reach sales of $149.2bn, driven by heightened demand in APAC and the Americas. Growth in APAC has been boosted by the rising number of middle class consumers and the shift to domestic purchasing due to COVID-19 international travel restrictions, while sales in the Americas have been bolstered by federal stimulus payments keeping demand for luxury goods high as many consumers invested in these items, such as handbags.

Formalwear-centric brands, such as Roberto Cavalli and Max Mara, suffered the most in 2020 as the pandemic led to an acceleration in the adoption of athleisure due to consumers preferring to wear comfortable clothing at home. In contrast, brands that were early adopters of the streetwear and athleisure trends, such as Dior and Louis Vuitton, were more resilient as they benefitted from front-of-mind appeal. Luxury brands must continue to incorporate more casual styles in their products to remain relevant and appeal to Gen-Z consumers in particular, as these shoppers have become a crucial demographic within the luxury sector.

International luxury brands must acknowledge the shopping behaviors and preferences of APAC consumers when considering their growth strategies, as the region is expected to make up 40.7% of the luxury apparel market by 2025, up from 37.9% in 2019. This equates to a forecast value of $71.6bn in 2025 and a CAGR of 9.6% between 2020-2025, so a strong performance in this region will boost brands’ fortunes.

This report provides an overview of the global luxury fashion retailing which includes key trends, key retail innovations, regional and sector analysis along with major luxury fashion retailers and competitive land scape

Scope

  • The luxury sector will grow beyond pre-pandemic levels in 2022, driven by sustained domestic demand in APAC and the Americas
  • Luxury brands must incorporate more casual styles, including athleisure and streetwear, to remain relevant to the post-pandemic shopper
  • Asian consumers will continue to drive the luxury apparel market out to 2025
Reasons to Buy
  • Gain a comprehensive knowledge on Global Luxury fashion market and develop a competitive advantage
  • Investigate current trends in the global luxury fashion market to identify the best opportunities to exploit
  • Analysis of key luxury fashion players operating globally
  • Explore novel opportunities that will allow you to align your product offerings and strategies to meet demand by analyzing the key consumer and technology trends influencing the luxury fashion market globally
  • Analyze the recommended actions to align your marketing strategies with the crucial trends influencing consumer behavior
  • Analysis of key international players operating in global luxury fashion retail market - including store counts and revenues that give you a competitive edge and identify opportunities to improve your market share


  • Executive Summary
  • Key Trends in the Luxury Apparel Market
    • Global Luxury Apparel Market Drivers
    • Global Luxury Apparel Market Inhibitors
    • Hot Issue: Asian Influencers in Promotion and Advertising
    • Hot Issue: Luxury Sportswear
    • Hot Issue: Luxury Expansion into Childrenswear
    • Hot Issue: Enhancing Online User Experience
    • Hot Issue: Resale Market Boom
    • Hot Issue: Counterfeit Goods
    • Hot Issue: Luxury Fashion Rental
    • Hot Issue: Collaborations
    • Hot Issue: Establishing Sustainable Credentials
    • Hot Issue: Video Games and Luxury Retail
    • Strategies for Success in the Global Luxury Apparel Market
  • The Global Luxury Apparel Market: Global Market Size and Forecasts 2020-2025
    • Global Luxury Apparel Market, 2015-2025
    • Global Luxury Apparel Market Values & Volumes, 2015-2025
    • Global Apparel Market by Price Positioning
  • The Global Luxury Apparel Market: Regional Performance and Forecasts 2020-2025
    • Global Luxury Apparel Market by Region
    • Global Luxury Apparel Growth by Region
    • Global Luxury Apparel: Regional Summary
    • Top 10 Global Luxury Apparel Markets
  • The Global Luxury Apparel Market: Category Performance and Forecasts 2020-2025
    • Key Category Trends
    • Global Luxury Apparel Market by Category
    • Top Global Luxury Apparel Categories
  • Competitive Landscape: Top 20 Global Luxury Apparel Brands
    • Top 20 Global Luxury Apparel Brands
      • Table Chanel remained one of the most resilient brands in 2020, benefitting from the iconic status of some of its products
      • Table Bottega Veneta was the only growing luxury brand in 2020 in the top 20, thanks to a desirable athleisure proposition
    • Top 20 Global Luxury Apparel brands
    • Market Shares of Top 20 Global Luxury Apparel brands
  • Competitive Landscape: Luxury Brand Profiles
    • Brand in Focus: LVMH
    • Brand in Focus: Kering
    • Brand in Focus: Chanel
    • Brands in Focus: Prada
    • Brand in Focus: Burberry
    • Brands to Watch
  • Appendix
    • Luxury Apparel Market by Country
      • Table Luxury Apparel Market Value ($ bn), Growth and CAGR Growth (%) by Country, 2020-2025
    • Global Luxury Womenswear - Product Segment Values
      • Table Womenswear: Value ($ bn) and Growth ($ bn and %) 2020-2025
    • Global Luxury Womenswear - Product Segment Volumes
      • Table Womenswear: Volume (m units) and Growth (m units and %) 2020-2025
    • Global Luxury Menswear - Product Segment Values
      • Table Menswear: Value ($ bn) and Growth ($ bn and %) 2020-2025
    • Global Luxury Menswear - Product Segment Volumes
      • Table Menswear: Volume (m units) and Growth (m units and %) 2020-2025
    • Global Luxury Childrenswear - Product Segment Values
      • Table Girlswear: Value ($ m) and Growth (%) 2020-2025
    • Global Luxury Childrenswear - Product Segment Volumes
      • Table Girlswear: Volume (m units) and Growth (m units and %) 2020-2025
    • Global Luxury Childrenswear - Product Segment Values
      • Table Boyswear & Babywear: Value ($ m) and Growth (%) 2020-2025
    • Global Luxury Childrenswear - Product Segment Volumes
      • Table Boyswear & Babywear: Volume (m units) and Growth (m units and %) 2020-2025
    • Global Luxury Footwear - Product Segment Values
      • Table Footwear: Value ($ m) and Growth (%) 2020-2025
    • Global Luxury Footwear - Product Segment Volumes
      • Table Footwear: Volume (m units) and Growth (m units and %) 2020-2025
    • Global Luxury Accessories - Product Segment Values
      • Table Accessories: Value ($ m) and Growth (%) 2020-2025
    • Global Luxury Accessories - Product Segment Volumes
      • Table Accessories: Volume (m units) and Growth (m units and %) 2020-2025
  • Methodology, Definitions and Contacts
    • Methodology

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