Global Fashion Luxury Cashmere Clothing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fashion Luxury Cashmere Clothing Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Fashion Luxury Cashmere Clothing market finds that the global Fashion Luxury Cashmere Clothing market reached a value of USD 3045.77 million in 2022. It’s expected that the market will achieve USD 4015.6 million by 2028, exhibiting a CAGR of 4.71% during the forecast period.

Drivers

With the changes in consumption habits, the sales channels and paths of fashion luxury goods have also undergone various changes. Luxury consumption gradually bid farewell to the previous sales model limited to in-store completion. In recent years, due to the improvement of online sales channels, the sales of online channels in various regions have continued to increase. China has benefited from the rapid development of the e-commerce environment, and the development of luxury online channels has also been rapid, second only to the United States in terms of sales. With the acceleration of the construction of fashion luxury brand sales channels and the change of luxury consumption trends, the penetration rate of online luxury goods will gradually deepen, and the market for fashion luxury cashmere clothing will further increase.

Restraints

In the context of the continuous escalation of Sino-US trade frictions, Chinese products exported to the United States are subject to tariffs imposed by the US Customs, and more than 1,000 textile and apparel items are affected. The downward pressure on the economy is increasing, and the textile industry will face greater challenges. The United States is China’s important export market for cashmere products, and trade frictions will directly affect the cashmere apparel market. The negative effects of Sino-US trade frictions on the cashmere industry, whether psychologically or directly caused by the decline in export volume, are not conducive to the transmission of cashmere prices.

Opportunities

With the expansion of companies and brands in different areas of the fashion industry, the innovative technology of fashionable and luxurious cashmere clothing is also constantly improving. The trend of using technology to create a good customer experience is obvious. With the emergence of refining processes in manufacturing, diversified products have emerged, which have obtained better warmth retention and low pilling. These diversified products have brought greater market opportunities for fashionable and luxurious cashmere garments.

Challenges

Cashmere is a material used in daily clothing. Its fabric is very soft and comfortable, with super warmth retention, and is an indispensable warm clothing in winter. However, with the development of the market, there are more and more fabrics on the market, and the performance of alternative cashmere clothing types is getting better and better. This has become a challenge for the development of the fashion luxury cashmere clothing market. For example, soybean fiber is an eco-friendly fabric made from the by-products of soybean processing. It has the softness and luster of silk, the drape and durability of cotton, and the warmth and comfort of cashmere. This material does not contain any petrochemical products, and the most important thing is that it will not harm the sheep.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

Ermenegildo Zegna，Loro Piana，Brunello Cucinelli，Malo and Alyki are the five key players in the global Fashion Luxury Cashmere Clothing market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Fashion Luxury Cashmere Clothing market in the past 5 years.

Ermenegildo Zegna manufactures textiles, and produces and retails clothing. The Company manufactures wool, cashmere, mohair, and blended fabrics, and high end men's clothing and sports wear.

Loro Piana is an Italian high-end luxury clothing company. The company focuses on cashmere and vicuña. The Company offers coats, blazers, trousers, jeans, shorts, t-shirts, shoes and skirts for women, men and children. Loro Piana serves customers internationally.

Segmentation Overview:

Among different product types, Coats segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Women segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Fashion Luxury Cashmere Clothing market covered in Chapter 3:

Birdie Cashmere
Ermenegildo Zegna
TSE
Alyki
Pringle of Scotland
SofiaCashmere
Loro Piana
Ballantyne
Autumn Cashmere
Malo
Brunello Cucinelli

In Chapter 4 and Chapter 14.2, on the basis of types, the Fashion Luxury Cashmere Clothing market from 2018 to 2029 is primarily split into:

Sweater
Coats
Trousers
Dresses
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fashion Luxury Cashmere Clothing market from 2018 to 2029 covers:

Children
Women
Men

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)