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- Number of pages : 30 pages
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- Last update : 19/08/2021
Summary and extracts
1 Market Overview
1.1 Introduction
The luxury menswear sector in Italy represents a significant niche within the global luxury market, a segment that continues to demonstrate remarkable resilience and growth. In 2023, the global luxury market is expected to reach a value of 1.5 trillion euros, marking an 8-10 percent increase over the previous year and setting a new record for the industry.[Bain]
The global menswear segment has also shown an impressive trajectory. The global apparel market is estimated to generate US$1.7 trillion in 2023, an increase of 13.7 percent year-on-year. Of this figure, the menswear category is expected to generate US$568.90 billion in revenue, with a CAGR of 2.95% from 2023 to 2027.[Gitnux]
Italy's reputation for quality tailoring, innovative design, and fine craftsmanship makes it a benchmark for this market, attracting an international audience in search of exclusivity and prestige. In this study, we will focus on the dynamics of this market, examining trends, challenges, growth opportunities, and the impact of external factors such as digitalization and sustainability in the luxury fashion industry.
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Latest news
Frédéric Rensonnet focuses on made-to-measure at Les Nouveaux Ateliers - 14/05/2023
- Record year 2023 with 300,000 weddings expected
- Sixth Les Nouveaux Ateliers boutique opens in Paris
- Business suits represent 70% of Les Nouveaux Ateliers activity
- 20 employees at Les Nouveaux Ateliers
- 30% growth forecast for 2023, similar to the previous year
- Relocation of garment manufacturing from China to Portugal
- Reduction in number of sales outlets from 27
- 3D measuring cabin integrated into sales outlets
- Objective of becoming the leading national player in made-to-measure within three years.
The new workshops: Frédéric Rensonnet believes in made-to-measure clothing - 13/05/2023
- Number of unions expected in 2023: 300,000.
- Share of the business suit market in the company's activity: 70%.
- Number of employees: 20.
- Opening of a sixth boutique in Paris.
- Choice of over 3,000 flannels, cashmeres, linens and silks.
- Expected growth by 2023: 30%.
- Company founded in 2011.
Le Rêve du Costume Sur-Mesure with Les Nouveaux Ateliers - 24/11/2022
- Since 2020, the brand has also offered made-to-measure shirts, pants and coats.
- The suits are made in Portugal in a workshop renowned for its expertise.
- More than 9,000 different fabrics are available to personalize the suit.
- The company uses 3D technology to take over 200 measurements in a matter of seconds.
- The production of a made-to-measure suit takes around 5 weeks.
- Alterations, if necessary, are carried out within a few days.
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the luxury men's clothing market | Italy
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