MARKET OVERVIEW
1.1 Definition and scope of study
The term luxury clothing refers to those garments that are more elegant and refined than those defined as casual, which are used in everyday life. Usually, luxury clothing is used for going to the office and for special occasions such as dinners, concerts or ceremonies. Other ways to define luxury clothing are "smart casual" or "country club". This category includes all items of clothing: coats, jackets, shirts, pants, shoes, belts, and handbags. This study will cover women's luxury clothing, excluding accessories.
Regarding the global luxury market, this had come to be worth $67.85 billion in 2018 and it is estimated that between the year 2015 and 2025 the market will grow with a CAGR of 3.5%. This growth is mainly dictated by the fact that luxury goods increasingly contribute to greater social acceptance and by the increase in disposable income of consumers.
In Italy, the luxury apparel market, especially women's apparel, has always been characterized by strong growth mainly due to the manufacturing and craftsmanship skills of Italian companies and thanks to the Made in Italy concept. In 2019, Italian companies on the Top 100 list, a list that includes the largest companies in terms of revenue in the industry, made 12.4% of total global revenue.
The market trend is to focus on acquisitions both to grow but above all to differentiate the offer and enter more and more new market segments. For several years now, a very common practice within the sector has been to create partnerships between luxury companies in order to offer their clients something new and original.
There are many companies that operate in this market such as Gucci, considered the Italian fashion house par excellence, Prada, Armani, Versace, Ferragamo, etc.
ANALYSIS OF THE DEMAND
MARKET STRUCTURE
ANALYSIS OF THE OFFER
REGULATION
POSITIONING OF THE ACTORS
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What is in this market study?
- What are the figures on the size and growth of the market?
- What is driving the growth of the market and its evolution?
- What are the latest trends in this market?
- What is the positioning of companies in the value chain?
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- Access company mapping and profiles.
- Data from several dozen databases
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Reviews (5)
The costume jewelry market - France
Publicado en 07/11/2022 by Philippe PETROU - MYTIKAS
Très bien fait.
Businesscoot Response:
Merci Philippe pour votre retour et pour la confiance accordée. :)
The children's clothing market - France
Publicado en 29/10/2022 by Amina Mellal
J'adore vos études, je les trouve très complète et toutes les sources sont toujours citées.
Businesscoot Response:
Merci infiniment Amina pour votre retour ainsi que la confiance accordée.
The men's ready-to-wear market - France
Publicado en 29/10/2022 by Client Anonyme
Très complet!
Businesscoot Response:
Merci pour votre retour et la confiance accordée. :)
The baby clothing market - France
Publicado en 07/09/2022 by Dan
I found this study to be very complete yet concise. It gives the main trends of the market and does not limit itself to "basic" figures such as sales figures, but also deals with pricing strategies and trends according to the positioning of the players. It's a study that has really served me well and that deals with marketing, the regulatory side, the offer, the competition and the pricing. Bravo!
Businesscoot Response:
Thank you Dan !
The sportswear market - France
Publicado en 08/08/2022 by Domaine Saint Roch - Domaine Saint Roch
Operational